project_x_open_source_white_page.pdf | |
File Size: | 589 kb |
File Type: |
Design Process
Our focus in innovations is to provide a more secure and scaled ecosystem that integrates the needs of the current market and allows for future growth and change, any industry seeking integration should be able to use PXOS.
Project X OpenSource white paper was developed by a handpick group of diversified professionals who came together intellectually to develop a system, while fully understanding what are the constraints and the needs of the users in different scales and fields.
Project X OpenSource white paper was developed by a handpick group of diversified professionals who came together intellectually to develop a system, while fully understanding what are the constraints and the needs of the users in different scales and fields.
- We work our way backwards from an ideal platform which was constructed by taking in considerations users needs from every known field, a six months survey which provided a list of major requests, we then reinvented the network architecture. We embraced all needed design principles, engineering best practices and lay down the ground for a full exploration
- Establish a private and public blockchain by developing a network architecture of the system and layer them
- Layer and separate computations and information
- Achieve consensus on a ledger, the list of verified transactions, through communication, is required to write and approve new transactions
- Implementation of communication between nodes, each of which maintains a copy of the ledger and informs the other nodes of new information: newly submitted or newly verified transactions
- The Private blockchain operators can control who is allowed to operate a node and how fast the information is received, as well as how the nodes connect; node with more connections will receive information faster
- Set a minimum nodes requirement to maintain certain number of connections to be considered active
- Identify nodes that malfunction by restricting the transmission of information, make faulty nodes identifiable and removable to maintain the integrity of the network
- Private blockchain underlying contracts may grant more-central positions in the network to established trading partners. New nodes may be required to maintain a connection to one of these central nodes as a security measure, to ensure the needed behavior is achieved.
- The network must be structured to function without the offline nodes, and it must be able to quickly bring nodes back up to speed
- Include optional metadata to better conform to the needs of legacy systems
- The network must be structured to be able to expand without interruptions as needed, increasing users and nodes while maintaining the integrity and speed of the network .
- The implementation of peer reviews at every milestone for this project has kept the project in constant progress and mistakes got fixed quickly without regression
- The White Page has been updated daily, weekly and more recently monthly, from the beginning of the project everyone involved understood the gold was to improve a system not to be fixated with a single issue or idea.
- Establish a paid professional committee to evaluate the development and progress
- Conduct studies of users at different levels and integrate to the design common needs across all levels
- Provide a solution for easy access to cryptocurrency itself, the evolution of blockchain networks will not happen unless we users get to experience the system.
- Integrate social elements of e-commerce
- Deconstruct top performing altcoins, identify constrains, flaws and weaknesses as well as successes
- Be able to post-deployed systems without destroying the network
- Start working early with officers and regulators to understand constrains that may in the future affect the project
- Develop standards and process to lock down the final protocol design
This was part of the original invitation sent to selected people when Project X Open Source was founded early 2016:
“Project X Open Source began with the idea of a Utopian Blockchain Network, which integrates today users’ needs and allows for future expansions and changes without the need to rebuild the entire system. Progress and change are vital parts of the development and life of Project X Open Source, and must always be present when designing this project. BlockChain-based-systems are transparent and if used in a constructive way can revolutionize our world, somehow early attempts of BlockChain networks did more harm than good when it comes to a public image. The result of past failures in security, scalability and authenticity gave Blockchain a public perception of a flawed system, unsuccessful with a high risk. The public perception is a constant black cloud orbiting BlockChain systems, and won’t go away until we can build a system that satisfies all questions, only then past failures will be attributed to inexperience. It’s up to Project X Open Source to stay ahead the curve and avoid repeating the same mistakes. By setting impossible goals to create a Utopian system, PXOS will find all necessary answers to change the public perception, allowing supporters find comfort and regain trust. This project is meant to repair the image of Blockchain, and we will take extreme measures with security, which latter can be scaled down if found unnecessary, to demonstrate this system may be just one of the greatest inventions of the 20th century” LV
“Project X Open Source began with the idea of a Utopian Blockchain Network, which integrates today users’ needs and allows for future expansions and changes without the need to rebuild the entire system. Progress and change are vital parts of the development and life of Project X Open Source, and must always be present when designing this project. BlockChain-based-systems are transparent and if used in a constructive way can revolutionize our world, somehow early attempts of BlockChain networks did more harm than good when it comes to a public image. The result of past failures in security, scalability and authenticity gave Blockchain a public perception of a flawed system, unsuccessful with a high risk. The public perception is a constant black cloud orbiting BlockChain systems, and won’t go away until we can build a system that satisfies all questions, only then past failures will be attributed to inexperience. It’s up to Project X Open Source to stay ahead the curve and avoid repeating the same mistakes. By setting impossible goals to create a Utopian system, PXOS will find all necessary answers to change the public perception, allowing supporters find comfort and regain trust. This project is meant to repair the image of Blockchain, and we will take extreme measures with security, which latter can be scaled down if found unnecessary, to demonstrate this system may be just one of the greatest inventions of the 20th century” LV
PXOS, has not and will not hold an Initial Coin Offering "ICO" to lean how to obtain PX tokens visit Token&Wallet