AVXChange Releases First Demonstration Video of Our Beta Client Application (v0.42)

AVXChange Releases First Demonstration Video of Our Beta Client Application (v0.42)

AVXChange is proud to release the video demonstration of the current Beta platform and unveil the first glimpse of our Client Application. This demonstration was performed and documented by our QA team and shows how our application will work.

 

In line with the release of our demonstration video, the Beta application will be made available to the public next month. Our team is having an ongoing Beta testing which will be done in three phases to test stability, security, and scalability. The AVXChange team is working tirelessly to make this release possible and successful. This upcoming release is a major milestone, not only for us, but also for those who believe in our vision.

Core components of our Beta application included on the Beta release will be announced during the public Beta launch as well as limitations of the current Beta version.

 

Watch our Video Demonstration below or click the link: https://www.youtube.com/watch?v=xHUxL9HxLrw

Appointment of Specialized AVXChange Advisor

Appointment of Specialized AVXChange Advisor

AVXChange is pleased to announce a new advisor to the team. Mr Haw has joined the AVXChange team as a blockchain and business advisor. Mr. Haw works with founders of a few listed companies over a few decades. The listed companies annual turnover are in the hundreds of millions of dollars in revenue and helped to kickstart a few IPOs. He has exited as a C-suite member in one of its subsidiaries and is now a partner in a fintech company. Mr. Haw will use his experience in business, fintech and his connections across these industries to advise AVXChange on related matters.

We have conducted a small interview with Mr. Haw and talked about what made him join AVXChange, what makes it different from competing projects, and its real-world use case and benefits.

Here’s a transcript of our interview.

AVXChange: “Why did you first get interested in AVXChange?”

Haw: “As an observer and believer in transparency from enterprises, I had AVXChange on the top of my blockchain list as one of the few companies with a great team and real-use which is the sale of audio video entertainment products.”

AVXChange: “In your view, what makes AVX stand out from other blockchain projects?”

Haw: “With their encrypted, custom P2P file sharing platform and incentivized model within their ecosystem, the AVXChange application, DLT and native AVX tokens will be the new era in the digital entertainment world. Without incentivizing P2P file-sharing, systems can be counter-productive. What makes them even more unique is the fact they are using distributed ledger technology to run the application and their token. Basically they will have their own blockchain that will be run by community members and users. All will earn the AVX token for their role in the ecosystem.”

AVXChange: “How can IP owners and users both benefit from AVXChange?”

Haw: “AVXChange is a marketplace which incentives ground “actors” with the best of what blockchain technology and cryptocurrency can provide. Through AVX tokenomics within its own ecosystem, IP owners are given their fair share for their efforts in the entertainment industry. AVX token holders will also be crucial, as they will be rewarded for their participation in AVXChange. AVXChange will be next big thing in the blockchain and digital entertainment industries.

I am excited and honored to have the opportunity to advise and share ideas with the CEO Mr. Robert Enga and the COO Ryan Strasser on how best to make AVXChange a success. I am and will continue to give relevant and valuable advice based on my experience in blockchain and traditional business.”

To learn more about our project, you can read our Whitepaper here: AVXChange Whitepaper or you can check our explainer videos which explain the platform and the company’s vision for non-tech-savvy readers:

https://www.youtube.com/channel/UCMNhNStABYqIv4XoGZMiy1g

AVXChange: Leading the Distributed Entertainment Revolution

AVXChange: Leading the Distributed Entertainment Revolution

Introduction

AVXChange is the next evolutionary step in the current peer-to-peer (P2P) industry and is undeniably superior to traditional methods of file distribution, leading the way to the development of the first ever P2P file sharing platform that compensates intellectual property (IP) owners and incentivizes users by allowing them to earn for their role in distributing the product to market.

AVXChange, or Audio Video eXchange in its simplest form is a retail platform for audio and video entertainment. More specifically, AVXChange is a custom, incentive based, P2P file sharing platform designed for the exchange of audio and video media over the internet. AVXChange could further be described as a FinTech business established on the principles of Distributed Ledger Technology (DLT) set to revolutionize the distribution of entertainment over the internet.

The Need

The company’s goal is to address a need in the market to convert uncompensated P2P media file downloads into compensated media downloads by incentivizing P2P file sharing participants to purchase their files. Uncompensated downloads are when IP owners receive no compensation for their work being downloaded which are present on many existing P2P file sharing platforms.
AVXChange resolves the need for artists to have a fair, transparent market for their digital distribution, unlike current subscription models which only give artists pennies on the dollar for their works.
Through AVXChange, file sharing participants are incentivized to compensate IP owners by allowing those sharing the files to profit from their involvement in the distribution network, economically compensating them for the usage of their bandwidth, processing, and storage resources.

