Review on GXChain by Syed Adnan
Global data economy focused on serving developers.
Their dapp has so many users because it provides a centralized space for storing information in an encrypted smart contract within a blockchain. Like every blockchain 3.0 project, it also emphasizes cross-alignment. This means it will support off-chain transactions and interactions with any off-chain data platform. Their API is available through the BAS model and gas fees are paid for the transaction.
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Private users can feel the way they want about data tracking, but governments and corporations are very interested in this information. They are already using it and we have more tools to maintain some sort of control over how that information is used.
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It can support transaction speeds of up to 100,000 TPS, and block sizes have been adjusted dynamically. It aims to become a decentralized data exchange open source and used by banks, loan companies, medical, government, insurance and other enterprise users.
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Pros
- It is one of the top-endorsed blockchains in China.
- Secure data exchange.
- Data Storage.
- Possible income.
Cons
- One of the most important concerns is trust on the blockchain.
