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Machine Xchange Coin (MXC) provides a unique distributed "Internet of Things data transaction network" for the global token economy. IoT data can be shared at scale while ensuring complete end-to-end privacy. The MXC Foundation is committed to the research and application of Low Power Wide Area Internet of Things (LPWAN) and blockchain technology. MXProtocol is the core of MXC. It is a completely decentralized standard protocol based on LPWAN. It solves the following problems: 1. Solve the conflict of free frequency band IoT through ACC; 2. Solve LPWAN IoT through intelligent bidding technology Downlink resource allocation problem; 3. Solve the problem of IoT data cross-chain transactions and services through the cross-chain data market.
Machine Xchange Coin is the first cryptocurrency based on tokens used to connect existing IoT devices, and can be used to reward network participants, pay for services, and trade.
MXC's vision is to simplify and increase IoT data transactions through a systematic protocol. MXC takes the future of Low Power Wide Area Network (LPWAN) and Machine eXchange Protocol (MXProtocol) as basic research protocols. Taking advantage of this solid foundation of equipment network, MXC has launched a very unique cryptocurrency - Machine eXchange Coin (MXC). It can increase data transactions and realize unique data circulation certification in the huge data market.
MXProtocol is committed to reducing conflicts between networks, building a link data market, developing a network coverage market, and introducing an independent Quality of Service (QoS) framework for data providers and receivers. MXC gives individual network users, companies and enterprises the opportunity to participate in the first-ever distributed, ubiquitous and secure LPWAN construction. Users can trade and profit from MXC simply by connecting “anything” to the network.
MXC builds MXProtocol into a sharing economy platform, encouraging all participants to contribute. MXProtocol is a distributed network protocol consisting of corporate and individual resources based on public blockchains. The design of the public blockchain makes MXProtocol efficient and independent: the more people use it, the stronger the network.
A blockchain should have four key properties: distributed consensus, low latency, flexible trust, and progressive security. In other words, MXProtocol should run on a public blockchain with:
• A real consensus network.
• It will remove mining rewards.
• All transactions are confirmed quickly.
• has an anti-blocking mechanism. Precautions should also be taken against malicious users flooding the network (denial of service attacks).
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