Sponsored Ad
Sponsored: ExpressVPN - Stay safe online using VPN. Protect your privacy and security with ExpressVPN

The DMC Foundation, which is a public blockchain project, has announced that the Datamall Chain test network successfully passed the close beta test and was launched online on January 31, 2022. Datamall Chain is a super ecosystem-based public blockchain that adopts a matched storage and mining mechanism. Upholding the design philosophy of the existing DeFi decentralized exchange, it aims to provide a global trading platform of matched storage for real storage demanders and suppliers worldwide.

dmc token

This test network was put online primarily to test and improve the functions of blockchain browser, wallet plug-in development, node operation, hanging order mining, ABO contract development and deployment, and other modules.

Decentralized storage is one of the most important underlying components of Web3.0 today, and Datamall Chain will provide a real trading platform for storage demanders and suppliers. The matched parties can get DMC token incentives by presenting their "storage delivery certificates". To put it simply, DMC will be a global decentralized storage trading platform. The proof-of-service technology adopted by DMC is a CYFS underlying protocol based on the theory of shared cloud computing. Its basic principle is that "it is only put on the cloud when there is a dispute". In more than 90% of the normal delivery scenarios, no handling charges will be needed, thus truly reducing the cost of decentralized storage and improving the speed of delivery. The CYFS underlying protocol includes an ODD addressing-based decentralized storage delivery protocol, which solves the delay problem of DHT-based decentralized storage systems.

The future ecosystem of DMC Public Blockchain will mainly consist of a series of cutting-edge products, including decentralized storage and mining, decentralized finance (DeFi), metaverse, and cloud storage, all geared up to build a real and fair decentralized storage platform.

Date Updated: Feb. 01, 2022 07:19 AM UTC+8 PHT

This is a paid press release. Bl4nkcode does not endorse and is not responsible for or liable for any content, advertising, products or any other materials on this page. Readers should do their own research before investing funds in any company mentioned. Bl4nkcode is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release

Sponsored: Ledger Nano X - Keep your crypto secure, everywhere. Buy it here.