What Is DDKoin (DDK)?
DDKoin (DDK) is a decentralized community-centered platform that provides users economic opportunity through blockchain-based solutions. The team at DDKoin has worked to bring innovation and improvement to the performance of the entire ecosystem. The DDKoin has solved the problem of a centralized platform that relies on a single server by adhering to a decentralized network. According to its whitepaper, DDKoin aims to expand continuously and bring innovations to blockchain technology. Therefore, the platform uses delegated proof-of-stake (DPoS) protocol to look after the functioning within the ecosystem.
The DPoS consensus used in DDKoin helps to ensure high-level security, faster transactions, and maximum transactions. The protocol saves energy, which can contribute to cost efficiency during a transaction. Further, the platform charges low transaction fees and is suitable for micro-payments. Also, to help keep transactions safe, the platform uses multi-signature wallets to verify and execute transactions.
DDKoin incentivizes token holders to help maintain security and productivity while staking. The platform also uses in-built smart contracts for DDK Asset Issuing (DAI) between users and multiple parties to help ensure transparent and irreversible agreements. DAI allows users to create their tokens within the platform for payment vehicles, voting tokens, property rights, and collectible items.
DDK is the native token of the DDKoin platform. Every DDK holder who stakes DDK in their wallet is a stakeholder who can vote for delegates. (An elected delegate verifies and validates a transaction on the DDKoin platform.) Stakeholders receive staking rewards after voting four times. The delegates receive DDK for participation and keeping records of the transactions.
History of DDKoin (DDK)
Y.H Dato’ MuhdAzrainuddin Zainal founded the DDKoin platform in 2017. Other team members include Mudaser Iqbal, the CEO, Muhammad Furqan, the CTO, and Shurjil Butt, the Project Manager.
The DDKoin platform has a total supply of 45 million DDK.