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DecentralChain Whitepaper

DecentralChain Whitepaper

Introduction:

DecentralChain is a blockchain technology that aims to address the scalability limitations of current blockchain protocols. These protocols struggle to handle a high volume of transactions, leading to slow performance and a bottleneck in the system. DecentralChain-M5 seeks to improve transaction throughput and reduce transaction latencies, allowing for faster initial transaction confirmation times. Its goal is to compete with systems like VISA, which can handle tens of thousands of transactions per second, while current blockchain protocols can only handle around 3-7 transactions per second.

In addition to its focus on scalability, DecentralChain also aims to be a sustainable technology. It uses a proof-of-stake protocol that is more energy-efficient than traditional proof-of-work protocols, and it employs hardware that is designed to be energy-efficient as well. This helps to minimize the carbon footprint of the DecentralChain network, making it a more environmentally-friendly option for businesses and organizations.

DecentralChain also places a strong emphasis on security. It has a decentralized governance system that ensures the integrity of the network, and it undergoes regular security audits to identify and address any potential vulnerabilities. In addition, DecentralChain uses secure software to protect against attacks and ensure the safety of the network.

 

Overall, DecentralChain is a powerful blockchain technology that offers a range of benefits for businesses and organizations. Its focus on scalability, sustainability, and security make it a viable option for a variety of industries and sectors, and its ability to connect with other blockchain networks makes it highly interoperable. If you are looking for a blockchain technology that can meet the needs of your business or organization, DecentralChain is worth considering.

 

Background:

DecentralChain is a blockchain technology that has a number of unique features that make it suitable for a variety of industries and sectors. Its native token, DecentralCoin (DCC), is a digital asset with a limited supply that is used for standard payments such as block rewards. DecentralChain has its own on-chain governance system, which allows it to make changes to the protocol through a process called “DecentralChain Enhancement Proposals.” These proposals are voted on by DecentralCoin holders, and any modifications to the protocol must receive the support of 80% of the participants.

 

DecentralChain can be used to develop a comprehensive blockchain ecosystem that offers several capabilities required for corporate adoption. Its capabilities include the ability to create new business models such as non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs), as well as quick service at low prices and easy interoperability by connecting to various ecosystems.

DecentralChain Blockchain 3.0 Network Features:

Some of the most notable features of DecentralChain include:

Enterprise Level: DecentralChain has a broader scope in terms of industries and sectors it can incorporate than most technologies. It allows the development of hybrid enterprise blockchain platforms that facilitate data privacy, ease of deployment, management tools, high availability, and high transaction throughput. These features make DecentralChain suitable for a range of enterprise-level applications, including supply chain management, asset tracking, and financial transactions.

Interoperability: DecentralChain technology allows for the interoperability of different blockchain networks around the world through a Cross-Chain Communication Gateway. This gateway allows data to transfer between different blockchains without compromising their sovereignty, enabling DecentralChain to seamlessly integrate with other blockchain networks. This feature is particularly useful for businesses and organizations that want to leverage the benefits of multiple blockchain technologies without the need for complex integration work.

Scalability: DecentralChain addresses the scalability issue by allowing the network to reach the highest throughput based on network conditions. This is achieved through the use of a modified proof-of-stake protocol called Leased PoS, which allows miners to farm blocks continuously during the mining process. This increases the number of transactions that can be processed per block, improving transaction throughput and reducing transaction latencies. As a result, DecentralChain can offer faster initial transaction confirmation times than other blockchain technologies. Read the official DecentralChain documentation at https://docs.decentralchain.io/en/master/ to learn more about DecentralChain features.

Sustainability: DecentralChain aims to minimize its carbon footprint through the use of a sustainable proof-of-stake protocol and energy-efficient hardware. Its proof-of-stake protocol consumes less energy than traditional proof-of-work protocols, making it more environmentally-friendly. In addition, DecentralChain uses software & hardware that is designed to be energy-efficient, further reducing its impact on the environment.

Security: DecentralChain employs various security measures to protect against attacks and ensure the integrity of the network. These measures include a decentralized governance system, regular security audits, and the use of secure hardware. Its decentralized governance system allows for the democratic decision-making of the network, ensuring that all participants have a say in the direction of the technology. Regular security audits identify and address potential vulnerabilities in the system, while the use of secure hardware adds an additional layer of protection against attacks.

Solution:

DecentralChain offers a solution to the scalability and sustainability issues faced by current blockchain technology. Its protocol design and smart contract language enable the implementation of fixed fees, even in the event of network overload. This is achieved through the use of protocols that operate on the blockchain in a similar manner to traditional contracts, rather than being written on paper.

