DxChain Token DX White Paper

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Hello and welcome to this blog post about DxChain Token DX White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the DxChain Token DX white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the DxChain Token (DX).

I can ensue you that, you will be able to understand every bits and pieces related to DxChain Token (DX) after going through the DxChain Token DX white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

DxChain Token DX White Paper

DxChain Token DX white paper will be going to provide you, all the information that is needed to get started with DxChain Token (DX), including the inspiration for creating, the problem it is trying to solve and the solution proposed by DxChain Token (DX).

Abstract

“ 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.

This White Paper introduces the DxChain Network, a decentralised big data and machine learning network, powered by a computing-centric blockchain with four major innovations:

• A new decentralised computing framework to introduce Probable Data Computing and verification game;

• A new chains-on-chain design to orchestrate a master chain and two side chains—Data Side Chain and Computing Side Chain;

• Incorporate Hadoop to DxChain Network to facilitate big data and machine learning;

• Flexible and powerful DxChain Network-based system architecture dedicatedly designed to support most business data exchange and data analytics requirements.”

White Paper Link: DxChain Token DX White Paper

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