GXChain (GXC)

Rank #2097

GXChain, also referred to as GXC, is a public blockchain focused on decentralized data exchange solutions. The project emerged with a focus on offering an alternative for interoperability and sharing needs across different sectors, including applications related to credit and finance.

Data exchange focused on privacy and rights

On GXChain, data exchange is organized by consensus mechanisms and execution rules to support anonymous bilateral transactions. The data exchange system does not cache personal data, seeking to preserve the privacy of those involved.

In addition, the platform was presented with protection of data copyright, with the aim of reducing fraud and counterfeiting in the circulation of information.

Features for applications and identity management

GXChain was described as a network that supports the development of many applications. The environment goes beyond smart contracts and the BaaS model, offering services such as identity verification, multidimensional data, KYC, and quick login.

The network also supports the issuance of new assets, expanding the possibilities of use in corporate and digital service scenarios.

Consensus and performance on the network

For record tracking on the blockchain, GXChain uses DPoS. For data exchange, consensus is based on PoCS, aimed at coordinating the sharing of information among participants.

The source text points out that the platform has the capacity to process 100.000 TPS to meet a large part of the needs of enterprise applications.

Where GXChain is applied

Among the cited uses, GXChain can be employed in any industry for data exchange. Currently, the focus includes solutions for companies linked to network loan, automotive financing, personal loans in internet finance, and banks.

A Dapp, GXB Decentralized App, is also mentioned, aimed at personal credit management and in-person credit verification.