INTRODUCTION
Decentralization involves distribution and taking power away from the central authority. Almost all financial and governmental system operate on centralized system which simply means there are being managed by Central authority . Examples includes the central banks and some other conventional financial institutions. There are several loopholes in this centralized system .Any slight mistakes or wrong policy will always lead to the system failure .Any misconduct from the top authority will always have negative implication on the entire system . In a bit to solve this problem ,Bitcoin has got developed as a decentralized type of money and alternative to government money. The decentralized nature of this currency did not give room to any single point of failure since not been controlled by central authority. Bitcoin is more efficient, secure , resilient to failure and democratic by nature. Ever since the emergence of Bitcoin , countless alternative cryptocurrency has been developed with similar goals of achieving some level of decentralization and decentralized the global financial system .
In todays publication , i will be discussing about DRK Ecosystem and all benefits derivable from the platform as a developer, trader , startup business and investors. I am sure everyone will find it very interesting .
DRK ECOSYSTEM COMPREHENSIVE REVIEW
DRK CHAIN
DRK is an open source blockchain network developed on DRK chain . It is a digital ecosystem consisting of varieties of blockchain based digital products and services. DRK Chain allows developers to build their various DApps and application on third network. Business startup can as well build their projects on DRK Chain and issuing DRK-99 token . DRK Chain was developed on 4.0 blockchain . It impalements Proof of Honor (PoH) Consenus algorithm which users HodgeRank for nodes ranking depending on both transactions numbers and stakes numbers . The Proof of Honor (PoH) Consensus algorithm delivers a very advanced and highly intelligent nodes which aims at eliminating fraudulent transactions and spam. It ensure the network efficacy and reduction in the transaction cost . Besides, DRK Chain implements a multi -tiered Smart Contract structure which has optimization potentials and the ability to directly interact with other blockchains.
In this article i will focus my topic of discussion on 2 major products offered by DRK platform which includes : DRK Decentralized Exchange (DEX) and DRK Games . Draken is a very huge blockchain ecosystem which has varieties of blockchain products .In this publication, i will limit my discussion on the 2 main products offered by DRK ecosystem .i.e Draken DEX and Entertainment ecosystem. In the nearest future DRaken platform will offering DRKSWAP in their platform to improve further the exchanges service.
DRAKEN DECENTRALIZED EXCHANGE (DRK)
DRK DEX is one among the major products offered by Draken Platform . Decentralized Exchanges obviously is an indispensable tools in Cryptocurrency ecosystem . There are some players in the industry who prefer to keep their identity anonymous .Besides, there is higher risk associated with trading on Centralized Exchangers as there is alarming rate of frauds in the system . Some Centralized exchanger platform freeze users account for no reasons while some do aways with traders funds. Apart from all these , there is higher risk of hacks. Virtually , all world big centralized exchanges have been invaded by hackers , doing away with millions of dollars belonging to the customers.
DRK DEX has been developed to solve all these problems . It is unique decentralized Exchanges platform with cross chain features .The cross chain features enable different types of coins irrespective of their blockchain to be tradable on DRK DEX. The era of trading a single blockchain token or coin on DEX is over. DRK has changed the narratives in DEXs ecosystem . Different types of coins of different blockchain can integrate into DRK chain protocol and traded easily on the exchange.
AMAZING FEATURES OF DRK DECENTRALIZED EXCHANGE (DEX)
1. DRK BLOCK CHAIN : Draken Decentralized exchange operates on independent blockchain . Ethereum blockchain has been the most widely used blockchain network in the world of cryptocurrency .The network was built on old technolgy and this contributed to the slow speed and high transaction cost. DRK Chain is a modern blockchain network specially deveoped for faster and secured transactions . DRK chain has capability of handling up to 10,000 transaction per second. This is quite amazing and you can imagine how faster it would be to transact on the blockchain . Apart from high transaction speed . The network offers high scalability coupled with high degree of decentralization . The cost of transaction on DRK chain is very cheap.
2. DRK OFFERS CROSS CHAIN DEX :
Decentralized exchanges are not much recognized by the traders because of their limitations . The likes of Poloniex , EOS FORKDELTA DEXs are limited to their blockchain tokens. Traders will always an exchange where they can have access to multiple of crypto currency trading pairs. The team of DRK has removed this limitation in their DEX by offering a cross chain Decentralized exchanges where traders will be able to trade different types of crypo coins or token of different blockchain in their DEX.
3. USERS ANONYMITY AND SECURITY: As stated earlier, majority of big players in Crypto sphere doesnt like their identity revealed . As maority of the CEX platform require personal data and KYC verification . DRK Chain as a decentralized exchanges does not require users identity . Users dont have to sign up with their email or personal details. Users can join the DEX with their personal private Key. This feature allow users to take responsibility of their funds . In case of any dissolution or failure of the platform users will have nothing to lose since DRK dex is not holding their assets . Users are always secure on DRK DEX .
4. SEAMLESS ACCESS TO DEFI PRODUCTS AND DEFI TOKENS : DRK will open an opportunity for all users to acces varieties of DeFi products and trading in various DeFi token in their platform .
DRK GAMING PLATFORM
DRK platform offers a Gaming platform which enable users to take advantage from the unbiased , transparent and fully decentralized Gaming platform . The platform offers wide range of GAMES which allows users to play Games In a decentralized and transparent gaming ecosystem . The Gaming platform offered by DRK is powered by Smart Contract which ensures 100% transparency and automation in the running of the platform and payment of winnings . It is a WIN -FOR-ALL Gaming platform powered by smart contracts .Users can chose any type of Game in the platform and play at anytime . As a decentralized gaming platform , it runs 24/7 and no closing time. Users who win receives their winnings instantly in their wallet.
CONCLUSION
DRK DEX is a revolution in crypto exchange space , It is one among the DeFi product offered by DRK ecosystem . All trading pairs in the exchange will be listed via cross chain protocol .As a public blockchain network, business can build their projects on DRK chain and implementing DRC -99 token standard for fund raising .This is game changing innovation in the history of Crypto Exchanges
Official Links
Official Website: https://draken.tech/
Whitepaper: https://drive.google.com/file/d/1mHtV50CktdFCyD_NaH370sZ8sOBehgce/view
Telegram : https://t.me/Drakentech
Facebook : https://www.facebook.com/DRKDEX
Twitter: https://twitter.com/DRKDeFi
Medium : https://medium.com/@DRKDeFi
Authors info
BTT Username: Gringrace
BTT link: https://bitcointalk.org/index.php?action=profile;u=2822451
DRK Address : 0xf641e33aCbDC5a7C6882Ca61c9265AF10E91256F
Tron Wallet : TFQTTjfMxe1aT6Me2y4gNJvxAMTT7Syt5q