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Investments & Earnings / Криптовалюты / Обзоры криптовалют

Криптовалюты / Обзоры криптовалют 04-02-2019 3 949 0

What Is the Gemini Dollar (GUSD) Cryptocurrency?Review of the GenesisX cryptocurrency (XGS)

GenesisX (XGS) is a cryptocurrency that challenges hackers who specialize in hacking cryptocurrencies and stealing crypto assets, including by means of a 51% attack. The goal of GenesisX is to maintain stability and protect users and their funds. The idea of the GenesisX blockchain masternode is based on such tasks as recording the date, time and amount of a transaction, the tasks of increasing the confidentiality and speed of transactions, as well as the tasks of fully decentralized network management and the ability for any user to vote on important decisions related to the development of the GenesisX blockchain.

Usually, when creating cryptocurrency masternodes, it is implied that they should be decentralized. However, this is not always the case. Usually masternodes split their block rewards between masternode owners and miners (POS / POW). This is fair and more profitable for the owner of a master class with a higher reward ratio, say, 80% / 20%. Now, if you imagine that a large investor comes and makes one big investment in the masternodes of a certain cryptocurrency, buying a large number of masternodes, then by doing this, he can undermine the entire coin reward system, earning the majority of rewards. Therefore, master nodes are necessary for the network to work properly; they should be rewarded according to their status in the network. Because if they were really based on the functions they perform, they would actually receive almost 95% of the rewards, if not 99%!

In the XGS cryptocurrency blockchain the so-called SeeSaw reward balance system has been developed, which makes it possible to cope with the imbalance in the reward arena. This allows the staking nodes and masternode rewards to be dynamically adjusted. Thus, as the number of masternodes increases, the masternode reward decreases and the staking reward increases, and vice versa. This is done to prevent an excessive number of master nodes in the network, since they will not be as profitable. Nevertheless, master node owners will still receive a large profit by being owners. Each GenesisX POS block reward is split with approximately 90% allocated to staking and master node mining rewards, and the remaining 10% to the platform budget.

All you need to do to become an owner of a GenesisX master class is to download your wallet, then buy 5000 XGX coins, place them in your local wallet and synchronize with the GenesisX blockchain.

At the moment, GenesisX is in the process of creating a platform that will be 100% protected from attacks using classical or quantum computers. Moreover, unlike cryptocurrency companies and developers who claim to keep your personal information safe, the GenesisX platform guarantees it. One of the ways is using the ZerocСoin protocol. This is a cryptographic technology that provides absolute confidentiality and anonymity when needed. All transactions will be verified, showing that they are members of the community, and on the list of valid coins this is part of zero knowledge. Thanks to the use of zero knowledge, there is no need to use digital signatures or centralized localization to prevent any form of double spending. They even plan to apply two-factor authentication on the users' local wallet for additional protection.

The GenesisX team also plans to introduce an online storage solution / platform. Here users will be able to store, upload and transfer files not only securely, but also anonymously. The main advantage is that the user will have full anonymity when using or accessing the platform. 100 master node owners will get the opportunity to obtain an account with access to 1 GB of disk space for free, and this will be a lifetime benefit. Owners who are not masternodes will be able to register an account and pay fees using GenesisX (XGS) coins or fiat currency. The price per month will range from $20.00 for 500 MB to $200.00 for 1 TB. But that's not all. The second part of the storage platform is the ability to send files when sending a transaction. The file will be linked to the block and hash of the transaction in which it was sent. There will be an online system that will allow the user to enter the hash or block, and then enter a password to access the file. However, there is a time limit for this, after which the file will be deleted from the GenesisX storage server.

The price of the GenesisX (XGS) cryptocurrency today, as well as the technical analysis of the GenesisX XGS cryptocurrency, where to buy GenesisX XGS and where to sell GenesisX XGS.

What Is the Gemini Dollar (GUSD) Cryptocurrency?Review of the GenesisX cryptocurrency (XGS)