Key Properties And Components Of DragonChain
Nowadays, anyone from all walks of living is into cryptocurrency investments. This digital coins aims to replace the norm medium and typical market that people usually use in trading. If you are wondering which crypto is worth spending your time and money, this article can surely help you decide.
As we can observe, most of the cryptocurrencies have still a long way to go before they can reach the peak of their success. But there are few currencies which have already proven their worth and have successfully gained the attention and trust of investors to their system. Dragonchain is definitely included in the list!
Initially, DragonChain is a network based on a blockchain that was produced in 2014 by Disney. On year 2016, from being a private blockchain platform in Disney, it became open source software. DragonChain is presently working as not-for-profit yet may release as a commercial business as soon as the platform is completely released.
Three key component
1. Platform for Dragonchain
It is a place for developers to make and keep the smart contracts. It is also a secured storage for business client’s information.
2. Crowd scaling incubator
Companies develop blockchain projects here. The projects are then reviewed by crowds (investors and experts) from different places. These processes will let the projects to be launch and to start creating its own value in the market.
3. Marketplace for Dragonchain
This third and last component of Dragonchain is the system which supports the companies. It is the perfect place to access and enter the library that has all the pre and already developed smart contracts.
The three significant components above make up the ecosystem of Dragonchain .It was then fueled by its own coin called the Dragon coin. It has the currency symbol of DRGN.
Generally speaking, the real intent of Dragonchain is to assist companies promptly and to integrate blockchain easily into their business processes. Many of the enterprises and businesses are interested in it because of the advantages that are associated in serving customers through blockchain technology. It will improve the efficiency of the business. Transactions done are secured and well protected. It will also reduce the processing cost through eliminating scams, fraud, etc.
More particularly, DragonChain is offering a serverless environment that lets businesses to begin using blockchain in a simple, non-public and risk-free manner. It plans to provide businesses a turn-key product that is appropriate with the advancement stack that companies are presently applied. This implies that businesses will, at this point be able to construct their own smart legal contracts on Blockchain platform using common computer programming languages.
Key properties of Dragonchain
- Agnostic currency
- Developed language assistance for smart contracts
- State-of-the-art currency implementations
- Scalable deployments
- Library for smart contracts
- Defense and security of procedure and data
- Smart contracts and prograns that are server less
Those above key attributes help businesses as they run their applications and processes. It works together resulting to low costs, projects’ high scalability, fast speed transactions and high level of protections.