GXChain is a forward thinking fundamental blockchain directed to solving the issues of the
data economy, based on decentralization, cryptography, and smart token design, GXChain
provides a leading solution for the data economy. In the past two years, the team has
developed multiple, trusted data modules to solve problems in the data economy, including
ownership, security, authenticity, and lack of incentive. Data uploading, storage, computation,
and exchange has been gradually realized with many commercialized applications. #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/
https://t.me/GXChain_international
👉Some ways to know GXChain👉:
Official Website: https://www.gxchain.org/en/
Official Twitter: https://twitter.com/GXChainGlobal
Official Facebook: https://www.facebook.com/gxchain.org
Official GitHub: https://github.com/gxchain/
Official TG Announcement Channel: https://t.me/GXChain_international
Official Reddit: https://www.reddit.com/r/GXS/🎉
@GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/
https://t.me/GXChain_international

GXChain Progress Report Jun.12th, 2019 — Jun.18th, 2019
https://medium.com/@GXS/gxchain-progress-report-jun-12th-2019-jun-18th-2019-2861d960dcdd?postPublishedType=initial&fbclid=IwAR0R622EKX7Yc6kA3mBFkd7UIdAgHuw6--RwrfShp5gVNpmA0YeJeNJI-YE
#GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/
https://t.me/GXChain_international
👉Some ways to know GXChain👉:
Official Website: https://www.gxchain.org/en/
Official Twitter: https://twitter.com/GXChainGlobal
Official Facebook: https://www.facebook.com/gxchain.org
Official GitHub: https://github.com/gxchain/
Official TG Announcement Channel: https://t.me/GXChain_international
Official Reddit: https://www.reddit.com/r/GXS/🎉
@GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/
https://t.me/GXChain_international

GXChain combines “on-chain” and “off-chain” governance, simultaneously putting people and computational code into the governance system, realizing decentralization, robustness, and efficiency. @GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston
https://www.gxchain.org/en/
https://t.me/GXChain_international
👉Some ways to know GXChain👉:
Official Website: https://www.gxchain.org/en/
Official Twitter: https://twitter.com/GXChainGlobal
Official Facebook: https://www.facebook.com/gxchain.org
Official GitHub: https://github.com/gxchain/
Official TG Announcement Channel: https://t.me/GXChain_international
Official Reddit: https://www.reddit.com/r/GXS/🎉
@GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/
https://t.me/GXChain_international

This version of the whitepaper focuses on the following topics:
◇ Elaborated GXChain’s governance structure, which can faciliate democratic, transparent
and decentralized governance of GXChain. GXChain is growing from the early stage of
team operation to the community-based governance, further improving consensus.
◇ Introduced the GXChain TrustNodes election, and earnings. The election campaign
will make GXChain more distributed, improving the security and stability of the GXChain
main net. Influential teams in the world will be introduced to the election campaign and
participate in the governance of GXChain.
◇ Optimized technical and system structure of GXChain and the addition of smart
contracts 2.0, cross chain technology, oracle machines, and trusted data modules. We also
give examples of the applications of a trusted data internet and our technical strategies,
thereby setting guidelines for developers.
◇ Announced to swap GXS to GXC with a ratio of 1:1, GXC will be the core asset and act
as the main token for utility and governance of GXChain. Later, in the GXChain ecosystem,
GXC will be the key utility token for payments, transactions, governance, and development.
◇ Illustrated business models of GXC, and its value, generation, and distribution
mechanism.
◇ Announced the road map of GXChain, which focuses on improving its competitiveness
through technical innovation, collaboration, and community governance.
https://static.gxchain.org/files/GXChain_WhitePaper_v3.0_EN.pdf
👉Some ways to know GXChain👉:
Official Website: https://www.gxchain.org/en/
Official Twitter: https://twitter.com/GXChainGlobal
Official Facebook: https://www.facebook.com/gxchain.org
Official GitHub: https://github.com/gxchain/
Official TG Announcement Channel: https://t.me/GXChain_international
Official Reddit: https://www.reddit.com/r/GXS/🎉
@GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/
https://t.me/GXChain_international

