What is Dragonchain & How to Buy DRGN
What is Dragonchain?
Initially, Dragonchain was recognized as the Disney Private Blockchain Platform. Just like the name insinuates, it is a platform for blockchain which concentrates on business uses. It is categorized as the most secure, flexible, and developer- friendly platform which has been established so far which provides a host of significance for developers and companies looking for these features. Dragonchain has a host of features that makes it unique among others, some of which include currency agnosticism, simple integration, and a host of others.
How Recent Is Dragonchain?
Although Dragonchain may not have come to light until recently, it as created at the Disney office in Seattle as early as 2015 and 2016 where it was named Disney Private Blockchain Platform.
Following the first development, the team utilised the Community Group of W3C Blockchain to carry out the exploration and documentation of over 20 use cases and applications, which aided in demonstrating its merit as a platform. It was unleashed in form of an open-source software in October, in the year 2016.
The nonprofit Dragonchain Foundation started in the month of January 2017 with the aim of owning and managing the open-source code. Lastly, the marketplace provides developers with access to crucial resources by allowing them to utilize the ecosystem with a prebuilt incubated project, specialized experts as well as qualified vendors.
How Does Dragonchain Stand Out?
The team responsible for the creation of Dragonchain laid emphasis on the numerous characteristics of this platform and the ecosystem which makes it stand ahead of other systems. It provides users with the capacity to possess their own chain as a hybrid system and attain enterprise consensus as they move on using their selected public blockchains.
The Dragonchain platform makes use of a serverless architecture to allow for powerful and simple scaling. It also provides users with the capacity to carry out coding in Node, Java, C+ or Python. The platform also allows users to construct applications without or with the aid of a currency or numerous currencies because it is currency agnostic. There would also be a marketplace or an incubator where new projects can be created on the Dragonchain platform.
Reason for the Creation of Dragonchain
The individuals behind Dragonchain created it to deal with some of the possible problems that are related to the other platforms like Bitcoin or Etherum. By creating Dragonchain, the aim of the team behind Dragonchain was to improve on the structures utilised by Etherum and Bitcoin and ensure it is less risky and less difficult to incorporate new systems with the blockchain.
What is the function of Dragons ( DRGN)?
Dragons can be utilized to access any area of the platform now that the sale is done. This may consist of data feed subscription, getting discounted or early access to tokens to utilize for projects or incubated projects, spinning up a node among a host of others.
How to Purchase Dragonchain DRGN?
Now the sale of tokens are over, you would have the capacity of buying the tokens on various exchanges.
DRGN cannot be purchased utilising Fiat currency so it would be required that you buy another currency first. The least difficult to buy include Etherum or Bitcoin. These can be done at Coinbase by utilising a credit/debit card purchase or a bank transfer and then swapping it for DRGN at a platform for exchange like Kucoin.
Register at Coinbase
For individuals who are purchasing Cryptocurrency for the first time, it is recommended that you use Coinbase to carry out your initial purchase. It can be utilised with ease and it is completely regulated by the government of the United States so you can rest assured that it is one of the most reputable and secure locations to buy cryptocurrency from. Coinbase provides users with the capacity to purchase Ethereum, Bitcoin and Litecoin which can be attained using a bank transfer or via a debit or credit card. The fees although more elevated for cards, your currency would be attained immediately.
You would be required to go through a verification of your identity when you sign up and this is because they have to follow very strict financial rules. Ensure you utilise your link in signing up and free bitcoin worth $10 would be credited to you when your initial purchase of $100 is made.
To begin, select the “Sign up” button and you will be directed to a form for registration where you would be required to input your email, name and select a password.
For this example, we will be buying Etherum to replace the cryptocurrency of your choice. This is because its fees are not as expensive as bitcoin when it has to do with sending and transactions are also carried out more rapidly.
When you get to Coinbase, head to the Buy/Sell tab which can be found above. Choose Ethereum and select your method of payment and slot in the amount you desire to buy. You can either slot in the number of Ether or an amount in US Dollar.
Next, you will be asked for a transaction confirmation. If you are making payment with a card, you might be required to complete a card verification with your card provider. Immediately this has been concluded, Your Etherum would be placed in your account.
Buy DRGN at Kucoin
Now, you can transfer your Ether to Kucoin to buy your DRGN.
You can now send your Ether over to Kucoin to make your purchase of DRGN
Dragonchain posses a very powerful base and has shown its worth when it was still called the Disney Private Blockchain Platform. It provides security and develops on the various features of blockchain platforms already in existence in a way that would be appreciated by a host of business staff and developers.
DISCLAIMER: Cryptocurrencies like Bitcoin and Ethereum are highly volatile and risky. We cannot give you advice about what to invest in or how much to invest. You should take the information we provide in our courses and blog posts, do your own additional research on specific cryptocurrencies, and plan to decide what kind of investments work for you. We highly recommend talking to a financial advisor to understand the level of risk that you are comfortable with.
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