Dragonchain DRGN to Constellation DAG Exchange

Crypto Pair Details: DRGN to DAG

Dragonchain DRGN

Dragonchain is one of the newly launched cryptocurrencies that is attracting crypto enthusiasts following its relaunch. The coin seems to be leading on the technology front irrespective of its market capitalisation trends, which is why it's also being anticipated to be Ethereum’s competitor. Dragonchain is a hybrid blockchain platform, where sensitive business logic and smart contract functionality is held by the owner. Its cryptocurrency is denoted by the symbol DGRN & has a total supply of 433,494,437 coins. Dragonchain uses serverless smart contracts from its pre-built library. This feature is unique to this cryptocurrency, as it can create smart contracts, with or without cryptocurrencies. Dragonchain was developed by Joe Roets who is its CEO and Chief Architect with a team of 4 core developers. The team is backed by a strong advisory board with Jeff Garzik on board who is established icon in the Bitcoin network. It was developed after exploration of 20 use cases and applications. It was released under the Apache 2 license in October 2016 to integrate real business applications onto a blockchain, protect business data and operations, currency agnosticism and multi-currency support. The launch of Dragonchain Foundation, a non profit corporation, in January’17 maintains the ownership and responsibility of Dragonchain’s open source code. Enterprises can easily design smart contracts in a variety of languages like Python, Node, C# & Java. The contracts can be specific to their business needs to include both private internal and public blockchain interactions. The Currency Smart Contracts help organizations to retrieve and transfer specified currency amounts between wallet addresses and check balances which can be run on schemas like ERC20, ERC223, etc. Dragonchain helps enterprises to leverage their models using blockchain by allowing development and integration before the economic model is known. Monetization can be applied after sufficient real data is available & system is functioning. DragonChain’s platform is establishing a niche in the crypto world with its layered security feature. The 5-layer security model adds great credibility to their overall goal of facilitating business integration into the blockchain. Additionally, DragonChain is seen as a strong rival to Ethereum because of the platform’s ability to scale; an issue that Ethereum has been notorious for. As of January 2018, the DragonChain team is raising funds and finishing development of the platform. Although the exact date is currently unannounced, the DRGN platform is expected to fully launch sometime this year.

Constellation DAG

What is DAG? In more traditional blockchains, the host provides the food/drinks (i.e resources) for this party. And when the guests arrive, the amount of resources can only accommodate so many people, the portions are small and then everything eventually runs out and the party ends. Think Constellation DAG like a potluck (a party where everyone brings food/drinks). With every added guest (node to the network), the more resources the party has to keep going. This is the nature of Constellation, a distributed system that scales horizontally. Is Constellation a Blockchain? Not exactly. Although inspired by the principles of decentralization, many standard blockchains such as Bitcoin and Ethereum face scalability issues. This is why the next, generation of decentralized networks such as Hashgraph, IOTA, and Constellation have turned to DAG. What is a Microservice? “Microservices” is an approach to application development in which a large application is built as a suite of modular services. Each module supports a specific business goal and uses a simple, well-defined interface to communicate with other sets of services. Uber, for example, is not a singular app purse. It is a unified app which means it is a single interface that brings together their driver app, their rider app, and their corporate team app.

SOURCE: COINGECKO

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