breakthrough! The ETX mainnet is only 9 days online, the entire network has exceeded 250G, and the popularity of ETX has continued to rise

Caesar Bruce
3 min readApr 16, 2020

For a long time, we have misunderstood the value judgment of virtual currency, that is, the currency that is currently showing a good situation is the currency that can follow up for a long time. However, after a long period of exploration and summary, our standards for judging the value of virtual currency will change. Since the value creation capability of virtual currencies is determined by various indicators, we should conduct a comprehensive and comprehensive analysis on whether a virtual currency is worth following up. In addition to considering the current popularity of the digital currency, it also needs to consider its technical level and the level of community activity.

As a new ctyptocurrency, ETX (EthereumX · NET) has been launched from the main network until now. After a short period of 9 days of development, the entire community has reached an average of 15,000 active people per day, while showing rapid Development trend. Furthermore, ETX (EthereumX · NET) as a truly digable digital currency, 9 days after its mainnet was officially launched, the entire network computing power has exceeded 250G, and many professional mines have access to ETX (EthereumX · NET) It can be seen that the popularity of ETX (EthereumX.NET) is high.

Furthermore, from a technical perspective, ETX (EthereumX.NET) adopts a layered architecture of main chain + side chain. The main chain is only responsible for the circulation of ETX (EthereumX.NET). DAPP runs on the side chain, and the safe transfer of value between the main chain and the side chain is completed through the ETX side chain transfer mechanism. ETX main chain uses the mechanism of arbitrators’ joint signature to ensure the security of transfers with the side chain. The main chain holders jointly elect a certain number of “arbitrators”. The arbitrator is responsible for the token transaction from the side chain to the main chain. By signing, most arbitrators’ signatures can unlock transactions on the main chain from the account representing the side chain to the ordinary account.

ETX (EthereumX · NET) side chain can use any consensus mechanism. At present, the ETX team has developed a side chain based on PoW consensus, which can be connected to the main chain to complete DPoS-based recharge and coin withdrawal operations. This PoW-based side chain can use the main chain’s computing power to protect its own security. The right to use the main chain’s computing power is given to the “arbitrator” elected based on the DPoS consensus. Packed out of blocks.

ETX (EthereumX · NET) is under strong technical guarantee and at the same time has a very high popularity value. It is believed that after a certain period of operation, ETX (EthereumX · NET) will be glorious.

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Caesar Bruce
Caesar Bruce

Written by Caesar Bruce

a finance,blockchain & fintech enthusiast,loves to focus on some altcoins and new fintech project.Remember Do Your Own Research.

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