Dynex is a unique blockchain project that operates a decentralized supercomputing platform. The platform leverages the combined computational power of all its miners to perform computing jobs. This is made possible by Dynex's proprietary Proof-of-Useful-Work (PoUW) mining algorithm called DynexSolve. Dynex's customers can buy computation time on the Dynex Network using its native coin, DNX, which is a true utility coin based on a native level-1 blockchain.
The PoUW Mining Algorithm
Dynex's proprietary PoUW mining algorithm, DynexSolve, ensures that the computational power of the miners is put to good use. The algorithm ensures that every computational job is useful and adds value to the network. The algorithm has been designed to be energy-efficient and is an excellent alternative for Ethereum's discontinued POW mining, as it provides a meaningful way for dormant GPU hardware to be utilized efficiently.
The Dynex Network
Dynex's network is quite large, with around 50,000,000 active chips currently. Moreover, it is computing more efficiently than other systems, making it highly attractive for companies and organizations to use. Since energy is used efficiently, Dynex is also a sustainable and green coin. Dynex is a true public project, with 100% public allocation and no pre-mine or ICO.
Rewards for Miners
Dynex's business model ensures that miner rewards will always be substantial, even beyond the time when all blocks have been mined. This is because the platform is based on a utility coin, where customers can buy computation time. Therefore, as long as customers continue to use the Dynex Network, miners will continue to receive rewards.
Conclusion
Dynex is an innovative blockchain project that operates a decentralized supercomputing platform. Its proprietary PoUW mining algorithm ensures that computational jobs are useful and add value to the network. The network is quite large, energy-efficient, and sustainable, making it an attractive choice for companies and organizations. Dynex's utility coin-based business model ensures that miner rewards will always be substantial, making it a promising project to watch in the years to come.
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