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DxChain 3.0, rooted in web3.0, upgrades DxChain 2.0 in multiple aspects, compatible with EVM and other smart contract platforms architectures, optimizes the DPoS structure, adds a system contract layer, dedicated to building a development platform that supports smart contracts. On this platform, the DxChain ecosystem continues to evolve, while supporting cross-chain bridge technology, facilitating asset transfers between different chains, ensuring security and scalability, crafting the most suitable public chain for decentralized applications.
Why Are We Creating DxChain?
Currently, only large companies can run big data tasks and monopolize data-related services. For individuals and small organizations, the cost of obtaining data storage services is high, and its difficult to access data sources. Even worse, everyone bears the risk of privacy and data security, regardless of whether you can derive any reasonable returns from data services.
There are some blockchain-based platforms aimed at providing supercomputer services, but there are no existing solutions in the market to provide a decentralized parallel computing environment that supports big data and machine learning.
Thus, DxChain will be a true game-changer in the market.
How Will DxChain Change the Fundamental Meaning of the Internet?
Blockchain is one of the most innovative technological inventions in recent years, featuring many significant innovations such as decentralization and immutability. Unfortunately, todays consensus-based protocols still use a large amount of computing power to maintain the blockchain itself and cannot provide useful work for the community. Today, people can use Bitcoin and Ethereum to purchase goods and use Hyperledger structures to track product flows. However, apart from financial transactions and tracking assets in the supply chain, there are few practical applications of blockchain. That is, blockchain has not fundamentally changed the way people use the internet.
DxChain designs a platform to solve big data computing in a decentralized environment. Therefore, people can use DxChain as a data marketplace to trade data and create applications on DxChain to meet various needs, including business operations and business intelligence. Thus, by applying blockchain to data storage and computation, DxChain will change the fundamental meaning of the internet.
What Are DxChains Main Competitive Advantages?
DxChain, a decentralized big data and machine learning network, driven by a compute-centric blockchain, incorporates four major innovations:
⚫ A new decentralized computing framework, introducing Probable Data Computing and Verification Game;
⚫ A novel tri-chain (chains-on-chain) design orchestrating the main chain and two side chains: the data side chain and the compute side chain;
⚫ Introducing Hadoop into DxChain to facilitate big data processing and machine learning;
⚫ Based on DxChains flexible and powerful system architecture, specifically designed to support most business data exchange and analytics needs.
What Is the Future of DxChain?
DxChain aims to support various machine learning and data mining algorithms, data storage, music/video streaming, and many other applications. Developers from various sectors can leverage DxChain in different ways. Below are three use cases supported within the DxChain ecosystem.
Smart Cities:
DxChain users can directly run machine learning analyses on datasets generated daily by sensors and create actionable business intelligence reports to guide their day-to-day business decisions. Our ecosystem developers can utilize it to build their own machine learning applications.
Healthcare:
Reduces the cost of storing data and traffic. Data is encrypted and stored in the blockchain in an easy-to-process and secure manner. Enables data exchange and sharing via standardized data using DxChains data model. Machine learning empowers healthcare providers to build their own AI to monitor patient health and send vital signs.
AI Model Training:
DxChain, a decentralized big data and machine learning blockchain, allows AI providers to benefit in many ways. Our ecosystem developers can leverage DxChain to build their own machine learning Dapps.
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