DX Price Live Data
The Dxchaintoken price today is $0.000061 USD with a 24 hour trading volume of $13.48K USD. Dxchaintoken (DX) is up 1.02% in the last 24 hours.
About
DxChain Network is a big data and machine learning network which is powered by a computing-centric blockchain with a native protocol token (also called “DX”). Its end users can potentially use this network as a data exchange platform to trade data and as a business intelligence analytics platform to analyse data for supporting business insights.
Unlike Bitcoin and Ethereum, where the incentives are driving miners to sustain the huge amount of computation needed to maintain the blockchain consensus, the DxChain Network provides miners incentives based on the usefulness of the work that they passively provide: storage and computation. Since this storage platform is designed through using a principle of decentralisation, the protocol has a mechanism to control the reliability of the file access. In garnering the benefits of P2P network and Hadoop HDFS file systems, the robustness and accessibility is intended to be ensured. DxChain Network will incorporate Hadoop in its system as it is an industry-proven big data platform. DxChain Network is designed to assign several roles to manage and schedule jobs in the system which achieves the computation goal in a centralised parallel computing system. Built on top of the DxChain Network, a collection of tools would be developed to speed up the computation and analysis process.
Additionally, machine learning algorithms can potentially be built upon these to facilitate more computing-driven tasks. At the time of retrieving files, DxChain Network is also designed to support computation which provides more flexibility of data exchange. With the smart contract, this platform is intended to be especially useful for decentralising data, building and running distributed applications.
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