Draken

Draken

DRK
$0.000700139

Key Metrics

Price$0.000700139
Real Volume (24H)$0
Marketcap$684,362.21
Fully Diluted Valuation$3,136,138
ATH$0.04441833
ATH Date7/20/2021, 4:12:27 AM
ATL$0.00009848
ATL Date5/12/2022, 11:58:49 AM
Circulating Supply977M
Total Supply977M
WebsiteN/A
WhitepaperN/A
Popularity Rank2526
Chart
What is Draken?

Draken (DRK) is an all-in-one blockchain-based platform that is designed to overcome the challenges currently faced by blockchain ecosystems. The platform aims to facilitate a wide range of real-life use cases and achieve mass adoption of blockchain technology. Draken is a complete financial ecosystem on-chain, with a focus on privacy and portability.

The main challenges facing blockchain ecosystems include expensive and time-consuming infrastructure, low transaction throughput due to the lack of horizontal scalability, difficulty in extending new protocols without affecting the rest of the network, and energy costs that adversely impact the environment.

To overcome these challenges, DRK chain was built to be anonymous, sustainable, scalable, and decentralized. The platform has invented scripting tools to support smart contracts and provide "privacy on demand" through a DaRK mode, facilitating privacy blockchain technology. Draken also allows developers to port their smart contracts to other decentralized technologies, making it easier to extend the platform's capabilities.

One of the unique features of Draken is its Proof-of-Honor (PoH) consensus mechanism. PoH ranks nodes based on the amount of stake and transactions, encouraging Dapp developers to serve as many users and generate as many transactions as possible. PoH also helps in removing cheating and slacking miners to preserve the network's longevity via its advanced incentive system.

DRK is the ecosystem's native digital token that allows holders to participate in on-chain governance. Through this, holders can determine critical parameters and consensus nodes that maintain the network's chain. DRK tokens also enable users to access various features of the Draken ecosystem, including privacy-on-demand, decentralized exchange, decentralized social network, payment gateway, and decentralized games.

Draken aims to provide a complete financial ecosystem on-chain that is sustainable, scalable, and decentralized. The platform seeks to overcome the challenges faced by current blockchain ecosystems and provide real-life use cases for blockchain technology. With its unique features and capabilities, Draken is set to become a leading platform in the world of blockchain-based finance.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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