AXEL integrates exciting, innovative technologies into each one of our products and services. We develop cutting-edge solutions that offer superior performance, security, privacy, and user experience.
The following sections will detail a few major tech components we have incorporated into the AXEL product lineup. Our commitment to providing robust, easy-to-use offerings without caveats is what sets us apart from the competition. We want people to break free from the Big Tech monopolies and escape corporate surveillance nets while still having access to full-featured software.
The AXEL Network employs multiple layers of security to maintain cybersecurity and keep user content safe. We believe that privacy and security are linked. We aim to provide solutions that lead the industry in both categories. Here’s how we ensure the AXEL Network remains secure:
Digital Shredding. Since our Network has hundreds of decentralized server nodes in various locations. Using a technique we call ‘digital shredding,’ every time a user sends data via our Network, it is split up or ‘shredded’ into many tiny pieces and scattered throughout these nodes. This means that even if a hacker compromises a single node or small group, they still can’t access the full file. This protects your data and prevents catastrophic data breaches.
It’s a core component of our decentralized technology and makes the AXEL Network an innovative system that keeps information safe.
Encryption. Encryption is a hot topic in the cybersecurity field for good reason. Governments hate it, and privacy-focused consumers love it. AXEL uses the trusted AES 256-bit encryption algorithm to protect user passwords. AES 256-bit encryption is the official standard for the United States government and the only cipher approved by the U.S. National Security Agency (NSA) for use with top-secret information. Ironically, one of the top law enforcement agencies uses the same encryption they decry the public utilizing.
The possible combinations needed to be calculated by a computer to brute force crack the algorithm results in a 78-digit number. Consider that a billion possible combinations are only a 10-digit number, and you start to see how much security the algorithm provides. Experts estimate it would take the world’s fastest supercomputer billions of years to brute force its way through an AES 256-bit key.
The InterPlanetary File System
One of the core principles of AXEL’s technological philosophy is the importance of decentralization. That’s why we’ve implemented the InterPlanetary File System (IPFS) into our solutions.
The IPFS is a peer-to-peer networking protocol that relies on a distributed file system to share data. A distributed system is one where many machines spread throughout the world act in unison to provide a single, coherent experience to the end-user.
This type of decentralized file system offers many strengths over traditional server configurations:
No single point of failure. In a centralized server network, attacks can leave users without access to their data. Worse, it could expose files to malicious agents. The AXEL Network is a persistent and resilient file system you can count on to be rock solid.
Additionally, no single node on the Network stores the entire file, so hackers can’t compromise your documents in a meaningful way.
Higher performance. Peer-to-peer file transfers scale better and have lower latency than traditional server-based distribution. This is because, unlike conventional servers, data requested from a distant geographical location isn’t relayed from Network to Network each time you access it. Instead, it is pulled directly from nearby Masternodes, saving significant bandwidth.
The IPFS sends end-users the data chunks simultaneously from all of the surrounding nodes instead of needing to download the packets sequentially from a centralized server. This improves download speed.
Censorship-resilient. Information stored on the IPFS cannot be taken down or censored effectively due to its peer-to-peer, distributed nature. In contrast, governments can freely request web hosts using centralized infrastructure to take down displeasing content.
This is why activists mirrored Wikipedia to the IPFS for Turkish citizens when the government banned the popular online encyclopedia in 2017. The IPFS is one of the greatest tools available to protect free speech and the open dissemination of knowledge.
AXEL believes the IPFS is the next evolution of the internet. The technology is disruptive and mainstream adoption has been slow only due to the steep technical learning curve previously required to use it. That’s where AXEL’s integration sets it apart. AXEL’s goal is to make IPFS practical for everyday users.
IPFS Pinning Goes Mainstream
Data storage on the IPFS works similarly to how cache works on a hard drive. Information stored there is inherently temporary. On the IPFS, this is, so an enormous amount of data doesn’t overload the Network’s nodes. For the IPFS to hold information for long periods, it needs to be “pinned.” Pinning data tells the IPFS node that it isn’t transient and should be saved indefinitely. In the past, pinning required either significant technical knowledge or an expensive 3rd-party pinning service. AXEL has eliminated these barriers to the tech’s widespread adoption.
