Social media is inseparable from fashionable life, but it surely leaves us susceptible to having undesirable info uncovered to the general public. Blockchain know-how may be utilized to enhance the safety of social media by limiting cyber-attacks and encrypting messages.
With Fb quickly creating its Libra challenge, different social media corporations are wanting carefully at blockchain applied sciences as nicely. If decentralized social media platforms are the longer term, then SmartX is the place all of it begins.
SmartX is a decentralized social media and leisure platform aiming to resolve the issues brought on by centralization, reminiscent of threats to privateness and person information. It’s going to join leisure suppliers and customers on a worldwide scale and can use social leisure as a gateway to construct a reliable and safe social leisure ecosystem of the longer term.
SmartX Know-how Highlights
- Distinctive know-how that integrates blocks, that are independently produced in partitions.
Mainstream Level of Work (POW)-based techniques, reminiscent of BTC/BCH and Ethereum, should maintain all transactions “pending” earlier than packaging them. SmartX solves the mutual exclusivity difficulty that our opponents face – when transaction blocks packaged at totally different nodes are mutually unique.
- Excessive-frequency simultaneous transaction and limitless growth know-how
SmartX makes use of a proprietary algorithm to linearly join the principle blocks, which resemble the BTC blockchain. Nonetheless, if we take a look at the larger image, the entire system appears to be like just like the DAG construction. The community may be separated into impartial partitions, which don’t interrupt one another and permit for high-frequency simultaneous transactions.
- Close to Zero-Value Transactions
Excessive-frequency simultaneous transaction results in virtually zero value.
- Utilizing DAG Know-how to Improve Block Capability
Bitcoin Money makes use of a modified code of BTC to extend capability from 1MB to 8MB and in addition transaction speeds. EOS Blockchain carried out Proof of Stake to interchange Proof of Work, which attributes mining energy to the ratio of cash held by the miner. This reduces the quantity of energy and vitality required to mine. SmartX makes use of DAG know-how to realize the identical, increasing block capability, rising transaction speeds, and integrating Proof of Stake.
- QoS (High quality of Service) Assured
SmartX’s all-new DAG structural algorithm ensures scalability and reliability like no different. It makes use of a mix of Proof of Work and Proof of Stake to offer consensus, whereas masternodes are used to offer bandwidth to the community.
The crew at SmartX has intensive academic backgrounds from prime ranked universities, setting themselves aside as specialists on the planet of tech. Crew members embody:
- Frank Su, ex-senior engineer of WeChat Pay, ex-chief engineer of ETZ (Ethereum Zero) DAG challenge
- Invoice Ng, previously a senior engineer at Ping An Insurance coverage, developer of XDAG pockets, and an knowledgeable in nameless communication.
- Jessy, who holds an M.S. in advertising from Stanford College and is extremely skilled in visible and UI design, in addition to product advertising.
- Jun Q, a seasoned supervisor with 12 years of expertise at two publicly traded corporations
- Li Zhao, know-how advisor and former senior engineer at WeChat Pay with 12 years of expertise in cost gateways and possesses a deep data of Block-DAG algorithms.
SmartX vs Competitors
SmartX is totally different from comparable tasks, reminiscent of Conflux. Conflux can obtain a excessive price of transactions per second price with out sacrificing decentralization and safety.
SmartX, alternatively, treats each transaction as a block. Each node in SmartX can generate blocks independently and concurrently and combine the transactions after they’re generated.
SmartX is a brand new kind of social leisure platform that can use proprietary Blockchain-DAG know-how to realize decentralization, optimized dealing with capability and delay validation on the identical time. With its all-new structural B-DAG algorithm, SmartX can obtain limitless horizontal growth, which is basically equal to a conventional blockchain system that may obtain limitless horizontal growth. With the SmartX construction, double-spending detection will likely be potential in the end.
SmartX is a decentralized social leisure platform powered by blockchain know-how. By utilizing a blockchain community to resolve the difficulty of centralization, SmartX ensures that efficiency isn’t bottlenecked by token circulation, SmartX hyperlinks social leisure service suppliers and customers world wide and makes use of social leisure as a gateway to construct a reliable and safe ecosystem.