TrustNode Election and Ballot Ballot to GXC = 1:1, and GXC holders can vote for multiple nodes. The GXC for voting will be staked at the wallet, transfer of the staked GXC out of the wallet will cancel the voting procedure. Members ranked top 20 in votes will automatically be elected as TrustNodes, and one TrustNode will be selected randomly. There are three methods to vote.
1. Vote through Blockcity
2. Vote through mobile or PC wallet.
3. Vote through exchanges (requires support by exchanges).
@GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/ https://t.me/GXChain_international
Website: www.gxchain.org/en/
Reddit: www.reddit.com/r/GXS/
Facebook: www.facebook.com/GXChain/
Twitter: twitter.com/gongxinbao
Medium: https://medium.com/@GXS
Telegram: t.me/GXChain_international
Github: github.com/gxchain/
Block Explorer: block.gxb.io/#/

Governance
Structure and Mechanism
Governance is the key part of a public blockchain. GXChain combines “On-Chain” and “offchain” governance, simultaneously putting people and computational code into the governance system, realizing decentralization, robustness, and efficiency. Every GXChain asset holder has the right to participate in the decentralized governances. All GXC holders could vote to determine the future direction, strategy, and operation of the GXChain ecosystem.
GXChain “On-Chain” governance is comprised of the Committee and TrustNodes. The committee constitutes 11 members, who can propose to vote for the modification of global parameters of GXChain. The TrustNodes constitute 21 members, who are in charge of the transaction verification, production, and broadcast of blocks.
◇ The GXChain Committee is similar to the blockchain board, which is responsible for proposing and voting for the modification of global parameters of GXChain. The committee is comprised of the 11 top ranked members in the TrustNodes voting.
◇The TrustNodes are comprised of the miners of GXChain, responsible for transaction verification, block production, and broadcast of blocks. The minimum number of TrustNodes is 21.
◇ The foundation is a nonprofit organization registered in Singapore.
◇ Comprised of the Policy Committee, Advisor Committee, Execution Committee, Ecosystem panel, Code evaluation panel, Marketing panel, and Administration panel.
◇ Responsible for decision making, research & development, global marketing, fund management, and other operations.
@GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/ https://t.me/GXChain_international

GXChain is a fundamental blockchain for the global data economy, designed to build a trusted data internet of value.
GXChain has evolved rapidly since its inception, which started from a decentralized data marketplace (commercialized on September 2017), to a fundamental blockchain ecosystem.
The ecosystem is currently serving millions of users and software developers. To help people better understand what we are doing now, and where we are going in the future, we are
continuously updating the whitepaper of GXChain. @GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/ https://t.me/GXChain_international

An infrastructure upgrade of the current data economy is necessary to solve the issues mentioned above, which could transform the method of data acquisition, storage, computation, and exchange. Specifically, people need a transparent, decentralized, high-throughput, and efficient data service oriented internet. GXChain is a forward thinking fundamental blockchain directed to solving the issues of the data economy, based on decentralization, cryptography, and smart token design, GXChain provides a leading solution for the data economy. In the past two years, the team has developed multiple, trusted data modules to solve problems in the data economy, including ownership, security, authenticity, and lack of incentive. Data uploading, storage, computation, and exchange has been gradually realized with many commercialized applications.
@GXChainGlobal strongly believe that the data economy could fundamentally accelerate the efficiency and improve the trustworthiness of the world. In the past two years, the GXChain team fulfilled every promise, finished development of the fundamental blockchain, Decentralized Data Marketplace, Blockcity, and many data modules for developers. In the future, GXChain will continue innovating in the field of the data economy and provide a shared usage and governance, transparent, and secure infrastructure for people everywhere. #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/ https://t.me/GXChain_international

