GXChain

GXChain

GXChain is a blockchain-based data exchange platform.

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Edits on 26 February, 2019
Dawson Sewell
Dawson Sewell edited on 26 February, 2019 7:14 pm
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GXChain

GXGXChain is a blockchain-based data exchange platform.

Article

GXChain is a blockchain-based online marketplace for file storage and personal data that launched in September 2017. The platform validates the real identity of its users and allows them to securely store and a manage their data. GXChain uses a Delegated Proof-of-Stake (DPoS) consensus mechanism and uses their own native cryptocurrency called GXC to power their data marketplace.

...

GXChain provides its users with a unique general identity (G-ID) which functions as a method of letting users interact with various blockchain-based decentralized applications while maintaining ownership of their data. Users authorize what data they want GXChain to store for them. User data is asymmetrically encrypted and stored on the GXChain sidechain because GXChain does not cache any user data. All data-key information is stored at the local level and cannot be accessed by other users on the GXChain network.

Governance

The on-chain governance of GXChain has three utilities which include on-chain proposals, on-chain voting, and TrustNode maintenance. On-chain proposals consume GXC and are made by GXChain committee members. For committee members to approve a proposal they are required to use GXC as a payment. On-Chain voting uses GXC as a ballot for the election of TrustNodes and policy committee members. TrustNode maintenance requires the consumption of GXC when they are changing or created. For off-chain governance GXChain offers developers and general GXChain users GXC as a reward for participating in GXChain community development.

GXC Distribution

Figure 9 taken from the GXChain white paper.

The following table describes how GXC is distributed:

Ratio (%)
Distribution
Details

4

TrustNode rewards

Used to incentivize TrustNodes

5

Blockcity mining pool

Used to incentive the use of the Blockcity decentralized application for users to authorize and validate their data

6

Marketing

Used for community operation, global press releases, and broadcasts

10

Early investors

Distributed to Early investors in GXChain

10

GXChain ecosystem

Used for the development and construction of the GXChain data ecosystem (community growth, Hackathons, competitions, conferences)

10

Operations

Used for daily operations, partial employee salary, and accounting fees.

21

Founding developers

Distributed as a bonus for the founding developers of GXChain

24.51

Token sale

Held in March 2017 and distributed to public investors

Further reading

Title
Author
Link
Type

China Government Takes Sudden Interest In GXChain | Crypto Briefing

Andrew Ancheta

Web

Edits on 25 February, 2019
Dawson Sewell
Dawson Sewell edited on 25 February, 2019 11:44 pm
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People

Name
Role
Related Golden topics

Cheng Wang

Co-Founder and CTO

Diwu Ye

Server Development Engineer

Dongming Shen

Server Development Engineer

Jessie Fan

COO

Jun Yao

Server Development Engineer

Junjie Zhang

Blockchain Development Engineer

Lei Xu

Blockchain Development Engineer

Liyu Wu

Product Manager

MQ Huang

C0-Founder and CEO

Shuang Guo

North America Community Manager

Further reading

Title
Author
Link
Type

WhitePaper A Trusted Data Internet of Value

GXChain

Academic

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Jed Christiansen"Approved suggestion from source: https://www.gxb.io/en/"
Jed Christiansen approved a suggestion from Golden's AI on 25 February, 2019 9:30 pm
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Edits on 12 February, 2019
Dawson Sewell
Dawson Sewell edited on 12 February, 2019 9:16 pm
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Dawson Sewell
Dawson Sewell edited on 12 February, 2019 9:15 pm
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Dawson Sewell
Dawson Sewell edited on 12 February, 2019 9:14 pm
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Dawson Sewell
Dawson Sewell edited on 12 February, 2019 9:12 pm
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Topic thumbnail

GXChain

GX is a blockchain-based data exchange platform.

Article

Further reading

Title
Author
Link
Type

What is GXChain - An Ultimate Guide on GXS crypto

Coinswitch

Web

What Is GXChain?

WeUseCoins

Web

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Dawson Sewell"Initial topic creation"
Dawson Sewell created this topic on 12 February, 2019 9:06 pm
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 GXChain

GXChain is a blockchain-based data exchange platform.

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