Tachyon Protocol (IPX) is a decentralized internet protocol launched by V SYSTEM and X-VPN. It enhances existing TCP/IP protocols with the help of blockchain technology, distributed technology is launched (such as PPPoIP, DHT and logo).

Tachyon introduced an initial token, called IPX, to provide an incentive for more participants to contribute to the active development of the Tachyon ecosystem. And that is to establish fair, transparent and efficient trading and awarding mechanisms.

What is IPX Token?

The Tachyon protocol will introduce the IPX token as the network’s native cryptocurrency. The initial supply of IPX tokens is 1,000,000,000 (1 billion). As a token hosted by the SYSTEM V blockchain, the IPX token serves a clear purpose and utility throughout the Tachyon ecosystem.

What are IPX tokens used for?

Users can use the dApp in the Tachyon ecosystem to enjoy safer and faster Internet services.

Users holding IPX tokens can enjoy excess revenue as provider nodes.

By solving more business scenarios and involving more nodes, the IPX token will have a wider range of uses.

Features of Tachyon

• Tachyon Booster UDP – applying techniques from DHT, blockchain, UDP and real-time optimized routing, it has the ability to speed up the transmission line 200% ~ 1000% and the connection success rate more than 90% in complexity of the network environment based on test data.
• Tachyon Security Protocol – an asymmetric end-to-end (E2E) encrypted content emulation security protocol that provides real-time protection against man-in-the-middle (MITM) attacks, as well as like other security issues, when both parties conduct E2E communication.
• Tachyon Content Resistance Analysis – enhanced network resistance monitoring through simultaneous multi-routing and multi-relay forwarding schemes.
• Tachyon SDK – combined with blockchain, it can be easily integrated and instantly deployed with all popular programming languages.
• Token IPX – will be introduced in Tachyon Protocol to encourage more participants to contribute to the active development of Tachyon ecosystem. The IPX token resides on the V System blockchain.

Development team

Sunny King – Founding member

Sunny King – a legendary blockchain developer, is the inventor of the PoS consensus mechanism and the creator of three crypto/blockchain projects, including V SYSTEM, Peercoin, and Primecoin. Sunny King is a pioneer in blockchain development, promoting consensus mechanism and real-world application of blockchain. Sunny King’s deep thinking and technical understanding ensure that blockchain V System and Tachyon can integrate with each other to create a competitive advantage for Tachyon’s long-term development.

Alex Yang – Founding Member

Alex Yang is a FinTech entrepreneur and investor with over 14 years of experience in banking and finance. He founded Fund V – one of the first funds in Hong Kong. Alex is also the Regional Director of Asia-Pacific at Nomura and Vice President of Biz Trading at UBS. He started his career at JumpTrading, Chicago, as a quantum strategist. Alex earned his PhD in 2009 from Northwestern University and a BA in Mathematics from Peking University. Alex has extensive network and management experience in the financial and technology sectors. He will help Tachyon with management, collaboration and business development.

Peerchemist – Founding Member

Peerchemist – Peercoin project leader, is a famous OG cryptocurrency developer with high community credibility and influence on the global developer network. Peerchemist has put his expertise and resources into token economics, developer relationships, as well as community management for Tachyon.

Conclude

The project is in the early stages of development and faces stiff competition in the market. Even so, the Tachyon development team seems to have enough experience to develop its product and compete in the market. In addition, this project has important partnerships with V System and X-VPN, which can encourage the growth of its ecosystem.

According to AZCoin News

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