Beat the blockchain first movers advantage with Proximax
Is being first on the blockchain always such a good idea?
When it comes to technology the first movers or the pioneers generally lead the industry and get the market share and are known as the path breakers.
So it would not be wrong to assume that those projects that built their projects on ethereum, stellar,steem or any other blockchain did get a competitive advantage.
Having said that let me add that the blockchain path traversed till now has been full of trials and tribulations.
Blockchain coding woes & Glitches
- Coding has been tough and there have been plenty of glitches and mistakes have been made on the way.
For example cryptokitties was a blockchain gaming project launched over the ethereum blockchain. However it increasing transaction volume caused the choking and slowing down of the ethereum blockchain.
Even the tools and the SDK's are still evolving. A lot of changing are being made to the underlying blockchain and the code is being tweaked in order to find the right mix between speed, usability and security. - The blockchain world and various blockchains were primarily POW(proof of work) that consumed a lot of power and slowly new blockchain protocols such is POS(proof of stake are emerging)
So building a project is time consuming and a pains taking process. At a time a blockchain project is envisioned it is built over a chosen blockchain.
It may be noted that each blockchain is different and has someting different to offer . When it comes to blockchains there is nothing as one size fits all.
So for any project it is a different choice as to which project to choose from.
In theory one may build one part of a project on one particular blockchain and utilize its feature and build another part modeled on another blockchain.
However this mix and match approach does not work as it would lead to a lot of functional and code incompatibility.
Plus there would be a lot of design and functional bottlenecks that would be difficult to iron out.
Each blockchain was designed with a vision and may not fit your project needs
Another important thing to be noted is that each blockchain is designed with a particular objective and though it may be doing a great job however it may not be a perfect fit for your project.
ProximaX comes as the perfect fit
Proximax is set of tools and en entire working blockchain environment designed to help anyone build their blockchain.
Technically speaking ProximaX is ...
Proximax is a layered decentralized layered technology (laDLT) environment.
That offers a number of core servises that are ready to use.
The bottom layer is the ProximaX Sirius Blockchain the functional blockchain working on the POS (Proof of Stake) algorithm.
What makes it different from other POS blockchains is that it use PoG or Proof of Greed to ensure that nodes running do not get too greedy for rewards. A node can charge a fee to validate a block if it gets greedy it can charge more and get more powerful. The PoG keeps a check on this tendency preventing nodes to charge exorbitant rates to validate blocks.
The white paper also mentions the other extreme where the nodes mine at a zero fee. Both these extremes are addressed in order to create a state of equality and utility.
The ProximaX Sirius blockchain serves as a base or foundation layer for the operation of the core services.
These core services are made available as Plug-ins
Using these services as plugins any one can implement a blockchain solution or even build own Blockchain.
The Ready to use core services
The above shown services are ready to use services that can help speed up a project
These services can be used as modular building blocks to build a Blockchain based dApp, Solution or a service.
Take for instance file storage over the blockchain
This can help a team launch file storage and hosting facilities over the blockchain.
Ease of integration would help make the utilization of the service a easy to use feature.
The merit of these services lies in how well one can use the core services to create new and innovative solutions using the cutting edge underlying technology.
Take for instance a Team that offers a blockchain version of socia media platforms like facebook , instagram, twitter etc.
This can be a centralized project with full control over the user data. Advertising and users data mobiliztion would be the revenue earner.
Alternatively a freemium business model can be devised in which a premium member pays a small fee and his data remains personal and encrypted without switching platforms.
Defining the core services for cost evaluation purpose
The different types of service units are as follows:
Storage units (SO) - One unit represents 1GB stored per month
Streaming units (SM) - One unit represents 1GB streamed between users
Supercontract units (SC) - One unit represents one supercontract code executed
Review units (RW) - One unit represents 1 XPX worth of paid content
Cost of Services
The initial service unit rates (which are subject to change) are as follows:
1 SO = USD 0.004
1 SM = USD 0.02
1 SC = USD 0.000005
1 RW = USD 0.005
XPX thenative token and the currency of the system
In order to use the services of the Sirius Chain one would have to make payments using the XPX tokens.
Thses tokens are like the currency of the system and can be used for
- Allow the consumer to pay for services
- Reward the nodes for running services
- Measure the capacity of a node for executing a service
An automated inner exchange would ensure easy trade of tokens for services.
More information can be found below
ProximaX Additional Resources