What is ProximaX?

roximaX is a cutting edge Integrated and Distributed Ledger Technology (IaDLT) improvement stage controlled by blockchain innovation". ProximaX Sirius additionally works related to blockchain innovation, to accomplish more prominent security as far as how to boost the client, with the ID of the equivalent and with the state the executives and trade of benefits, ProximX has figured out how to take the best conceivable favorable position of that blockchain innovation has an institutionalized system enabling it to associate with other services.ProximaX Sirus stage arrangement actually gives all arrangements of advancement apparatuses and administration bundles for engineers that is exceptionally effective and simpler to deal with. ProximaX enables a business to almost eliminate back office expenses by cutting out the middleman. Massive data collection is a fact of life for almost any business. Data must be entered, reconciled for regulatory reporting, and passed on to the appropriate individuals. Blockchain technology eliminates many of these steps by providing a real time audit of transaction while maintaining both transparency and security.
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The data gathering capability along with smart contracts and cloud storage will change the banking industry, the real estate industry, and almost any business dealing with data on a daily basis. The ability to verify reported transactions in an instant is worth a fortune to these industries.
The applications are endless.

Proximax Technologies

Proximax Sirius chain is powered by the latest version of NEM’s blockchain called “Catapult” (Dragonversion) Catapult provides all the predefined set of features needed to create almost any type of service solution in the world today. Sirius chain creates simple contracts that can be used for different business purposes. for instance Sirius chain is used to create smart contracts guiding the creation of tokens that represent a tangible value in real word and used as a process of digitalizing businesses. Proximax also implores the use of service units to tie each core service a representation that is allied with the intentions of the
units. With these service units the platform is able to create a token economy infrastructure for incentivization that is tied up with node reputation, thereby enhancing the overall utility,performance, and security of the network.

The Sirius Chain

To enhance the utility, security, and performance of the network, Proximax introduces service units, another novel concept, which are fundamentally digital token contracts which makes it possible for businesses to be partly digitalized, as they can create a digital token which aligns with their intentions. With the Sirius chain, Proximax can become an ecosystem of services with a solid token economy.

It is interesting to note that, the Sirius chain is an updated copy of a very successful chain in the blockosphere, NEM's Catapult. This network has been seen to be able to handle the burden of extended ecosystems and of other side chains that run on the network.

The Sirius chain has the Proof of Stake (PoS) as its consensus algorithm which utilizes both wealth and age as part of its reputation system to determine who gets to validate transactions or not.

Sirius Database

Like the blockchain, this service also runs in a decentralized manner with other blockchain properties such as transaction contracts, metadata storage, and asset management. It also maintains MongoDB as its ledger to store the chain of records identified by a hash. The MongoDB which powers the IPBD has features that ensure scalability. These features include high throughput and capacity as well as low latency.

The Sirius database is a component that is compatible with several technologies outside Proximax making it _ technology agnostic_. It's been confirmed that it is also compatible with the Ethereum Virtual Machine and IPFS. The Sirius database allows an application to respond as though it was built with any other decentralized processing technologies and it provides the advantages of the pre-existing libraries as it has an underlying data store.

Sirius Content Review

This service allows content managers to facilitate a review process based on the consensus on the entire network. By this, contents that are generally considered inappropriate for the entire network or a particular section of it will be prevented from being published on the network.

Sirius Streaming

While for storage streaming, data is streamed out from storage nodes; for live streaming, it uses a different set of nodes which distributes and replicate data streams in real-time across different viewers. The storage streaming services allow for data downloads not only for the content owners but also for the streamed viewers.

The storage streaming node actors include acceptors, replicators and storage verifiers, similar to the Sirius storage node because in actual sense storage streaming is just another form of interaction with the Sirius storage. The live streaming node has an altogether different process, hence different actors including Stream discovery node, stream landing node, stream verifier node, stream distributor node, stream sender, and the stream receiver.
The Sirius streaming services select the bests nodes to service consumers. It determines the best nodes based on the bandwidth statistics collected from them in an indeterministic way and uses this data to determine the performances of the available nodes (which is maintained in a list by the stream discovery nodes aforementioned) and assign reputations to the authenticated available nodes.

The Sirius Storage

Proximax provides a trustless form of storage known as a Distributed File Management System (DFMS). This storage system utilizes encrypted data sharding in safeguarding data. This means that the Sirius storage encrypts data (structured and unstructured binary data), splits it (this is what is known as sharding) and distributes it to peer-to-peer storage devices hosted by different decentralized owners on the network. These persons are not manually hand-picked but are pre-selected by the network's consensus algorithm previously mentioned.

The Sirius Storage is more than simply a storage platform. It is also a repository for supercontracts and the nodes which make up the Sirius Storage also act as executor nodes, as they not only store these blocks of codes but are also equipped with a virtual machine to execute these codes. This set up is no doubt poised to facilitate the code execution and have a collative effect on the network of faster transactions.

Unlike most other available decentralized storage systems, Sirius storage can handle all types of binary data including graphics, video or the popular text content.

There are three major actors in the Sirius storage; the acceptors, replicators and the storage verifiers. Upon the request of a consumer, that is a Dapp, the Acceptor nodes accept the request and then propagate the files to the replicators which then stores the file. the storage verifiers primarily check out for idle replicators or offline replicators and when identified, initiates further replication of the files.
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Supercontracts

Even if there are no bugs, one might need to update the codes in them, to make it more lightweight and efficient, but this is also difficult, because of its immutability. This is the major reason why they have been tagged blockchain "bloaters", as they make the blockchain unnecessarily large, thereby making synchronization of new nodes expensive and painstakingly difficult.

Proximax's Supercontracts eliminates these weaknesses of traditional smart contracts. They can be easily modified, stopped and also easily executed. The reason for this is that they are stored on the Sirius storage ( which can hold and execute codes simultaneously) and not on the Sirius chain. Of course, modifications made to the contracts are those agreed upon by the pre-established authorized parties in the consensus algorithm.
By storing the super contracts on the Sirius storage, Proximax brilliantly eliminates the weaknesses of traditional contracts and realizes its goal of building executable codes of digital contacts which can be custom-built for specific business purposes.

RoadMap
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