DxChain Token update: DX Live price, price chart, news and markets

DxChain Token

$0.00003318

17.61%

Rank #1447 | Category

altcoin

erc-20

Market Cap

$3,152,447

Fully Diluted Market Cap

$3,318,366

Volume

$4,489

DxChain Token Price Chart Update [DX]

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DxChain Token Price Update Today

The DX price update as of now is $0.00003318. In the previous 24 hours, its trading volume was $4,489, and its value has increased by 17.61%. As of now, DX's live market cap is $3,152,447, and it is ranked as the #1447 on the Coincu. DX has a circulating supply of 100,000,000,000 and a maximum supply of 100,000,000,000.

About DxChain Token

What Is DxChain Token?

DxChain Token is a blockchain network designed to facilitate big data processing and machine learning. It was beta-launched in 2018 with the main goal of enabling users to securely exchange large datasets and potentially benefit from improved analytics based on this data.

The generation of DX tokens is based on the value and quality of data users submit through the platform.

With decentralized data storage, DxChain Token offers a secure environment for performing machine learning experiments and tests. The use of blockchain technology also provides increased computational power for machine learning and big data processing.

Who Are the Founders of DxChain Token?

Allan Zhang is one of the founding members of DxChain Token. He graduated in information management from Southeast University in 1999. In 2013, Zhang created Trustlook AI Cybersecurity, where he currently serves as CEO. Mr. Zhang also has experience as a senior vulnerability research engineer at Palo Alto Networks and TELUS Security Solution.

James Li is the other co-founder of DxChain Token. Li has held positions at Lucent Technologies and nCircle Network Security. In 2013, he joined Allan Zhang in his project Trustlook AI Cybersecurity, and later in 2018, they started working on DxChain Token.

What Makes DxChain Token Unique?

DxChain Token is a blockchain platform that allows data scientists to securely store and exchange large amounts of sensitive data. Due to blockchain's inherent security and fraud prevention measures, DxChain Token provides one of the most secure interfaces for data scientists to work with, send, and receive data sets.

Designed as a data trading platform, DxChain Token enables users to share confidential data sets without concerns of leaks or unauthorized distribution. Additionally, the computational bandwidth offered by DxChain Token makes it easier for data scientists to work with the data sets they purchase through the platform. In this sense, DxChain Token is an all-in-one data science tool that allows users to acquire and manipulate large data sets.

The founding team has also ensured complete decentralization of the process, eliminating the possibility of third-party access to the data shared on the DxChain Token platform.

How Many DxChain Token Coins Are There in Circulation?

The total DX token supply is 100,000,000,000, while the max token supply has not been announced as of March 2021.

Of the total token supply, more than 25% was dedicated to the token sale distribution, which included bonuses for prominent investors. Another 3.85% of DX tokens were allocated to phase one of the marketing campaign, with an additional 1.25% of tokens distributed during the bonus marketing phase.

Around 6.25% of the total token supply was set aside for foundational use, while the team members were remunerated with a total of 5% of all DX tokens. Approximately 43% of all minted tokens are available as circulating supply.

How Is the DxChain Token Network Secured?

The DxChain Token network utilizes several levels of consensus compatibility. Its chain-on-chain architecture relies on a proof-of-spacetime (PoSt) consensus mechanism to secure data storage. Additionally, the platform employs provable data possession (PDP) to enable users to migrate data from unsecured servers to the DxChain Token network.

Unlike traditional consensus mechanisms like proof-of-work (PoW) and proof-of-stake (PoS), DxChain Token diversifies its security with the PoSt consensus mechanism to safeguard its cloud-computing capabilities. PoSt verifies blocks by ensuring that users are still storing the declared data on the blockchain, and it also allows users to validate their usage of storage space on the blockchain over an extended period of time.