What is ProximaX?

ProximaX is a decentralized technology which is assembled to provides a medium for users to power up their own social interface through the use of the next generation integrated and Distributed ledger Technology known as ProximaX Sirius which is been powered by blockchain technology.

The ProximaX platform creates a vast network comprising of series of nodes which have been engineered to perform various tasks on the chain. Each nodes function based on an algorithmic sequence which makes it possible for them to function independently. All these are embedded in a fully accessible Application Programming Interface (API) enabling developers have full access to vital Software Development kits (SDKs) on the chain. Now, DApps developers can enjoy flexibility like it has never been done on the Blockchain-sphere, with a wide range of use cases to explore on the Sirius Chain.

Proximax's Technologies

The Sirius Chain being an updated or improved copy of one of the industry's tested and proven networks, NEM's Catapult, guarantees users of the scalability of the Sirius chain and its speed of handling transactions.No new technological know-how is needed. The supercontracts on Proximax's Sirius chain can be written on any of the mainstream languages as mentioned above. This allows a developer to directly start development with his language strength from the available compatible languages - eliminating the time taken to learn a new language and the mistakes that come with reinventing the wheel.The combination of Proximax's technologies moves developers closer to their dream of utmost flexibility in tools, resources, and language compatibility. All the services a dapp or an app will need, Proximax has made available. its extended nature allows it to be compatible with further technological advancements required for dapp or app development.Proximax's supercontracts allows for easy debugging and control hence facilitates the development of the dapps or apps or both.Considering that the platform has both data storage and streaming technologies, developers can utilize the platform to create applications of any kind, for a specific use case, with or without the use of blockchain properties.Proximax's ensures end-consumers receive fair services by combining to the Proof of Stake consensus algorithm, with its novel Proof of Greed Algorithm. Developers can be sure that transactions in their dapps occur with the minimum transaction fee possible as the network takes care of this for the developer.It provides a fair, anonymous and economical way of streaming data with guaranteed up-time as both the streaming and storage nodes for the live and storage streaming services are fully decentralized. Down-time and unnecessary cost that arises from central models are eliminated.The consensus algorithm chosen by Proximax makes the network economically efficient as minimal hardware resource is required. This lowers the barrier of the network hence allowing for a large number of nodes to handle whatever application load developers place on it - maximizing its global scalability.Developers have a platform with Proximax to carry out crowdfunding, to take their ideas off the ground.Developers have the tools required to create an economy around applications built by them on Proximax. Proximax also gives them the leisure to customize unique properties to their built economy.

Why You Need To Use ProximaX

ProximaX make use of sirius chain to distribute storage file which is done through the Distributed File Management System(DFMS). DFMS will first encrypt the data, that is, it will first change it's form and divide it into smaller units before been stored on the storage nodes in agreement with the sirius chain. P2P decentralised cloud storage network is very important in the sense that files is always available and also allows costumers to access their content even when they are offline to mention little of it's importance.

ProximaX also make use of the PeerStream Protocol(PSP) for real-time streaming and also make sure users privacy is secured. The PSP is a private routing protocol which is different from onion and 12P routing and it also has it's advantages such as allowing content creator to stream their content without an agent acting as a mediator. It also allow the user to a proclaim their status privately without revealing their IP address.

ProximaX also gives room for decentralized applications such as file hosting which will help user to harmonize and arrange their files over multiple device in a safe environment. ProximaX also allow users to share their files even without any issue of reliance because it enables them to know where their file is being used. With proximaX, developers will now have the capability to design various DApps for content creators and they will also be rewarded by ProximaX consensus protocol whenever their content is being view by other people. ProximaX also comes with a feature called Know Your Costumer(KYC) which will helps to prevent online fraud which seems to be a major problem of decentralize system.

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More information & resources

proximax.io/
ProximaX WhitePaper