DBX Review

DBX aims to exceed Ethereum and EOS and become a large, feasible public chain. However, DBX intend to this by the introduction of a blockchain which contain projects with real life usages. Additionally, these projects are aimed to be integrated before Mainnet is released. This new value based ecosystem will not only provides a safe data exchange process, but allow individuals to own the right to their data and profit on their data.
DBX is a Chinese project that was formed in 2016. The founder of DBX is a man called Tomi Wen. He is a senior technical expert who beholds a BA from Renmin University. At the age of 15, he developed a software DIY page, and was known as the ‘software author that made Baidu (China´s biggest Search site) change its algorithm.” Tomi Wen has been successful and won many competitions, such as the gold medal in the computer category of Castic and started a successful business already in his freshman years.
DBX, has not hold any ICO’s yet simply the fact that they wanted their testnet live and proven before doing so. Very sensible. Nonetheless, instead they collaborated with influential investors for private sale. One particular investor was Charles Xue, the founder of Manzi fund and an influential investor within the blockchain industry.
DBXchain business model, entails the support of developed business which already contain mass volume of data. Furthermore, such data will test the capacity of DBXChain security and network. After successfully launching their testnet, DBX focus is upon delivering blockchain services that evolve the data exchange ecosystem.
DBXChain spent over a year developing their D-DPos consensus mechanism. This mechanism has two significant features.
-Improved transactions through a sharding technique, thus it makes the application cost efficient.
-With the use of real time fluid SuperNode selection (Called Trinity Node in DBX), the security of their chain is far more proficient.
See https://medium.com/@dbxchain/d-dpos-is-the-update-of-dpos-we-have-waited-for-c46e835a7fea …
DBX Data game DBX has integrated their first DApp called DataGame, DataGame is a DApp for sourcing data collection , where DBX demonstrates the capacities and feasibility of its public chain. Every data collector can launch a data collecting game using a certain amount of DBX coins in areas such as AI, purchases and IOTs. Owners of data can get rewards for their participation in the games.
Before 2019, DBX objective is to have 50 developed projects upon their blockchain, projects from various sectors such as AI, Gaming, Social and more. This is one factor that I will be observant to whether DBX can fulfill. My feeling is that their team do know what they are doing and considerate of their buyers. DBX showed patience, not holding ICO as they prioritised their project valuation rather than attaining quick capital. At this moment of time, I am not invested in DBX but will most certainly be monitoring their progress and upcoming ICO, with potential to invest.
Furthermore, this is not financial advice. DYOR.
Website — https://dbx.one/
Whitepaper — https://dbx.one/libs/pdf.js/web/viewer.html?file=%2Fassets%2FDBX_Whitepaper_cn_v1_0j.pdf … …
Twitter — https://twitter.com/DBXFoundation
