INTRODUCTION
DEXON is the latest distributed ledger technology that solves the “trilemma” of current blockchain technology: decentralization, security, and scalability. Unlike popular blockchain systems hamstrung by high latency, security threats, or mining centralization issues, DEXON solves the infamous blockchain trilemma of decentralization, security, and scalability to accelerate the mass adoption of this technology. Through cutting-edge protocols DEXON provides a high-performance and reliable infrastructure for DApps that can be applied across various industries : smart payments, gaming, music, and assets exchange services.
DEXON Launched in 2018 by Popo Chen, co-founder of 17 Media, and Wei-Ning Huang, former Senior Engineer at Google Taiwan, DEXON is the fastest blockchain in existence that empowers real-world blockchain applications. This novel blockchain technology serves as a highly scalable, low-latency, secure, and reliable decentralized processing engine. In addition, DEXON is the ultimate platform for developing DApps, as its Turing complete programming language allows developers to create and deploy DApps with ease, accelerating the mass adoption of blockchain technology.
To learn more about DEXON please visit https://dexon.org
DEXON INOVATIONS AND FEATURES
One of us can ask what makes DEXON is better when compared to Bitcoin for example. Well, Let's see !!
As we have knowed blockchain is evolving every day, and with innovations like DEXON, mass adoption might not be far away. They solved many problems by creating the blocklattice to create several chains simultaneously without completing block one by one.
If we compare Dexon with Bitcoin,We can see Bitcoin can only perform around seven transactions per second, and it takes a while for the miners to approve the transactions as well. The bigger the network gets, the more expensive the fees will be. Since Bitcoin build its blockchain block by block, it can not scale effectively. DEXON have solved this problem by reaching consensus with the revolutionised technology, blocklattice. The technology can be viewed as several blockchains working together. Since they work parallel, they can grow thousands of chains simultaneously and eventually grow them together into one chain.
What’s DEXON Features ? The answer lies in the core consensus mechanism of DEXON.
1.DECENTRALIZATION
DEXON uses a VRF-based sortation algorithm to select the block producers. blocks are validated by a set of DXN holders chosen at random every hour using cryptographic sortition.This allows DEXON to be a completely decentralized ecosystem without compromising on scalability.
2.SECURITY
DEXON uses a ‘partition-resistant Byzantine agreement’ which means even if a part of the network goes down, the consensus still holds true and the network will function as a whole once the network is up again. The algorithm that is used for consensus has been mathematically tested and proved to be secure preventing attacks by any Byzantine nodes.
3.SCALABILITY
DEXON is a high-throughput blockchain that uses a ‘responsive Byzantine agreement’ that has proven to support at least 10,000 transactions per second on the testnet. Here the block confirmation time is very low because the validators start talking to each other and do not wait for the whole network which delays the block confirmation time and hence delays the transaction being processed. Every transaction is bound to be processed within one second.
4.LOW TRANSACTION COST
DEXON’s consensus algorithm does not depend on Proof of Work puzzles and is much more efficient and environmentally friendly without compromising on either decentralization or security. Estimated transaction fees will be negligible and projected to be lower than $0.001.
CONSULSION
DEXON has designed a perfectly balanced platform keeping in mind the core values of the crypto community. This decentralized, scalable, secure platform will be one of the top crypto projects to watch out for in 2019.
DEXON BUSINESS EXPANTIONS
To Improve innovative and brand promise to construct a globally accessible and reliable blockchain network. DEXON’s announced their Mainet. The release of DEXON’s mainet comes after six months of successfully operating a global test network, which already surpasses existing blockchain systems with 12,000 Transactions per Second (TPS) on a single shard and fast finality within 1 second. Beside launch their mainet,DEXON also creat cooperation with Gemstra, simplyBrand, Ledger, and KHAM.
Gemstra: The promising blockchain-integrated ecosystem nurturing influencer and KOL commerce migrates away from Ethereum onto DEXON, which provides remarkable scalability and high efficiency to support Gemstra’s rapidly growing business. Knowy, Gemstra’s reviews platform through social proof and validation, will be the first external Decentralized Application (DApp) listed on DEXON’s DApp Store.
simplyBrand: The world’s first online verification, anti-counterfeiting platform will utilize DEXON to enhance brand and intellectual property protection. Powered by DEXON’s high-performing and scalable blockchain system, simplyBrand will be able to make faster and smarter decisions from crowdsourcing to combat counterfeit listings online. Transparency will also be maintained for greater scrutiny and feedback from the simblyBrand community to improve.
Ledger: DEXON’s native currency, DXN coin, will be supported on Ledger Nano S, a multicurrency hardware wallet that safeguards digital assets. DXN will also be available on the Bluetooth® enabled Ledger Nano X in the near future, which also allows users to transact effortlessly on smartphones through the Ledger Live App.
KHAM: DEXON connects TICKET2Go, a blockchain-based ticketing platform winning second place in DEXON’s DApp Hackathon, to KHAM, Taiwan’s leading promoter and online ticketing service provider in eliminating ticket scalping with fair sortition and auctions enabled by blockchain technology
With technological growth occurring every day and the adoption of blockchain expanding, DEXON realizes that they must stand on their own hands and realize that to maintain their existence, they must build a strong foundation of cooperation.
CONSULSION
With technological growth occurring every day and the adoption of blockchain expanding, DEXON realizes that they must stand on their own hands and realize that to maintain their existence, they must build a strong foundation of cooperation.
Let’s talk about DEXON
You can register for the newsletter for the latest updates, or join us in our various community discussions in different platforms.
✅ Telegram discussions: https://t.me/dexon_foundation
✅ Announcements: https://t.me/dexon_news
👩💻 Gitter (DEXON’s official dev chat): https://gitter.im/dexon-foundation/Lobby
👩💻 Github: https://github.com/dexon-foundation
👩💻 Reddit: https://www.reddit.com/r/DEXONFoundation/
Dexon Price : https://coinmarketcap.com/currencies/dexon/
WALLET : 0xa1C43eb2Eb01775D786A688464c799c52C4f1409
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