ProximaX

ProximaX

Created using Figma
Created using Figma
ProximaX is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich services and protocols, powered by #NEM blockchain. ProximaX combines blockchain, storage, streaming and an advanced consensus algorithm to enable a rich, all-in-one platform for broader cross-industry application and decentralized app development.
Apr, 2018
May, 2018
100% completed
$30 364 532
100% goal completed
past
Token Details
Ticker
XPX
Company Details
Registered Country
Singapore
Additional Details
Whitelist
Yes , from Apr 7, 2018
KYC
Yes
Categories
Legal, Virtual Reality, Entertainment, Internet, Big Data, Artificial Intelligence

About ProximaX

The Internet: a vast framework of interconnected applications, networked systems and mobile devices essential to our daily lives. It’s the primary means by which we communicate, learn, create, shop, work, share, play and manage our finances. We cannot imagine a world without it. Yet the very foundation of this technology, invented over a quarter century ago, is in jeopardy. It suffers from vulnerabilities in scale, security and privacy, and increasingly is prone to fraud. Together these threats will disrupt the technology we have become so reliant upon. Businesses built on centralized computing struggle to keep pace with ever-increasing scale of use, which drives up costs and further limits accessibility to the developing world, where only the elite can profit from the advantages of connectivity.

Challenges in privacy, confidentiality, data security and integrity, and centralized systems have plagued the internet today. Traditional private, internet-related organizations have attempted to resolve these challenges only selectively, as their profit motive is not aligned with that of the consumer interests. The tech giants want their users to “trust” them implicitly without addressing the underlying obstacles.

“Blockchain” Technology, the underlying innovation that powers Bitcoin and NEM, promised more robust decentralized and distributed networks, thus eliminating costly intermediaries and creating a human-powered, interconnected network, but it was not without its flaws. Early versions of blockchain proved too complex, insecure, costly, and unscalable to bridge the gap between theoretical and real-world utility.

ProximaX (pronounced Proxima X), a blockchain-based decentralized platform developed by the people behind the NEM Blockchain and Catapult platform, intends to solve these challenges by using their expertise in an eco-friendly distributed ledger technology, P2P internet protocols and ease of integration API driven architecture allowing DApp developers and businesses to more readily deploy and manage their solutions.
ProximaX extends traditional Blockchain protocols by integrating a number of off-chain, peer-to-peer service components (layers) that are found in traditional SaaS and IaaS based centralized architectures, like content delivery networks (CDN) and cloud offerings. The primary services being that of storage and streaming media - all managed and governed by a robust set of consensus protocols to ensure integrity of the network along with measuring, validating, and incentivizing the decentralized workforce to prosper and grow scale.

By parallelizing all of these services and protocols in manageable, but distinct layers, ProximaX solves for the cost-effective conundrum in Blockchain ledger transactions, whilst maintaining flexibility, ease of adoption and integration, security, and speed. All packaged within an all-in-one extensible framework.

To maintain its integrity and value, ProximaX steps up the game from traditional blockchain and introduces concurrent advanced and complex consensus algorithms with a combination of 1) Proof of Importance (POI), perfected by NEM; 2) Proof of Storage (PoS), for measuring allocation of distributed disk space, and; 3) Proof of Bandwidth (PoB), a costly and more precious commodity in delivery of data and streaming media. Bandwidth measurement is rarely factored into mainstream blockchain projects as a reward metric to the node workforce. ProximaX is changing that.

ProximaX further powers its utility token economy with a native coin, XPX, that allows for a sustainable marketplace for its services - only possible with a best of breed blockchain engine found in NEM that roots from NEM’s Top world-ranked cryptocurrency.

ProximaX is a revolution on top of the existing evolution of Blockchain and DLT with the creation of a utility-rich platform and protocol in which businesses, enterprises and entrepreneurial innovators can avoid costly, failure-prone centralized architectures yet enjoy sustainable and secure service offerings. Content Delivery and Storage, Streaming  Media, decentralized marketplaces, big-data, measurement/analytics, IoT, and flawless record keeping and KYC are just a few use cases for ProximaX.

ProximaX Roadmap

  • Q1 2018

  • R&D and Prototyping.
    Solution architecture.
    Documentation for development.
    Marketing.
  • Q2 2018

  • Defining persistent data store structure.
    Architecting node ecosystem and routing layer.
    Implementing blockchain communication layer.
  • Q3 2018

  • Developing node ecosystem and routing layer.
    Developing discovery ecosystem.
    Ensuring signal protocol compatibility to support DApp requirements.
    Team scaling.
  • Q4 2018

  • Establishing client side SDK/APIs.
    Developing commercial centralized nodes.
    Working on media delivery/quality.
    Getting the first beta platform out publicly with bootstrapped set of nodes.
  • Read More
  • Q1 2019

  • Consensus and Rewards.
    Developing commercial centralized nodes.
    Working on media delivery/quality.
    Getting the first beta platform out publicly with bootstrapped set of nodes.
  • 2019 and beyond

  • Future Roadmap: Extending Layers.
    Privacy transactions at the blockchain layer.
    Commercial nodes to be hosted by app developers to enable DApps freemium models.
    Web hosting and content delivery.
    Turing complete virtual machine.

Activity

Posts:
106
MEDIUM
Followers:
4 168
MEDIUM
Likes:
4 133
MEDIUM
Rating:
5
VERY HIGH
Reviews:
3
VERY LOW
Followers:
3 483
MEDIUM
Tweets:
204
MEDIUM
30 Days Growth:
-162
Alexa
Rank:
632 495
LOW
Delta:
-25 636

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Gabriela Kaczka
unverified

Last News

$ 0.0049
-7.24%
Coin Stats
Daily, %:
-7.24%
Weekly, %:
52.66%
Monthly, %:
46.58%
Market Info
Market Cap:
$ 29.75 M
Volume 24h:
$ 1.899 M
Circ. Supply:
6.094 B XPX
Ticker:
XPX
N/A
5.0 19
ICO Profile Vision Activity Potential Product Team
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO