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  • Essay / Distributed Credit Chain Technology

    DCC operates an open platform. In this article, the focus will be on its technology. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay The platform supports the development of DApps. Initially, this development will be centralized. The platform foundation will be responsible for reviewing the DApps. It encourages third parties to submit applications for the development of DApps. This will pass the review process before publication. Addresses can be created using DApps. The DApps on DCC are grouped into two. The platform develops Universal Dapps and third parties can also offer theirs. The universal DApp compares existing price offers. It is then obliged to offer users incredible rates on their credits. Digital WalletDCC has a digital wallet that complies with Ethereum standards. The wallet safely stores user funds. The DCC digital wallet has public-private keys. These keys are obtained using an elliptic curve algorithm. Each digital wallet is designed to secure the user's account and funds. The wallet we have here follows the same pattern. There are three steps of security here: address, public and private keys. The latter allows the user to generate random passwords. The public key then combines with it to generate an address. DCC uses the elliptic curve algorithm for its portfolio. The algorithm is popular for its scalability and transparency. Open PlatformDCC is open source, which makes it open to its users. Transactions are transparent. On the platform, DCC has integrated a market and data provider. The DCCmarket contract is the engine of its market. Participating platforms analyze and disseminate information available on the market. Although this improves the transmission of information, users can make an informed decision on which service to choose. Gateway Service The platform is transparent and considerations are made for other users. As a user, if you have difficulty accessing the platform from its RPC, you can use this platform. DCC's gateway service provides an alternative entry 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. The DCC channel platform is well structured. The first channel will be the consortium channel. It will function as a testnet of the platform chain. Later, it became a public channel. As a consortium chain, DCC will accept node bids from companies. Billing and non-billing nodes will be present for this. The billing node will be deployed in authentication nodes on DCC. Third parties can request uncharged nodes. Third parties can become billing nodes when they meet the platform conditions. The platform must confirm that these institutions are stable in the market before granting them billing permissions. Consensus AlgorithmThe platform uses a completely different algorithm. PBFT is the official consensus algorithm of this project. The algorithm is very useful. Security is top notch. PBFT creates additional channels as soon as possible. Mining can therefore be fast and the platform scalable. Nodes with an agreement can create individual blocks. There will be no additional cost to do this.In SummaryKeep in mind: this is just a sample.Get now.