Review on ChainX by LUIS RIVERO R

Name: ChainX
Item: ChainX
Rating: 3

May 07, 2020

Decentralized service that can connect multiple chains.

This platform seeks to integrate several chains, it is planned as a protocol that allows to communicate with other chains such as Bitcoin, entherium and their respective smart contracts. Launched in 2019 its version 1.0 establishing a bridge between the most popular cryptocurrencies, then from this it begins to admit chains with alternative contracts. Its version 3.0 is currently in the process of being executed, in which it will theoretically be executed as a chain of relaying messages between chains, that is, it has been divided between several chains that in turn will transmit the messages and transactions to the main ChainX network. This network is undervalued although it needs more application and development it is necessary to follow it for a while it could increase its value according to its use.
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Pros

Decentralized service between chains.
Any user can run a ChainX node making the network more secure and decentralized.
The decentralized exchange does not have fees or fees for transactions, each user can save all these costs.
Platform already available, the exchange has characteristics similar to those known as binance DEX, it is also easy to use. With a demo version.
It has a small community but it really supports and is committed to this project.

Cons