X-Block ICO: Company Review and IX Token News Updates

X-Block ICO (IX Token): Blockchain Fog Computing Cryptocurrency?

X-Block is the first global public chain that is built on the Fog computing framework. It has an aim to create a user-friendly, convenient, and light eco-blockchain. By relying on fog computing, X-Block can utilize various devices to form a decentralized computer network.

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How X-Block Will Change Things

With the aid of the Galaxy Super Contract, it will be possible to invoke the powerful fog computing technology. In the meantime, computing power lying idle can be integrated into the X-Block. This is going to empower the blockchain to be integrated into technology such as AI, big data, and Internet of Things (IoT). As a result, it will bring about the smart blockchain era.

X-Block is committed to constructing a complete ecosystem and has created X-Change along with the X-Block fog computing and blockchain tool. This will help create a harmonious token ecosystem. X-Change will be a community exchange, which incorporates the X-Block token via mining and trading.

The Current Blockchain Technology

The Bitcoin represents the Blockchain 1.0. This blockchain exists as an accounting book system. It does not support the development of any apps. With the Blockchain 2.0, Ethereum offered value beyond just crypto coins. It enabled the development of DApps that run on the blockchain.

Despite this, Ethereum has issues of poor performance and an incomplete framework designs. Thus, it is only able to run a simple app. The blockchain 3.0 is the present development. It adopts a new consensus mechanism and a technical framework that focuses on the efficiency of the blockchain.

Out of pursuit of efficiency, many have proposed the Supernode approach. The technology is more versatile than the nodes. It allows for a broader analysis of the nodes. The result has been a quality over quantity paradigm. While it has helped to boost speeds, there has also been a rise in the community’s participation threshold. This is caused by the lack of restrictive resources. The result is that this has gone against the principle of decentralization, which is the aim of the blockchain.

The Issue Of High Participation Threshold

Participation and consensus are what powers the blockchain. This threshold has been rising, which is reflective of a growing requirement for technical performance. It is also an indication of fierce competition for computing power. This is best demonstrated by the bitcoin. In the early days, it was easy to mine the coin; however, that all changed. Now you require the most powerful mining rig to have a chance of getting any bitcoin.

X-Block IX Token ICO Details

Parameters Of The ICO

• Token Name: IX
• Tokens for Sale: 1,750,000,000 IX
• Token Price: 1 IX= 0.0144 USD
• Token Supply: 5,000,000,000 IX
• Hard Cap: 19,500,000 USD
• Soft Cap: 5,000,000 USD
• Date: August 25- October 12
• KYC: Yes

The X-Block Solution

With X-Block, as long as a device has internet access, it can become a fog node without the need for a high-performance CPU. Thus, fog computing will support switch-in of many devices with idle computing power. This project hopes to make it possible for mass adoption of the blockchain.