GXChain Price (GXC)

GXChain is a central blockchain for the global data economy, with the purpose of establishing a safe and secure data internet of value. GXChain aims to provide a variety of functions that are convenient for application development. GXChain seeks to develop several trustworthy data modules based on decentralization, cryptography, and smart token design to deliver a leading solution for the data economy.

According to the whitepaper, the significant data age has arrived with the maturing of 5G, artificial intelligence (AI), and other technologies. In today's times, society's ability to generate and process data has dramatically improved. However, several risks exist over the data economy's development. The first is the issue of data ownership. The enormous importance of personal data has become undeniable, with firms competing for it furiously. The second issue is data security, as data storage and centralized usage is typically a target for easy exploitation. The third issue is the emergence of bogus data. The existing centralized data ownership and management architecture makes it extremely difficult to check the authenticity of data. The fourth issue is a lack of incentives. Everyone can benefit if a solution allows individuals to profit from their data. And individuals can profit by allowing firms to get personal data ethically and legally while paying the individuals for providing their data. In simpler words, people require a data service-oriented internet that is transparent, decentralized, high-throughput, and efficient. 

GXChain is a blockchain aimed at resolving the above mentioned data economy concerns. GXChain blends "on-chain" and "off-chain" governance, bringing individuals and computational code into the governance system simultaneously, resulting in decentralization and efficiency. Every GXChain asset holder is entitled to vote in the decentralized governances. The future direction, strategy, and operation of the GXChain ecosystem are decided by the votes of all GXC token holders. As far as off-chain governance is concerned, the GXChain foundation is a non-profit organization and comprises Policy Committee, Advisor Committee, Execution Committee, Ecosystem Panel, etc. These committees are responsible for decision-making, research, development, global marketing, finance management, and various other operations.

Furthermore, with a total supply of 100 million, GXC is the core asset of governance and application on GXChain. GCX aims to offer multiple uses:

As mentioned in the whitepaper, in August 2016, the GXChain project was established, and in February 2017, the first GXChain whitepaper was released. Apart from this, the GXChain Foundation was founded in Singapore in November 2017. The foundation promotes the healthy and efficient development of the GXChain ecosystem while also safeguarding the rights of GXC holders. The foundation also encourages communication between GXC holders, the GXChain community, and developers.

GXChain is based on the delegated proof-of-stake (DPoS) consensus mechanism. Delegated proof of stake (DPoS) is a blockchain consensus technology similar to proof of stake (PoS). There is no mining in the PoS method. Instead, the quantity of coins staked determines the validity of new blocks on the blockchain. Users lock a fixed number of coins as a stake, and users with stakes are awarded validation powers for the next new block at random intervals. Participants still stake coins in a delegated proof-of-stake (DPoS) system. Instead of taking on the task of validation directly, stakeholders delegate it to a delegate, who subsequently works with groups to reach an agreement.

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The current market cap of GXChain is $0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of GXChain is $11.24. This all-time high is highest price paid for GXChain since it was launched.

Over the last 24 hours, the trading volume of GXChain is $0.00.

Assets that have a similar market cap to GXChain include Onix, SocialCoin, Dinastycoin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of GXChain is 0.