Dragonchain is a commercial Blockchain optimized for the rapid development and distribution of Blockchain applications. In this article, as Kriptokoin.com, “What is Dragonchain?” We will answer the question. In addition, we will touch on other questions about the project.
What is Dragonchain? What does it do?
Dragonchain’s native Token is DRGN. The platform has an ERC-20 (DRGN) Token to facilitate interaction on it. Dragonchain is a commercial-grade Blockchain designed for the rapid development of enterprise Blockchain-based applications. DRGN Blockchain was created by the Dragonchain Foundation, a US-based organization. Dragonchain allows users to choose the level of verification they need for a transaction. It offers a unique context-based consensus mechanism. In this way, it aims to optimize speed in development and distribution. Dragonchain’s consensus mechanism technology was developed as the Disney Private Blockchain Platform before being released as open source software. Dragonchain was also built to support an incubation service called DragonFund. Dragonchain’s DragonFund helps launch their business by launching a Token and providing legal, technical and marketing advice. The DRGN beta was released on April 9, 2018.
How does it work?
DRGN specifically makes it easy for companies to create and deploy new services using existing development environments in Java, Python, Node, C# and Go. It also potentially makes it cheaper. The platform also operates a serverless model where all users must host and run smart contracts via Amazon Web Services. Dragonchain introduces the concept of context-based verification as a consensus mechanism. The platform runs on two subsets, commercial and open source. It gives users a choice as to the level of security they want to use. In general, the architecture is better described as a Blockchain with five different levels of consensus available depending on how a user wishes to process transactions. The higher the consensus level, the more secure a transaction should be.
What is Dragonchain? How to buy DRGN?
Dragonchain is currently traded on a small number of cryptocurrency exchanges. The exchanges where Dragonchain is traded are listed as follows: FTX, KuCoin, Gate.io, Bancor Network. People who want to invest in the project should access the web/mobile application of the stock exchange where the project is traded. Next, the exchange must complete the account opening steps.
