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About GXChain
- GXChain is a blockchain for the global data economy, designed to build a trusted data internet of value.
- It possesses functions including G-ID, GVM, BaaS, and Blockcity, convenient for application development.
- GXChain based DApp-Blockcity has over 2 million verified users and provides data for other DApps and strategic partners.
- GXChain launched a decentralized data marketplace and serves hundreds of Chinese enterprises.
- GXChain team independently developed its main net and launched it in June 2017.
- GXChain provides a solution for the data economy by developing multiple data modules.
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About GXChain: Empowering a New Era of Blockchain Innovation
GXChain: A Revolutionary Blockchain-Powered Data Exchange Network
GXChain is a foundational blockchain for the global data economy, designed to establish a trusted data internet of value. Leveraging the DPoS-based Graphene underlying architecture, GXChain boasts an array of features, including G-ID, GVM, BaaS, and Blockcity, which facilitate seamless application development. Notably, GXChain’s DApp, Blockcity, has reportedly amassed over two million verified users, providing valuable data to other DApps and strategic partners. Furthermore, GXChain has launched a decentralized data marketplace, serving hundreds of Chinese enterprises. The GXChain team independently developed its mainnet, which was launched in June 2017. By harnessing the power of decentralization, cryptography, and smart token design, GXChain offers a comprehensive solution for the data economy, comprising multiple data modules. The gradual realization of data uploading, storage, computation, and exchange has given rise to numerous commercialized applications. Currently, GXChain’s DApp ecosystem proudly claims a user base of 2 million verified users.
Latest Developments and Milestones
-The main chain has undergone continuous iteration: GXChain has successfully implemented a staking mechanism and revamped its voting system from one-vote multi-vote to one-token one-vote, thereby significantly enhancing the value of each vote in the public chain’s governance. -A thriving Trust Node ecosystem has taken shape, with prominent public Trust Nodes such as Huobi Pool, Binance Pool, NodeEasy, and Hillstone, a renowned South Korean investment company, participating in the Trust Node election.
GXChain Staking: Unlocking the Power of Decentralized Governance
In a “one token, one vote” system, each account is limited to voting for a maximum of three candidate nodes. Notably, each GXC token is equivalent to a single vote, and can only be allocated to one node. It is essential to note that GXC tokens participating in the voting process for public trust nodes will be locked in their respective wallets. If these assets are transferred out, it will be considered a withdrawal. The top 21 nodes with the highest accumulated ticket weights will be automatically elected as public trust nodes.
Participating in GXChain Staking: A Step-by-Step Guide
In the BlockCity Wallet, GXC holders can exercise their voting rights at public trust nodes via the BlockCity voting channel. Alternatively, users can cast their votes through the GXChain mobile wallet and PC wallet. Additionally, if an exchange supports GXChain’s public trust node voting and the user’s GXC is stored in an exchange wallet, this method can also be utilized to participate in the voting process.