MXC Feed: Events, News & Roadmap
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What is MXC?
MXC Foundation is a pioneer in the IoT and blockchain sector, leveraging the Proof-of-Participation consensus mechanism to specialize in IoT-Machine to Machine Data Transactions. It stands out as the first in the industry to utilize this approach, focusing on the development of LPWAN technology and the future of IoT.
The operation of MXC Foundation is centered around its proprietary MXProtocol, based on Proof of Participation. This protocol facilitates a scalable, secure data republic network for IoT and data devices, enabling seamless communication while ensuring end-to-end encryption. MXProtocol is integral to the MXC ecosystem, supporting the connection of any smart or IoT provider’s devices and maintaining a high-security standard for device communication.
The MXC token, an ERC-20 utility token, is the transactional medium within the MXProtocol, facilitating IoT tokens and data exchanges. It enables the publication, sale, and trade of IoT data on an inter-chain NFT marketplace. MXC underpins the data republic network and aims to expand into MXC Metaspace, revolutionizing community interaction within the internet realm and serving as a foundational layer for decentralized IoT Data Networks. The Foundation emphasizes community empowerment and transparency in its operations.