SonicX, a unique blockchain platform that provides trust, top-notch security and efficiency has developed an exceptional payment gateway that facilitates not only peer-to-peer transactions but also a tokenized system for content storage and online gaming.
Businesses, organizations, and individuals have been struggling with trust, security, and privacy since the advent of the Internet. These problems have caused many organizations and individuals to constantly worry about how best they could secure their data and online transactions. Thankfully, SonicX is ready to solve these issues.
Appreciating the natural fit of blockchain decentralized platform and secured payment system for businesses like gaming and so on, the team at SonicX provide outstanding solutions to these long-standing challenges by building a decentralized platform for the internet users — using the SOX token; a blockchain architecture that has scalability at minimum cost and an ecosystem that will enable internet users to have their own digital governance.
With a focus on sectors such as gaming and all financial decentralized applications, SonicX stands out from other payment systems by bringing both security, scalability, and privacy to business. Notwithstanding the fact that blockchain underlying technology may seem complex, SonicX’s user experience remains friendly.
SonicX’s unique techniques to solve critical payment system issues are described below:
Scalability and Efficiency: The SonicX platform relies on an efficient system of Masternodes & Supernodes for payment processing and transaction verification. With Masternodes, you can have a scalable network that can achieve higher transaction speeds running alongside block producers called Supernodes. This protects the mainnet from myriads of small transactions generated by payment services while supporting regular repetitive payments.
Coming soon is SonicX’s mainnet, it is being launched on 30 June.
Token Verification Infrastructure: This is a blockchain based public infrastructure to inform the community about verified token issuers. It will be implemented through smart contracts — which will store and manage a registry of verified token issuers.
Increased Transaction: Lightning network coupled with P2P optimization to soar TPS ( transaction per second) can facilitate the network to produce blocks of bigger capacity at a faster rate. Also, special serialization will be implemented on SonicX protocol for empty blocks (reduction in size of blocks from – 1 kb to 80 bytes) which will result in increased block rates (20-100% increment)
Short Links Payment Address: The chances to make mistakes with the existing payment address is pretty high. However, SonicX is providing a more user-friendly short link address for transactions.
Proof-Of-Time Storage: This will allow a participant to share their storage capacity for specified Price in SOX. Here, co-users can buy storage capacity among storage providers. Meanwhile, to become a storage provider, one has to install the blockchain software, allocate storage capacity and specify a minimum price rate.
Self-Upgradable Blockchain: Sonicx blockchain will be able to implement more deep modifications and nearly eliminate the chances of blockchain splitting after some nodes choose not to upgrade.
About SonicX Ecosystem: This ecosystem is focussed on bringing business and technology together, and here is how;
Ecosystem Adoption: SonicX platform serves as a bridge to business and technology. As an integrated exchange, SonicX give users direct access to payments and cryptocurrency conversion. Moreso, you can easily set it up through apps available for smartphones and other devices.
Academic Research: SonicX team works with professionals in the field of businesses and technology to keep up-to-date with leading standards that will ensure that the platform remains secured and trustworthy.
Community Driven Fun: SonicX is also a platform for Dapp developer to publish applications. The main idea is to create a community marketplace for both developers and users to have access to the ecosystem’s features. Here, Developers can put projects to receive funding based on a voting system by the community’s Masternode and Supernodes.
Conferences and seminars:
As a community, SonicX holds conferences and seminars for both developers and users who want to further boost their knowledge of the ecosystem. Furthermore, it’s also an avenue to interact with the community regarding issues and concerns
About SonicX:
SonicX blockchain uses delegated Proof-of-stake and masternode networks that provide highest grade transparency and security through on-chain digital governance.
Please visit the website for additional information.
Company Name: SonicX
Website: https://sonicx.org
