MXC: REVOLUTIONIZING DECENTRALIZED IoT DATA NETWORK

mayowa-eu (60)in #bitcoin • 5 years ago (edited)

It’s a general consensus that the advent of artificial intelligence in this modern day technology has gone a long way in bringing lasting solutions to global problems.

Also, there has been an encouraging increase in the collection, sourcing and transmission of enormous data which is conspicuous in the past five years, and it has been recorded that the use of artificial intelligence has gone a long way in simplifying hard tasks and taking better decisions in almost every technological aspect ranging from energy savings to weather forecast, then we need no longer argue the fact this technology is indispensable in this present generation.

Artificial intelligence cannot be discussed fully without mentioning IoT network because it’s responsible for the collection of data from objects that can’t speak, thereafter connecting those data to the internet.

However, there’s limitation to the use of this technology owing to outrageous cost of data networks and large volume of expensive power consumption.
Therefore, MXProtocol is causing a big development in the use case of LPWAN with a superior IoT (Internet of Things) data platform via an excellent network experience which in turns creates secure and efficient solution for IoT.

ABOUT MXC

Machine xchange coin (MXC) is a non-profit blockchain based organization located in Berlin with partnerships with several LPWAN. MXC in a bid to significantly boost blockchain applications and IoT has designed the next generation LPWAN using MXProtocol.

This platform enhances swift exchange of information between connected devices via the use of the most convenient nearest LPWAN Gateway.

The measure of convenience of LPWAN Gateway shall be through the following factors;

Signal quality
Cost per Downlink
MXC influential Algorithm factors and
Availability.

MXC is in partnership with MatchX and has successfully released MatchBox LPWAN gateway and LPWAN module with development kits which has reached over 40 countries having their distributors in Australia, Asia, Europe and North America.

Also, in conjunction with Stellar Development Foundation, MXC has been able to perform the first Proof-of-Concept through the use of sensors to pay with each other via the LPWAN coverage.

MXC ECONOMY

A specially designed technological Data trade network to the global economy with full decentralization policy is being offered by the Machine eXchange Coin which will ensure data share on a gross scale with utmost security.

This coin will be the first token that is designed to connect the current commodity based cryptocurrency trading to cash based global economy.

This coin shall be distributed accordingly amongst data receivers, data owners, and data network hosts.

ADVANTAGES OF THE MXC IoT

Garbage collection assistance: The technology uses sensor devices placed in garbage cans and allows them transmit device data through a gateway thereby allowing city council to detect levels of garbage. This in turn saves fuel, wages, and also reduces traffic congestion.
Car sharing assistance: There’ll be reduction of car sharing partner cost through end devices/sensors with this technology. This allows car sharing companies track their vehicles without depending on telecommunication coverage thereby reducing tracking cost.

In summary the MXProtocol concentrates on three main usecases which are;

Extension an support of massive device data economy
Trading of assets within current coin economy and
Utilization of assets within current coin economy.

Listed below are some of the salient features of MXC

MXProtocol Stack
MXP Smart bidding
Anti-Collision Coordinator
Inter-Chain Data Market

In conclusion, MXC will be the first platform to adopt the use of Internet of Things (IoT) which is conspicously a great technological advancement. Therefore this undoubtedly will be a great revolution in the history of technology.

Token Properties
Token ticker: MXC
Platform: Ethereum
Token Type: Utility Token
Token Supply: 2.6 billion
Token Standard: ERC-20

TOKEN DISTRIBUTION