Cryptocurrencies also called “Digital Assets/Currencies have been here for a decade. There has however been a decline in the number of persons that are using these currencies. That is partly because of the limited resources and educational materials that could have educated prospective investors. It is mainly because of the skepticism of potential investors concerning the future of those currencies.
Having said that, the GX Blocks platform wants to be the medium through which more persons will become involved in the burgeoning digital currency industry. The idea herein is to create educational materials, as well as other important tools that will help drive the needed adoption of cryptocurrencies and other digital assets/currencies.
All-in-One Blockchain Platform
At the core of what GX Blocks has in store for the blockchain community is the creation of an inclusive platform where all transactions relating to blockchain and digital currencies will be facilitated.
In this unified ecosystem, this platform (GX Blocks) looks at how to integrate the relevant components that will help drive the cause for more inclusiveness and use of blockchain technology and the underlying assets – digital assets/currencies.
What Makes GX Blocks Tick?
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Of course, this wouldn’t be the first project that promises to decentralize blockchain transactions the more. It will neither be the first platform that is looking at creating an inclusive system for cryptocurrency users.
That notwithstanding, the most evident thing is that GX Blocks has some features and components that make it one of the best platforms for unifying the blockchain community.
Below are some of the components and the working architecture that GX Blocks is delegating to create the all-in-one blockchain platform:
Mobile Mining Units
Worthy of note is that mining cryptocurrencies aren't something that can be completed without breaking a bank. Despite the fact that the financial standing of the crypto mining industry is running into billions of dollars, the glaring fact is that only a few of that income goes to the industry in the end.
It is mainly because a greater part of the profits generated from cryptocurrency mining is used to settle the energy costs. That is what GX Blocks is looking to change here by introducing mobile mining units.
By deploying the Autonomous Grid, GX Blocks will enable the construction and deployment of mobile mining architecture directly to the sources.
The benefits of the mobile mining units, as created by GX Blocks are many. However, I will explain a few:
Energy Efficiency
The efficiency of the energy that comes via the mobile mining unit deployment will not only be easier to deploy. It will also provide maximum efficiency, which is highly needed now that cryptocurrency mining activities are burgeoning.
Lower Infrastructural Costs
The major reason why GX Blocks opted for mobile mining is that it wants to reduce the higher costs that traditional crypto mining models charge.
In the case of the mobile mining factor we have here, the consideration is on how to reduce the costs by using green energy. At the same time, the costs of delegating and maintaining energy will be lower too.
Multi-Signature Wallets
Digital wallets are the best place to store your digital currencies. Considering your interest in many cryptocurrencies, it may be difficult for you to determine the number of digital wallets you need to download for storing the currencies.
To that end, having a unified medium for doing that is the best way to go about it. That informs the reason why GX Blocks offers you multi-signature wallets that can be used to store as many cryptocurrencies and digital currencies you want.
Ideally, what the multi-signature wallets do is that they allow you to store popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. In addition, you can also store other cryptocurrencies/digital assets like alternative coins and crypto tokens.
By and large, you are confident that the security of the digital currencies stored therein is guaranteed.
Built-in Exchange
It must be mentioned that another reason why GX Blocks is one of the most innovative cryptocurrency platforms that aims at positioning the industry for massive adoption is the built-in exchange.
The essence of this cryptocurrency exchange built into the platform is that it helps the users to trade and buy the cryptocurrencies and digital assets that they are interested in.
Furthermore, that saves you more costs and simplifies the process of converting from one digital currency to another.
Borderless Payments
Cross-border payments are also included in the advantages that set GX Blocks apart from the other competing cryptocurrency inclusive-focused platforms.
Moreover, the implication of the borderless payments herein is that it allows the users to enjoy the borderless payments. Already, GX Blocks delegates the Interledger Protocol, which helps in facilitating low-cost, instant, and reliable withdrawals in the cryptosystem it creates.
Flexible Portfolio Management
Investing in digital currencies is one side of the coin. Knowing how to trade them is another. The most important is having an excellent grasp of how to manage your portfolio.
You needn’t bother about that because GX Blocks makes it easy for you to have full control over your assets. That is evident in the smart portfolio management options that it offers.
You will like the smart metering and smart recording tools that help you in having real-time access and statistics of the GX Blocks (GXB) Pool.
Transparency
The transparency of transactions and other activities in a cryptocurrency ecosystem has to be held in high esteem.
It is only when such is in place that it becomes easier for cryptocurrency investors to determine if the transactions there are taking the best route.
For that reason, GX Blocks already has the smart contracts written in the R3 Cordapp. It is via this medium that it becomes easier for the smart contract to facilitate the provision of proof and transparency to the users of the purchased assets.
That is not leaving out the fact that the transparency of the platform (GX Blocks) is further bolstered by the delegation on Open Source Distributed Ledger Technology (DLTs), such as Ripple, R3 Corda, and Interledger.
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Final Words
More persons are set to start using blockchain technology and the underlying asset (cryptocurrencies) now that GX Blocks has taken it upon itself to provide a secure and simple way for cryptocurrency enthusiasts to get fully involved
Userful links
Website : https://gxblocks.com/
PreSale : https://gxblocks.net/collections/gx-blocks-contracts
Whitepaper : https://gxblocks.com/wp-content/uploads/2020/06/GX_Blocks_Platform_Q2_2020-1.pdf
Facebook : https://www.facebook.com/gxblocks/
Twitter : https://twitter.com/GxBlocks
Telegram : https://t.me/gxblock
Medium : https://medium.com/@gxblocks
Reddit : https://www.reddit.com/user/GxBlocks/
Linkedin : https://www.linkedin.com/company/26270450
AUTHORS INFORMATION
Bitcointalk Username : chicky213
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2315939