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With a decentralised data exchange platform and a public blockchain for developers, GXChain is designed to allow the secure and anonymous exchange of data. Its platform supports the development of all kinds of apps and aims to offer the capability to process 100,000 transactions per second.
The platform is designed to meet the needs of governments, financial institutions, healthcare providers and any other business with a high level of demand for data exchange. GXChain also supports the development of decentralised apps, smart contracts and blockchains as service applications. There’s also a mobile app, Blockcity, based on GXChain. Designed to assist data management and sharing, the app provides a range of incentives to encourage users to authorise their identity and information, allowing them to take control of their data.
GXChain uses a delegated proof of stake (DPoS) consensus algorithm that allows it to process up to 100,000 transactions per second. Blocks are generated every 3 seconds. A proof of credit share (PoCS) algorithm, designed to solve imbalances during the exchange of data between big companies and small companies, is used for data exchange consensus.
GXShares (GXS) is the name of GXChain’s utility token and is the only form of payment for using applications in the GXChain ecosystem.
GXChain (GXC) is the 573rd largest cryptocurrency in the world by market cap, valued at $32,025,354. The current price of GXChain is $0.60632012, which is 11.745% higher than yesterday. Prices have ranged between $0.6100888 and $0.52620514 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 17, 2022 08:05 UTC.
| Coin symbol | GXC |
|---|---|
| Coin Marketcap | AUD$32,025,354 |
| Total GXC supply | 100,000,000 |
| Circulating GXC | 75,000,000 |
| Current price | AUD$0.60632012 |
| All time high | AUD$21.3994 |
| All time high date | January 13, 2018 |
| Notable team members | Hanwen Cheng |
| Industry | Blockchain platform |
| Token uses | Utility token, transaction fees, rewards |
| Network | REI Network |
Historical prices compared with the price of $0.60632012.
| 1 hour | 4.08% |
|---|---|
| 24 hours | 11.74% |
| 7 days | -45.19% |
| 14 days | -71.88% |
| 30 days | -74.38% |
|---|---|
| 60 days | -73.72% |
| 200 days | -35.42% |
| 1 year | -62.20% |
Disclaimer: Cryptocurrencies, including GXChain, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of GXC 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 GXChain or any other cryptocurrency discussed.
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