ICO Review DxChain

DxChain Network is a scalable, public and extensible blockchain dedicated to big data and machine learning.

Version of the YouTube: https://www.youtube.com/watch?v=srOcPzmGqUs

Token metrics:

• Ticker: DX
• Token type: ERC20
• ICO Token Price: 1 QKC = 0.0014 USD
• Fundraising Goal: 21 500 000 USD
• Sold on pre-sale: 17 500 000 USD
• Total Tokens: 100 000 000 000
• Available for Token Sale: 22%
• Whitelist: YES
• Know Your Customer (KYC): YES
• Сan’t participate: CANADA, CHINA, CONGO, CUBA, IRAN, IRAQ, LIBYA, NEW ZEALAND, NORTH KOREA, SERBIA, SOMALIA, SOUTH SUDAN, SUDAN, SRI LANKA, TUNISIA, USA, VENEZUELA, ZIMBABWE

  The Global Plan.

The DxChain Network project is based on blocking technology and is designed to create a platform that will allow end users to use it as a resource for data exchange as a business intelligence service. The DxChain ICO network provides for the introduction of machine learning technologies and the ability to work with large amounts of data.

The main features of the project.

The project is the world’s first decentralized network, focused on processing large amounts of data and machine learning technology, created on the basis of a block chain. In other words, DxChain is an attempt to develop a platform for solving the problem of computing big data using a decentralized method.

DxChain — Provide Solutions to Big Data Problems.

Nowadays, data has become more popular than oil, so it’s no wonder that controlling your own data is important, and DxChain is going to implement it with the help of blocking technology. The DxChain network provides two main features: Calculation, Storage.Currently, only large companies have the ability to run projects to handle large tasks using large amounts of data. This requires the availability not only of expensive equipment, but also access to most of the existing consumer data. For example, Google has navigational information about who and how to use its mapping service. Google maps users do not have control over this data and can not use it. Unlike the search giant, DxChain is intended to be used as a trading platform for the purpose of data transfer to users.

Principles of Technology.

The roots of the project idea go to the Lightning Network, in which there is a second layer protocol on top of the blockbuster. Also inspired was Hadoop, a centralized platform for big data, developed by The Apache Software Foundation (where one of the team members worked earlier).The roots of the project idea go to the Lightning Network, in which there is a second layer protocol on top of the blockbuster. Also inspired was Hadoop, a centralized platform for big data, developed by The Apache Software Foundation (where one of the team members worked earlier).

• Master Chain: stores information about assets and events, such as states, transactions and contracts. The master chain uses proof of operation (PoW) to provide the highest level of security and stability.
• Data Side Chain (DSC): stores information about inactive information or metadata, which is a data set that provides information about other data and serves as a data extraction method.

• Data Model Enables Privacy Preserving — provides flexibility when extracting files on a smaller scale.
• Proof of Spacetime (PoSt) & Provable Data Possession (PDP) — used as a consensus storage protocol. The data chain uses PoSt and PDP to check processes and prevent various types of attacks that can lead to network failure.

• Provable Data Computation (PDC) — allows the network to check the accuracy of the results of calculations. This is used by the calculation calculator to verify the authenticity of the results and to reduce the prevalence of false information.
• Computation Side Chain (CSC): stores certain computational tasks performed on the DxChain platform, and is responsible for writing the corresponding computation processes, for example, whether a task can be performed or not.

Competitors?

Competitors in Data storage: Storj.

Competitors in Сalculations storage: Golem.

MVP:

DxChain MVP Alpha — “Rocky Mountains”

YouTube: https://www.youtube.com/watch?v=RvFtJrRrUv8

️‍ Team

Co-founder Allan Zhang — the founder of a fairly successful company Trustlook (the USA since 2013. 50 employees), is engaged in development in the field of security. Created an application for Android devices Antivirus Free-Mobile Security for more than 10 million downloads. User rating 4.5 points. The clients of the company are Huawei, Oppo, Qualcomm.

