Draken

1. Summary

Ranks

Liquidity

-

Developer

-

Social

57

Momentum (beta)

0

Stack Rank™

-

Price

$0.007005540000 0.0%

Market Cap

$680,518.00 (#4121)

Supply

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Price
52W High price	$0.000707885500
52W High date	1st May 2024 (9 months ago)
All Time High (ATH) Date	19th Oct 2024 (4 months ago)
All Time Low (ATL) Date	19th Oct 2024 (4 months ago)

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Description

DRaken (DRK) is a next-generation decentralized blockchain platform that utilizes the Proof-of-Honor (PoH) consensus mechanism, evolved from the Proof-of-Stake (PoS) of Ethereum 2.0. PoH integrates the HodgeRank algorithm to rank nodes based on both stake and transaction quantity, enhancing the performance of the DRK Chain. This results in a 2-seco...

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DRaken (DRK) is a next-generation decentralized blockchain platform that utilizes the Proof-of-Honor (PoH) consensus mechanism, evolved from the Proof-of-Stake (PoS) of Ethereum 2.0. PoH integrates the HodgeRank algorithm to rank nodes based on both stake and transaction quantity, enhancing the performance of the DRK Chain. This results in a 2-second block time and up to 5000 TPS while preserving high transparency and decentralization.

Key Features

• Performance: The DRK Chain boasts a significant transaction capacity of 5000 TPS and a competitive block time of 2 seconds.
• Incentivization: The Proof-of-Honor consensus includes an advanced incentive system to promote fair participation and eradicate cheating or slacking by miners, ensuring the long-term sustainability of the blockchain network.
• Gas Station: DRK's integrated protocol, Gas Station, enables near-zero gas fees, making blockchain transactions cheaper while combating spam and incentivizing miners.
• DaRK Privacy: A unique privacy protocol, DaRK, provides "on-demand" anonymity, combining features from Aztec, CryptoNote, BulletProof, and more. This technology supports smart contracts and is more advanced than similar privacy solutions.
• Ease of Use: DRK Chain allows tech enthusiasts to build and optimize decoentralized applications (DApps) efficiently and at a low cost.

Integration

• Digital Banking: DRK is integrated into the Draken Group's digital banking system.
• Gaming: DRK serves as the in-game currency within the blockchain-powered game DragonMaster.

Compatibility

• Smart Contracts: The platform supports smart contracts through the DaRK Privacy protocol.
• Token Creation: DRK allows projects to create and manage their own tokens on the blockchain network.

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