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What are the benefits of using a Blockchain?

Blockchain technology is a natural evolution of the mass-connected Internet technology, as a means to clean up any current tendencies for the Internet’s malevolent use which, as it is now, enable corruption, misrepresentation and personal surveillance.

anything that is otherwise manipulatable
becomes exact and less so. Such is the
Truthsayer-like, cheat-proof attribute of 
the Blockchain. 

There are several benefits of using the Blockchain, but from a very high level, using the Blockchain to store and reference data of all sorts of things, including but not limited to:

·    personal records (biographical, health data, financial) and detection of any unauthorized attempts at surveilling/capturing/reselling that personal data;

·    financial records and transactions (as
in online credit card purchases and crypto currencies);

·    educational content authentication, delivery, interaction, record storing and grading;

·    campaign management of all kinds;

·    online voting (elections and policies);

·    news media article/report authentication, agenda detection and truth tracking;

·    health care (integration of western medicine with other traditional remedies to facilitate medical procedure cause/effect treatment documentation, validation, statistical revelation, searchable storage;

·    economics;

·    artistic expressions; and

·    climate monitoring;

Blockchain management of the above topics are assured of being private and anonymous (through encrypted and large unique alpha-numeric identifiers), yet transparent as in what, when and where they were first posted and subsequently updated. This causes a record
validation process that is immutable (not changeable), irrefutable (can’t deny
the authenticity of the record), and absolute and not duplicatable (unique – yet
anonymously attached) to the individual who posted it.

Simultaneously, participation in the Blockchain process requires consensus, a voting like
process where you either agree or disagree, depending either on the weight of
your coin account, or as the smart contract rules for your participation
otherwise accommodate.  In this manner, a rock star, presidential candidate, or even a news reporter, for example, attains over time an Exact vote of confidence by his/her fans, and the lack thereof by his/her distractors.  An exact position of his/her agenda, biases, outlook and behavior style is derivable and plottable.  Similarly, anything that is otherwise manipulatable becomes exact. Such is the Truthsayer-like, cheat-proof attribute of the blockchain.

Blockchain technology is a natural evolution of the mass-connected Internet technology as a means to clean up any current tendencies for its malevolent use which, as it is now,
enable corruption, misrepresentation and personal surveillance.

Related work

How can I get some SECX tokens and what do they cost?

Tokens become valuable of their own accord, based on supply, demand and the business case (in this case the SecureX Networks of vertical market domains) of the particular token. Please see the Road Map section at the bottom of the IEO page for the planned timing of the SECX SecureX IEO, and the related restrictions and processed for how to obtain tokens.

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How will the SECX tokens be mined, generated and used on the Blockchain?

This question is a significantly important one. But it contains proprietary information that may be unique to the SecureX business model, patent-pending or otherwise. As such, this is a high-level explanation to this question:

RE: Mining
Unlike most blockchain deployments thus far, the mining process to authenticate and post to the chain is not compulsory with SECX, as the rendering of the Ethereum Blockchain fuels all movement of all Tokenized Smart Contracts through Ether as Gas. The specific Contract for the SecureXVault uses an ERC 2212 Standard Tokenized Smart Contract which has the programmable feature to mathematically allow for Staking as a directive.

RE: Staking
In this case the directive is to produce a virtual copy of a Volumetric Masternode without actually needing a Masternode (VPN Running Full PeerNode + a fixed amount of Tokens), but instead just HODL (holds for a fixed time) the tokens together in a Wallet of any type with a minimum block of 10k SECX Tokens or more for a period of 1 year. That block of SECX tokens by Weight and Volume gives Birth to new Tokens to the 18th Decimal at 13% of the Beginning Weight of 10k Tokens or More on day 367. This allows one to remove that extra 13% of Tokens to do as you wish with them, or alternatively allow them to Compound along with the Original Amount, for another year.


RE: Ecological Footprint

Thus, as indicated, NO mining is needed as this process is automatic and pre-programmed across the chain to occur accordingly. This is a proven, elegantly virtual copy of the PIVX/DASH Model Masternode, but in a Smart Contract and completely green, as in Energy Free, since the Ethereum Blockchain uses the Driver and Ether as the fuel. Remember Ether goes to the POS Casper Protocol soon and makes the Ethereum Blockchain Green and POS as well. Thus, this deployment is guilt-free.


RE: Staked Tokens

The Staked Tokens will be extracted and held by the Account HODLers and Accounts will produce annual Interest at 13% for the HODLers. The Staked Tokens and the Tokens sold in the IEO will be the Traded Tokens. The HODLers will Primarily be accounts held by Friends and Family and Friends and Family Members of all those Friends and Family (the “Team”). It is anticipated that only a few individuals will go to the Exchange and buy 10k SECX Tokens, then remove them from the Exchange in order to create Staking Accounts of 10k SECX Tokens or more.


RE: Buy Backs & Burns

Annually SecureX Networks will take Profits from the incremental revenues generated by the SecureX Verticals (domains) and perform Buy Backs of SECX Tokens and Public Burns of those Bought Tokens. This creates a Rarity of SECX Tokens and also offers the Staking (13%) as an Anti-Inflationary Measure. This makes the Tokens very viable and the Accounts that Stake as Basic Money Machines producing value annually. They are expensive to obtain unless you vest early in the process.

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What is a Blockchain?

A blockchain,[1][2][3] originally block chain,[4][5] is a growing list of records, called blocks, that are linked using cryptography.[1][6] Each block contains a cryptographic hash of the previous block,[6] a timestamp, and transaction data (generally represented as a Merkle tree).

By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.[7] For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.[8]

Wikipedia

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