Written by Alan
While decentralisation provides security to networks and is an ideal solution to a lot of the world’s problems in theory, in practice, a decentralised system which is in the process of growing is vulnerable to a large variety of unique issues - especially when content is involved
PXLC is a token that is stored on a decentralised ledger. By operating on the Binance Smart Chain (BSC), nodes worldwide process PXLC transactions and confirm that they are valid. In this way, the technology behind PXLC is fully decentralised, meaning that just like other cryptocurrencies, transactions cannot be double-spent, and nodes verify all transactions.
That is as far as it goes when it comes to PXLC & decentralisation. Our goal is to create a trusted system that projects can use to advertise themselves. This is impossible to accomplish if our platform was truly decentralised. In order for investors to trust a system, involving external parties through decentralised means in the system could pose a significant risk to our customers.
Quality projects know that they can come to us to be associated with quality trusted projects. That trust is a bond we don’t intend to break by allowing external parties to influence our team’s decision making process.
More information about our team and how we vet coins is coming soon, so stay tuned for more updates!