FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS

Platform

  • ProximaX is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich services and protocols. With a NEM.io inspired blockchain layer at its core, a decentralized storage layer through IPFS, and a P2P multimedia streaming and messaging layer powered by PeerStream Protocol (PSP), ProximaX will enable a rich, all-in-one platform for broader cross-industry application and decentralized app development.

  • The ProximaX solution will essentially consist of three underlying services as currently designed – content delivery, messaging, and a Distributed File Management System (DFMS). These services SHALL be managed from a side chain that we are looking to develop. This side chain shall be attached to the main public chain of NEM, which is expected to run using the Catapult public chain at a later date. All XPX transactions will be in the form of mosaic on the main chain, including possibly, the data hash.

    The side chain shall have its native token as XPX which shall have an atomic swap with the main chain. This solution will not only serve our purpose, but will demonstrate the power of the NEM blockchain using Catapult, and how, many more applications can be developed with side chains.

  • ProximaX can be used, but not limited, in content delivery and storage, supply chain management, streaming media, decentralized marketplaces, big-data, measurement/analytics, IoT, flawless record keeping and Know-Your-Customer (KYC).

  • After building the foundational technological infrastructure in its first two years, ProximaX aims to extend its layers through (1) privacy transactions at the blockchain layer, (2) commercial nodes to be hosted by app developers to enable DApps freemium models, (3) web hosting and content delivery, and (4) turing complete virtual machine.

  • ProximaX is providing a storage solution which is based on the Distributed File Management System (DFMS), which is essentially a peer-to-peer distributed architecture making the network decentralized and users free from the influence of any third party storage provider. It will allow client-side encryption, making the data secure. The system is immune to traditional threats of security and privacy as the system is based on an encrypted, shared file storage in a peer-to-peer network. An absence of any central authority makes the network accessible 100 percent of the time as if some nodes go offline the next sufficient node takes its place.

  • ProximaX will use multi-layered Consensus protocols for voting, governance, harvesting, and to reward network nodes contributing storage and bandwidth resources to the network. The three major consensus protocols will be used to govern on chain and off chain resources, services and activities are: Proof-of-Importance (PoI), Proof-of-Storage (PoS), and Proof-of-Bandwidth (PoB).

  • Proof-of-Importance (PoI) is a blockchain consensus mechanism introduced by NEM. The function is similar to proof-of-stake where the nodes need to ‘vest’ an amount of currency to become eligible for creating blocks. However, in PoI, user’s importance is determined by how many coins they have and the number of transactions made to and from their wallet. In PoI transactions volume, one’s overall support of the network, and trust become factors.

  • Also called Proof-of-Capacity (PoC), Proof-of-Storage (PoSt) is a method where a single node dedicates a non-trivial amount of disk-space to solve a challenge presented by the service provider. PoSt is very similar to proof-of-work (PoW), the difference is instead of computation, storage is used. Proof-of-Storage is relevant yet considerably different from, memory-hard functions and proofs of retrievability.

  • Proof-of-Bandwidth (PoB) is a consensus where multiple oracle verification mechanisms will be used to report and validate P2P nodes bandwidth contribution to the network.

  • ProximaX further powers its utility token economy with a native coin, XPX, that allows for a sustainable marketplace for its services. This has no security instrument tied to it and is a consumptive or utility cryptocurrency whose value is determined by market demand and supply.

  • ProximaX will develop a dynamically-configurable economy model that is based on periodic (monthly/annual) subscription. ProximaX users will periodically use the native token (XPX) to subscribe to the network in exchange for  ‘ProximaX Power’ . ProximaX will develop a system to define, charge, and consume user’s ‘power’ over subscription periods. Where payments will take place on a side-chain ‘power’ layer rather than the core blockchain transaction layer. Power layer will have a consensus model tuned for higher frequency power distribution. Power will be allotted to users via cross-chain exchanges with the core blockchain transaction layer.

  • No, ProximaX isn’t a blockchain or a new blockchain. ProximaX has decentralized layers on top of the NEM blockchain.

  • Yes, that is the whole concept. ProximaX has decentralized layers on top of the NEM blockchain.

