A new cryptocurrency with a unique approach to mining that aims to solve the “blockchain problem” has just gone live on the market.
The Dragonchain project, created by a team of developers from the University of Oxford, aims to provide an alternative to cryptocurrencies such as Bitcoin and Ethereum.
Dragonchain is one of a group of cryptocurrency projects being developed by a group called Harmony One, which is led by former Google employee Peter Todd, and aims to bring blockchain technology to the mainstream.
This is the first time anyone has been able to create a crypto-currency that’s a decentralized alternative to Bitcoin and other cryptocurrencies, and the project has a lot of similarities to other “blockchains” such as Ethereum and Ripple.
“The main difference with this coin is that it’s a cryptocurrency that doesn’t require a central authority or bank,” Dr Todd said.
“It’s just a coin with no central authority that operates at a blockchain-based consensus.”
There are a lot more people running it and it’s the first blockchain-enabled currency.
“So there’s no middle man, it’s totally open, and it has an open protocol.”
But it’s very different to traditional cryptocurrencies, because it’s decentralized, it works across devices and different types of computing, so it can be used on any kind of hardware.
“Dr Todd said the cryptocurrency’s blockchain technology can be compared to a distributed database, which allows for fast, secure, and cost-efficient transactions.”
You have one big file, and you’re doing it on all these computers around the world, so you don’t need a central server to be able to retrieve it, and so you can keep track of what’s in the file and when you can’t retrieve it,” Dr Wright said.
The idea behind the Dragonchain blockchain was developed by Dr Todd and Dr Wright’s team at the University, and has been in the works since August.
It’s an open source, blockchain-centric cryptocurrency that aims “to make it easier for people to store value, to make it a viable alternative to other cryptocurrencies such the bitcoin and ether”.”
There’s a lot to do with what it means, and there’s also a lot that it doesn’t mean,” Dr Howard said.”[The project] is basically a toolkit for what it might mean for the next generation of cryptocurrencies.””
It could be used to build something completely new in a very short period of time.
“Dr Howard said the project is a “very different” approach to traditional cryptocurrency and that it was a “tough task” to build it.”
What we’re trying to do here is to solve a really big problem for people that are in the bitcoin space, and bitcoin has become so dominant in the world,” Dr Butler said.
Dr Howard added that the project had been in development for more than a year, and that Harmony One was a small team with a limited number of investors.”
We are a very small team, and we’re not trying to create something like Ethereum, or Ripple, or any of these other coins out there,” Dr Herbert said.
It will be interesting to see how it will be received by the general public.”
People will probably be very sceptical of the project and the community, and people will be really curious to see what this thing is,” Dr David said.
In terms of its technical challenges, Dr Howard believes that it will prove to be an interesting platform for the crypto world to test and experiment with.”
Dragonchain has a different architecture than Bitcoin, Ethereum or Ripple.
It’s not Bitcoin or Ethereum or any other cryptocurrency, and is not like a traditional blockchain,” Dr Williams said.