What Is DxChain (DX)?
DxChain is a blockchain network designed to build a web3 application platform that supports smart contracts and cross-chain ecosystems. Beta-launched in 2018, DxChain’s main goal is to develop a secure and scalable cross-chain ecosystem and solve practical problems to empower NFT, DeFi and other fields.
Who Are the Founders of DxChain?
Allan Zhang is one of the founding members of DxChain. He graduated in information management from Southeast University in 1999. In 2013 Zhang created Trustlook AI Cybersecurity, where he still serves as CEO. Mr. Zhang was also part of Palo Alto Networks and TELUS Security Solution as a senior vulnerability research engineer.
James Li is the other co-founder of DxChain. Li has held positions at Lucent Technologies and nCircle Network Security. In 2013, he joined Allan Zhang in his project Trustlook AI Cybersecurity and in 2018 they started working on DxChain.
What Makes DxChain Unique?
DxChain aims to build a cross-chain ecosystem and tend to provide a platform allows developers to build dapps with low threshold by providing tool kits and templates so that most of the users can easily apply and initiate an application.
DxChain reconstructs the technical architecture by separating built-in contracts of the system from the interface layer, consensus layer, core layer, application layer, etc., can better ensuring the processing speed of contracts and facilitating the flexibility of subsequent consensus upgrades.
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How Many DxChain (DX) Coins Are There in Circulation?
The total DX token supply is 100,000,000,000, while the max token supply has not been announced as of March 2021.
Of the total token supply, more than 25% was dedicated to the token sale distribution. This sale event included bonuses for prominent investors. Another 3.85% of DX tokens were dedicated to phase one of the marketing campaign, with an additional 1.25% of tokens distributed during the bonus marketing phase.
Around 6.25% of the total token supply was set aside for foundational use, while team members were remunerated with a total of 5% of all DX tokens. About 43% of all minted tokens have been made available as circulating supply.
How Is the DxChain Network Secured?
DxChain relies on a DPoS consensus mechanism to secure transaction and effiency of on-chain activities. Unlike traditionally popular consensus mechanisms like proof-of-work (PoW), DPoS has the characteristics of democratization, low latency, and high concurrency, preventing DxChain from centralization and malicious usage by voting and election process.
DxChain also uses the Merkle Patricia Trie (MPT) as the data structure, used to organize and manage important on-chain data. Transactions will not be recorded to prevent the generation of malicious blocks if the node data has been maliciously tampered.
Where Can You Buy DxChain (DX)?
DX token can be traded on the following exchanges:
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