ChainX $PCX

ChainX is a pioneering crypto project that endeavors to ease asset interoperability among multiple blockchains. The platform employs an innovative approach to gauge users' mining power based on market value of multiple assets such as BTC, DOT, ETH, ERC20, EOS, among others, which are deposited via an inter-chain bridge.

Understanding ChainX

As one of the cryptography-driven solution in the crypto space, ChainX aims to take the utilization of blockchains to another level. It stands at the forefront of realizing blockchain interoperability - a challenge that has proven to be a major hurdle towards global blockchain adoption. The platform's unique mechanism quantifies mining power according to the market value of various blockchain assets, thus leveraging the value of different blockchains via its inter-chain bridge.

Asset Interoperability

ChainX's main cornerstone is asset interoperability among different blockchains. The platform provides a bridge that allows for seamless interplay and transfer of value across multiple blockchain networks. This not only amplifies the usability of individual blockchains but also facilitates a more integrated and versatile blockchain infrastructure.

Mining Power Measurement

The distinctive feature of ChainX lies in its sophisticated way of measuring the mining power of users. Unlike the traditional proof-of-work or proof-of-stake algorithms, ChainX quantifies mining power based on the market value of assets. This means, the more assets a user has deposited via the inter-chain bridge, the more mining power they possess.

The Role of BTC, DOT, ETH, ERC20, EOS and Other Assets

The integral part of ChainX's mining power approximation comes from various widely recognized assets like BTC, DOT, ETH, ERC20, EOS and others. The more market value these assets hold, the greater is the mining power in the ChainX ecosystem. Therefore, by depositing these assets into the inter-chain bridge, users can optimize their mining power, thereby gaining a competitive edge in the platform.