  • ProximaX will be open source.

  • Yes. We have links to each of them on the website.

  • That was not intentional at all. We had a private logo contest internally. Out of 50+ entries, we’ve all agreed to use that one. The logo was not copied from any logo but it was inspired by the NEM logo shield with the 4 colors representing the ProximaX technology layers.

  • File storage, content and messaging put into the platform. Additionally, we will work to include natural language programming in the solution.

  • The NEM blockchain should not be burdened with too many heavy features and applications such as ProximaX. Already it is now stretched, just with its current features. For a high bandwidth and storage heavy solution, it makes better sense to segregate than to put everything together.

  • xarcade.io uses an experimental but stable version and we tested both immutability and mutability on the website content.

  • The entire static website is hosted on the p2p network storage. Meaning, we pointed the DNS of xarcade.io to a ProximaX data hash which then loads that content using the unique identifier (content address/multihash). That data hash ensures the file is unique and will never be tampered.

    Tampering it will change the data hash itself. So if you look at it, DNS just needs to use the same “untampered” data hash. Even if a hacker downloads the entire site, modify and use ProximaX to load the file to the p2p storage, the site content that the hacker has will have a different data hash. If the hacker manages to hack and change the static files from the initial host where we loaded the static website, it still won’t work because the file is already scattered through gateways/peers and retrievable by the unique data hash.

    It would also be interesting to know that xarcade.io has an application written in angular (which is purely static) which is also hosted on ProximaX. So if you are going to build an angular application you can use ProximaX to load your front-end app into the p2p storage network.

  • ProximaX sits on top of NEM, therefore we use NEM network. This means that it will sit on top of the NEM network.

  • We have a small testnet running. After the ICO, we are going to extend the testnet with more nodes. In Q3 2018 we start with the “normal” network setup.

  • In the White Paper on https://proximax.io

  • We don’t have the intention, but simple services can be incorporated into the wallet. Our platform shall have  easy to use APIs and SDKs for DApps to be developed upon.

  • Yes to both. PeerStream, Inc. is a vendor partner and that’s also the name of their Protocol.

Nodes

NEM-Related

Mosaic XPX

Decentralized Applications (DApp)

Storage

  • This is not in the scope of the development team of ProximaX. But because of the easy to use APIs, everyone could make an application easily. Perhaps it can be a DApp.

  • The file storage is really up to the peer itself. A peer can allocate a small hard drive and it will still be able to participate in the peer network. No cost economics have been looked into, so far.

  • There will be multiple versions of P2P network connection.

    One offering uses the IPFS stable version downloadable on the IPFS website. This distribution will connect a certain participant to the global IPFS network.

    Another version will participate only within ProximaX Network nodes. This means that nodes connected to ProximaX bootstrap or common nodes can only communicate with one another and cannot at all communicate with the global IPFS nodes.

    Another version is an on-demand private node. We have a forked version of IPFS that can be configured to work on internal or privatized networks. This means that nodes connected to this will neither be connected to IPFS global or ProximaX global.

  • Yes and No. We are not just a storage solution. We are a development platform. Hence, we are a superset. Developers can make a DApp service and offer such a service like Storj or SIA.

  • Distributed File Management System.

  • The DFMS is a working model today. We will further enhance the DFMS, develop the content delivery and messaging, add natural language programming, develop the POX, and finally develop the routing layer for the side chain.

    By which time, it is then time to integrate into the new Catapult public chain slated for release next year. In the meantime, people can use the DFMS that we have on the old NIS1 version that is currently running now. We will set up 200 nodes for that.

  • Note: Suppose I trick my node to never store anything and always leave all the disk space unused

    This is not firmed up yet. We are still working on the consensus mechanism. It could be the Proof-of-Storage is a minimum “vested” storage space that allows a person to harvest.

  • Yes, it works like how PLAIN/SECURE messages are done in NEM. If you uploaded a PLAIN type file, it’s going to be publicly available. If it’s a SECURE type, the file will be encrypted using the same encryption mechanism as NEM secure transactions.

