Official Announcement: DEXON’s Mainnet Launch
DEXON is the latest DLT that aims to solve the “trilemma” of blockchain: decentralization, security, and scalability
As the DEXON public sale has now successfully concluded, we are excited to announce that it’s all systems go for the DEXON main network launch on the 25th of April 2019!
Ever since we announced DEXON less than a year ago, our team has been hard at work to launch DEXON’s mainnet. It took some time to ensure that everything is stable and secure. After careful unit tests, simulation tests, code reviews, and countless man hours poured into the project, we’re grateful to everyone for joining us on this fun journey of building DEXON — and we’ve barely just begun.
Upon launching the DEXON mainnet, we aim to release several more products and features within the second quarter of 2019; DEXON Teleport, the DEXON Wallet, and the DEXON DApp Store. More on those later on but for now, here’s what you should expect for DEXON’s mainnet.
Fair Cryptographic Sortition to solve Decentralization
All users with enough DXN can be validators and join the DEXON network. Every hour, a small set of validators, called the notary set, is selected fairly to propose and verify the blocks. All the validators have an equal probability of being chosen through cryptographic sortition. This mechanism allows DEXON to perform with high efficiency, while supporting thousands of validators joining the network, at the same time.
Partition-Resilient Byzantine Agreement to solve Security
The security of DEXON is guaranteed by our “partition-resilient Byzantine agreement.” With our Byzantine agreement protocol, we are able to achieve the safety and liveness of the network. Even if the network gets disconnected (e.g., cable is broken or cloud services shut down), the safety of the consensus still holds and DEXON will keep operating normally once the network recovers, which we call “partition-resilient.”
Responsive Byzantine Agreement to solve Scalability
Our “Responsive Byzantine Agreement“ reaches fast finality, which already allowed DEXON to support 10k transactions per second even in the testnet. In DEXON, the validators interact with each other as soon as the messages arrive so that the block confirmation time only depends on the actual network delay instead of any predetermined time bound.
By applying cross-cutting, interdisciplinary elements from cryptography, applied mathematics, and computer science theories, DEXON aims to solve the main roadblocks in distributed ledger technology’s mass adoption: decentralization, security, and scalability.
Other technical updates
DXN will be supported on both Ledger and Trezor. Having the option to store your DXN on hardware wallets will allow coin holders storage flexibility. We will announce once this feature is ready.
Let’s talk about DEXON
You can register for the newsletter for the latest updates, or join us in our various community discussions in different platforms.
👉 Twitter: https://twitter.com/dexonfoundation
👉 Faceboook: https://www.facebook.com/DEXON.Foundation/
👉 YouTube: https://www.youtube.com/channel/UCbg6l4M8QmSrJphxQvKof5g
👉 Medium: https://medium.com/dexon