GET ACQUAINTED WITH BASIC FACTS ON XDAC: ITS AUTONOMOUS AGENT CONCEPT, BLOCKCHAIN NETWORK, & ACCOUNT TYPES

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In our introductory post on xDAC, we understood that xDAC is a versatile and decentralized platform that would make it possible for businesses to adopt a decentralized blockchain approach for their businesses by setting up their businesses on the platform, and thus, reaping the benefits it has to offer.


Now I take it you are a business owner, and thus, a potential client to the xDAC platform. But come on! Even if you own no businesses, I bet you’d benefit one way or the other from the services and goods to be offered by the numerous businesses on the platform hence, I deem it imperative we delve a bit into some important aspects of the xDAC platform such as the types of accounts and their uses, the autonomous intelligence, and of course the nature of blockchain technology the platform adopts.


As can be deduced from our introductory post, xDAC is a viable and promising project, one that is set to revolutionize the corporate/business world. And to ensure this development is sustainable, the platform encourages developers to create autonomous agents of a high sophistication that can efficiently play significant roles in companies to bring about thier successes. Thus, Artificial Intelligence and bots would be part of xDAC company teams and structure. This in a sense, places huge challenge on developers, a challenge for them to create top-notch l and sophisticated autonomous agents that can stand the test of time and fit in well in company teams.

I’m sure you’d agree this is a healthy challenge that would ginger robust development of the xDAC platform.


As a prospective user on the xDAC platform, it is important you know the blockchain technology the platform is built as this would be of immense help especially when it comes to making transactions. xDAC as a platform is built on the EOS network/blockchain. Its choice of the EOS blockchain is predicated on the fact that it is controversially the most advanced technology so far on blockchain. In case you are not aware, EOS is the number one hub for developers on blockchain so far; a very dynamic platform with zero fees in transactions. EOS has high scalability rate, implying that it can perform tons and tons of transactions efficiently within a second. Thus, it is logical to expect xDAC to exhibit these same properties although a side settlement chain has been proposed for the platform in the event of the EOS network ever getting congested.


xDAC is a self-governed hub for decentralized applications. It provides governing standards on which Dapps and autonomous agents should be built. As a business owner on the xDAC platform, you’d be mandated to make use of the xDAC extension in your company name for better/easier recognition. Every user on the platform would equally be subjected to an identity verification process. This is just one of a number of protocols set in place to tackle identity theft and other forms of identity fraud


For these users/companies, the xDAC platform will assign them different types of accounts depending on their roles in the platform. Here's an overview: xDAC will run three different types of accounts concurrently on its platform namely; new xDAC account, team member account, and investor account.

NEW XDAC ACCOUNT:

Creating a new xDAC (company on the xDAC platform) implies creating a new account on the platform. This account gives the company owners access to managerial functions such as adding team members of their preferences and setting their privileges, setting liability funds limit, adjusting the privacy setting of their companies – as in making their company information private or public thus, rendering their companies transparent to investors who would then be able to review their processes. New xDAC account also makes it possible for its owners to issue equity tokens which they can distribute through ICOs or other public offering mechanisms they prefer – (more on equity tokens later).

TEAM MEMBER ACCOUNT:

This is an account for xDAC employees, freelancers, autonomous agents, and contractors in need of specific teams to join. Also, teams looking to hire new employees can make use of this account.

INVESTOR ACCOUNT:

This account will give its owners access to a wide range of functions on the platform such as access to databases of xDACs, information on their team members, their financials, productivity, etc all of which would serve to guide the investors in making their investment decisions.


xDAC is a project with huge prospects. For more information on the xDAC project, visit their website at: https://www.xdac.co/
And read their whitepaper here: https://www.xdac.co/docs/xDAC-Whitepaper.pdf
You might also want to join their telegram chat group to stay up to date with developments. Go here: https://t.me/xdacgroup

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