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ChainX is a blockchain platform designed to help promote asset interoperability across a number of different blockchains. The project was launched in 2019 on top of Polkadot’s Substrate, which was designed to create scalable and efficient blockchains. According to the whitepaper, many blockchains suffer from weaknesses such as scalability, security and smart contract capability. ChainX believes that, by combining all blockchains, these weaknesses can be overcome. Utilising an adapted Proof-of-Stake mechanism, ChainX allows users to share assets across different blockchain systems.
The protocol is built of 4 modules. The first is the PCX Module, which allows users to stake, pay fees, access governance and access Bitcoin financial derivatives. The second is the DEX Module, where users can exchange cryptocurrencies across chains. The third is the Inter-chain Module which allows users to enter and exit the system from different blockchains. Finally the fourth is the Relay Module which allows for data to be exchanged between ChainX and other blockchains.
PCX is the native cryptocurrency of the ChainX ecosystem. It can be used for a wide array of transactions including staking, facilitation of internal payments, rights-related on-chain governance and reward distribution.
ChainX (PCX) is the 366th largest cryptocurrency in the world by market cap, valued at $68,530,128. The current price of ChainX is $1.06206958, which is 4.209% higher than yesterday. Prices have ranged between $1.11746635 and $1.00246718 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 11:05 UTC.
| Coin symbol | PCX |
|---|---|
| Coin Marketcap | AUD$68,530,128 |
| Total PCX supply | 21,000,000 |
| Current price | AUD$1.06206958 |
| All time high | AUD$35.8644 |
| All time high date | March 29, 2021 |
Historical prices compared with the price of $1.06206958.
| 1 hour | 1.64% |
|---|---|
| 24 hours | 4.21% |
| 7 days | -40.38% |
| 14 days | -41.05% |
| 30 days | -62.29% |
|---|---|
| 60 days | -54.73% |
| 200 days | -82.79% |
| 1 year | -94.00% |
Disclaimer: Cryptocurrencies, including ChainX, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PCX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the ChainX or any other cryptocurrency discussed.
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