Why Everyone Should Get Dynamic
Duality is set to release a string of products built upon BDAP (Blockchain Directory Access Protocol) and the DHT (Distributed Hash Table), utilizing the utility token of Dynamic (DYN) and its blockchain.BDAP/DHT/SDKDuality is positioning
BDAP to compete directly against open source
LDAP (Lightweight Directory Access Protocol) solutions, such as
OpenLDAP which currently thousands of companies worldwide utilize.
BDAP will allow these companies to streamline their processes, eliminate downtime and dramatically reduce costs without remodeling or rebuilding.
With the
BDAP SDK(Software Development Kit) developers will be able to create their own dApps (decentralized applications), fueled and built upon the
Dynamic (DYN) blockchain; with more power, flexibility and control than is offered by any other blockchain or cryptocurrency.
There is an initial cost in
Dynamic (DYN) to register an entry on the blockchain, which gives it access to the
DHT and a time-period whereby it is valid. Prior to, or after the entry expires, it will need re-registering with further payment in
Dynamic (DYN) for continued use.
Dynamic (DYN) is directly tied into each dApp and fundamental for fueling its functionality. With companies holding multitudes of entries on databases, moving these entries to the
DHT via
BDAP comes with a cost, albeit minimal, that cost is in
Dynamic (DYN).
BDAP will not only support dApps built upon the public main network of
Dynamic, but also any dApps built upon
BDAP sidechains. Sidechains can be run by organizations or developers independently from the main network and
Duality will be offering setup and deployment services of sidechains as part of our
BaaS (Blockchain as a Service) solutions. These cloud-based sidechains will include a private network of Dynodes and
DHT for you to run your very own sidechain dApps.
Duality will also offer custom binaries that are needed to connect to your sidechain if you only want to permit access to authorized users and tighten the security of the sidechain. Your custom binary can be deployed on your current
Virtual Desktop Infrastructure (VDI) so that it can be integrated with your other enterprise applications.
The public main network
DHT is hosted by public main network Dynodes and requires ‘dApp code certificates’ to be bought and registered on the blockchain for
DHT entries to be accepted. Sidechain dApps are controlled by their developer (with their own self-hosted Dynode network) who can issue sidechain dApp codes. In future
BDAP versions (in addition to our
DHT) other decentralized data stores will be available, such as large blob storage (
IPFS or
BitTorrent based), and fast
NoSQL databases.
Dynamic (DYN) Dynodes & MiningThe 2nd tier network of Dynodes performs crucial verification functions and operators are rewarded periodically with
Dynamic (DYN) payments for their work and availability. Currently, there are over 1500 active Dynodes on the network with payments being periodically received roughly every three days.
Miners can get involved also, we have
Nvidia and
AMD standalone miners available on our
GitHub, and mining pools awaiting your registration. When
Dynamic v2.4.0.0 is released, you will also be able to mine standalone with your
Nvidia or
AMD GPU (Graphics Processing Unit) within the
Dynamic Daemon & Qt.
For those that are looking to acquire
Dynamic (DYN) for utilization of dApps,
BDAP registration entries, the SDK, or reach 1000
Dynamic (DYN) to run their very own Dynode, head on over to
Bittrex,
BlockNet,
CryptoBridge or
CoinSwitch to get your hands on
Dynamic (DYN) today.
To read more articles head over to the Duality Medium - https://medium.com/@duality.chain/Bittrex DYN/BTC Market - https://bittrex.com/market/index?marketname=btc-dyn
BlockNet DYN/BTC Market - https://blocknet.co/
CryptoBridge DYN/BTC Market - https://wallet.crypto-bridge.org/market/BRIDGE.DYN_BRIDGE.BTC
CoinSwitch Market - https://coinswitch.co/coins/dynamic
Duality Website - https://duality.solutions
AMD Standalone GPU Miner - https://github.com/duality-solutions/Dynamic-GPU-Miner-AMD
Nvidia Standalone GPU Miner - https://github.com/duality-solutions/Dynamic-GPU-Miner-Nvidia
Dynamic (DYN) GitHub - https://github.com/duality-solutions/dynamic