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Launched in 2017, DxChain is a blockchain created as a decentralised storage solution for big data. The network was also designed to work as a data trading platform for users who want to sell and transfer data. According to the whitepaper, data storage and transfer are often monopolised by large organisations such as Google. For example, Google owns the navigation data of all Google Map users. DxChain aims to challenge this monopoly and make the usage of consumer data more transparent. The DxChain blockchain provides data analysts with a secure and fraud-preventative interface on which they can work, send and receive large datasets. This is facilitated by a chain-on-chain architecture and a proof-of-spacetime (PoSt) consensus mechanism. DX is the native token of the DxChain blockchain. According to the whitepaper, there are 3 key use cases for the token. It will provide a convenient and secure payment and settlement method for participants on the DxChain network. It will be used to reward those that contribute computational and storage resources. It will also be used to reward miners that participate in securing the network.
DxChain Token (DX) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of DxChain Token is $0.000551726, which is 0.000% lower than yesterday. Prices have ranged between $0.000574602 and $0.000527716 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 26, 2022 10:05 UTC.
| Coin symbol | DX |
|---|---|
| Coin Marketcap | N/A |
| Total DX supply | 100,000,000,000 |
| Current price | AUD$0.000551726 |
Historical prices compared with the price of $0.000551726.
| 1 hour | N/A |
|---|---|
| 24 hours | 0.00% |
| 7 days | 1.47% |
| 14 days | -2.02% |
| 30 days | -0.98% |
|---|---|
| 60 days | -1.25% |
| 200 days | -34.43% |
| 1 year | -13.48% |
Disclaimer: Cryptocurrencies, including DxChain Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DX 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 DxChain Token or any other cryptocurrency discussed.
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