Wei Wang, Co-Founder & Chief Scientist — experience in various fields, including research and development of block, big data and distributed systems. Previously, he was chief scientist at AT & T and Hortonworks. He worked as a research fellow at Apixio and a researcher at Columbia University, the University of Pittsburgh and the Carnegie Mellon University. (500+ contacts on LinkedIn)

Nicole Fan. Digital marketing. He graduated from the University of Minnesota, conducts marketing research and helps create, organize and distribute marketing materials through various channels.

Claire Yu. Marketing Manager. MFA in advertising at the University of the Academy of Arts, help create and manage the community of DxChain with a new perspective and purposeful attitude.

James Lee, co-founder — experience in the design and architecture of the block systems. More than 10 years of experience in the field of network security. Previously, he was the manager of the mobile department of Trustlook, the main security engineers of nCircle Network Security, and the senior software developer at Lucent Technologies. (328 contacts on LinkedIn).

Daniel Dai. Block chain researcher. Candidate of Computer Science at the University of Central Florida. More than 10 years of experience in distributed systems, security and large data. Member of the PMC (project manager) Apache Pig / Hive. Member of the Apache Software Foundation.

Sunny He. Investor Relations and BD. Partner of CKCIC; Global Account Manager for China Telecom Americas; Columbia University MIA.

Chaowen Li. Public Relations. Influential writer with 9 years experience in tech reporting and PR. Former chief writer of CBN Weekly and Bloomberg Businessweek China, and senior journalist of Jiemian in silicon valley office.

Taosheng Shi, Blockchain Engineer — more than 10 years of experience in research and development of distributed systems. Previously, he worked in NOKIA as an innovation manager for 5 years. (76 contacts on LinkedIn).

Eric Wang. Full Stack Engineer. Former software engineer at Google. An experienced web application developer with a full stack and knowledge of AI domains.

Li Lu, Blockchain Researcher — more than 10 years of experience in the field of distributed systems and big data. Previously, he was a design engineer at LaiOffer, a platform for education on the Internet. He worked in various positions in the Apache Software Foundation, Hortonworks, Google and Microsoft. (500+ contacts on LinkedIn, 3 publications).

Maizie Feng. Product and Community Manager. Former senior product manager in Tencent and Xunlei, with a combined experience and experience in product development, operation and community development.

‍ Advisors

Yan Gong. Professor of CEIBS.

Kevin Hsu. Founder of BlockVC.

Leo Wang is a partner of the PreAngel Partners foundation (investments of about $ 100 million all in Chinese companies, mostly Internet games).

Fan Zhang — adviser Iotex, Boosto. Previously he worked as a key partner in Sequoia Capital China and director of DFJ ePlanet Ventures. Included in the rating of Forbes as one of the leading venture capitalists in the annual list of Midas in China.

Investors:

Node capital (aelf, fortuna, gifto), Signum capital (Traceto, Fantom, Libra, Eximchain, Quarkchain, Sentinel, Rate3 and so on), DFund (invested in Libra), Block VC (gifto, medicalchain, republic, zipper, iotex, NKN, odyssey, slrumble), Fenbushi Digital and a lot of other less known ones — many of them crypto funds.

⌚Roadmap

· Launch of the Master / DSC test network;

· The release of the beta version of the API / SDK / library;

· Preliminary demonstration of the purse.

· Initial start of Master / Data network;

· Publication of the API / SDK / library in the public domain;

· Release of the finished version of the wallet.

· Completion of the data processing model for launching the DSC;

· Preliminary presentation of DVM.

· Beta version of DVM;

· Preliminary release of CSC.

· Completion of work on Master / CSC / DSC.

Conclusions

Although the authors of the DxChain project have many competitors, the structure of the proposed platform is innovative, in contrast to other relevant concepts. This can be a breakthrough, allowing block chains to get more opportunities for data collection and application of machine learning technologies.The project has already been supported by a large number of venture investors, which can lay the foundation for the development of strategic partnerships.Despite the rather complex and rich description of the project in the technical documentation, which contains a huge amount of work, the authors of the idea intend to provide a viable version of the platform in the fourth quarter of 2019.

TO THE MOON!

https://t.me/DxChainBot?start=bmpmas-bmpmas

Website: https://www.dxchain.com

Whitepaper: https://docsend.com/view/8w3fman

News: https://www.dxchain.com/news/