Distributed Credit Chain or DCC is the blockchain network system and it pertains the business through Distributed Banking completely. This will transform through the traditional banking debt, asset, and intermediary business structure. This will replace the liability of business by the distribution of wealth management as the replacement to the asset business by the reporting technology of distributed credit reporting according to the debt registration.
This will also have a replacement for the intermediary business where the asset transactions will be distributed and the management structure also evolves with the traditional bank for the flat structure of Distributed Banking establishing the distributed standards for various businesses improving overall business efficiency. The technological expertise of DCC covers the blockchain and smart contract system.
Consortium Chain Governance Architecture
DCC is the blockchain system that has been opened gradually through the ecosystem. It is stabilizing the evolving the DCC through the consortium chain to public chain. It will have the control over the DCC main chain online where all the tokens can be converted into the wallets of DCC main chain in 1 to 1 translation from the Erhereum ERC20 contract.
The ecosystem will be in the first stage where DCC exists as the consortium chain. The billing nodes will have the access to the chain by the allocation process through the billing nodes or non-billing nodes. The system also institutes the billing procedure and it can be helpful for the application of one or more nodes applicable to either type of nodes.
Application of Smart Contract
The application can have the qualification to the institute the billing nodes by pledging a certain percentage of DCC by application of Cyber Sheng Foundation. The foundation will review the availability and stability of the nodes through the institutional qualification by the application of institution and this will become the billing node.
The DCC pledged for the billing nodes into the ecosystem where the billing incentives are considered as the form of the public service provider to the ecosystem. DCC will not be the consensus token within the consortium chain and the consumption will be affected during the transaction consensus process and the entire billing will have the consortium within the chain being staged for the public service.
Software Vendor
DCC is working through the software vendors providing the credible computing the authentication by the computation of nodes deployed the persistent immunity plug-ins for the billing nodes. The system enables the billing nodes without any satisfaction of credible authentication of nodes found having any abnormal operation. This will have the effect of billing rights of cancellation so that the system can be deployed and launched online. Even the foundation is canceling the strategy to obtain the billing rights through the pledge of DCCs and this will gradually open the entry of public billing nodes.
Application System
The Institute of the application can be applied in becoming a non-billing node to limit the amount by the promise of completing the access in approval of non-billing nodes within the week making it gradually open through the codes on non-billing nodes providing self-service deployed by the guidance of procedure. DCC will customize it with appropriate consensus algorithm based on some common features applied to the distributed bank for the consortium chain governance architecture for the public chain architecture.
The individuals can have application to join the billing nodes for the existing consensus algorithms towards the world by the capability of supporting the credit chain. The foundation will release all the updated plans of DCC by the development in algorithm technology.
Website : http://dcc.finance/
Whitepaper : http://dcc.finance/file/DCCwhitepaper.pdf
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