Dragonchain DRGN to FOAM FOAM Exchange

Crypto Pair Details: DRGN to FOAM

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.

FOAM FOAM

FOAM is an open protocol for proof of location on Ethereum. Our mission is to build a consensus driven map of the world, empowering a fully decentralized web3 economy with verifiable location data. FOAM incentivizes the infrastructure needed for privacy-preserving and fraud-proof location verification. The starting point for FOAM is static proof of location, where a community of Cartographers curate geographic Points of Interest on the FOAM map. Through global community-driven efforts, FOAM’s dynamic proof of location protocol will enable a permissionless and privacy-preserving network of radio beacons that is independent from external centralized sources and capable of providing secure location verification services. FOAM Token Functionality 1. Add and Curate Geographic Points of Interest The FOAM Spatial Index Visualizer allows Cartographers to participate in interactive TCR POIs on a map. Users can add points to the map, validate new candidates and verify the map by visiting real world locations. The FOAM Token Curated Registry unlocks mapping in a secure and permissionless fashion and allows locations to be ranked and maintained by token balances. Users can deposit FOAM Tokens into POIs on the map to increase attention those POIs might receive. 2. Signal for Zone Incentivisation A further potential use of the FOAM Token by Cartographers is to stake their FOAM Tokens to Signal. Signaling is a mechanism designed to allow Cartographers to incentivize the expansion and geographic coverage of the FOAM network. To Signal, a Cartographer stakes FOAM Tokens to a Signaling smart contract by reference to a particular area. These staked tokens serve as indicators of demand, and are proportionate to (i) the length of time staking (the earlier, the better), and (ii) the number of tokens staked (the less well-served areas, the better). In the context of the contingent Dynamic Proof of Location concept (described further in the Product Whitepaper), these indicators are the weighted references that determine the spatial mining rewards. 3. Contribute to Potential Secure Location Services as Zone Anchor or Verifier The FOAM protocol may allow users to provide work and secure localization services and location verification for smart contracts and be rewarded for their own efforts with new FOAM Tokens in the form of mining rewards. Devices and real world contracts can be programmed to designate attestations and track interactions and transactions on the map. With the addition of necessary radio hardware by individual users and the grass roots expansion of the FOAM network, it may be possible for location status to be proved in a different manner. Location could be proved through a time synchronization protocol that would ensure continuity of a distributed clock, whereby specialized hardware could synchronize nodes’ clocks over radio to provide location services in a given area. As explained further in the following paragraph, this ‘Dynamic Proof of Location’ is contingent on a number of factors outside of Foamspace’s control.

SOURCE: COINGECKO

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