The SecureX Blockchain, like all blockchains, uses a crypto token to pay the (very minuscule) transactional fee used for writing and authenticating each immutable record to the multi-distributed virtual chain. So it is important to create and fund said tokens. The SECX token is built upon the Ethereum 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.
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Ether is the cryptocurrency generated by the Ethereum platform as a reward to mining nodes for computations performed and is the only currency accepted in the payment of transaction fees.
Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. The virtual machine’s instruction set, in contrast to others like Bitcoin Script, is Turing-complete. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.