Machine Xchange Coin

Machine eXchange Coin (MXC ) is a blockchain platform powered by iot devices with a decentralized infrastructure. MXC is dedicated to the combination of low power Wide Area Access Network (LPWAN) and machine switching protocol (MXProtoc OL ) Mach I ne Exchange Coin provides users with simplified data transactions and data stream monetization.

As a blockchain concept, machine-switched protocols reduce the number of conflicts that occur between networks and help users navigate data markets more efficiently. MXC's most unique product is that individual users and businesses can build decentralized and secure LPWAN simply by connecting their devices to an online network.

Any device connected to the Internet of Things (IoT) can be connected. Iot devices are then monetized through the LPWAN gateway, where they have access to all published data for transactions within the market. The LPWAN gateway connects user devices directly to the data they want to access and interact with.

How MXC blockchain platform works

Essentially, sensors and connected devices bid through the platform to perform specific operations. For example, a user can ask to unlock a door or close a faulty radiator. This happens because the number of sensors far exceeds the number of resources available to them. Devices connected to the network can also exchange data with MXC tokens.

In terms of bidding, sensors and terminal devices provide code snippet to allow them to bid for network resources provided by the LPWAN gateway. For example, a bicycle lock bids for downlink resources to unlock a physical lock. Systems that automate everything from the data marketplace to the physical devices themselves can be achieved.