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Author Topic: NEM (XEM) - ProximaX, NEM’s answer to Ethereum’s Swarm and Whisper?  (Read 46 times)
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April 17, 2018, 12:19:23 PM
Merited by rigel (1)

Recently, Lon Wong announced that he was stepping aside as President of the NEM Foundation to head a new initiative, ProximaX (, for which many claim is a paradigm shift that could well take Blockchain into the next level – Blockchain 3.0.

ProximaX is going to launch an ICO soon and it appears that the response has been good given the downturn in the cryptocurrency market and the stringent “Know-Your-Customer” (KYC) requirements accorded to new ICOs that abide by the requirements of local authorities. ProximaX is said to be located in Gibraltar, a friendly jurisdiction, but appears to be quite stringent with the level of KYC required to participate in this ICO.

So, what is Proximax? According to their website, “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.” Further, according to their whitepaper (, it is 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.”

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