The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Draken has risen by 0.00% in the past 7 days. The price declined by 0.01% in the last 24 hours. In just the past hour, the price grew by 0.00%. The current price is $0.000700 per DRK. Draken is 98.25% below the all time high of $0.0400.
The current circulating supply is 0 DRK.
Chain, abbreviated as Draken, functions as an all-in-one -based platform that supports a multi-tiered system to facilitate a wide range of real-life use cases and achieve blockchain mass adoption. was developed to form a complete financial ecosystem on-chain (on the blockchain), and the main focus is on privacy and portability.
The forum seeks to overcome various challenges currently faced by blockchain ecosystems. Such as an expensive and time-consuming infrastructure. Other problems include:
Low transaction throughput due to the lack of horizontal scalability.
The ability of extension: Difficult to a new protocol without affecting the rest of the network.
Energy costs, depending on the miners: With the fierce competition of computing power, specialized mining computers have come into play, leading to an increasing requirement of nodes – controlled mainly by a select number of mining pools. In addition to this, energy consumption has also risen, adversely impacting the environment.
Uncompetitive Applications: Presently available consumer applications are still not capable of handling millions of active users daily. DRK chain was built to be anonymous, sustainable, scalable, and decentralized. According to its whitepaper, the platform has invented scripting tools to support smart contracts and provide "privacy on demand" through a DaRK mode, facilitating privacy blockchain technology. Draken also allows developers to port their smart contracts to other decentralized technologies. Besides this, the network charges less transaction fees, and the chain integrates the feature of 'finality' wherein each block sealed is irreversible; thus, the past actions cannot be undone.
Draken works on Proof-of-Honor (PoH), an upgrade from , that ranks nodes based on the amount of stake and transactions to encourage Da developers to serve as many users and generate as many transactions as possible. POH is also helpful in removing all cheating and slacking miners to preserve the network's longevity via its advanced incentive system.
Therefore, Draken seeks to improvise on its key features that include privacy-on-demand, decentralized exchange, decentralized social network, payment gateway, and decentralized games.
is the ecosystem's native digital that allows holders to participate in the on-chain governance through which holders can determine critical parameters and consensus nodes that maintain the network's chain.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Draken is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Draken is $0.0400. This all-time high is highest price paid for Draken since it was launched.
Over the last 24 hours, the trading volume of Draken is $0.00.
The current circulating supply of Draken is 0.
No, Draken is not currently available on Coinbase, but you can sign up to get the latest news on Draken and be notified when it gets added to our exchange.
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