XMAX – A New Vision for Blockchain Development

July 21, 2018 15:50 UTC
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Not long ago, cryptocurrencies were believed to be a fringe concept better suited for convoluted and hyper-technical applications at best, and dark-web drug dealers and money launderers at worst. At the time of writing, crypto has broken ground as something that has evolved beyond a fad. It has even made its way into the certification exams as part of the Chartered Financial Analyst (CFA) Institute’s updated curriculum.

Coinbase, a popular cryptocurrency exchange, is now starting to acquire traditional finance companies and has opened channels of communication with government regulators. This signals that mass adoption of crypto has achieved a solid foothold and doors have been opened for our fascination with blockchain technology to soar to its full potential.

But how exactly will we reach those new heights? XMAX has the answer to that question.

With a Software Development Kit (SDK) based on the widely-used JavaScript language, XMAX seeks to establish itself as the development toolkit for the creation of decentralized applications (DApps) that will pave the way for blockchain technology to impact humanity in ways we may not have expected.

WebX.js is the name of the JavaScript programming language developed by the XMAX team to facilitate the creation of blockchain DApps. With XMAX, developers do not need to understand the underlying blockchain programming languages to produce entertainment applications. WebX.js will streamline the mass adoption of blockchain technology by making development more accessible. It is a quantum leap—a paradigm shift into the coming era.

Considering what many DApps will be programmed for, XMAX has systems and templates in place for video, music, web browsing, messaging, and even 3D game architecture. Programmers will be able to create video games that are tightly integrated with blockchain. How fascinating would it be to design a game system with decentralized smart contract technology? This opens a world of possibilities, not just for the sale of video games, but also for microtransactions within the game’s own platform. Further, imagine how difficult it would be to pirate software embedded in the immutable and distributed ledger of a blockchain!

The XMX Token

The XMAX Foundation plans to produce and distribute 30 billion XMX tokens. XMX is currently being traded on Huobi’s HADAX exchange and tokens at the time of writing are trading for approximately $0.002 USD.

Roadmap

2018 Q3

  • Build the base-layer infrastructure for the Galaxy Multichain Network.
  • Create the blockchain Packet System
  • Build the test network based on Ethereum.

2019 Q1

  • Create the Consensus Mechanism and Network.
  • Build a multiple node network.
  • Continue designing mainchain tools.
  • Build the 21-node testing framework. Support multiple platforms including Windows, MacOS, Linux, etc.

2018 Q4

  • Implement consensus mechanism based on VRF.
  • Develop JS virtual machine sandbox.
  • Create native system contracts.
  • Design account system.
  • Build a single node testing framework.

2019 Q2

  • Optimize the testing framework for 2,100 nodes.

Team

Alex Nikolaev

Alex is the founder of Forseti, an arbitration protocol for DApps, and co-founder of Hashlab.org a blockchain development firm. He is a blockchain enthusiast, passionate about mechanism design and cryptoeconomics. He has won numerous blockchain hackathons including Blockchain Hack 2016 (Waves 1st place) and Blockchain Hack 2017(Qtum 3rd place).

Hughes Ching

Hughes attended the University of Waterloo, and in 2014 he founded Jing He Capital, a TMT (Technology, Media, and Telecom) investment company focused on the gaming and entertainment industry. Hughes previously invested in UBER, ChangBa, the Wanda Group, and other successful entertainment industry projects. In recent years, he founded Consensus Capital, a digital currency investment fund, which has made early-stage investments in Elf, NBS, Seele, CNN, ABT and other blockchain projects.

Christopher Manzano

Chris is a builder for the developer community and specializes in user experience design for online economies. He has worked with some of the top game companies in Asia and believes that blockchain technology should be designed with simplicity in mind. His role is to empower developers and blockchain DApp users on the XMAX ecosystem through educational outreach.

Synopsis

XMAX could very well be the biggest thing to happen to blockchain since the Bitcoin whitepaper. If the XMAX team succeeds in their quest to turn WebX.js into the new standard for DApp development, XMAX will create new realities and build a path for the future of entertainment on the blockchain.