Technology

AVXChange is the evolution of P2P file sharing. Unlike other existing P2P file sharing applications, the AVXChange platform will be a distributed system using blockchain to eliminate centralized data points, thus increasing security and transparency as all nodes on the network will reach consensus on data and events.

The AVXChange network will be a custom built platform which includes the distributed ledger/database, cryptocurrency, a layered node network, a client application, and backend administrative application/interface. The ledger and cryptocurrency will be secured using cryptographic algorithms, blockchain type hashing, and custom consensus methods.

It will be powered by its own token running on its own proprietary network and blockchain. The AVXChange Token (AVX) will be the currency of the commerce on the network and may be exchanged for other cryptocurrencies at the given exchange rate at the time. AVX tokens will be earned by sharing media files as well as by acting as a node which supports the network infrastructure.
As the rate of technological advancement is rapidly increasing, along with the increasing popularity and advanced applications of blockchain and cryptocurrency among different industries, AVXChange has found a way to incorporate these revolutionary technologies into the current P2P file sharing with the goal of bringing the current P2P industry to the next level.
Unlike typical ICOs, AVXChange had already started its platform development last year and self-funded the entire operations before its token sale with the goal of offering its potential investors with a working product during token sale instead of just selling pure concept. AVXChange is set to launch their beta release this month and had started their ongoing token pre-sale last March 25, 2019.

If this is your first time reading about AVXChange and haven’t completely understood the project, you can check our explainer videos which explain the platform and the company’s vision for non-tech-savvy readers. Click the link to watch the videos:

https://www.youtube.com/channel/UCMNhNStABYqIv4XoGZMiy1g

AVXChange Beta Launch Update

AVXChange Beta Launch Update

After months of silent and hard work, AVXChange is very excited to announce that we are getting closer to our Beta release.

AVXChange is a distributed peer-to-peer (P2P) file sharing platform with elements of blockchain and cryptocurrency which is designed for the exchange of audio and video entertainment that is set to revolutionize the distribution of proprietary data over the internet.

Early last month, we were able to release our Alpha prototype. The Alpha contains all the main features of the AVXChange Platform that strongly resembles the Beta Application and was tested by AVXChange’s QA team which helped us identify bugs and other features that need improvement. After the first release, our team has been working on fixing those bugs and making improvements on the application and focused on the development for the Beta release. The upcoming Beta Testing will be conducted in three phases to test stability, security, and scalability. Core components of our AVXChange Application included on the Beta release will be announced during the actual Beta launch as well as limitations of the current Beta version.

Stability Testing

The first phase during the Beta testing which aims to stress the software to its maximum capacity and determine its efficiency beyond its normal operational capacity. Stability testing involves exercising the system with heavy users and measuring its performance parameters to verify whether the system will be able to support the anticipated load or not. This will help us evaluate how well our system performs under normal loads as well as with large volumes of data and help the users or the testers to understand how our system works in real-life situations.

Security Testing

This is done to ensure that the software is free from any vulnerabilities and risks that may cause big damage or loss. Security testing aims to find all possible weaknesses and system loopholes to uncover vulnerabilities of the system and determine that its data and resources are protected from possible intruders. While we aim to identify all possible security risks and to check all areas, our main areas of focus include: network security (to check vulnerabilities in the network infrastructure), software security (to assess various software weaknesses), client-side application security (to ensure that the client is in control and cannot be manipulated), and server-side security (to ensure that server codes and its technologies are solid enough to withstand any intrusion).

Scalability Testing

Scalability testing is done to evaluate the capability and the efficiency of the system to continue to function well regardless of the changes in the volume of data being processed and test the ability of the network to meet a growing need. Scalability testing is important to measure at what point the system stops scaling, identify what causes it, and come up with the best solution for scalability. While the entire blockchain ecosystem has evolved a lot over the last few years, one of the hurdles for its adoption is scalability. Scalability has been a big challenge for the entire blockchain community and with AVXChange running on its purpose built, custom distributed platform, we believe that we have the advantage to build an efficient and scalable system because of our multi-layered and multi-ledger approach.
As opposed to other typical ICOs, AVXChange had already started its platform development last year and self-funded the entire operations before its token sale with the goal of offering its potential investors with a working product during token sale instead of just selling pure concept.
AVXChange is determined to make this Beta release happen. We believe that our platform will bring the current P2P file sharing to the next level by compensating IP owners, rewarding sharing, and will further the Distributed Ledger movement by providing meaningful real world uses of the technology. This upcoming release is a major milestone, not only for us, but also for those who believe in our vision. We will be releasing video demonstrations on our website as soon as the Beta is released.

If this is your first time visiting our page and haven’t completely understood our project, we recommend that you begin by checking out our explainer videos which explain our platform and our vision for non-tech-savvy readers. Click the link for our explainer video:


https://www.youtube.com/channel/UCMNhNStABYqIv4XoGZMiy1g