ProximaX is a next generation platform solution based on the NEM blockchain. NEM is a popular peer-to-peer cryptocurrency and blockchain platform. It has shown great utility in maintaining database, inventories, or as an open, secure, end-to-end supply chain logistics management system.

ProximaX is based on the latest version of NEM called NEM Catapult. ProximaX Sirius offers Integrated and Distributed Ledger Technology (IaDLT). This IaDLT is an integrated assembly of proven technologies which is a combination of Blockchain-Storage-Streaming-Database System-Consensus.

Applications

ProximaX layers

Storage. ProximaX uses a Distributed File Management System (DFMS) that integrates directly with the blockchain. This allows truly secure p2p transactions/transfers, private asset management and metadata storage.

Streaming. Using its custom PeerStream Protocol (PSP), users will be able to enjoy fully anonymous and encrypted messaging and video streaming services.

Advanced Blockchain. ProximaX utilizes the NEM Catapult to offer an API-driven asset environment that allows you to easily integrate the blockchain into your company. You can now create a secure and transparent Enterprise environment.

Consensus. ProximaX uses a multi-layer consensus protocol. This sets the conditions and procedures for voting, governance and issuing rewards to nodes in the network. Nodes(users) are rewarded in the native token XPX.

core services

The merit of these services lies in how well one can use the core services to create new and innovative solutions using the cutting edge underlying technology.
Take for instance a Team that offers a blockchain version of socia media platforms like facebook , instagram, twitter etc.
This can be a centralized project with full control over the user data. Advertising and users data mobiliztion would be the revenue earner.
Alternatively a freemium business model can be devised in which a premium member pays a small fee and his data remains personal and encrypted without switching platforms.

Real-time streaming

A revolutionary protocol for online P2P private messaging is being developed for routing data and enabling secure off-chain communication channels. This protocol will be used on the ProximaX's streaming layer to guarantee users and nodes privacy.

Unlike its competitors, ProximaX's PSP will be insulated, this feature eliminates the risk of mainteining exit nodes and out-proxies. The PSP routing will be donve via entry nodes and ephemeral interconected routing circuits to privately connected users, Dapps, IoT, live streamers and stored content in the ProximaX ecosystem.

ADVANTAGES OF USING ProximaX

High Scalability - ProximaX Sirius combines high speed storage with blockchain immutability. This allows Users to store and stream data of large sizes in the distributed layers whilst transactions are conducted speedily on the blockchain.

Highly Configurable - ProximaX allows users to operate in permissioned(private) or permissionless(public) environments. This comes in handy when dealing with personal or private company data.

Security & Transparency - ProximaX utilizes the features of the blockchain to ensure secure peer to peer transactions and encrypted data transfers while the digital ledger notes all activities to ensure transparency.

Guaranteed Availability - Since all activities take place on the blockchain and are recorded on multiple nodes there is no downtime or server maintenance required.

User Friendly - Integrating ProximaX Sirius is very easy. All one has to do is download the appropriate APIs and SDKs and deploy.

Lower Cost - Blockchain storage is cheaper than conventional methods and cloud services and hard disk space will be optimised. Users have the option to upload files as Plain(public) or Secured(encrypted).

Privacy - To combat piracy and copyright infringement, ProximaX is currently working on a "deny list" that will refer to DMCA takedown notices and reject any data hash listed.

External layer supports end - user payements which may be crypto or fiat. It is converted using the automated exchange.
Ability To Earn - In the ProximaX network, Quality apps can earn XPX tokens as can Content providers. ProximaX’s blockchain Sirius also uses a Proof of Stake (PoS) algorithm so you can earn by supporting the network with your stake.

Team

Advisors

More information

https://www.proximax.io/