DxChain Price(DX)

DxChain (DX) is a Web3 project that positions itself as a decentralized network for big data and machine learning, powered by a computing-centric blockchain. Its primary goal is to address the challenges of centralized data management by providing a platform for secure, efficient, and decentralized data storage, computation, and exchange. The project, which beta-launched in 2018, aims to build a comprehensive Web3 application platform that supports smart contracts and cross-chain ecosystems. This includes empowering various decentralized fields such as NFTs and DeFi. DxChain seeks to break the monopolization of data by large corporations, enabling smaller entities to access and analyze large datasets more affordably. Technologically, DxChain utilizes a "chains-on-chain" architecture. This architecture comprises a master chain, a Computing Side Chain (CSC), and a Data Side Chain (DSC). These side chains interact with the master chain via smart contracts. The network integrates components of Hadoop, an open-source utility suite for distributed computing, to handle data processing efficiently. For security and efficiency, DxChain relies on a Delegated Proof of Stake (DPoS) consensus mechanism and uses the Merkle Patricia Trie (MPT) as its data structure to organize on-chain data. The platform offers two core capabilities: computation and storage. It supports various machine learning and data mining algorithms, as well as data storage for diverse applications, including music and video streaming. DxChain facilitates a data trading platform where users can choose to monetize their data while maintaining privacy and security. It also provides developers with toolkits and templates to build decentralized applications (dApps), aiming for a low development barrier. The network is designed to be fully compatible with the Ethereum Virtual Machine (EVM) for smart contracts and aims to offer seamless cross-chain experiences. The co-founders of DxChain are Allan Zhang and James Li. Allan Zhang is also known for creating Trustlook AI Cybersecurity. Learn more

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