Driving Token Stability and Quantum Innovation: Dynex Introduces Quantum Nodes

Dynex [DNX]
3 min readNov 21, 2024

Achieving significant milestones as part of its recently updated Economic Model, Dynex continues to build trust and uphold its commitment to delivering on its promises. In line with this, the company now introduces Quantum Nodes. Dynex Quantum Nodes are decentralized computing units that perform scalable quantum computations while supporting the stability of DNX by requiring collateral and generating transaction fees. Dynex’s dedication is a win win, on the one hand strengthening DNX token stability and on the other hand supporting job growth within the quantum computing space. The integration of these nodes into the ecosystem offers participants unique benefits and a pathway to engage with scalable quantum technology. The roll-out starts today with an invitation-only testphase to confirm performance features such as security and stability.

What Are Dynex Quantum Nodes?
Dynex Quantum Nodes are a foundational element of the Updated Economic Model, facilitating scalable quantum computations by utilizing decentralized hardware resources. Each quantum node is required to hold a collateral of 10,000 DNX for as long as it remains operational. This collateral requirement embeds DNX within Dynex’s core infrastructure, incentivizing long-term holding and supporting the stability of the token’s value by reducing circulating supply. Each quantum node requires the installation of Dynex’s proprietary software, which includes the provision of a comprehensive dashboard to manage and monitor its operation as part of the package.

Dynex Quantum Nodes Dashboard

How Quantum Nodes Work
Dynex Quantum Nodes operate on a unique payment mechanism tied to qualitative performance metrics, remunerated in stablecoins (USDT/USDC). This means that payments are based on the actual usage of the quantum node for Dynex computing jobs, with an average of 0.193 USDT/USDC per compute job.. This approach encourages continuous engagement from node operators while providing a stable income.

Key Benefits of Dynex Quantum Nodes

  • Long-Term Value for Token Stability: The 10,000 DNX collateral requirement for each quantum node fosters long-term holding and participation, which supports a steady and sustainable increase in the token’s value over time.
  • Stablecoin-Based Rewards: Operators are remunerated in stablecoins (USDT/USDC), providing a reliable income unaffected by market volatility.
  • Performance-Based Earnings: Earnings are directly linked to the number of quantum jobs processed, promoting active participation.
  • On Demand: Dynex Quantum Nodes are utilized on-demand only, providing the possibility for hardware to be used for other tasks during idle times of the quantum node.

The Importance of Quantum Nodes
The launch of Dynex Quantum Nodes aligns with the growing global demand for decentralized, scalable quantum computing. With the global quantum computing market expected to grow at a CAGR of over 30%, Dynex Quantum Nodes present a compelling opportunity for businesses and operators to participate in this cutting-edge sector. By embedding DNX in the core operational structure, Dynex creates a sustainable economic model and positions DNX as a valuable digital asset with intrinsic utility.

System Requirements for Dynex Nodes Operators

  • 4 core CPU Intel/AMD
  • 2 x Nvidia GPU (2060 or newer)
  • 1 GB RAM per GPU
  • 20 GB disk space (SSD)
  • 100 mbit/s LAN
  • Ubuntu 18–24 with CUDA 12

About Dynex

Dynex is a leading Quantum-as-a-Service (QaaS) technology, offering businesses an affordable, accessible and scalable solution for high-performance computing underpinned by a robust commitment to ethical integrity by Dynex Moonshots. With cost-effective subscription plans available to everyone, Dynex enables industries to solve real-world problems at scale with unparalleled computational power. Across academia and different industries from artificial intelligence, pharmaceuticals, finance, aerospace and many more, Dynex drives exponential growth in the most complex fields, meeting the increasing demand for advanced computing solutions. Powered by its native token $DNX, Dynex promotes transparency and trust through its Layer 1 blockchain, delivering secure, scalable quantum computing solutions for real-world and blockchain-based challenges. Dynex is recognized as a 2024 Technologist of the Year as part of Fast Company’s Next Big Things in Tech Award.

Learn more at https://dynexcoin.org

--

--

Dynex [DNX]
Dynex [DNX]

Written by Dynex [DNX]

Dynex is a next-generation platform for neuromorphic computing based on a groundbreaking flexible blockchain protocol.

No responses yet