Blockchain: A New Era
Blockchain is a rapidly growing technology that is engulfing every possible business domain. Blockchain technologies are exploding in popularity, and despite some wild fluctuations in their prices, there’s more interest in Bitcoin, Ether, Ripple and Lumens than ever before. Therefore, many reports published have predicted a huge rise in the blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and internet. Blockchain was also published in Gartner’s Hype Cycle as one of the emerging new technologies in next 5–10 years.
DDK is a community platform aiming to create economic opportunities through the development of blockchain solutions. Since 2015, our community has enthusiastically contributed to a number of blockchain platforms. This includes projects such as Universal Blockchain Wallet (UBW), Blockchain.My (BCMY), Blockchain.My Merchant Application, BCMY NFC Smart Card and DinarCoin (DNC). The community network has actively spread across a number of countries including Malaysia, Singapore, Cambodia, Vietnam, Thailand, Indonesia, Brunei, Philippines, Japan, Yemen, USA and other countries worldwide. The dedicated eﬀort of our community’s teamwork has played a major role in the success of our blockchain platforms. At current, our community has 46 leading teams. By supporting our community with economic incentives to spread and adopt our platforms through ETPS pre-order MODE, we are able to sustain blockchain projects continuously benefits the community in a way that works and benefits for all.
History of DDK
30th January 2015, the team developed an idea for a pre-ICO project, based on the ETPS technology called DNC(DinarCoin) which represent 4.25grams of 999.9 karat gold(24k) on which the team started working on, furthermore, the board decided to make ETPS technology more focused towards the community, rendering ETPS more community-centric.
On 31st December 2015, the team worked full hours on the pre-ICO project and the first instance of ETPS was developed for the public.
27th January 2016, to further increase awareness the team developed websites and used every marketing techniques, the security was also greatly improved to secure the system from malicious attacks.
February 2016, The team developed teams of traders called MICE (Masters of International Crypto Exchanger) and ICE (International Crypto Exchanger) to grow the pre-ICO community and further increase research on the target markets. The team also participated in multiple international conferences to promote ETPS and DNC.
March 2016, The team launched UBW (Universal Bitcoin Wallet) London in which DNC can be exchanged with BTC and ETH.
April 2017, The Universal Bitcoin Wallet London was rebranded to Universal Blockchain Wallet Singapore, security patches were also applied.
October 2017, This was the transition phase from ETPS to DDK coin, the team also decided on making the consensus system based on DPoS (Delegated Proof Of Stake)
1st April 2018, The ETPS platform ceased and development of the interface of DDK started, DDK, Voting, DPoS systems were thoroughly tested for their user-friendliness and functionality. DDK Documentation v1.0 was also prepared to make users understand the concept of DDK.
30th April 2018, The DDK Documentation v1.0 was released and the pre-introduction to the web wallet interface made users familiar after the migration.
8th June 2018, the pre-ICO has finished.
DDK has passed through it’s initial stages with flying colours, and we are aiming to continuously expand in the right direction with our team working on protocols and modules to further propel DDK in the market.
What Sets DDK Apart
Making It More Powerful By Delegated Proof of Stake(DPoS)
Scalability issues often prevails within public blockchains and to tackle these issues, some blockchains have adopted the popular Delegated Proof of Stake (DPoS) consensus mechanism. DPoS don’t compromise on the decentralized incentive structure at the heart of the blockchain while speeding up the transactions and blocks creation.
In the traditional Proof of Stake consensus mechanism, a user can put their coins at stake, thereby earning the right to validate transactions, forge blocks, and earn associated rewards. DPoS, a variation of the Proof of Stake consensus, seeks to reach consensus more efficiently.
DDK uses Delegated Proof of Stake, DPoS as the consensus system of the chain. For this, the stakeholder who wants to become a delegate, registers on the platform, submit a fee and then the delegates are selected by rigorous voting between the stakeholders.
DDK is creating a local government system where it elects delegates to forge blocks and execute incoming transactions, apart of which the community will also be receiving rewards if delegate is awarded. The multi-level referral systems add a layer of utility on top of the crypto assets, the goal is to introduce rewards distributions to all the users associated with the DDK network. Thus, building network communities, creating a truly unique utility solution for its users.
Competitors Just Can’t Do It
Derived towards community building and network systems, DDK provides much more value to its users than any of its competitors are providing. DDK platform with its innovative concept, facilitates its users with
- Creating opportunities for supporting economic growth
- Fastest and Efficient transactions
- Global exchanger
- High security
- Suitable for Micro Payments
- Decentralized Autonomous Organization (DAO) through Delegated Proof of Stake
- Distributed Database through Delegates (Block Producer)
Furthermore, DDK expand its roots through South-East Asia having future plans of worldwide expansion whereas, other competitors are only limited to specific countries or areas.