  • Yes. Fractions or blocks in different nodes. When a file is replicated to a node (meaning a request was made to a file from a different peer) it gets a copy of it and shreds it into blocks.

  • The copy of the file will be part of the network therefore if the peer that uploads the file suddenly inaccessible, the files will still be accessible.

  • Each file will have a unique data hash which is stored in the message part of the NEM transaction. Therefore to access a file one needs to have a NEM account. However, this only applies to files that are encrypted. Files stored as a PLAIN message on NEM can be accessed via the common HTTP/S gateways since they are by default “public”. SECURE files, however, are encrypted with the same encryption mechanism as NEM secure transaction.

  • We are trying to design a “denylist” for the storage solution. The idea is to block certain data hash that will be sourced or coming from the likes of DMCA takedown notices. We are still in the middle of doing our research and design for this but it’s certainly one of the features that we are keen to implement.

    Part of the consensus protocol is to determine what content needs to be shutdown or removed as specified. We were thinking that a number of nodes or peers can tag a content as illegal or abusive content. It is like an overall consensus decision of peers to take down a content. The initial design is to have each peer having its own denylist or blocklist. The network then uses this list to decide whether to take down a content or not.

Streaming

  • PeerStream (formerly SNAP Interactive) is an American computer software and social media company.

    On March 12, 2018, Snap Interactive, Inc. rebranded to PeerStream, Inc.(OTCQB:PEER). PeerStream is a developer of decentralized technologies for multimedia social apps and business communication.

  • PeerStream provides fully secure, end-to-end encrypted protocol for message delivery; based on onion routing model to ensure full anonymity for both communication and discovery processes and streaming layer allowing to anonymously stream multimedia content between parties.

  • Real-time presence/messaging/streaming/routing so more in the live creator realm or conferencing/collaboration domain.

  • No, but ProximaX with the storage layer can run similar to a youtube. So VOD is a part of that layer.

  • The PeerStream protocol will provide Dapp developers with flexible mechanisms to control and manage copyrighted materials. These mechanisms are currently in the very early R&D stage but it’s certainly one of the features that we are keen to implement.

Messaging

ICO and KYC

Platform

  • ProximaX is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich services and protocols. With a NEM.io inspired blockchain layer at its core, a decentralized storage layer through IPFS, and a P2P multimedia streaming and messaging layer powered by PeerStream Protocol (PSP), ProximaX will enable a rich, all-in-one platform for broader cross-industry application and decentralized app development.

  • The ProximaX solution will essentially consist of three underlying services as currently designed – content delivery, messaging, and a Distributed File Management System (DFMS). These services SHALL be managed from a side chain that we are looking to develop. This side chain shall be attached to the main public chain of NEM, which is expected to run using the Catapult public chain at a later date. All XPX transactions will be in the form of mosaic on the main chain, including possibly, the data hash.

    The side chain shall have its native token as XPX which shall have an atomic swap with the main chain. This solution will not only serve our purpose, but will demonstrate the power of the NEM blockchain using Catapult, and how, many more applications can be developed with side chains.

  • ProximaX can be used, but not limited, in content delivery and storage, supply chain management, streaming media, decentralized marketplaces, big-data, measurement/analytics, IoT, flawless record keeping and Know-Your-Customer (KYC).

  • After building the foundational technological infrastructure in its first two years, ProximaX aims to extend its layers through (1) privacy transactions at the blockchain layer, (2) commercial nodes to be hosted by app developers to enable DApps freemium models, (3) web hosting and content delivery, and (4) turing complete virtual machine.

  • ProximaX is providing a storage solution which is based on the Distributed File Management System (DFMS), which is essentially a peer-to-peer distributed architecture making the network decentralized and users free from the influence of any third party storage provider. It will allow client-side encryption, making the data secure. The system is immune to traditional threats of security and privacy as the system is based on an encrypted, shared file storage in a peer-to-peer network. An absence of any central authority makes the network accessible 100 percent of the time as if some nodes go offline the next sufficient node takes its place.

  • ProximaX will use multi-layered Consensus protocols for voting, governance, harvesting, and to reward network nodes contributing storage and bandwidth resources to the network. The three major consensus protocols will be used to govern on chain and off chain resources, services and activities are: Proof-of-Importance (PoI), Proof-of-Storage (PoS), and Proof-of-Bandwidth (PoB).

