What is PXC(Pax Coin)?

What is PXC coin? According to official sources, PXC is a digital asset trading platform built on the PoW+DPoS consensus algorithm. It is also a decentralized application payment network supported on the Ethereum public chain.

MXC adopts the POW mining model, calculating the total amount based on the overall network computing power, which can process 1000 transactions per second. It also uses smart contracts for automatic execution, greatly improving the TPS to reach 2000. The “static reward” model ensures fair mining participation without affecting users’ holdings. It also implements a destruction mechanism for holders, allowing them to have a larger market share and profits in the ecosystem. Finally, it provides liquidity and token staking rewards to create a deflationary economic incentive system.

What does Pax Coin mean?

According to the Chinese introduction of Pax Coin, Pax Coin is a cryptocurrency issued by the New York Stock Exchange (NYSE). Paxos is used for buying and selling on the trading platform. Specifically, it is purchased through BitGo and then transferred to an account of a company called Coinbase in exchange for US dollars. Paxos is a blockchain financial infrastructure developed by NYDIG, a private investment fund focused on the Bitcoin and cryptocurrency market, which has established partnerships with some large enterprises. (Note: US regulatory agencies have always maintained a cautious attitude towards digital tokens), so PAX Coin also has a certain legal status.