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ProximaX combines blockchain, storage, streaming and an advanced consensus algorithm to enable a rich, all-in-one platform for broader cross-industry application and decentralized app development.

ProximaX (pronounced as Proxima X) is a blockchain-based decentralized storage and content delivery network developed by some of the people behind the NEM blockchain platform. ProximaX is a leap forward, providing a holistic solution that combines on-chain and off-chain services and protocols. Purpose-built for utility, ProximaX is a suitable replacement for end-of-life, traditionally centralized architectures. It is a revolution: blockchain reimagined and evolved.

BLOCKCHAIN
ProximaX leverages NEM technology to provide private and public blockchain, enabling anyone to join and participate in the network. An incentivization mechanism will be implemented to encourage more users to join and participate in the network.

STORAGE
ProximaX is a storage solution based on InterPlanetary File System (IPFS), a distributed file management system (DFMS) protocol. Essentially, it is a decentralized storage network using a peer-to-peer distributed architecture that frees up users from the influence of any third-party storage provider.

STREAMING
ProximaX will utilize PeerStream Protocol (PSP) to be provided by PeerStream, Inc. The protocol will provide node privacy in P2P messaging, online presence, routing and real-time streaming protocol designed for secured off-chain communication channels between crypto identities.

CONSENSUS
ProximaX will use multi-layered consensus protocols for voting, governance, harvesting and to reward network nodes for contributing storage and bandwidth resources on the network. ProximaX nodes, DApp developers, and content creators will be rewarded in XPX tokens based on their various business models on the platform.

Website: https://proximax.io/
Youtube channel: https://www.youtube.com/channel/UCky9HP0VlqsnGQWrbMPFVnw
Telegram: https://t.me/ProximaXio

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https://www.youtube.com/channel/UCnsSiqyb0PuQkqT4v8Xjugw
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Twitter:
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BCT:
https://bitcointalk.org/index.php?topic=654845.0

https://youtu.be/agFXH_AcNN0

The Internet: a vast framework of interconnected applications, networked systems and mobile devices essential to our daily lives. It’s the primary means by which we communicate, learn, create, shop, work, share, play and manage our finances. We cannot imagine a world without it. Yet the very foundation of this technology, invented over a quarter century ago, is in jeopardy. It suffers from vulnerabilities in scale, security and privacy, and increasingly is prone to fraud. Together these threats will disrupt the technology we have become so reliant upon. Businesses built on centralized computing struggle to keep pace with ever-increasing scale of use, which drives up costs and further limits accessibility to the developing world, where only the elite can profit from the advantages of connectivity.

Challenges in privacy, confidentiality, data security and integrity, and centralized systems have plagued the internet today. Traditional private, internet-related organizations have attempted to resolve these challenges only selectively, as their profit motive is not aligned with that of the consumer interests. The tech giants want their users to “trust” them implicitly without actually addressing the underlying obstacles.

“Blockchain” Technology, the underlying innovation that powers Bitcoin and NEM, promised more robust decentralized and distributed networks, thus eliminating costly intermediaries and creating a human-powered, interconnected network, but it was not without its flaws. Early versions of blockchain proved too complex, insecure, costly, and unscalable to bridge the gap between theoretical and real-world utility.

ProximaX, a blockchain-based decentralized platform developed by the people behind the NEM Blockchain and Catapult platform, intends to solve these challenges by using their expertise in an eco-friendly distributed ledger technology, P2P internet protocols and ease of integration API driven architecture allowing DApp developers and businesses to more readily deploy and manage their solutions.

ProximaX extends traditional Blockchain protocols by integrating a number of off-chain, peer-to-peer service components (layers) that are found in traditional SaaS and IaaS based centralized architectures, like content delivery networks (CDN) and cloud offerings. The primary services being that of storage and streaming media - all managed and governed by a robust set of consensus protocols to ensure integrity of the network along with measuring, validating, and incentivizing the decentralized workforce to prosper and grow scale.
By parallelizing all of these services and protocols in manageable, but distinct layers, ProximaX solves for the cost-effective conundrum in Blockchain ledger transactions, whilst maintaining flexibility, ease of adoption and integration, security, and speed. All packaged within an all-in-one extensible framework.
To maintain its integrity and value, ProximaX steps up the game from traditional blockchain and introduces concurrent advanced and complex consensus algorithms with a combination of 1) Proof of Importance (POI), perfected by NEM; 2) Proof of Storage (PoS), for measuring allocation of distributed disk space, and; 3) Proof of Bandwidth (PoB), a costly and more precious commodity in delivery of data and streaming media. Bandwidth measurement is rarely factored into mainstream blockchain projects as a reward metric to the node workforce. ProximaX is changing that.

ProximaX further powers its utility token economy with a native coin, XPX, that allows for a sustainable marketplace for its services - only possible with a best of breed blockchain engine found in NEM that roots from NEM’s Top world-ranked cryptocurrency. ProximaX is a revolution on top of the existing evolution of Blockchain and DLT with the creation of a utility-rich platform and protocol in which businesses, enterprises and entrepreneurial innovators can avoid costly, failure-prone centralized architectures yet enjoy sustainable and secure service offerings. Content Delivery and Storage, Streaming Media, decentralized marketplaces, big-data, measurement/analytics, IoT, and flawless record keeping and KYC are just a few use cases for ProximaX.

https://www.youtube.com/watch?v=2ZqeFpGfqSE

ProximaX is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich services and protocols. With a NEM.io inspired blockchain layer at its core, a decentralized storage layer through IPFS, and a P2P multimedia streaming and messaging layer powered by PeerStream Protocol (PSP), ProximaX will enable a rich, all-in-one platform for broader cross-industry application and decentralized app development.

That's what I understand, a very interesting project, but the biggest thing I like about the project is based on the NEM platform, so I think that now the NEM project has all the chances to break out into more profitable positions, I think that NEM will soon be a very public product.

I'm praying for this for more than 3 years already. Yep, Nem gave me a lot of profit, but it's too slow in development, too sluggish. And now all these personnel changes...

When the planned output of the project on the exchange? I did not have time to buy during the ICO, but I really want to invest in this project.

Probably at the end of this month