What is Proximax?

ProximaX is a blockchain-based stage initiated by the NEM.io establishment to address the essential test of an absence of an adjusted and decentralized structure for record sealing, storage, streaming content and message conveyance. The stage will join the NEM blockchain, Catapult stage and the utility token, XPX, to guarantee an eco-friendlier innovation with P2P web conventions and incorporated API-driven engineering.

ProximaX is a point-to-point Internet protocol platform designed to facilitate the integration of API-based architecture. This allows DApp developers and companies to deploy and manage their solutions more easily. The protocol aims to offer DApp developers cost-effective, fault-tolerant, multilayer, peer-to-peer services, I am including, among others, peer-to-peer storage, multimedia streaming and bandwidth, simply wonderful.

Why You Need To Use ProximaX

It is the blockchain used by ProximaX to record all actions, transactions and events that occur in any of its basic services. Recall that the blockchain allows you to store securely formed information data that is protected with encryption technology.
Sirius Chain can be used for commercial purposes, as it has the ability to use so-called "contracts" which allows real-world assets to be represented in the form of tokens in the blockchain.
There are lot of problems been encounter using the earlier blockchain such as speed, storage, transaction, streaming and many more which ProximaX has come to provide solution to. Some of the earlier blockchain are very complicated and difficult to understand due to the fact that some of their tools are not closely united and this has led to less people adopting the use of blockchain. ProximaX has come with so many opportunities that users really need to considered over other blockchain.

Sirius storage
It is a DFMS (Distributed File Management System) system that allows binary data to be stored that are protected by several owners chosen through the consensus algorithm. Each binary data is divided into fragments and are encrypted. Each storage node is identified and encouraged by the work done.

Sirius Content Review
It is another of the public services offered and this allows content managers to use review processes (based on consensus).

Sirius Database
This is only offered as a private service, and is designed for those applications that need a database. However, it can be used simultaneously with the other public services, that is, using a hybrid configuration without affecting the quality of the services.

Sirius Streaming
It is one of the basic functions of this blockchain being possible through two methods:
1-) The data is previously recorded and stored in Sirius Storage so that it can then be transmitted to the viewers.
2-) The data is transmitted live to the viewers using nodes that replicate the data flow in real time.

Supercontracts
They are executable codes that are stored in Sirius Storage. And the storage of such supercontracts is rewarded to the nodes.

How ProximaX Works

ProximaX will involve on-chain and off-chain conventions with administration layers for the advancement of increasingly decentralized administrations and applications. These decentralized applications will include on

File sharing: consistent and secure sharing of records and that between clients with no issues in regards to trust or wellbeing.

File facilitating services: the ProximaX private mode system shapes a decentralized stage for document stockpiling and sharing by customers. That is in accordance with the requirement for synchronization and association of the documents over numerous entries inside a private situation.

Content management: the Consensus convention takes into account an increasingly open stage where clients can banner, expel or report improper substance by down democratic the substance.

Content monetization: ProximaX engineers will get rewards from their substance through the bought in watchers

Security: Secure media gushing for substance watchers by utilizing the Peer Stream convention.

KYC protocol: to help secure against instances of extortion and control inside the system

ProximaX will be used in X-Game to host the electronic passports of all users, as well as to store the data of the game's characters and their elements. NEM, on the other hand, is used as a decentralized registry for Cryptaur users.

It is built on the Sirius chain to facilitate the exchange of the main currency of the platform (XPX) and the service units mentioned above. And it is designed so that the use of the main services of the platform are made without any inconvenience.

DApps In ProximaX

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.

Video proximax

References and Resources

https://www.proximax.io/