It could have been easier for a camel to pass the eye of a needle than for machines to have communication tendencies. Few years ago, technocrats could have better their last funds that a car cannot ’’talk’’ to a television.
However, the story is fast changing and the world is set to have machines communicating same way humans interact over the internet. So how did this come about?
It will be recalled that current over-the-air communication model has to do with exchanging information from our smartphones. However, this is set to change as inanimate items such as cars are being empowered to have same service.
Talks of self-driven and electric cars did not just come about; they’re buoyed by Internet of Things (IoT). The concept has to do with seamless exchange and delegation of data and software to machines such as cars without having to go on physical installation.
To this end, Internet of things (IoT) is the latest in the technological timeline and the anticipated milestone will go the extra mile in creating new communication system.
WHY MXC?
It is pertinent to demystify “MXC”. Standing for machine xchange coin, the idea was to strike seamless use of data among supported machines. The plan was to make more devices have access to the internet without having to make use of current network solutions.
Data is one factor that is greatly needed across platforms. From ecommerce to social networks, there’s urgent need to have information to keep operations afloat. Hence, MXC is introducing a new model that is poised to make this information use seamless.
It will be recalled that Wi-Fi had been useful in bringing internet connectivity to the doorsteps of users. However, the scope is limited and costs are much. These and many other downsides had influenced the birthing of this unique project.
Faster Data Solutions
With decline in 4G networks in making connectivity faster and coupled by the limited scope covered by Wi-Fi, the success of IoT seems bleak. As solution, MXC is reinventing data transmission in a way that will be faster.
When placed in contrast to these and other platforms that had been into data solutions, MXC no doubt, has some spot in the market. For instance, the IOTA blockchain launched in 2015 was targeted at high-powered machines and uses directed acyclic graph protocol for operations. Though effective to some point, IOTA has longer confirmation time just as tendencies of data collision is imminent.
MXC is better solution to data transmission because of its five-second transaction speed and smart targeting of machines. To this end, it uses the machine xchange protocol (MXProtocol) in connecting the dots that will make machine interactions possible.
Machine-Generated Data
The era of humans’ manufacture of data is fast fizzling away as MXC had created a solution through the MXProtocol; a solution that allows machines create and use data. The empowerment will go the extra mile in cutting down laborious functions of humans and rather, machines will now fill in the gaps.
Data Hire
If you have been on Facebook, you must have heard of the Cambridge Analytica incident that unveiled Facebook’s use of end-users’; data without permission. This is just tip of the iceberg on how platforms exploit information and sell same for profit. MXC therefore hedges this with introduction of smart bidding. This entails that before information leaves the owner permission must be sought and such data has to be “hired” (paid for). This is applicable to both humans and machines; giving concerned parties leverage over their information with opening to monetize it.
The LPWAN Gateway
IoT might be brought to its knees in short time if there are limited networks to make machine communication possible. For this reason, MXC has in stock, the Low Power Wide Access Network (LPWAN) gateway.
This solution is far better than Wi-Fi’s limited lifespan and has reduced cost as one of its upsides. Hence, the LPWAN gateway will be medium for decentralized data transmission among machines and supported devices.
Conclusively, while technocrats are making their positions known in curating machine integration, they seemed to have overlooked how this can be transmitted. The solution offered on the blockchain by MXC is one that will not only redistribute data but will also make the costs lesser.
Machine xchange coin (MXC) in addition to its value proposals will help in making IoT’s stay worthwhile.
TOKEN SPECIFICATIONS
Ticker: MXC
Type: Utility Token
Standard: ERC-20
Platform: Ethereum
Token Supply: 2.6 billion
Soft Cap: $24 million USD
Accepted Payment: Ethereum
Registration Country: Germany
ROADMAP
MXC’s Team
PARTNERS
For more information about MXC, kindly visit:
Website: http://bit.ly/2DegGQw
Economic Whitepaper: https://www.mxc.org/hubfs/WP/MXC_economic_whitepaper.pdf?t=1540916704595
Technical whitepaper: https://www.mxc.org/hubfs/WP/MXC_technical_whitepaper.pdf?t=1540916704595
Twitter: https://twitter.com/MXCfoundation
Telegram: http://bit.ly/2ABWpBK
Writer: Crypto4ruby