Review on Dragonchain by francis fernandez
Dragonchain: An Enterprise Utility Blockchain
Dragonchain is a platform designed with the purpose of contributing with other organizations to the development of their individual applications based on blockchain technology. It was founded by the famous Walt Disney business group and discovered on the market in October 2017.
Token:
The network executes its operations through the use of its token called Dragon, identified with the acronym DRGN, an ERC-20 token of Ethereum.
The mission of the Dragonchain network is to ensure that any commercial entity can generate and integrate decentralized blockchain applications to its operating mechanisms in a reliable, fast and easy access way.
Technology used by Dragonchain:
Dragonchain implements conventional protocols such as Pyton, Java or Go, without linked servers and with highly scalable technology that allows creators of smart contracts to easily access the network to develop decentralized solutions without restrictions.
The network works under a scheme that includes:
1-The support where the developers will create, called environment (Dragonchain).
2-The place where organizations will create their blockchain applications (the incubator).
3-The expert advisory service (the market)
4-The DRGN: They are used for the payment of fees for smart contacts, as a reward to network server operators and contributions to developers. It should be noted that the Dragonchain network can operate without a token and it is also possible to create other tokens on its platform.
The network also has properties of high cross-chain compatibility and security of business information through five layers of consensus validation. Furthermore, its technology contributes to the rapid generation of fixed blocks every 5 seconds.
Mining and storage:
They cannot mine the cryptocurrency. However, DRGN tokens can be stored in any ERC-20 token compatible wallet.
Pros
- It is highly secure by offering five layers of validation by consensus mechanism.
- It is compatible with wallets and exchanges that support Ethereum.
- It allows the protection of business data.
- It uses a simple technology that makes it accessible for the development of other applications.
- Allows you to create other tokens on your network and can work without tokens.
Cons
- It cannot be mined.
- It can be bought in very few exchange houses.
New products
Comments (1)
October 22, 2020
The platform was born from the idea of employees or former Disney employees and without a doubt it is not a bad idea, unfortunately the project did not reach the objective that was expected and it had to be practically forgotten because Disney completely separated from this project.
