What Is Dragonchain?
Dragonchain is it’s own hybrid blockchain platform for small businesses, enterprises, and developers. Originally developed inside The Walt Disney Company in Seattle in 2014 by Joe Roets, and then open-sourced in 2016. The public/private hybrid blockchain platform also allows integration with external blockchains and legacy systems through Interchain™, integrating third party oracles, API’s, IoT, supply chain, and other business data. Dragonchain proved its interoperability in 2016 and is currently using its Interchain™ to connect to Bitcoin, Ethereum, Binance Chain, and Ethereum Classic. Easily migrate from off-chain, to on-chain, while remaining GDPR capable. Developers can write their own smart contracts in any coding language, such as C++, Go, JavaScript, Java, Python, Ruby, Shell, C#, Hy, Rails, PHP and others allowing them to build decentralized blockchain applications on-premise or in multi-cloud environments. Notable capabilities include quantum encrytion and signing, behavior systems, social forum and governance marketplace, predictive analytics and complexity science for supply chain management, and environmental tracking and accounting.
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What Makes Dragonchain (DRGN) Unique?
The Dragonchain platform is a next generation blockchain and money transfer protocol that is being developed for the global community. It offers both financial and non-financial benefits to participants of the network. These benefits are mainly attributed to the use of smart contracts, which are encoded into the tokens. Smart contract technology makes it possible for the holders of the Dragonchain tokens to execute different kinds of transactions that include both purchases and sales of tokens. Furthermore, they can also convert their balances in regular currencies and other internationally recognized currencies. Through smart contracts, financial organizations can build new market segments and gain new customers at an international scale.
Dragonchain Coin
This is a highly efficient and secure trading system that is present in over half of the world’s exchanges. Users can send their transactions to any of the existing token-based exchanges, and vice versa. The network functions as a cross-chain bridge, thus making it accessible to users anywhere in the world. The primary goal of Dragonchain is to help users reduce the operational costs associated with online trade. The use of smart contracts, together with the Dragonchain debit card, makes it possible for users to trade across national boundaries and without a lot of effort and manual labor.
A major attraction of Dragonchain besides its ability to perform financial functions is the fact that it is a completely open-source project. There are several teams that are currently working on different aspects of the decentralized future of Cryptocurrencies. As the first step towards creating a better future for traders of decentralized tokens, Dragonchain is a well-guarded project and has received great feedback from several industry experts.
