Machine Xchange Coin (MXC) provides a unique distributed "Internet of Things Data Trading Network" for the global token economy. IoT data can be shared at scale while ensuring complete end-to-end privacy. The MXC Foundation is dedicated to research and applications of Low Power Wide Area Network (LPWAN) IoT technology and blockchain. At its core, the MXProtocol is a completely decentralized standard protocol built on LPWAN infrastructure, addressing the following issues: 1. Resolving conflicts in free spectrum IoT through ACC; 2. Solving downlink resource allocation in LPWAN IoT through smart bidding technology; 3. Enabling cross-chain transactions and services for IoT data through a cross-chain data market.
Machine Xchange Coin is the first token designed to connect existing IoT devices as a cryptocurrency, which can be used to reward network participants, pay for services, and facilitate trading.

Project Vision

The vision of MXC is to simplify and enhance the trading of IoT data through a systematic protocol. MXC is based on the future of Low Power Wide Area Networks (LPWAN) and the Machine eXchange Protocol (MXProtocol). Leveraging this robust device network foundation, MXC introduces a unique cryptocurrency – Machine eXchange Coin (MXC) – that increases data trade and enables distinctive data tokenization within a vast data marketplace.
The MXProtocol aims to reduce conflict between networks, build a linked data market, develop a coverage market, and introduce an independent Quality of Service (QoS) framework for data providers and receivers. MXC offers individuals, companies, and enterprises the opportunity to participate in the first-ever distributed, ubiquitous, and secure LPWAN construction. Users can simply connect "anything" to the network to trade MXC and profit from it.

Project Highlights

MXC transforms MXProtocol into a sharing economy platform that encourages all participants to contribute. MXProtocol is a distributed network protocol built on resources from public blockchain-based entities and individuals. The design of the public blockchain makes MXProtocol efficient and independent: the more people use it, the stronger the network becomes.
A blockchain should have four key attributes: distributed consensus, low latency, flexible trust, and progressive security. In other words, MXProtocol should operate on a public blockchain that has:
• A genuine consensus network.
• It eliminates mining rewards.
• All transactions are swiftly confirmed.
• An anti-congestion mechanism. Additionally, preventive measures should be taken against malicious users who might flood the network (DoS attacks).

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