Review on Dragonchain by Gabriel Medina

Name: Dragonchain
Item: Dragonchain
Rating: 3

October 18, 2020

Disney Dragon Cryptocurrency

Dragonchain (DRGN) is a blockchain platform developed by none and none other than Walt Disney (although they are not currently allied). Its main objective is to help any company to create and incorporate blockchain applications to their systems quickly, easily and safely. This ecosystem will try to correct the weaknesses of blockchains such as Bitcoin or Ethereum. It offers scalable, server-free technology, and common programming languages ​​for smart contact developers to create their solutions quickly and easily.

Features

BaaS applications can be very easily integrated into your blockchain.
It has an incubator program, which will help companies get started.
It uses a serverless architecture in its trading platform.
DRGN cannot be mined and there will be no creation of new tokens in the future.

How does it work?

Dragonchain offers a trading platform to developers so they can easily deploy their blockchain applications thanks to the use of programming languages ​​that are already commonly known.

Within its ecosystem we find the following components:

Platform: Support where programmers can create and store smart contracts.
Incubator: Where companies can launch and create their blockchain projects.
Market: Environment formed by experts to help clients with their projects.
Tokens: This platform could work without the need for a cryptocurrency, however, it can also create not just one but several tokens to work with, including its internal Dragon token.

Security

The blockchain of this platform operates on five levels of verification by consensus, which undoubtedly gives a pleasant confidence to those who use it.

Mining

Dragos mining is not possible, however, it is considerable that all circumstances are created to allow mining.

Conclusion

Dragonchain is a really amazing project with a strong team and cool feature development that provide a solid product that could turn into a successful business. However, it has certain disadvantages and regulations that would affect consumers.
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Pros

It integrates smart contracts, high scalability and greater speed of commercialization and security inherent to blockchain.
Strong team and community that are committed to giving their all in the project.
Good roadmap.

Cons