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Dragonchain

Dragonchain (ticker symbol: DRGN) is a cryptocurrency blockchain protocol originally developed by Joe Roets to allow for more data privacy than other existing blockchains like Ethereum and Bitcoin.  It is a public/private Hybrid blockchain platform that allows integration with other blockchain protocols, legacy systems, oracles, and API's. [1]

Overview

DragonChain is a blockchain-based company and ecosystem originally developed by The Walt Disney Company in 2014. The project started as the “Disney Private Blockchain Platform” and was later released as open-source software in 2016.

Dragonchain simplifies the integration of real business applications onto a blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism,and multiple currencies. [1]

Research and development of the Dragonchain project began in 2014. It started out as the Disney Private Blockchain platform and was released as open-source software. In 2017, the Dragonchain Foundation, a non-profit organization, was launched and the Dragonchain platform, as we know it today, was born. The foundation was created specifically to maintain ownership and responsibility of the open-source code. Since then, it has been taken over by the Dragonchain Foundation, a non-profit organization. [2]

In late 2017, the Dragonchain startup launched an Initial Coin Offering (ICO) as DRGN, and it raised approximately $13.7 million during a two-stage token sale.[3]

What DragonChain Does?

Dragonchain helps companies quickly and easily incorporate blockchain into their business applications. Many companies might be interested in making this transition because of the benefits associated with serving clients over a blockchain – increased efficiency and security for transactions, a reduction of costs from eliminating potential fraud and scams, etc.[2]

More specifically, DragonChain is providing the serverless ecosystem that allows companies to start using blockchain applications in an easy, private, and secure way. They aim to give businesses a “turn-key” product that is compatible with the development stack that companies are currently used to like Java, C++, and Python. This means that businesses will now be able to build their own smart contracts (on the DragonChain platform) using common programming languages. [2]

  • Serverless system and smart contracts

  • Established language support for smart contracts (Java, Python, Node, C#, Go, etc.)

  • Scalable Amazon AWS and Google deployments

  • Secure Protection of business data and operations

  • Advanced currency implementations

  • Smart contract libraries

  • Currency Agnostic

Benefits

  • Lower development cost utilizing existing development languages

  • Faster speed to market

  • Significantly higher levels of security

  • Higher scalability

How Dragonchain Works

Dragonchain's blockchain technology delivers key capabilities like the secure protection of critical business data and operations, multi-currency support, currency agnosticism, and easy integration with business applications.[3][4]

Dragonchain also relies on a combination of basic and “context-based” verification systems that utilizes five base levels of nodes as well as a Level "X" type proprietary context verification node when desired that enables businesses to implement additional forms of verification on top of the base levels. The five base levels, or types of nodes, in Dragonchain are:

  • Level 1 – The Business Node, the base level for processing transactions and approving or declining transactions

  • Level 2 – The Enterprise Validation Node, for determining the validity of data decisions submitted by level one nodes

  • Level 3 – The Network Diversity Node, which checks for errant nodes that may be compromised by validating and ensuring multiple sources of information

  • Level 4 – The External Partner (Notary) Node, a third-party verification system designed to serve as an “independent witness” of data committed and reviewed by level 3 and higher-level nodes

  • Level 5 – The Public Checkpoint Node, which serves for interacting with other public blockchains like Bitcoin to provide external "proof of existence" for the blocks committed within Dragonchain.

Availability of Established Languages

With this arrangement, and due to the abstraction of trust provided by the Dragonchain architecture,the user has access to multiple full languages as supported by AWS :

  • Python

  • Java

  • Node.Js

  • C#

These languages are consistently ranked in the top for usage in the real world in such surveys and studies as Redmonk Programming Language Ratings ,Stack Overflow Developer 6Survey ,Github Language Trends, and PYPL Programming Language Popularity Index.Availability of popular, established, and well understood languages for safe and secure use on a blockchain is a valuable capability in convenience and risk to the team and for adoption of the Dragonchain platform. Millions of active developers currently code fluently in one or more of these languages and Dragonchain will provide an easy path for these developers toward the use of blockchain technology.[2]

Dragonchain Platform

The DragonChain offers a platform, where developers can create contracts in a variety of languages, in a server-less and scalable environment. Business data is protected and all contracts have the full access to Amazon Web Services.[5]

Dragonchain Incubator

The DragonChain can also offers a Crowd-Scaled Incubator is where companies will be able to easily develop their blockchain projects by following DragonChain’s standardized process. Crowed-Scaled means that after the company develops it’s blockchain based product, it can be reviewed and scaled by a crowd consisting of people/investors from all over the world. If the blockchain project gets approval from these reviewers, the DragonChain incubator works to reduce the resources required for a client to get exposure on a developing project.[2]

Dragonchain Marketplace

DragonChain Marketplace is basically to help the client companies by giving them access to a pool of verified Subject Matter Experts on topics like crypto, marketing, and software development. The Marketplace is also where DragonChain clients access the library of pre-developed smart contracts.[1]

Dragonchain Coin ($DRGN)

Dragonchain coins were initially distributed via an initial coin offering that took place from October 2nd until November 2, in 2017.[1]

Dragonchain’s initial coin offering had no cap on contributions, which means contributors received the amount of tokens equal to their total percent contributed. Dragonchain did not actually meet its funding goal, but decided to continue work on the project.[5]

55% of Dragons were distributed through the ICO. 20% was given to the team, 10% placed in reserves, 10% given to the foundation, and 5% placed in the Dragonfund.[2]

Total Supply: 433,494,437 DRGN

Circulating Supply: 238,421,940 DRGN

The DRGN coin was offered on October 2nd, 2017 at.0663 USD at the ICO and surpassed $4 by January of 2018.

List of cryptocurrency exchanges that supports Dragonchain coin

  • Allcoin

  • Fatbtc

  • Kucoin

  • Gate.io

  • Bancor Network

  • Ether Delta

  • IDEX

  • Tidex

  • Cobinhood

  • CoinExchange

DragonChain Wallets

Dragon Coin (DRGN) is an ERC-20 token, so Dragonchain cryptocurrency can be stored in wallets that support storage of ERC-20 Tokens like:

  • My EtherWallet(MEW)

  • Metamask

  • Coinomi

  • Ledger NanoS

  • Trezor. 

Dragonchain Team

  • Joe Roets: CEO Principal Architect/Vision

  • George Sarhanis: Chief Business officer

  • Brandon Kite: Lead Developer

  • Dylan Yelton: Developer

  • Alex Benedetto: Developer

  • Chin-One-Chan: Marketing Manager Asia 

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