#DCCT Network: A blockchain system designed to host authentic digital assets
#Introduction to blockchain technology
Blockchain is a decentralized database that is shared and synchronized among the nodes of a computer network and operates without the need for a central authority.
Instead of being locked within a single database, as is the case with centralized systems, files and information are diversified across the blockchain and made publicly accessible to as many computers connected to a common peer-to-peer network as needed.
Data stored on the blockchain is virtually immutable, irreplaceable, irrevocable and available for validation at any time of the day.
The transfer of data over the blockchain network is called a transaction. A file that contains data related to a transaction is called a transaction file.
Blockchain performance is often directly correlated with the number of active computers (nodes) within the network and the number of validated blocks that hold sets of information.
The more blocks, the better the data is protected, because more blocks are harder to forge.
This solution may seem stable and sustainable, but it is far from perfect, mainly for the following reasons:
- Inadequate mathematical methods are used to validate transactions, which unnecessarily burden the entire blockchain system and make it more complex and expensive than it should be.
- The validation process is inevitably accompanied by a number of topics open for discussion, such as high costs, inability to record large amounts of data, environmental challenges, huge energy consumption, vulnerability to illegal distribution and sale, and more.
- Any network failure could potentially compromise the security and integrity of the data stored in the blockchain, while the credibility of the blockchain itself would be irreparably damaged.
Let's confront the facts head on and try to find a solution accordingly.
We will start with a simple example
that illustrates the analogy between blockchain performance and the physical world.
#Step into the future of creating authentic digital assets
#DCCT Network is a blockchain system with up to three devices connected to a common peer-to-peer (P2P) computer network.
Designed to host authentic digital assets, it is capable of validating data based on information independent of external sources.
Transactions over the network are carried out by exchanging electronic messages in the form of digital telegrams.