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About Polymesh
Key Points:
- Polymesh is an institutional-grade permissioned blockchain for regulated assets.
- POLYX is the native protocol token used for staking, transaction fees, and governance.
- Polymesh integrates financial primitives, enabling decentralized applications (dApps) and tackling concerns like rule enforcement and data privacy.
Founders:
- Chris Housser (Head of Strategy)
- Adam Dossa (Head of Blockchain)
- Graeme Moore (Head of Tokenization)
- William Vaz-Jones (Head of Partnership Development)
- Robert Jakabosky
About Polymath’s Polymesh
Introducing Polymesh (POLYX): A Revolutionary Blockchain Network
Polymesh is a bespoke, institutional-grade permissioned blockchain, meticulously designed to cater to the unique demands of regulated assets. By overcoming the limitations of traditional infrastructure, it unlocks the potential for innovative financial instruments, effectively addressing the pressing concerns of governance, identity, compliance, confidentiality, and settlement. POLYX, the native protocol token, plays a pivotal role in the Polymesh ecosystem, facilitating network security through staking, transaction fee payment, and participatory governance.
Polymesh seamlessly integrates built-in financial primitives, empowering users to operate on the blockchain with minimal, fixed costs. Furthermore, it enables developers to craft decentralized applications (dApps) on the platform with ease. Notably, Polymesh is designed to effectively address critical concerns, including rule enforcement, identity verification, regulatory compliance, data privacy, and transaction finalization, thereby fostering a secure and reliable ecosystem.
As outlined in Polymesh’s whitepaper, the project successfully addresses the shortcomings inherent in Ethereum and other general-purpose blockchains, thereby removing the barriers that have hindered the widespread adoption of security tokens by industries and institutions.
The Visionary Founders Behind Polymesh
The Polymesh Association’s core team is comprised of esteemed professionals, including Chris Housser, who spearheads strategy, Adam Dossa, the blockchain visionary, Graeme Moore, the tokenization expert, William Vaz-Jones, who fosters partnership development, Robert Jakabosky, a pioneer in applied blockchain research, Francis O’Brien, the developer relations guru, and Nick Cafaro, the product innovator.
Unveiling the Unparalleled Attributes of Polymesh
Polymesh prioritizes regulated assets, harnessing its expertise in the ERC-1400 standard for security tokens, as proposed by Polymath, to strike a delicate balance between unfettered global accessibility and stringent regulatory compliance.
In Polymesh, blockchain interactions are facilitated through identities, which provide a more robust and secure framework compared to traditional public key systems prevalent in other blockchain networks. These identities are endowed with universal permissions, thereby granting authorized entities unfettered access across the Polymesh ecosystem.
The blockchain’s architectural framework facilitates the secure and tamper-proof transfer of security tokens, thereby eliminating the necessity for third-party verification of ownership information, effectively bridging the information gap between token holders and issuers.
Polymesh also ensures the confidentiality of token holders’ identities during voting processes, while harnessing the transparency of the public blockchain to facilitate its ‘Corporate Governance’ feature. This dual approach mitigates the risk of manipulation, guaranteeing fair and tamper-evident voting outcomes.
Beyond security tokens, Polymesh also broadens its scope to encompass stablecoins.
These stablecoins, issued by reputable and well-capitalized third-party entities,
can be pegged to a diverse range of currencies, thereby facilitating cost-effective on-chain transactions
and efficient cash distributions, all while ensuring seamless operations.
Polymesh (POLYX) Coin Circulation: Understanding the Total Supply
As outlined in Polymath’s whitepaper, the ERC20 token, POLY, boasts a total supply of 1 billion tokens. Although it is anticipated that the majority of POLY will undergo conversion to POLYX, the overall supply of POLYX will not be capped by a fixed or predetermined upper limit. Instead, the supply of POLYX will incrementally increase over time, primarily to fund block rewards and support the Proof-of-Stake consensus mechanism that underpins Polymesh.
POLYX boasts a total token supply of 796,445,050, with a circulating supply of 668,429,821 POLYX tokens.
The Polymesh Network’s Robust Security Framework: A Comprehensive Overview
Polymesh leverages a nominated proof-of-stake consensus mechanism, fostering a collaborative environment where node operators and stakers work in tandem to shape the chain’s trajectory. By aligning the economic interests of both parties through a system of rewards and penalties denominated in POLYX, staking ensures the network’s security and integrity.
The mechanism dictates the addition of blocks to the chain, while also governing roles, rules, and incentives. Verified POLYX holders, referred to as stakers, pledge their POLYX to support their preferred node operators, with both parties receiving rewards or penalties contingent upon the node operator’s performance in maintaining their node and adhering to Polymesh regulations.
Acquiring Polymesh (POLYX): A Comprehensive Guide to Exchanges and Marketplaces
POLYX is readily available for purchase on a diverse range of prominent centralized exchanges, including Binance, Huobi, Crypto.com, Upbit, Gate.io, and many others.
Stay up-to-date with real-time POLYX price movements at your fingertips with the CMC mobile app.
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