3.4. Data Privacy on NAXION Block Chain Network

NAXION mainnet forms a private network on the GoEthereum-based Ethereum Virtual Machine. The core is being developed to meet the service ecosystem, and it is being optimized to incentivize coins and execute smart contract as a framework.

With complete decentralization, it can launch various applications in line with the change in the global commercial ecosystem, and a massive transaction process by grid computing is possible on the NAXION blockchain network. Such smart contracts have an incentive system applied so that the network itself can operate automatically based on the network transaction fee.

NAXION suggests a methodology of decentralized automatic application doesn’t only expand the scale of the process of transaction performance that is required for the services including finance but also contributes to the structuralization of permanent data service-based economic incentives as the substitute for the centralized server structure.