DCPC Technology
Last updated
Last updated
DCPC will be used as a means of transaction for physical goods, services, and digital content, and will issue ownership or copyright on the platform as a non-fungible token (NFT) on the blockchain, and support revenue settlement smart contracts based on revenue sharing agreements for each service on the platform, so that revenue is settled transparently to the platform and platform participants. The DCPC technology platform will provide an interface between the blockchain and each service provider's external services and integrate technologies to protect the revenue and rights of platform participants. The core of the technology provided by the Dotcube protocol is as follows
Technology that transparently and fairly tracks the flow of money throughout the entire consumption process, from supply to purchase to settlement of goods and services.
Technology to protect and prove ownership, copyright, and other rights to content published on the platform.
Technology to securely and quickly convert off-platform cryptocurrencies to on-platform fiat currencies.
Technology that can quickly and safely preserve and share data by fusing with the technology base of the DotCube protocol.
DCPC is built utilizing the Tron blockchain as its mainnet. Smart contracts on the DCPC blockchain platform are implemented based on Tron's TRC-20 smart contract protocol.
Users can hold and trade assets on the Tron network, taking into account transaction costs, transaction processing speed, security, and compatibility with centralized exchanges. However, NFTs issued within the DCPC platform will be provided in the platform's marketplace so that they can be additionally transacted on the Polygon network, considering the gas fee and transaction latency of the Tron protocol. As a result, platform participants will be able to store and trade assets on the blockchain of their choice, depending on the purpose of utilizing the platform. In addition, the Dotcube-only wallet provided directly by the platform will be able to handle both Tron and Polygon, which are being processed by the platform.
In order not to be limited by the scalability and openness of the Dotcube protocol in the future, the DCPC blockchain platform will consider and apply various cross-chain solutions in the long term, not only to work with Tron and Polygon, but also to work with third-party mainnets. Since the blockchain market and technology are ever changing and rapidly developing, the platform will avoid being dependent on a specific mainnet and will continue to improve and apply technology and implement its own mainnet to further expand the scalability of the service.
Delegated Proof of Stake (DPoS) consensus algorithms are considered more efficient and democratic than Proof of Stake (PoS) mechanisms. Since PoW systems require a lot of external resources, Proof of Stake and Delegated Proof of Stake are growing While Proof of Work algorithms require massive computational effort to achieve immutability, decentralization, and transparent distributed ledgers, Proof of Stake and Proof of Delegated Stake require fewer resources and are designed to be more sustainable and eco-friendly.
Delegated Proof of Stake-based blockchains have a voting system that allows coin holders to delegate their work to a third party: they vote for a few representatives (Super Representatives, or SRs) to secure the network on their behalf, who are also called witnesses and are responsible for reaching consensus on the creation and validation of new blocks. In the case of TRON, 27 Super Representatives are elected by voting every 24 hours. This delegated proof-of-stake algorithm creates a voting system that directly relies on the reputation of the representatives. If an elected node misbehaves or does not work efficiently, it is immediately removed and replaced by another node. In conclusion, Proof of Delegated Stake blockchains are highly scalable in terms of performance, capable of processing many transactions per second at a lower cost than Proof of Work and Proof of Stake.
Through various services on the DotCube Protocol, buyers can make payments through DCPC and providers can earn revenue. However, in order for revenue to be settled through the blockchain, revenue generated from various digital and offline services that operate on systems outside the blockchain must be transparently and accurately tracked and flowed into the blockchain in the form of coins or tokens. The DCPC Blockchain platform provides a revenue settlement system that allows participants to transparently track and check the revenue generated from various content, commerce, digital assets, and offline services on the DotCube Protocol.
Anyone can track the fingerprints of their payments on the service to verify that they are finally reflected on the DCPC blockchain and correctly paid to the right holders through smart contracts. For example, a consumer who pays for and consumes DotCube Protocol content with service points or DCPC tokens can verify that their payment was properly settled through the DCPC platform by checking the fingerprint in their payment history.
By offering large rewards to participants who spot and report situations where settlements are not working as they should, we provide a cross-checking system that ensures the platform is always working as it should. This cross-validation of settlements is less costly and more efficient than a separate system of monitoring and validating settlements and can increase participant loyalty.
In addition, the DCPC Platform will be used by various service providers due to the business nature of the DotCube Protocol. In some cases, service providers may be using their own tokens or participating in a third-party token ecosystem, and to facilitate their participation in the DotCube Protocol, the DCPC Platform provides a swap service between third-party tokens and DCPC Tokens. The DCPC Swap Center is based on a decentralized exchange (DEX) that allows platform participants to deposit coins in a liquidity pool and exchange tokens in this liquidity pool. The price of the exchange is set based on a smart contract, and "interest" is paid in return for the coins deposited in the liquidity pool. This is financed by the exchange fees incurred when swapping on the platform. Deposits to the liquidity pool will be made in pairs of DCPC and other coins, with priority given to Bitcoin, Ethereum, BSC, and coins with high trading volumes or issuance, and will be expanded in the future depending on the level of trading activity.
As explained earlier, digital services provided within the dotcube protocol can be transparently and securely tracked and settled through the Fingeprint API and smart contracts provided by the DCPC platform. However, many of the services and goods that work with the Metaverse will be consumed in the real world in analog form rather than digital. For example, if you sign a membership contract for a health checkup for your dog offline and receive a discount after the checkup, the discount and payment will be made at the reception desk of the actual veterinary clinic, not in the dotcube protocol's metaverse. Therefore, it is important that the contract for the digital membership, which is carried out within the metaverse, is properly fulfilled in the form of data on the DCPC platform's blockchain.
The object that can input data from the physical world that cannot be directly connected to the blockchain while ensuring reliability will be named DCPC Oracle. The DCPC Oracle consists of legal safeguards linked to the real world and a verification system in the form of delegated Proof of Stake (DPoS) linked to the blockchain so that it can play a role in objectively collecting data and entering it into the DCPC blockchain platform. The DCPC Oracle will be designed to ensure data authenticity by not only incurring legal liability, but also the loss of DCPC tokens on the blockchain if data is falsified. Instead, the DCPC Oracle will be configured to receive DCPC tokens from platform participants in exchange for data input.
DotCube protocol is a metaverse protocol based on decentralization, and the DCPC system is established based on it. DotCube Protocol shares various levels of digital information and assets for value exchange and user information exchange with each service partner that implements services in DotCube Protocol, and builds a platform based on IPFS for security and safe management. This will be consistent with the DotCube Protocol, which presents the technical foundation of the DotCube Protocol, which utilizes the computing power and network assets of users to configure MyCube and present the service foundation, and through this, it will be possible to provide efficient services and secure the stability of user assets.
IPFS stands for "Inter Planetary File System" and is a distributed file system. IPFS is a hypermedia protocol that deals with files and identifiers and is a distributed file system created to connect all computer devices with the same file system. IPFS is open, non-centralized, and can reduce traditional bandwidth costs by more than 60% by allowing file fragments to be fetched from multiple computer nodes simultaneously. A shape management system is provided for mirroring data that is constantly dying and changing shape, and the backbone of the Dapps is formed in blockchain.
Such a distributed file system can provide a more stable Internet environment by securing a secure information asset preservation and operation system regardless of whether a central server is operated or not. In addition, it is free from censorship and control of specific information and can quickly download files from all connected nodes, allowing you to use services from nearby nodes without physical distance restrictions.