Blockchain technology provides an innovative new way to handle transactions over the internet.
Blockchain technology provides an innovative new way to handle transactions over the internet. Traditionally, a trusted third party, like a bank or financial institution, must facilitate and validate digital transactions. The involved parties rely on the institution to ensure the transaction is what they agreed upon and pay a handsome surcharge for it. Blockchain technology provides a decentralized alternative to this process. It eliminates the middlemen along with the standard accompanying fees. It may seem a bit mysterious, but really, it’s not so hard to wrap your head around.
In a blockchain, small containers called ‘blocks’ hold bundles of transaction data. All of the computers (nodes) participating in the blockchain’s Network analyze and validate this data. Once a block contains a specific number of valid transactions, it is officially created and added to the chain in sequential order. This means the last block on the chain always contains the most recent group of transactions. The system creates a unique alphanumeric code called a “hash” for the block. Each block includes its hash and the hash of the previous block on the chain.
Once validated and added, the transaction information in a block is unalterable. Any change to data within a block would alter its hash and the hash of each subsequent block. This breaks the chain. Each node on the Network has the entire history of the blockchain, so its accuracy and integrity are verified continuously. This is why blockchains are considered immutable. With these security advantages, it’s easy to see why we’ve chosen to integrate blockchain technology into the AXEL Network
It’s important to note our blockchain doesn’t store the actual data stored on the Network, only the transfer records. So, the content you share and store is always private. It’s the perfect balance of timestamped transparency and privacy.
Proof-of-Stake (PoS) Consensus: Secure, Sustainable, and Fast
When it comes to blockchains, there are generally two varieties; Proof-of-Work and Proof-of-Stake. The AXEL blockchain is Proof-of-Stake while others like Bitcoin are Proof-of-Work. We believe PoS offers distinct advantages:
- Reduced energy consumption. Proof-of-Work blockchains require network participants to use their computing hardware to solve complex mathematical equations for block validation. PoS blockchains only need contributors to stake a certain number of the blockchain’s tokens. Since power-hungry “mining” hardware isn’t running around the clock, PoS blockchains use significantly less energy – up to 99% less!
- Higher accessibility. Although PoS networks require a (sometimes sizable) initial stake, it usually pales compared to what someone would have to spend on competitive mining equipment. Most of the large PoW networks with desirable coins need specialized hardware to see beneficial results. This hardware can cost many thousands of dollars for a single unit, and you’re inevitably competing with dedicated mining farms with hundreds or thousands of such devices.
- Greater decentralization. Since the more popular PoW blockchains aren’t accessible to individual miners, large mining pools tend to dominate them. This means that a few factions control the majority of the blockchain’s hashing power. If some of these groups ever decided to band together, they could hold over 50% of the total hash rate, which could lead to the verification of invalid blocks. PoS blockchains do not have centralization issues such as these. Rewards for participation scale linearly to the amount staked.
We believe the Proof-of-Stake consensus method is the most sustainable, accessible implementation of blockchain technology. It offers irrefutable advantages while providing the same level of security. It’s why we chose to use it to back the AXEL Network.
A Blockchain Solution with Real Value
We didn’t create a blockchain to pump a worthless altcoin. We believe in the technology and utilize it across a range of commercial software products. AXEL is a legitimate company with tangible intellectual property. We are committed to engineering exciting technological solutions to today’s biggest security and privacy challenges. The AXEL Token is a component of our product line, not the product itself.
A Proof-of-Stake Utility Token
Our blockchain supports one of the fastest-growing Masternode networks in the world and uses the proprietary AXEL Token as fuel for data transfers. The AXEL Token is a Proof-of-Stake utility token that Masternode holders must stake to participate in the network. For more information, please read our White Paper.
The AXEL Token is now available on three major cryptocurrency exchanges: WhiteBIT, ProBit, and CREX24*