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Home » Blog » What Is Polymesh (POLYX)? Complete Guide & Review About Polymesh
CryptoCurrencies

What Is Polymesh (POLYX)? Complete Guide & Review About Polymesh

Cws Team
Last updated: 24/12/2024 9:32 PM
Cws Team
3 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
What Is Polymesh (POLYX)? Complete Guide & Review About Aarma
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What Is Polymesh (POLYX)?

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving challenges with public infrastructure around governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token of They used to stake and secure the network, pay transaction fees, and engage in governance.

Contents
  • What Is Polymesh (POLYX)?
  • Monopolon Storage Key Points
    • A blockchain for securities 
    • Get started
      • Download the wallet
      • Become verified
      • Get POLYX
      • Dive In
    • Why Purpose-Built?
      • Governance
      • Identity
      • Compliance
      • Confidentiality
      • Settlement
    • Purpose–built for security tokens
    • The first public, permissioned blockchain for securities
    • Node operators must be licensed financial entities
    • Beyond the ERC-1400 security token standard
    • POLYX
    • Nominated proof–of–stake

Monopolon Storage Key Points

Coin BasicInformation
Coin NamePolymesh
Short NamePOLYX
Circulating Supply N/A
Total SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

A blockchain for securities 

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.

Get started

Getting started on Polymesh Coin is easy. Follow the instructions and in a short amount of time, you’ll be ready to use the chain.

Download the wallet

Enable your browser to interact with the Polymesh network with the Polymesh Wallet extension for Google Chrome.

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Become verified

Every user has to pass a minimal identity verification check as part of our customer due diligence (CDD) requirement when onboarding.

Get POLYX

POLYX is the native token on Polymesh Coin— use it for paying transaction fees and participating in governance. Find out how to get it.

Dive In

The developer portal is the perfect place to discover the Polymesh universe — we have guides, documentation, and more.

Why Purpose-Built?

Polymesh’s specificity gives the chain (and the applications built on top) an advantage over general-purpose blockchains.

Governance

Contentious forks in the chain present significant legal and tax challenges for tokens that are backed by real assets. They uses an industry-led governance model to prevent hard forks and guide the evolution of the chain.

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Identity

Securities issuance and transfer requires a known identity, but most chains are built for pseudonymity. Polymesh Coin uses a customer due diligence process to ensure all actors on the chain are verified and all transactions are authored by permissioned entities.

Compliance

Solutions built on top of general purpose blockchains struggle with processing the complex logic needed to comply with regulations.

Confidentiality

Most market participants need their position and trades to remain confidential, but anyone can see holdings on general-purpose blockchains. Polymesh has engineered a secure asset management protocol that enables confidential asset issuance and transfers.

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Settlement

Settlement challenges prevent the blockchain from serving as a golden record for asset ownership. By creating assets at the protocol layer, Polymesh Coin is able to provide a simplified approach to transfers that provides instant settlement without prefunding, prevents unwanted airdrops through trade affirmation, and can offer deterministic finality.

Purpose–built for security tokens

Regulated markets require identity, compliance, confidentiality, and deterministic finality. Yet most existing blockchains were built for pseudonymity, censorship resistance, and transparency, and rely on probabilistic settlement. It was built to incorporate governance, identity, compliance, confidentiality, and deterministic finality into the chain’s core.

The first public, permissioned blockchain for securities

Polymesh Coin is a public, permissioned blockchain that requires all participants– whether issuers, investors, node operators or stakers– to first become verified with a customer due diligence provider.

Node operators must be licensed financial entities

On Polymesh, anyone can run a regular node or check the upholding of network rules and public state secured by the blockchain. However, not everyone can run nodes that author new blocks or vote on block finality– only specific entities, called node operators, can.

Beyond the ERC-1400 security token standard

It was inspired by ERC-1400 but layers in additional capabilities around governance, identity, compliance, and confidentiality. Take a look at the chart below to see how the compares to existing security token standards:

POLYX

POLYX is the native protocol token for Polymesh and the blockchain’s fuel. It enables the creation and management of security tokens, drives POLYX holder participation through governance, and secures the chain through staking. POLYX is classified as a utility token under Swiss laws, based on guidance from the Swiss financial regulator FINMA.

Nominated proof–of–stake

Polymesh Coin uses a nominated proof-of-stake consensus mechanism where economic incentives drive node operators and stakers to work together to guide the evolution of the chain.

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One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies. Verna Is team Members of 9 People
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