  • Proof-of-Importance (PoI) is a blockchain consensus mechanism introduced by NEM. The function is similar to proof-of-stake where the nodes need to ‘vest’ an amount of currency to become eligible for creating blocks. However, in PoI, user’s importance is determined by how many coins they have and the number of transactions made to and from their wallet. In PoI transactions volume, one’s overall support of the network, and trust become factors.

  • Also called Proof-of-Capacity (PoC), Proof-of-Storage (PoSt) is a method where a single node dedicates a non-trivial amount of disk-space to solve a challenge presented by the service provider. PoSt is very similar to proof-of-work (PoW), the difference is instead of computation, storage is used. Proof-of-Storage is relevant yet considerably different from, memory-hard functions and proofs of retrievability.

  • Proof-of-Bandwidth (PoB) is a consensus where multiple oracle verification mechanisms will be used to report and validate P2P nodes bandwidth contribution to the network.

  • ProximaX further powers its utility token economy with a native coin, XPX, that allows for a sustainable marketplace for its services. This has no security instrument tied to it and is a consumptive or utility cryptocurrency whose value is determined by market demand and supply.

  • ProximaX will develop a dynamically-configurable economy model that is based on periodic (monthly/annual) subscription. ProximaX users will periodically use the native token (XPX) to subscribe to the network in exchange for  ‘ProximaX Power’ . ProximaX will develop a system to define, charge, and consume user’s ‘power’ over subscription periods. Where payments will take place on a side-chain ‘power’ layer rather than the core blockchain transaction layer. Power layer will have a consensus model tuned for higher frequency power distribution. Power will be allotted to users via cross-chain exchanges with the core blockchain transaction layer.

  • No, ProximaX isn’t a blockchain or a new blockchain. ProximaX has decentralized layers on top of the NEM blockchain.

  • Yes, that is the whole concept. ProximaX has decentralized layers on top of the NEM blockchain.

  • ProximaX will be open source.

  • Yes. We have links to each of them on the website.

  • That was not intentional at all. We had a private logo contest internally. Out of 50+ entries, we’ve all agreed to use that one. The logo was not copied from any logo but it was inspired by the NEM logo shield with the 4 colors representing the ProximaX technology layers.

  • File storage, content and messaging put into the platform. Additionally, we will work to include natural language programming in the solution.

  • The NEM blockchain should not be burdened with too many heavy features and applications such as ProximaX. Already it is now stretched, just with its current features. For a high bandwidth and storage heavy solution, it makes better sense to segregate than to put everything together.

  • xarcade.io uses an experimental but stable version and we tested both immutability and mutability on the website content.

  • The entire static website is hosted on the p2p network storage. Meaning, we pointed the DNS of xarcade.io to a ProximaX data hash which then loads that content using the unique identifier (content address/multihash). That data hash ensures the file is unique and will never be tampered.

    Tampering it will change the data hash itself. So if you look at it, DNS just needs to use the same “untampered” data hash. Even if a hacker downloads the entire site, modify and use ProximaX to load the file to the p2p storage, the site content that the hacker has will have a different data hash. If the hacker manages to hack and change the static files from the initial host where we loaded the static website, it still won’t work because the file is already scattered through gateways/peers and retrievable by the unique data hash.

    It would also be interesting to know that xarcade.io has an application written in angular (which is purely static) which is also hosted on ProximaX. So if you are going to build an angular application you can use ProximaX to load your front-end app into the p2p storage network.

  • ProximaX sits on top of NEM, therefore we use NEM network. This means that it will sit on top of the NEM network.

  • We have a small testnet running. After the ICO, we are going to extend the testnet with more nodes. In Q3 2018 we start with the “normal” network setup.

  • In the White Paper on https://proximax.io

  • We don’t have the intention, but simple services can be incorporated into the wallet. Our platform shall have  easy to use APIs and SDKs for DApps to be developed upon.

  • Yes to both. PeerStream, Inc. is a vendor partner and that’s also the name of their Protocol.

