ChainX Price

ChainX is a cryptocurrency that aims to become a cross-chain hub for digital assets. It enables decentralized transfer of assets like BTC, ETH, EOS, and ADA between different blockchain networks. As the first Polkadot ecosystem chain built on Substrate technology, ChainX will connect to the Polkadot network as a secondary relay chain to facilitate interoperability of cross-chain assets. Key features of ChainX: - Current price: $0.00879 - 24h trading volume: $1.23K - Market cap: $109.92K - Circulating supply: 12.5M PCX - Max supply: 21M PCX ChainX was launched in 2017 and has since reached an all-time high of $17.54 on March 30, 2021. It is currently ranked #4823 by market cap. The project aims to create a fully decentralized cross-chain asset transfer system, allowing seamless movement of digital assets across different blockchain ecosystems. Investors can track ChainX's performance on its official blockchain explorer. The development is open source, with code available on GitHub. For the latest updates, users can follow ChainX's official Twitter account and join discussions on their Reddit community.

ChainX was created on June 27, 2017. It was launched as a cryptocurrency aimed at becoming a cross-chain hub for digital assets. ChainX is built on Substrate technology and was the first Polkadot ecosystem chain to go live. Its goal is to enable decentralized cross-chain asset transfers, allowing cryptocurrencies like Bitcoin, Ethereum, EOS, and Cardano to freely circulate across different blockchain systems. As part of the Polkadot network, ChainX aims to help facilitate interoperability between various blockchain ecosystems.

The founders of ChainX are not publicly disclosed. ChainX was launched in 2017 as a decentralized cross-chain asset hub built on Substrate technology. It aims to enable seamless transfer of assets like BTC, ETH, EOS, and ADA across different blockchain networks. As the first Polkadot ecosystem chain based on Substrate, ChainX plans to connect to the Polkadot network in the future via a secondary relay chain to facilitate interoperability of cross-chain assets within the Polkadot ecosystem. While the specific individuals behind the project remain anonymous, ChainX has an active development team working on its cross-chain infrastructure and integration with Polkadot.

ChainX operates as a cross-chain digital asset hub on the Polkadot ecosystem. It utilizes Substrate technology to enable decentralized asset transfers between different blockchain networks like Bitcoin, Ethereum, and others. As the first Polkadot parachain, ChainX aims to connect to the Polkadot network as a secondary relay chain, facilitating interoperability of cross-chain assets. The native token PCX is used for governance, staking, and transaction fees on the ChainX network. It has a maximum supply of 21M PCX tokens, with 12.5M PCX currently in circulation. PCX can be traded on cryptocurrency exchanges and stored in compatible wallets. ChainX's cross-chain bridges allow users to transfer assets between connected blockchains seamlessly. The network employs a Nominated Proof-of-Stake (NPoS) consensus mechanism, where token holders can stake PCX to secure the network and earn rewards. Key features of ChainX include its Bitcoin Layer 2 solution, multi-signature wallets, and decentralized exchange functionality. The project aims to become a hub for digital asset management and cross-chain DeFi applications within the broader Polkadot ecosystem.

ChainX utilizes a multi-chain architecture based on Substrate technology. Its key technical components include: 1. Cross-chain asset bridge: Enables seamless transfer of assets like BTC, ETH, and EOS across different blockchain networks. 2. Substrate framework: Provides a modular and upgradeable blockchain development platform. 3. Relay chain integration: ChainX will connect to the Polkadot network as a parachain in the future, enhancing interoperability. 4. GRANDPA consensus: Uses a hybrid consensus mechanism combining BABE for block production and GRANDPA for finality. 5. Runtime upgrades: Allows on-chain governance to upgrade the blockchain without hard forks. 6. Smart contracts: Supports WebAssembly-based smart contracts for advanced functionality. 7. Light client: Enables efficient verification of transactions on resource-constrained devices. This architecture allows ChainX to serve as a decentralized cross-chain hub, facilitating asset transfers and interactions between multiple blockchain ecosystems in a secure and scalable manner.

ChainX has an ambitious roadmap focused on becoming a leading cross-chain asset hub in the Web3 ecosystem. Key future developments include: 1. Enhancing cross-chain interoperability: ChainX aims to enable seamless asset transfers between major blockchains like Bitcoin, Ethereum, and others. 2. Polkadot integration: As the first Polkadot ecosystem chain built on Substrate, ChainX plans to connect to the Polkadot network as a secondary relay chain. 3. Expanding supported assets: The team will work on adding more cryptocurrencies and tokens for cross-chain transfers. 4. Improving scalability and performance: Ongoing technical upgrades to increase transaction throughput and reduce fees. 5. Governance enhancements: Refining the on-chain governance system to increase community participation. 6. DeFi ecosystem growth: Fostering the development of decentralized finance applications on the ChainX network. 7. Partnerships and integrations: Collaborating with other blockchain projects to expand ChainX's utility and adoption. The ChainX team is committed to regular development updates and community engagement. While the exact timeline may evolve, these initiatives are expected to drive ChainX's growth and value in the coming years, potentially reaching $0.0174 by 2031.