{"id":2472,"date":"2022-03-05T17:03:13","date_gmt":"2022-03-05T17:03:13","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/genesisxwhitepaper\/"},"modified":"2022-03-05T17:03:13","modified_gmt":"2022-03-05T17:03:13","slug":"genesisxwhitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/genesisxwhitepaper\/","title":{"rendered":"GenesisX\tWhitepaper"},"content":{"rendered":"<div id=\"post-8639\">\n<div class=\"entry-content\" readability=\"59.370491803279\">\n<p>Cryptocurrencies might have started with Bitcoin in 2009, but<br \/>they have grown from that cryptocurrency to altcoins like Ripple,<br \/>Ethereum etc. Blockchains have a lot of features and are key<br \/>in various industries. Even with the transparency, security and<br \/>innovative features that blockchains offer, there are still some<br \/>problems with the blockchain technology.<\/p>\n<p>The existing blockchains have to battle with security, in the form of<br \/>classical and quantum computing hacks. Most blockchains expose<br \/>users\u2019 private information, thereby defeating privacy issue.<br \/>Though transparency is seen in blockchains, more can be done in<br \/>that aspect. Decentralization is the keyword in blockchains, but are<br \/>existing blockchains really decentralized? Do users have rights?<br \/>Many Cryptos that use masternodes have their block reward split<br \/>among both the masternode and mining systems. This distribution<br \/>method has an intended fairness scheme, but it gets circumvented<br \/>by the increase in masternodes which are held by large investors.<br \/>This might likely lead to centralization like in the case of the main<br \/>shareholder in a firm.<\/p>\n<p>Masternodes\u2019 benefits can go on to reducing those who use Proof of<br \/>Stake (PoS) mining, thereby reducing the PoS network\u2019s security.<br \/>Though masternodes are invaluable, we do not reward them in a<br \/>way that it will exceed the value they give. If we did, the owners of<br \/>the masternode will benefit more than other system\u2019s users, and this<br \/>will ultimately lead to centralization.<\/p>\n<p><a href=\"https:\/\/web.archive.org\/web\/20200517081441\/https:\/\/genesisx.net\/\" rel=\"noopener noreferrer\"> GenesisX\tWebsite <\/a> <br \/>GenesisX\tWhitepaper <br \/><strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrencies might have started with Bitcoin in 2009, butthey have grown from that cryptocurrency to altcoins like Ripple,Ethereum etc. Blockchains have a lot of features and are keyin various industries. Even with the transparency, security andinnovative features that blockchains offer, there are still someproblems with the blockchain technology. The existing blockchains have to battle with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2472","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=2472"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2472\/revisions"}],"predecessor-version":[{"id":2473,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2472\/revisions\/2473"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=2472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=2472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=2472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}