What is Dragonchain (DRGN)?
Dragonchain (DRGN) is a project developed by Disney under the name “Disney Private Blockchain Platform”. The project was later open source and was further developed by the non-profit Dragonchain Foundation, based in Seattle, Washington.
Dragonchain simplifies the integration of real business applications into a blockchain and provides features such as: easy integration, data protection and business operations, supporting multiple currencies.
Dragonchain’s architecture provides five agreed standards to provide a reliable data user. As verification levels increase for each level, it increases safety, reduces risk, and measures risk. A widespread trust is made, where risks are accepted based on a combination of real-world contracts, node reputation, and unbiased system assertions.
Dragonchain is not an ordinary coin but a real blockchain platform, can be used to compete with the very famous Ethereum blockchain platform.
What is Dragonchain (DRGN) used for?
Dragonchain (DRGN) is defined as Tokenized Micro-License used to interact in Dragonchain’s activities and services.
DRGN is used as a reward to encourage and develop the Developer community to contribute to Dragonchain’s resources as well as related projects.
Features and characteristics of Dragonchain
Dragonchain is a Hybrid blockchain platform so that some information will be made public, but some information will be kept confidential. This helps its users maintain the necessary privacy, which is indeed a remarkable feature of Dragonchain compared to Bitcoin and Ethereum.
In addition, the Dragonchain platform is designed with many advantages, such as:
- Dragonchain allows businesses to create their own blockchains or choose public blockchains.
- Support many types of cryptocurrencies on a chain.
- Dragonchain’s architecture helps to enforce strict control when someone wants to access smart contracts or confidential business data in it.
- Dragonchain is a platform without a server, which makes it easy for the platform to expand strongly.
The DragonChain project development team consists of eight members of which Joe Roets is the chief executive and chief architect of the platform. He previously worked for Disney before leaving to devote his entire time to developing the DRGN platform. Joe Roets is also a noted member as he has been involved in projects at Coinbase and Overstock.
The rest of the team consists of four core developers and three business and marketing experts.
In addition, the group has a large advisory council behind them. Jeff Garzik may be their most experienced adviser on blockchain technology. He was an icon in the process of building the Bitcoin network and founded blockchain company, Bloq. Another important adviser is Ed Fries; he is vice president of game publishing at Microsoft and co-founder of Xbox.
The DragonChain platform is trying to position a niche in the world of cryptocurrencies with its layered security features. The 5-layer security model will add great reliability that contributes to their overall goal of facilitating the integration of business models into the blockchain.
You can check DRGN price here.