Topic > Distributed Credit Chain Technology

DCC operates an open platform. In this post we will focus on its technology. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The platform supports the development of DApps. In the initial phase, this development will be centralized. The platform foundation will be in charge of reviewing the DApps. Encourage third parties to submit applications for DApp development. This will go through the review process before its release. Addresses can be created using DApp. DApps on DCC are grouped into two. The platform develops Universal Dapps and third parties can also create their own. The universal DApp compares existing price quotes. So it stands in the gap of issuing users surprising rates on their credits. Digital WalletDCC has a digital wallet compliant with Ethereum standards. The wallet securely stores users' funds. DCC's digital wallet has public-private keys. These keys are obtained using the elliptic curve algorithm. Each digital wallet is designed to protect the user's account and funds. The wallet we have here follows the same pattern. There are three security steps here: the address, the public and private keys. The latter allows the user to generate random passwords. The public key then maps to it to generate an address. DCC uses the elliptic curve algorithm for its wallet. The algorithm is popular for its scalability and transparency. Open platformDCC is open source and therefore open to its users. Transactions are transparent. On the DCC platform he has integrated a marketplace and a data provider. The DCCmarket contract is the propeller of its market. The participating platforms analyze and release the information available on the market. While this improves information transmission, users can make an informed decision about which service to opt for. Gateway service The platform is transparent and considerations are made for other users. As a user, if you find it difficult to access the platform from your RPC, you can use this platform. DCC's gateway service is an alternative access point to the platform. If you want to reduce the time spent on RPC, you can access the platform from its open API made available on this gateway. DCC Chain The platform is well structured. The first chain will be the consortium chain. It will function as a testnet of the platform chain. It later becomes a public chain. As a consortium chain, DCC will accept tenders from companies. For this purpose there will be billing and non-billing nodes. The billing node will be deployed to the authentication nodes on DCC. Third parties may request nodes without billing. Third parties can become billing nodes when they meet the platform's conditions. The platform must confirm that these institutions are stable in the market before granting them billing permissions. Consensus algorithm The platform uses a completely different algorithm. PBFT is the official consensus algorithm for this project. The algorithm is very useful. Security is top notch. PBFT creates additional chains in the shortest time possible. Mining can therefore be fast and the platform scalable. Nodes that have not reached an agreement can create individual blocks. There will be no additional costs for doing this. Conclusion Keep in mind: this is just one example. Get a custom paper from our expert writers now. Get a Custom Essay DCC will work best in the areas where it is applied. The ecosystem is vibrant..