DRK DeFi Chain- Blockchain for Decentralized Finance

About DeFi

Cryptocurrency’s promise is to make or save money and payments universally accessible– to anyone, no matter where they are in the world.

The Decentralized Finance (DeFi) or Open Finance movement takes that promise a step further. Imagine a global, open alternative to every financial service you use today — savings, loans, trading, insurance and more — accessible to anyone in the world with a smartphone and internet connection.

This is now possible on smart contract blockchains, like Ethereum. These smart contracts enable developers to build far more sophisticated functionality than simply sending and receiving cryptocurrency. These programs are what we now call decentralized apps, or dapps.

However, there were certain difficulties with the performance of Ethereum Mainnet when Vitalik Buterin was ambiguous about the exact roadmap for improving expansion, transaction speed and security when upgrading to ETH 2.0. “There are some things that are slower than expected, additional technologies are still being worked on” — Ethereum’s Founder.

DRK Chain — an addition to the blockchain platform

Participating in the Blockchain universe, a future technology trend as people increasingly have access to connected technology devices, DRK builds a new generation Blockchain Platform by combining all the outstanding technologies of previous Blockchain generations, adding and refining to ensure absolute practical applicability, serving the highest application field of Blockchain: DeFi.

DRK Chain is built and optimized on the 4.0 Blockchain. The consensus mechanism Proof-of-Honor (PoH) uses HodgeRank to rank nodes based on the number of Stake and the number of Transactions, which encourages Draken Group partners to join the network under one node which results in profit when interacting with their financial transactions. PoH offers advanced, intelligent node ranking to eliminate spam and fraud transactions, greatly increase the life of the network and significantly reduce transaction costs. Smart Contract with a multi-tiered structure, optimization capabilities and the ability to interact with other blockchains offer incredible compatibility and expansion with the DRK DeFi platform. A privacy protocol on DRK Chain called DaRK was invented as the first in the world to have scripting tools to support smart contracts and provide “privacy on demand” (instead of “privacy by default”), bringing blockchain closer to mass adoption

DRK Chain- No longer an idea

Thanks to the hard work of DRK’s Blockchain developers and the help of a technology provider, we launched DRK Chain successfully. Mainnet has been online. In the near future, we will convey more of the project’s vision and bring to the community many exciting programs within the DRK ecosystem.