Among the project supporters is San Francisco-headquartered IDG Capital, a company which manages $20 billion worth of assets. As claimed by the firm, Dexon is to be the fastest blockchain available in the market. It is optimistic that such pluses as infinite scalability and low latency will make the platform perfect for the banking industry and other real-world requirements.
Blockchain is still in its early stages, though many industries are looking to implement blockchain and talk constantly about its benefits, it has yet to reach rapid adoption. Factors like speed of transactions have been a crucial inhibitor in allowing this technology to be implemented into the real-world banking ecosystem. The innovation surrounding blocklattice architecture like DEXON will enable use cases such as everyday banking, stock and cryptocurrency exchange, micropayments and other markets.
In order to reach a higher level of scalability, Dexon is applying block-lattice architecture. In difference with the traditional blockchain technology systems that build encrypted blocks linearly, this structure is based on the multiple blockchain systems that work together in parallel, making it simplier to scale automatically and energy-efficiently.
Because of the growing limitations of the centralized crypto exchanges, many serious blockchain players are now developing their decentralized platforms to overcome the market competition. Major players like Binance and Kyber Networks have earlier ran native decentralized platforms and were joined by a number of market counterparts.