Trade Dragonchain to BTC on Beaxy

Dragonchain is an enterprise-ready blockchain that offers public and private solutions in the way of smart contracts, decentralized applications, and more. Dragonchain was built to enable more rapid development of blockchain-based applications.

Dragonchain profile

Features of Dragonchain

Private Blockchains

The Dragonchain platform enables businesses to build private blockchains that encrypt confidential information and business logic. Private blockchains on Dragonchain can be created with zero development time and cost. You can set one up in minutes. Businesses can upload and run smart contracts on the private chain, keeping all sensitive information hidden. They can then leverage their private chain to connect with public nodes and external blockchains to enhance the capabilities of non-private information that is stored on their blockchain.

Dragon Factor

Dragon factor blockchain-based access solution. When you establish a Factor, all of your login credentials for websites and applications that you access are encrypted on an immutable blockchain. This adds efficiency to the sign-in process by giving you one secure key to use in order to access all of your online accounts. Dragonfactor is a more secure access solution because your passwords are not held by a third party company that can spy on your passwords. Log in credentials stored in your Dragon Factor are encrypted and can only be accessed and viewed by you.

Frequently Asked Questions

What is Dragonchain?

Dragonchain is a commercial-grade blockchain that provides public and private blockchain solutions in the way of smart contracts, decentralized applications, and more. Dragonchain was built by the Dragonchain Foundation to enable more rapid development of blockchain-based applications. The Dragonchain Foundation oversees the protocol’s open-source code and the blockchain itself is maintained by Dragonchain, Inc.
The Dragonchain platform gives developers much less cumbersome and much more efficient tools to create and maintain a public and private blockchain as well as the decentralized applications running on them.
Dragonchain enhances individual blockchain’s utility through their patented Interchain technology, which allows participants of the Dragonchain platform to interact with and publish data to external blockchains, which include; Bitcoin, Ethereum, Neo, and Ethereum classic. Dragonchain developers are working to build interoperability between additional blockchains.
When run independently, public and private blockchains have a myriad of flaws. Dragonchain’s public/private hybrid architecture gives enterprise developers more flexibility by enabling them to keep confidential information encrypted within a private blockchain while allowing data that needs to be published to be stored on a public blockchain.

Dragonchain Technology

Dragonchain offer additional solutions, which include:
Dragon Den - A tokenized social media platform built on top of Dragonchain. Dragon Den segments content based on different topics and interests. The platform utilizes tokenization to incentivize content creators to post accurate and useful information. Dragon Den is built to reduce the amount of spam, misinformation, and trolling that is common on popular social media platforms like Facebook and Twitter. e of a real-world asset like silver.
Dragonchain Academy - A tokenized blockchain education program. Beginners and experts alike can earn rewards for completing courses and developing blockchain-oriented skills. Rewards earned by students who complete courses are paid out by the Dragonchain Foundation. The academy provides certifications for proficiencies gained in various aspects of the Dragonchain ecosystem. They even offer in-person workshops to present the courses to large groups of individuals interested in learning how to develop on a blockchain.
Dragonchain Console - A user interface that developers can use to create and manage nodes, wallets, smart contracts, and applications that are running within the Dragonchain ecosystem. The Console removes the need to have a deep technical understanding of blockchain and smart contract development. You can leverage the easy-to-use interface to create your own blockchain in minutes.

How to mine Dragoncahin?

Dragonchain (DRGN) tokenized micro-licenses are not created through the process of mining. Instead, participants of the Dragonchain ecosystem can earn (DRGN) tokens by holding them in a Dragonchain wallet. The Dragonchain TIME function rewards you will additional tokens for each day that you hold DRGN in a wallet. DRGN tokens can also be earned by completing blockchain-related educational courses on the Dragonchain Academy.

What are the benefits of using Dragonchain smart contracts?

The benefits of using smart contracts on Dragonchain are:
Speed and Accuracy — Dragoncahin smart contracts execute code based on programmatic legalese that is written into stand contracts.
Entry Point — Dragonchain smart contract leverage standard inputs to accept data and standard outputs to export the results to the Dragonchain platform.
Security — Transacting on your business node is completely private and secure. Transaction hash outputs are connected to previous and succeeding outputs to form a secure and verifiable chain.

Risks of Dragonchain Trading

Investment Risk Dragonchain has investment risk related to the general price movements of digital assets.. The price of DRGN regularly moves a lot in very short periods of time. This means that DRGN is a very volatile asset. Increasing volatility is generally seen as an increase in the overall risk. Digital assets don’t have the liquidity of the stock market, whenever there is a large buy or sell order the price will reliably make a significant move. Security Risk Dragonchain is a digital asset that is typically safeguarded by the individual or group that owns the asset. With the absence of deposit insurance, this means that the token holder is ultimately responsible for anything that happens to the holdings. You can increase the security of your holdings by keeping your DRGN in a wallet that is not connected to the internet. This requires a hacker to get your private key before they could gain access to your wallet. When using a wallet that is connected to the internet, a hacker may only need your password to a website in order to steal your DRGN. When using an offline wallet with a properly recorded and stored private key, you have significantly reduced your attack surface. Regulatory Risk Dragonchain and other digital assets are not officially regulated by most governments. This creates some risk due to the possibility that regulators apply harsh laws to digital assets that make them inconvenient or more expensive to use. This should be considered before buying or selling cryptocurrency.

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