Nodes

NEM-Related

Mosaic XPX

Decentralized Applications (DApp)

Storage

  • This is not in the scope of the development team of ProximaX. But because of the easy to use APIs, everyone could make an application easily. Perhaps it can be a DApp.

  • The file storage is really up to the peer itself. A peer can allocate a small hard drive and it will still be able to participate in the peer network. No cost economics have been looked into, so far.

  • There will be multiple versions of P2P network connection.

    One offering uses the IPFS stable version downloadable on the IPFS website. This distribution will connect a certain participant to the global IPFS network.

    Another version will participate only within ProximaX Network nodes. This means that nodes connected to ProximaX bootstrap or common nodes can only communicate with one another and cannot at all communicate with the global IPFS nodes.

    Another version is an on-demand private node. We have a forked version of IPFS that can be configured to work on internal or privatized networks. This means that nodes connected to this will neither be connected to IPFS global or ProximaX global.

  • Yes and No. We are not just a storage solution. We are a development platform. Hence, we are a superset. Developers can make a DApp service and offer such a service like Storj or SIA.

  • Distributed File Management System.

  • The DFMS is a working model today. We will further enhance the DFMS, develop the content delivery and messaging, add natural language programming, develop the POX, and finally develop the routing layer for the side chain.

    By which time, it is then time to integrate into the new Catapult public chain slated for release next year. In the meantime, people can use the DFMS that we have on the old NIS1 version that is currently running now. We will set up 200 nodes for that.

  • Note: Suppose I trick my node to never store anything and always leave all the disk space unused

    This is not firmed up yet. We are still working on the consensus mechanism. It could be the Proof-of-Storage is a minimum “vested” storage space that allows a person to harvest.

  • Yes, it works like how PLAIN/SECURE messages are done in NEM. If you uploaded a PLAIN type file, it’s going to be publicly available. If it’s a SECURE type, the file will be encrypted using the same encryption mechanism as NEM secure transactions.

  • Yes. Fractions or blocks in different nodes. When a file is replicated to a node (meaning a request was made to a file from a different peer) it gets a copy of it and shreds it into blocks.

  • The copy of the file will be part of the network therefore if the peer that uploads the file suddenly inaccessible, the files will still be accessible.

  • Each file will have a unique data hash which is stored in the message part of the NEM transaction. Therefore to access a file one needs to have a NEM account. However, this only applies to files that are encrypted. Files stored as a PLAIN message on NEM can be accessed via the common HTTP/S gateways since they are by default “public”. SECURE files, however, are encrypted with the same encryption mechanism as NEM secure transaction.

  • We are trying to design a “denylist” for the storage solution. The idea is to block certain data hash that will be sourced or coming from the likes of DMCA takedown notices. We are still in the middle of doing our research and design for this but it’s certainly one of the features that we are keen to implement.

    Part of the consensus protocol is to determine what content needs to be shutdown or removed as specified. We were thinking that a number of nodes or peers can tag a content as illegal or abusive content. It is like an overall consensus decision of peers to take down a content. The initial design is to have each peer having its own denylist or blocklist. The network then uses this list to decide whether to take down a content or not.

Streaming

  • PeerStream (formerly SNAP Interactive) is an American computer software and social media company.

    On March 12, 2018, Snap Interactive, Inc. rebranded to PeerStream, Inc.(OTCQB:PEER). PeerStream is a developer of decentralized technologies for multimedia social apps and business communication.

  • PeerStream provides fully secure, end-to-end encrypted protocol for message delivery; based on onion routing model to ensure full anonymity for both communication and discovery processes and streaming layer allowing to anonymously stream multimedia content between parties.

  • Real-time presence/messaging/streaming/routing so more in the live creator realm or conferencing/collaboration domain.

  • No, but ProximaX with the storage layer can run similar to a youtube. So VOD is a part of that layer.

  • The PeerStream protocol will provide Dapp developers with flexible mechanisms to control and manage copyrighted materials. These mechanisms are currently in the very early R&D stage but it’s certainly one of the features that we are keen to implement.

Messaging

ICO and KYC