About Machine Xchange Coin
The Machine Xchange Coin vision is to introduce a systematic process to both simplify and increase IoT data transactions. The decentralized infrastructure upon which MXC’s system is based is the future of Low Power Wide Access Network (LPWAN) and the Machine eXchange Protocol (MXProtocol). Utilizing this solid device network foundation, MXC is introducing a unique coin offering, Machine eXchange Coin (MXC), which allows for increased data transactions and an idiosyncratic data flow monetization within the mammoth data market. MXProtocol places a keen focus on reducing collision between networks, constructing an inter-chain data market, developing a market for network coverage and introducing an independent Quality of Services (QoS) framework for both data providers and receivers. Individual network users, corporations and enterprises can all participate in the construction of decentralized, ubiquitous and secure LPWAN. Simply by connecting “anything” to the network, adopters will be able to profit and trade MXC.
|Token Name||Machine Xchange Coin|
|Token Sypply||2,664,965,800 MXC|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
MXC is a German non-profit organization based in the country’s start-up and blockchain capital, Berlin. MXC is partnering with various LPWAN companies. MXProtocol is a revolutionary design that solves the problem of LPWAN and bridges the data gap between different infrastructures.
LPWAN vs other technologies
LPWAN technology emerged to the forefront in recent years with the goal of finding a better data transmission solution to the shortfalls of WiFi, Bluetooth and 3G & 4G networks. These earlier established networks were originally targeted at connecting people, not at connecting the data generated by “things.” The amount of machine-generated data has multiplied significantly in recent times. The new LPWAN technology offers aspects where others simply can’t compete:
• 10 year sensor battery life
• 20 km data reach with just a single Gateway
• Offers an extreme amount of connection points (over 60,000 for a single network cell) supported by LPWAN Gateways at an extremely low cost
When deploying LPWAN, the first consideration is understanding how to avoid a collision between different competing networks residing in the same region. Generally, the issue comes from the fact that both may use the same channel to send out the message at the same time and leave the other available channel empty due to the chosen preferences. As a result, it’s generally hard to reach a consensus between these networks and thus the deployment suffers as network usage increases.
Machine eXchange Coin (MXC) offers a unique and specifically designed decentralized technological “Data Trade Network” to the global Token economy. Data can be shared on a mass scale whilst ensuring complete end to end privacy. The MXC intends to be distributed amongst data owners, data receivers and data network hosts, allowing for a facilitated cross-over from a “commodity” based Coin into an everyday trading Coin currency.
Commerce network effect
Machine eXchange Coin is the first Token designed to bridge current commodity-based trading of cryptocurrency tokens and the cash-based global economy. Utilizing the “sharing economy,” MXC uses this as an axis, allowing large businesses, SMEs and individuals to borrow or rent assets owned by someone else.
MXC is a blockchain-based decentralized platform designed to revolutionize three core functions based around the basic financial theory: Lend, Send and Spend.
MXProtocol infrastructure consists of both sensor and end devices, Gateway and cloud. Sensors and end devices collect data from “things,” and send to the cloud via the Gateway. This is uniquely designed to specifically be a decentralized solution allowing for everyone to suit their/the market’s needs. The usability of the hardware has been specifically designed as a “plug and play” solution, making installation simple without the need for a professional configuration. It is designed to be easy to set up and easy to share data.
MXC built MXProtocol as an inclusive platform where all participants are encouraged to contribute. MXProtocol is a distributed network protocol backed by monetization of the resources and incentives from enterprises and individuals based on the permissionless blockchain. The permissionless blockchain design makes MXProtocol efficient and independent: the more people use it, the more robust the network will be.The blockchain should have four key properties: decentralized control, low latency, trust, and asymptotic security. In other words, MXProtocol should run on a permissionless blockchain that has:
• A true decentralized network.
• It has eliminated mining rewards.
• All transactions get confirmed quickly.
• There is an anti-spam role. There should be a preventive measure against nefarious users flooding the network (a DoS attack)
Hu Xin CEO
Aaron Wagener CHIEF OPERATING OFFICER
Vlad Karl CTO
Vadim Vygonets LEAD SOFTWARE DEVELOPER
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