Dragonchain Price

What Is Dragonchain

Dragonchain was created as a Disney Private Blockchain Platform by The Walt Disney Company in Seattle in 2015. It was transformed into an open-source software in 2016. Dragonchain is a blockchain-based company and ecosystem that provides a commercial hybrid blockchain platform optimized for the rapid development and deployment of blockchain applications.

In 2017, Dragonchain conducted a token sale that raised around $13 million.

Dragonchain provides a serverless ecosystem that allows companies to start using blockchain applications in an easy, private, and secure way. It aims to help companies quickly and easily incorporate blockchain into their business applications, thereby providing increased efficiency and security for transactions, reducing costs, and much more.

The mission of the Dragonchain Foundation is to maintain the open-source code that powers the blockchain. This means that businesses can build their own smart contracts on the DragonChain platform using standard programming languages.

Here is a list of attributes for the DragonChain ecosystem based on its whitepaper:

• Serverless system and smart contracts
• Established language support for smart contracts (Java, Python, Node, C#, Go, etc.)
• Scalable – Amazon AWS and Google deployments
• Secure – Protection of business data and operations
• Advanced currency implementations
• Smart contract libraries
• Currency-agnostic

Dragonchain Founders

Dragonchain was founded by Joe Roets, who is also the company's CEO. Roets has over 20 years of experience in software architecture, particularly in scalability and security. He has also launched and led several startups since the 1990s.

Ellen Quenin is the Founder and President of the Dragonchain Foundation and Vice President of Strategic Partnerships. She played a vital role in the creation of the open-source code for the project.

Paul Sonler is the CTO of Dragonchain and was involved in its initial development. He has over 20 years of experience in software development and came from Disney, where he worked on cloud deployment and photo pass upgrades.

The team is led by an experienced advisory board that includes Jeff Garzik, the co-founder of the Bitcoin network. They developed the project after extensively testing over 20 use cases.

The project was released in 2016 under the Apache 2 license. Dragonchain Foundation was launched in January 2017 to maintain the ownership and responsibility of the open-source code of Dragonchain.

Overall, the team has extensive experience in technology, business, marketing, and strategy.

How Does DRGN Work

Dragonchain platform consists of three key components.

The first is the Dragonchain platform that stores and secures business-client data. Here, the developers can create contracts in different languages ​​in a serverless and scalable environment. Business data is protected, and all contracts have full access to Amazon Web Services.

Next is the Crowd-Scaled Incubator, where companies can easily develop their blockchain projects by following DragonChain's standardized process.

After a business develops its blockchain project in the incubator, it can be reviewed and scaled by a crowd consisting of investors from worldwide. The crowd-scaled incubator aims to allow business projects to launch and start producing market value much quicker.

Lastly, there is the DragonChain Marketplace, where users can access a pool of verified Subject Matter Experts on topics like crypto, software development, etc. The Marketplace is also where DragonChain clients access the library of pre-developed smart contracts.

The ecosystem's cryptocurrency is DGRN and has a total supply of 433,494,437 coins.  Dragon Coin (DRGN)is micro-licensed to serve as credit for each of the service components.

The Dragonchain network has three principal members: founders, developers, and the community.

Developers can use DRGN to create decentralized networks, spin up nodes, or provide smart contracts. Members can also get early access to these projects through a membership tier. DragonChain offers benefits for those that hold their coin in the form of a Dragon Slumber Score. The more DRGN coins you own and the longer you hold them, the higher your Slumber Score will be.

A higher Slumber Score rewards users for company ICOs in the future and business owners with discounts on smart contracts available in the DragonChain Marketplace.

Where to Buy DRGN

DRGN is not mineable, but you can purchase it on the following exchanges:

• KuCoin
• EtherDelta
• CoinExchange
• Gate.io
• Tidex
• Bancor Network
• Token Store
• FTX
• HitBTC
• Allcoin.