Proven and highly optimized functions for accounting ledgers enable faster transactions at a higher volume than other networks are able to handle.
Our unique incentive structure for nodes enables free internal transactions with our native coin. Transactions with the FLX token have the usual fees associated with etherium tokens.
Highly scalable system architecture ensures that the network will always be able to expand to meet the processing needs of the users of the network.
PixFlx LLC. is just a licensing entity, it licenses nodes to operate on the PixFlx Network and be a member of the PixFlx Cooperative. To build out the network it acts as a software development company, to operate the network it forms another separate entity to contain the administrators and forms a licensing contract with that administrative entity. This entity will become owned directly by the PixFlx Cooperative, managed by its steering committee made up of node owners.
Traditionally the banks provided trust, cryptocurrency technology provides a way to have transactions that can be trusted, and that trust is in software protocols and algorithms rather than a banking license issued by a government. Cryptocurrency can be highly stabilized and contain inherent value backed by industry players that agree to operate in the currency for the benefit of all involved. In our case we have flow of new funds going on and off the network continuously and that creates great stability as it’s reinforced by the value of goods and services.
Nodes on the network receive funds from processing ad placement transactions and e-commerce payment processing. These two functions are highly lucrative, enabling the transaction ledger maintenance to be carried out without fees to consumers. Consumers benefit by being able to transfer funds for free because the network functions provided by cryptocurrency miners for a fee in other networks are paid for by advertising and e-commerce. The processing cost to the nodes is very minimal even in high volume and high frequency.
We will first be approaching ad exchange networks, agencies and content producer studios to operate nodes on the network. It’s these business types that are most able to leverage the opportunity and already have a stake in the industry. Many other company types could take an interest in joining in the network, one example being content delivery networks.
The privilege of operating a node on the network is licensed and revocable in the case of misuse. All the nodes run checks to test all transactions validity and if something is wrong with a node then it is brought down, disconnected and connections to it reassigned. The administrators then follow a protocol to audit the node to find the source of the error, correct it and bring the node back on line. A highly mismanaged node could result in the node forfeiture as decided by the steering committee. Node ownership will not enable write access to the transaction ledger copy contained on the node outside the defined protocol.
Node operators mainly access the entire network by API, not individual database connections. Node operators can create functionality and build components onto the database. Node operators are provided a content and ad management interface to the API. They may use it as is or may alter it and create or integrate with their own interfaces and workflow systems.
The nodes choose the process they want to use to on-ramp content and advertising, they could have only internal employees access the system or may provide self-service interfaces to their customers. Nodes can generate revenue just being on the network without on-ramping ads or content, they could generate some generally passive income from participation in transactions that happen automatically.
A node may on-ramp content for free or may charge a fee to ingest content and may have other services available providing ancillary revenue streams related to on-ramping content and advertising such as ad campaign management and creation.