DEXON Mainnet Goes Live with Key Industry Supporters and New Brand Identity

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DEXON, the latest distributed ledger technology solving the blockchain trilemma, rolled out its mainnet last week. With the participation of businesses including Gemstra, simplyBrand, Ledger, and KHAM, Dexon has also released a fresh brand identity and a revamped global website.

The release of DEXON’s mainnet comes after six months of successfully operating a global test network, with 12,000 Transactions per Second (TPS) on a single shard and fast finality within 1 second and showcased comparable performance to traditional decentralized payment systems such as Visa.

“Blockchain technology has long been plagued by trade-offs between different properties that are key to mainstream adoption. The DEXON team, after a year of rigorous work, successfully overcome technical bottlenecks with our game-changing mainnet and is ready to develop more trusted, real-life blockchain solutions used on a mass scale,” said Wei-Ning Huang, co-founder, and CTO of DEXON Foundation. “Ultimately, DEXON will serve as a mutually beneficial platform that bolsters collaboration among enterprises, developers, community members, and end users around the globe,” added Huang.

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“On DEXON’s mainnet, high scalability is not achieved at the cost of security and decentralization as the innovative DEXON Consensus Algorithm is not only one of the very few algorithms mathematically proven to be immune to attacks from Byzantine nodes, it also delivers fair sortition based on Verifiable Random Function (VRF) that selects a subset of nodes (notary set) every hour as block producers. Unlike Proof-of-Work (PoW) protocols that require huge amounts of energy, DEXON is able to perform with high efficiency and negligible transaction fees, while supporting thousands of validators in the network, at the same time.”

With the mainnet debut, DEXON joins hands with four companies in digital commerce, cryptocurrency payment, and music industries, driving business innovations with blockchain services and experiences.

  1. Gemstra: The promising blockchain-integrated ecosystem nurturing influencer and KOL commerce migrates away from Ethereum onto DEXON, which provides remarkable scalability and high efficiency to support Gemstra’s rapidly growing business. Knowy, Gemstra’s reviews platform through social proof and validation, will be the first external Decentralized Application (DApp) listed on DEXON’s DApp Store.
  2. simplyBrand: The world’s first online verification, anti-counterfeiting platform will utilize DEXON to enhance brand and intellectual property protection. Powered by DEXON’s high-performing and scalable blockchain system, simplyBrand will be able to make faster and smarter decisions from crowdsourcing to combat counterfeit listings online. Transparency will also be maintained for greater scrutiny and feedback from the simblyBrand community to improve.
  3. Ledger: DEXON’s native currency, DXN coin, will be supported on Ledger Nano S, a multicurrency hardware wallet that safeguards digital assets. DXN will also be available on the Bluetooth® enabled Ledger Nano X in the near future, which also allows users to transact effortlessly on smartphones through the Ledger Live App.
  4. KHAM: DEXON connects TICKET2Go, a blockchain-based ticketing platform winning second place in DEXON’s DApp Hackathon, to KHAM, Taiwan’s leading promoter and online ticketing service provider in eliminating ticket scalping with fair sortition and auctions enabled by blockchain technology

Followed by the successful public sale completed on COBINHOOD’s Coin Offering Platform ahead of schedule in only five days, DEXON today hosts mission-based airdrops on COBINHOOD’s Airdrop Center and listed DXN on the COBINHOOD Exchange and the LBank Exchange on April 26. On May 8, DEXON will host a blockchain-focused Industry Forum in Taipei, and participate in high-profile global roadshows including Consensus 2019 and InnoVEX 2019
Moving forward, DEXON plans to introduce a series of products to optimize its blockchain experiences: the Decentralized Exchange Protocol allowing anyone to build a decentralized exchange on the DEXON mainnet; DEXON’s Decentralized Exchange; SQL-VM that gives developers easier access to write smart contracts with SQL92 compatible language; and DVM and DEXLang supporting formal verification running on a high-performance virtual machine
To learn more about DEXON, please visit dexon.org.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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