ChainX price is $0.31176900
As of the latest data, the price of ChainX (PCX) is $ 0.31176900. ChainX has experienced a decreased in value over the past 24 hours by -1.72%%. It is important to note that cryptocurrency prices are highly volatile and can change rapidly within short periods.
ChainX is a cryptocurrency project that seeks to extend the interoperability between various blockchain networks. It is designed to facilitate seamless asset transfers, allowing several cryptocurrencies like BTC, DOT, ETH, ERC20 tokens, EOS, and others to interact and be transferred across different blockchain platforms. This is achieved through its inter-chain bridge, which is central to ChainX's infrastructure, measuring users' mining power based on the market value of the assets they deposit.
ChainX was developed by an undisclosed group of blockchain engineers and enthusiasts who saw the need for greater interoperability between different blockchain networks. Since the team behind ChainX is not publicly known or has not been highlighted, specifics about the founders or lead developers are not typically discussed in the community. However, they continue to contribute to the project's development in accordance with its roadmap and community feedback.
ChainX's operation hinges on its unique inter-chain bridge technology which allows for the transfer and interconnectivity of various digital assets from one blockchain network to another. It measures the mining power of users by gauging the market value of the cryptocurrencies they deposit on the platform. By doing this, it aims to reward users and maintain the security and efficiency of its network.
The platform employs democratic mining, giving users voting power proportionate to the amount of PCX they hold, and facilitating a community-driven governance model. ChainX's algorithm evaluates the assets deposited to ensure fair computation of mining power, integrating complex mechanisms to make this interoperability as smooth and secure as possible.
ChainX stands out due to its focus on building bridges between various blockchains for asset transfer and its method of measuring mining power. Unlike traditional mining which depends on computational power, ChainX assesses the market value of assets users have deposited through the bridge when calculating mining power. This creates a different type of incentivization and could be seen as an economic contribution to the network rather than a purely computational one.
Additionally, the emphasis on democracy and community governance within ChainX also sets it apart. Holders of PCX have a say in the project's development, participating in the decision-making process concerning upgrades and proposals.
ChainX's main technological innovation lies in its inter-chain asset bridge that not only facilitates the transfer of traditional cryptocurrencies like BTC, ETH, and EOS but also supports assets from newer networks like Polkadot (DOT) and various ERC20 tokens. The bridge ensures that these assets can be moved into and out of the ChainX ecosystem, promoting fluidity and greater usability of assets from different chains.
Another key aspect of ChainX's technology is its second-layer protocols which aim to provide scalability solutions and support for decentralized applications, enhancing the capability of its ecosystem beyond simple asset transfer.
The circulating supply of ChainX (PCX) is PCX. This number represents the amount of PCX that is currently being traded in the market and accessible to the public. The total supply of ChainX, which is the maximum number of tokens that will ever exist, is pegged at 21.0M PCX.
ChainX (PCX) can be purchased on several cryptocurrency exchanges. The specific platforms where you can buy PCX include Hotbit, KuCoin, Gate.io. To buy PCX, you typically need to set up an account on one of these exchanges, deposit funds (crypto or fiat, depending on the exchange), and then trade for PCX.
Securing your ChainX (PCX) involves selecting the appropriate wallet that supports the PCX token. You can choose between hardware wallets for maximum security, software wallets for convenience, or even the wallet services provided by some exchanges where PCX is traded. Always ensure to follow best practices such as keeping your private keys safe, using secure internet connections, and considering the use of multi-factor authentication for added security.
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