GXChain Foundation
The GXChain Foundation established on November 2017 in Singapore. The foundation aims to facilitate sound and efficient development of the GXChain ecosystem and protect the rights of GXC holders. Also, the foundation is responsible for fostering communication among GXC holders, the GXChain community, TrustNodes, and developers. The GXChain Foundation will disclose the development and operation progress of GXChain annually. In particular, the foundation will disclose the use of funds annually, and introduce third-party auditing for supervision. Auditing reports will be disclosed in the annual financial statements @GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/ https://t.me/GXChain_international

Smart Contract
GXChain Virtual Machine(GVM) uses WebAssembly(Wasm) to execute the smart contract, with Wasm, developers can write smart contracts with their primary programming language. Currently, Wasm supports C++. To make GXChain more developer friendly, we will add more programming language support in the future. 19 Using the GXChain compiler, one can convert high-level programming language like C++
to Wasm bytecode format, which facilitates code deployment on GXChain by calling the contract deployment API. After deployment, a smart contract account will be established on GXChain. The account stores the bytecode of the contract and corresponding application
binary interface (ABI). Different from the general GXChain account, smart contract accounts, and assets are controlled by contract code, instead of by private key. Assigning an account
name and contract method, then using the ABI to interact with the smart contract is required if users want to call smart contract. The ABI is generated by the GXChain compiler, which contains the contract methods, method parameters, and persistent data structures. The smart contract is stored in persistent memory in the form of an object. An object field and type can be customized by developers. Calling a smart contract requires burning a small amount of miner fee, the fee is comprised of 3 parts: basic fee (fixed amount), ram fee (calculated by ram usage), and CPU fee (calculated by CPU running time). The amount of fees are adjustable by the GXChain committee.
@GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/ https://t.me/GXChain_international

GXChain Features GXChain is a developer-friendly fundamental blockchain and it also has millions of users. Based on the DPoS consensus mechanism, GXChain is high-throughput, scalable, and efficient. GXChain equipped with many amenable functions, including G-ID, GVM, BaaS, Blockcity-Pay, TEE, and Oracle Machines, making it convenient for application development. The following features dictate its boundless commercial value: 27 High Performance and Scalability In theory, GXChain is capable of processing up to 100,000 TPS. Considering the growing demand of On-Chain business, GXChain can expand both horizontally and vertically, enabling even higher transaction speed without a hard fork. Massive Data Support GXChain equipped trusted data On-Chain and trusted data exchange modules, supporting every area. Developers can trade and use these data under authorization by the data source at TEE. Applications on GXChain can use personal data of users, after authorization and desensitization, which is also compliant to GDPR. Based on this support, developers can better acknowledge the need of users. Developer Friendly GXChain has abundant API, IDE, and developer documentation which supports many programming languages. Also, the GXChain Developer Platform has rich resources, helping developers to begin, launch, and commercialize their applications. Blockchain as a Service (BaaS) GXChain provides BaaS API, which is based on multiple party bookkeeping contracts and IPFS. The BaaS combines the efficient storage and read ability of IPFS and powerful booking ability of GXChain. Any data storage can be traced on the blockchain forever. Dynamic Global Parameter Adjustment GXChain can adjust global parameters without a fork; GXChain committee can propose to change GXChain parameters, including block size, block time, and transaction fee. 28 Smart Contract IDE GXChain developed a tool for developers to compile, deploy, and invoke smart contracts rapidly. Pay Transaction Fees with any Asset Assets issued in GXChain can be used for paying transaction fees. An asset issuer will stake GXC to maintain the exchange rate between an issued asset and GXC. This mechanism is like the issuer using GXC to purchase the token he/she issued. As a result, users do not have to hold GXC to use the GXChain blockchain. @GXChainGlobal #GXChain #BitShares #Blockchanin #Consensus2019 #NYBlockchainWeek #buidlboston https://www.gxchain.org/en/ https://t.me/GXChain_international