What is Dynex? Dynex is a platform for cloud computing with a unique combination of AI and blockchain technology that brings groundbreaking flexibility to the platform. So what’s special about Dynex? Let’s find out with HAK Research in this article.
Dynex Overview
What is Dynex?
Dynex is a next-generation platform for cloud computing with a unique combination of AI and blockchain technology that creates groundbreaking flexibility for the platform. Dynex uses the Proof of Useful Work (PoUW) mechanism to solve real-world problems. To simply understand PoUW, it is an upgrade of PoW, this mechanism takes on an additional job of solving more complex algorithms or problems than before.
What is Dynex?
Dynex includes participating PoUW miners that form a decentralized neural supercomputer network capable of performing calculations with unprecedented speed and efficiency. Instead of forcing a random hash, Dynex’s PoUW allows users to access the combined computing power of thousands of GPUs through Python.
Hashrate parameters
The hashrate rate is the leading number that reflects how the mining network is performing. A simple explanation of hashrate, it reflects the mining performance of mining hardware and is measured in seconds.
Each solution performed on the network is called a hash. That mining efficiency is measured in h/s. The parameters are converted similarly to the following:
- 1 Kh/s = 1 000 h/s
- 1 Mh/s = 1 000 Kh/s = 1 000 000 h/s
- 1 Gh/s = 1 000 Mh/s = 1 000 000 Kh/s = 1 000 000 000 h/s
- 1 Th/s = 1 000 Gh/s = 1 000 000 Mh/s = 1 000 000 000 Kh/s = 1 000 000 000 000 h/s
- 1 Eh/s = 1 000 Ph/s = 1 000 000 Th/s
Solution roughly translated as calculation solutions or algorithmic solutions. Each GPU or mining device has different calculation parameters. From there, Miners or Users can consider and build suitable, high-performance equipment to participate in the mining network to earn profits. For small individuals, we can preview mining profits with the number of available devices through the calculation website 2CryptoCalc or Whattomine.
With Dynex, Miners participate in a decentralized network that can solve real-world problems with countless use cases such as AI, healthcare, science, architecture, Smart Cities, Global -2000. The reason it can perform such tasks is largely thanks to the exclusive neuro-morphic super chip algorithm called DynexSolve.
This is also an algorithm that focuses on the power of GPU and Computing Network. At the end of 2023, Dynex has a few on-chain parameters as follows:
- Network hashrate: 946.87 Mh/s
- Network difficulty: 113.62 G
- Block reward: 122,972 DNX
- Block time: 120 Sec
- Daily emission: 88540 DNX
Everyone can refer to hashrate.no to update hash rate in the fastest and most accurate way.
What is the Dynex difference?
Working with Uber Tech technology, those advantages are demonstrated through:
- Machine Learning and Optimization: Since both quantum computing and neuromorphic computing share similar features, these algorithms can also be computed efficiently on the Dynex platform.
- Fintech and pharmaceuticals: Fintech companies are using Dynex Computations for portfolio optimization problems. Pharmaceutical companies use it to conduct protein/RNA sequencing and general drug discovery research. They call it decentralized science at work.
- Gaming: Here, Multi-Agent Path Finding (MAPF) used in multiplayer games, especially games in which players are directly pitted against an Automated (automated) Player, which can be a zombie or a vehicle. Game developers continue to struggle with the MAPF problem. Dynex can provide effective solutions to that problem.
- Neuromorphic and Quantum: Neuromorphic Computers do not suffer from the limitations of quantum machines. Operating on traditional (GPU) hardware at room temperature, there is virtually no limit to the number of bits computed. Problems with millions of variables and constraints can be efficiently computed on a Neuromorphic processor.
Development Roadmap
Fourth quarter 2023
- Dynex Marketplace: Bringing computing on the Dynex Platform to the public. Customers can use DNX to calculate efficiency on the Dynex Platform, based on an auction or priority model.
- Decentralized Mallob: The mallob system is at the core of the planning and management of computational tasks. Completely decentralize mallob by integrating it into Node.
- Dynex Donation Fund: The team is planning to create a platform to support projects and initiatives operating within the Dynex ecosystem.
- Ethics Committee: The platform Dynex offers comes with responsibility. The ethics committee will monitor computing-related work to ensure it complies with their ethical standards.
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Initial Enterprise Sales Team: A team to reach large global enterprises is being hired.
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Dynex Christmas Surprise: Celebrate the Christmas season with some very special surprises. Maybe New Listing Exchange.
First quarter of 2024
- Integration Support Team: To manage and support customers as well as solve problems, a team of software integration experts helps customers.
- Further development of the Corporate Sale Team: Additional members of the Corporate Sale Team will be hired to help grow Dynex even faster.
- Dynex Marketing: Additional marketing measures to increase Dynex’s visibility outside the cryptocurrency ecosystem. Could be banners on Google.
- 15% GPU Miner Improvement Tool: Guaranteed to increase the market share of all GPUs for DNX mining by more than 15%, thereby providing PoUW computing power to the Dynex Platform.
- Blue Chip Testimonial: Secure publicly available attestation of blue-chip customers using the Dynex Platform for computing.
- Generate additional revenue: Dynex will generate revenue by providing Neuromorphic Computing to its customers.
Core Team
Update…
Investor
Dynex has no investors.
Tokenomics
Basic information about Dynex tokens
- Token name: Dynex
- Ticker: DNX
- Block chain: Dynex
- Standard: Native Token
- Total Supply: 110,000,000 DNX
Token Allocation
First launched September 2022 with no ICO, no pre-mining and no pre-allocation to the team or investors. All coins can only be obtained through mining.
Token Release
Update…
Token Use Cases
- Pay transaction gas fee.
- Miners are rewarded for participating in transaction validation and network security.
- Used for transactions with business partners.
Exchanges
Currently DNX is present on exchanges: MEXC, BingX, LBank, BitMart.
Dynex Information Channel
- Website: https://dynexcoin.org/
- Twitter: https://twitter.com/dynexcoin
- Discord:
Summary
Dynex is a recent successful PoUW project with the goal of building a decentralized community quite similar to Bitcoin without investors. Using consensus avoids decentralization and Node becomes equal to each other. From the beginning of 2023 until now, the price of DNX has had a very surprising growth of 1000%. This may be due to the approaching BTC Holding event in April next year. After that event, will DNX have anything to attract miners and investors? This is something to watch more about this project.