 

The DecentralChain node network consists of eco-friendly servers that process transactions in an environmentally-friendly manner. These servers are powered by renewable energy sources, making the DecentralChain network more sustainable than traditional proof-of-work blockchain networks, which consume large amounts of electricity.

 

The protocol is designed to support a high volume of transactions per block, making it suitable for DeFi applications with numerous users and low-volume transactions. With the ability to handle 60,000 transactions per block or more, DecentralChain can support a large number of users without sacrificing speed or performance.

 

Token holders can earn a passive income by staking their DCC tokens on the DecentralChain network. This process involves holding the tokens in a wallet and participating in the validation of transactions on the network. In return, token holders receive a portion of the transaction fees and block rewards as a reward for their contribution to the network.

 

The DecentralChain ecosystem is user-friendly, providing a single point of entry for users and developers. It offers a range of products and tools to simplify the creation and management of DApps, including a programming language called RIDE and a framework for building cross-chain communication gateways.

 

To address the scalability issue, DecentralChain employs a unique approach called “micro block” confirmation. Rather than confirming transactions in a single block, the protocol breaks the block into smaller units called micro blocks, which are confirmed in just 3 seconds or less. This allows for the maximum throughput of thousands of transactions per block, improving the overall scalability of the network.

 

Overall, DecentralChain offers a comprehensive solution for businesses and organizations looking to adopt blockchain technology. Its focus on scalability, sustainability, and user-friendliness make it a viable option for a wide range of industries and sectors. Its ability to connect with other blockchain networks through cross-chain communication gateways also makes it highly interoperable, allowing it to seamlessly integrate with existing systems and technologies. Read the official DecentralChain documentation at https://docs.decentralchain.io/en/master/ to learn more about the technical side of DecentralChain.

Supporting evidence:

Private Key Security:

The private key is a crucial element of DecentralChain’s security system. It is generated from a random seed phrase using hashing functions, and is used to derive the public key and account address through the use of elliptic curve multiplication. These transformations are unidirectional, meaning that it is almost impossible to reverse them in terms of the required computations. This makes it extremely difficult for anyone to guess or discover the private key, ensuring that the user’s funds and transactions are secure.

To further enhance security, DecentralChain wallet apps typically use a random set of 15 English words as the seed phrase. This phrase can be any combination of symbols, words, or bytes, and is used as a backup in case the user forgets their private key. The probability of generating two identical seed phrases is extremely low, making it nearly impossible for anyone to guess or brute-force the phrase. This helps to simplify the user experience, as the secret phrase is much easier to write down or remember than a long and complex private key.

Sustainability Protocol Evidence:

DecentralChain’s commitment to sustainability is supported by two separate tools: DecentralScan.com/peers and TheGreenWebFoundation.org. The first tool, DecentralScan.com/peers, allows users to view the address of any node in the DecentralChain network and verify that it is sustained by carbon neutral web servers. The second tool, TheGreenWebFoundation.org, is a global database that can be used to verify the carbon neutrality of any web server. Together, these tools provide robust and verifiable evidence of DecentralChain’s commitment to sustainability.

DecentralChain-M5 Scalability Solution:

The scalability of a blockchain is determined by two key parameters: block size and block interval. The block interval is the average amount of time between the creation of two blocks, and a shorter interval can lead to increased forks, which can decrease throughput or require extra time to resolve. Larger blocks, on the other hand, can lead to network usage spikes during block propagation, which can also decrease throughput and increase the risk of forks.

DecentralChain-M5 addresses these issues through the use of a unique solution called “liquid blocks.” A liquid block consists of a key block and a chain of microblocks, and is created through a process that begins when a miner node determines that it has the right to create a new block. The node creates and sends a key block, which is usually empty, and then begins creating and sending microblocks every 3 seconds. These microblocks are similar to regular blocks, containing a pack of transactions that reference the previous microblock or key block. The microblocks are continuously mined and propagated to the network until a new key block is created, at which point the process starts over.

This process allows DecentralChain-M5 to achieve maximum throughput and reduce transaction latencies, enabling it to handle thousands of transactions per block. The speed and efficiency of this system can be verified in real-time using the official DecentralChain wallet, Decentral.Exchange, and the official blockchain explorer, DecentralScan.com. Under the “General Info” tab on DecentralScan.com, users can find information about the average block delay and the number of transactions per block, providing concrete evidence of DecentralChain-M5’s scalability and performance. 

Conclusion:

In conclusion, DecentralChain is a blockchain technology that offers a number of unique features that make it suitable for a variety of industries and sectors. Its focus on scalability, sustainability, and security make it a viable option for businesses and organizations, and its ability to connect with other blockchain networks makes it highly interoperable. If you are looking for a blockchain technology that can meet the needs of your business or organization, DecentralChain is worth considering.



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