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GXShares (cryptocurrency)

GXShares (cryptocurrency)

GXShares, also known as Gongxinbao (GXB), is a decentralized, blockchain technology used for reliable and fast digital transactions.

GXShares is a decentralized, blockchain technology used for reliable and fast digital transactions that is the native cryptocurrency for the Gongxinbao (GXB) platform. All GXShares are issued by the GXS Foundation Ltd that is headquartered in Singapore and is governed by the Chinese firm Hangzhou Credit Data Technology Co., Ltd. The GXShares enterprise-level application works for different industries such as insurance, lending agencies, consumer loan companies and banks. GXShares uses a Proof-of-Credit Shares consensus algorithm which is made to help consensus for data exchanges. All GXShares can be stored on the platforms official GXS cryptocurrency wallet.



GXB Data Exchange, a universal data exchange platform and an alliance chain based on the blockchain technology. It uses GXB Coin for data transactions at the GXB Data Exchange. The coin's price is permanently fixed and its exchange rate to CNY is set at 1:1.



GXShares is meant to be used by customers which include companies or organizations requiring data exchanges such as government organizations, internet financial enterprises, insurance companies, banks, and telecommunication companies. 



Timeline

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Further reading

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Blockchain-based Decentralized Data Exchange Overall Plan for ICO

Hangzhou Credit Data Technology Co., Ltd.





GXB Blockchain White Paper

Hangzhou Credit Data Technology Co., Ltd.





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