Draken Exchange Financial Service DeFi is the Next Trend in Crypto Ecosystem.

Draken Exchange Financial Service DeFi is the Next Trend in Crypto Ecosystem

Introduction:

DRK is a decentralized platform for the existing financial sectors of the Draken Group’s digital banking system. The goal of DRK is to gather all the information stored in a decentralized authentic ledger and transform payment processes and financial procedures. As a result, payment would become cheaper, more convenient, and more secure with a host of automation capabilities.

It focuses on security, fast transaction efficiency and many of the latest decentralized technologies in the decentralized finance sector to create an all-in-one platform in the Draken Group system and the global financial industry.

PoH also adopts an advanced incentive system to eliminate all cheating & slacking miners to Preserve the longevity of the blockchain network, and adopts a smart free-gas policy called “GasStation” which is more advanced than Tron’s to make blockchain transactions cheaper While evenly anti-spam and incentivizing to miners.

SUSTAINABLE & CHEAP

Draken is cheaper than current decentralized alternative with much less gas consumed. Smart contracts are optimized for gas usage, balanced between anti-spamming and economic Feasibility.Anti-miner-spam: Miners have economic and reputation at stake to remain honest & preserve the longevity of the network. The less slacking nodes there are, the stronger and more sustainable the network becomes. Since reward (in the form of cashback) for miners is equally divided among all miners, each miner is not incentivized to spam. If a miner spends fee to spam transactions, it cannot earn all reward from its spammed transactions because such reward would be shared with all other miners in the network. Anti-non-miner-spam: For accounts which are new to the network and have contributed little to the network (in the form of paying fees), their transactions are less prioritized to be sealed.

Gas loyalty: F(A) = 10, F(B) = 1. Tx(A): gas price = 2, Tx(B): gas price = 10. In normal cases, Priority(A) = 2, Priority (B) = 10, prioritizing B’s transactions. In case of Draken, Priority(A)

= 210, Priority (B) = 101, prioritizing A’s transactions.

FAST & FINALITY & SCALABLE

Draken can have a blocktime on the order of 2 seconds and handle up to thousands of

Transactions per second. Finality makes sure that each block sealed is irreversible – no past deed can be undone.Byzantine Fault-Tolerant: Draken tolerates up to 1/3 of your machines failing arbitrarily.This includes explicitly malicious behavior.State Machine Replication: Draken can replicate deterministic state machines written in any programming language.

Secure P2P: Gossip protocols and peer discovery are secured via Draken’s authenticated

Encryption system. To tops it off, fast finality matches the throughput requirements of your growing user base.

PROOF-OF-HONOR CONSENSUS

While the problem of Blockchain Trilemma seems unsolvable (by CAP Theorem8), Draken Comes up with a new approach, that balances among high security, achieving necessary Scalability and preserving sufficient decentralization.

Draken considers each blockchain as a mini Internet architecture and each node as a website. Obviously, the Internet is a perfect decentralized environment. How do we search for information contained in millions of websites. PageRank is a well-known algorithm that Google uses for its Search Engine. The rationale behind ranking is that connection and

linkages make value of any network. A node within a network is important somehow if there are linkages that refer to it. More referring linkages, more important a node seems to be.

Among millions of web-pages, relative importance of a page is evaluated by hyperlinks referring to it. PageRank mathematically models web pages as vertices and hyperlinks as edges of a directed graph, then applies an algorithm to score pages based on their edge graph, higher score, better importance. In general, the importance of a web-page is based on its content (its real value), and is fairly evaluated by PageRank. This is similar to a node in a blockchain, its value can be measured by its transactions.

Draken Exchange platform Operation Company: is decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the block chain and its own crypto currency, and the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world.

And also blockchain and smart contracts serve as the way forward into the Industrial use, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more Draken Exchange P2P Platform (DRK) is our third product by participants in a direct peer-to-peer (P2P) ecosystem. Therefore, the DRK Wallet would central to every interaction in the Draken Exchange in ecosystem, and also be secure storage and exchange platform for both crypto currencies and fiat currencies, enabling users to deposit, hold, send, and exchange supported cryptocurrencies and fiat.

Merchants can freely choose and switch between different blockchain assets for payments. Users can convert from BTC/DRK, ETH/DRK, USD/DRK and vice versa, utilize peer-to-peer transfers and exchanges, and pay for merchant services.

DRK Insurance (coming soon)

DRK Insurance allows users to buy membership and insure yourself from sudden losses of

your digital assets.

DRK Governance (coming soon)

DRK Governance allows users to vote and influence key parameters of all DRK Dapps

including DRKompound, DRK Insurance, and more.

DrakenX Entertainment Platform

https://DrakenX.io

DrakenX is an entertainment platform for all DRK holders to play different games for fun,

including DRocket, DTrade, and more.

Conclusion

Without doubt the future of Crypto Exchange is DEX. DRK DEX is a pioneer in cryptocurrency exchange ecosystem. The exchange has emerged to reverse a the ugly trends in Crypto exchange ecosystem by offering the global traders, developers and business startup high quality, secure, transparent blockchain , DEX , Gaming and DeFi services . As a trader stop missing out and be part of the Winning Team . Start trading on DRK DEX