DxChain Network. Today we are facing a new project of the Blockchain Project, which plans to provide many solutions to big data problems, the network aims to be the first in the world to provide data decentralization and automated learning supported by the block chain, the project , the working group, the expected roadmap and provide a conclusion about the success of the project.
What is the DxChain network?
DxChain develops a large decentralized data network and an automated learning network.
The project is based on the premise that the data is valuable and that the data creators should be able to appropriate their data and benefit from it. The team aims to address the main data problems, such as privacy, property and security, and at the same time support business intelligence applications and automated learning.
Through DxChain’s decentralized data exchange system, users will be able to own and control their data, and manage and analyze data in a secure manner. With distributed and multi-contract storage technology, the cost of data recovery and storage will also be significantly reduced.
DxChain is based on a chain structure in the chain that includes a master chain and side chains. The structure is designed as such to solve many problems related to data storage, storage and privacy. This will be difficult to do simultaneously with only one series.
The idea of the structure is inspired by the Lightning network, which is characterized by a second layer blockchain protocol on the top of the plate. He was also inspired by Hadoop, a large centralized data platform developed by the Apache Software Foundation (a former member of the team).
The three chains on the DxChain platform are responsible for storing different information:
Master Chain: stores information about assets and events, such as commands, transactions, receipts and contracts. The main work test chain (PoW) is used to provide the highest level of safety and stability.
Data Side Chain (DSC) stores information other than assets, or metadata, a data set that provides information about other data and serves as a way to recover storage.
Side chain of computation (CSC): stores the specific computer tasks that run on the DxChain platform and is responsible for recording account matching processes, such as if a particular task can be completed.
How advanced is the project?
The DxChain network is still in the process of working with the MVP that is currently set to launch sometime in July. According to the Director of Technology, Wei Wang, the series of tests can be launched in the coming months can launch its official network early next year.
Trustlook, an AI-based security company founded by one of the founders, will be the first application in DxChain.
Opportunities
Concerns about ownership and privacy of data are widespread throughout the world. The recent EU GDP legislation shows how serious the problem is for people and governments about the collection and legitimate use of personal data.
If the team succeeds in decentralizing Hadoop, a solution for archiving and accounting, we believe it offers great potential.
The team has a solid technical background and relevant practical experience in the areas of large data, distributed systems, blockchain and network security.
Interests
The Spacetime guide is a new concept and is currently not used in blockchain. It is not clear if this concept will work in the end.
Although POST does not require expensive mining devices, there is a concern that a wealthy player, such as a manufacturer or a profitable state, can use a lot of storage and register in most of the blocks.
Many of the key team members remain in Trustlook. We are not sure how they will allocate their time between projects.
Conclusion
Short term: good. The project has an average market awareness but with a strong team, good idea and symbolic standards. With the support of many investors, we believe that the project can be quoted on an appropriate stock exchange.
Note that the project allocates 44% of the maximum collective coverage, which is relatively high among modern ICOs. It is refreshing to see that the public can have a broader participation in the project.
Long-term: neutral. The project is very ambitious and focuses on data storage and computing, in addition to the migration of Hadoop to a decentralized environment. It also aims to provide the largest storage space in the world
If the project can achieve its vision, there can be enormous potential and many dApps can benefit from DxChain.
On the other hand, although the team is impressive, so far there is not much work to publish publicly. We will closely analyze the MVP that is scheduled to be launched in the near future.
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DxChain Website: https://www.dxchain.com/