Article Summary, Automatically Generated By AI
About DxChain Token
Key Points
- DxChain is a blockchain network for building web3 applications with smart contracts and cross-chain ecosystems.
- Founded in 2018 by Allan Zhang and James Li.
- Total token supply: 100,000,000,000 DX.
- Circulating supply: 43% of total tokens.
- Consensus mechanism: DPoS (Delegated Proof of Stake).
- Data structure: Merkle Patricia Trie (MPT).
- Available on exchanges: ProBit Exchange, Gate.io.
Founders
- Allan Zhang: graduated in 1999,
About DxChain Token (DX)
Introducing DxChain (DX): A Revolutionary Blockchain Solution
DxChain is a blockchain network meticulously designed to establish a web3 application platform, facilitating the seamless integration of smart contracts and cross-chain ecosystems. Since its beta launch in 2018, DxChain’s primary objective has been to develop a secure, scalable, and interoperable cross-chain ecosystem, thereby addressing practical challenges and empowering a diverse range of fields, including NFT and DeFi.
The Visionary Founders Behind DxChain
Allan Zhang, a distinguished founding member of DxChain, holds a degree in information management from Southeast University, which he earned in 1999. Notably, in 2013, he founded Trustlook AI Cybersecurity, where he currently serves as CEO. Prior to this, Mr. Zhang held esteemed positions as a senior vulnerability research engineer at Palo Alto Networks and TELUS Security Solution.
James Li, the esteemed co-founder of DxChain, boasts an impressive professional pedigree, having held esteemed positions at Lucent Technologies and nCircle Network Security. Notably, in 2013, he collaborated with Allan Zhang on the pioneering project, Trustlook AI Cybersecurity, and in 2018, they embarked on the innovative venture, DxChain.
Unveiling the Unparalleled Advantages of DxChain
DxChain aspires to establish a comprehensive cross-chain ecosystem, providing a platform that empowers developers to craft decentralized applications (dApps) with ease, offering a low barrier to entry. By furnishing tool kits and templates, the platform enables a broad user base to seamlessly adopt and initiate applications.
DxChain revolutionizes its technical architecture by decoupling the system’s built-in contracts from the interface layer, consensus layer, core layer, and application layer, thereby significantly enhancing the processing speed of contracts and facilitating the seamless flexibility of subsequent consensus upgrades.
What Is the Circulating Supply of DxChain (DX) Coins?
The total DX token supply is capped at 100 billion, with the maximum token supply yet to be disclosed as of March 2021.
Out of the total token supply, a substantial 25% was allocated to the token sale distribution, which featured exclusive bonuses for prominent investors. Furthermore, 3.85% of DX tokens were earmarked for the inaugural phase of the marketing campaign, supplemented by an additional 1.25% of tokens dispersed during the bonus marketing phase.
Around 6.25% of the total token supply was earmarked for foundational purposes,
while the development team received a total of 5% of all DX tokens as remuneration.
Notably, approximately 43% of the total minted tokens have been allocated to the circulating supply.
The DxChain Network’s Robust Security Mechanisms
DxChain leverages a Delegated Proof of Stake (DPoS) consensus mechanism to ensure the security and efficiency of on-chain transactions. Notably, DPoS diverges from traditional consensus mechanisms like Proof of Work (PoW), boasting characteristics such as democratization, low latency, and high concurrency, thereby preventing centralization and malicious usage through a voting and election process.
DxChain also employs the Merkle Patricia Trie (MPT) data structure to systematically organize and manage crucial on-chain data. This design ensures that transactions are not recorded, thereby preventing the creation of malicious blocks in the event of node data tampering.
Acquiring DxChain (DX): A Comprehensive Guide to Exchanges and Marketplaces
The DX token is listed and actively traded on prominent cryptocurrency exchanges, including ProBit Exchange and Gate.io.
Delve into the world of cryptocurrency investment and discover the intricacies of buying digital assets on the CoinMarketCap blog.
Associated Resources:
Delve into the world of Numeraire.
Delve into the world of WaykiChain and discover its innovative features.
Delve into the world of token pre-sales and uncover the intricacies of this crucial fundraising strategy at CoinMarketCap Alexandria.
Peruse the insightful articles on the CoinMarketCap blog.