From the very beginning, blockchain has been regarded as a disruptive technology that was built by and for technicians. Most blockchains are designed by technical experts and senior technical experts and their scope of use is usually limited to making high-risk exchange transactions (speculation) or even ghost transactions. But what about ordinary people?
Not knowing technical knowledge doesn’t mean that they should be devoid of all the benefits and growth right?
The answer to this question and solution to this problem lies in Ducatus! This article is about Ducatus which is just the opposite of this technology and let’s see how it’s and in what ways it’s beneficial for non-tech and ordinary people.
What is Ducatus?
Ducatus is an open and inclusive user-oriented blockchain, it allows ordinary people to benefit from the technology that makes payments for everyday purchases faster and more secure. It provides transparency and accessibility. DucatusX is based on the Ethereum blockchain and as such, has the same advantages and disadvantages. The main difference
with Ethereum is that using PoA consensus, can greatly reduce transaction costs and maintain productivity, but at a reduced level of decentralization.
Its whitepaper says, “Whether it’s buying coffee or renting community-supported projects to generate passive income or having an honest record of your ideas and projects, Ducatus is designed to be eco-friendly to the user. This vision is realized in our technology. Based on the technology of existing blockchain projects, our mission is to deploy a fast blockchain with a low cost, clear interface, friendly enough for users to control, support, makes decisions about the development of the project and participates in the life of the project.”
Their mission is to provide convenient blockchains for everyday use for all users, tech savvy or not, as simple as using a credit card with the ability to use reliable payment services.
Sounds interesting and beneficial right?
Let’s see some features of Ducatus.
Features of Ducatus
1. The Ducatus Cashless Economy :
Ducatus Coin, designed for usability, is the financial binder of the digital cashless landscape, the backbone of growth and sustainability. Their long term goal is to become the usable cryptocurrency in the world. Through their affiliated companies, they offer users the opportunity to buy, sell, earn and benefit from using digital currency in their daily life. These companies are implemented to allow Ducatus Coins holders to enjoy real value outside of the crypto community. Consumers pay digitally, online, and use or wish to use cryptocurrencies in their daily transactions.
2. Technical Architecture :
The use of standard cryptographic algorithms and blockchain technology provides a secure and reliable experience. When creating a new cryptocurrency, the industry best practice is to fork an existing coin. The fork is a variation of the code content that sets it apart from previous versions. The cryptocurrency that is chosen to transfer Ducatus is Litecoin. Litecoin itself is a fork of Bitcoin that has been modified to make it easier for developers to create their cryptocurrencies. One of the most important changes from the standard setting of Bitcoin allows blocks to be mined faster, ensuring fast processing of transactions.
3. Rental Platform
A platform will be created for the rental of the property, while all parties will be protected up to. Double booking cannot be done as the booking information will be saved, stored and managed in the blockchain.
The network smart contracts can be used to ensure e.g. against bad weather or to fulfil orders on time or similar. This will require the additional implementation of trusted and trusted data providers in the Oracles blockchain, which is also included in the development plans.
5. Decentralized Exchange
With the development of the DucatusX blockchain and the emergence of tokens, users will need to be able to quickly exchange tokens to attract investments and earn a profit, so there are plans to create a decentralized exchange that works by analogy with Uniswap and others. The DOCX coin will be traded on the exchange and thus form the link of the Ducatus ecosystem with the global crypto world.
The Ducatus ecosystem exists as a web wallet that runs on all desktop platforms Windows, Linux, macOS.
https://wallet.ducatus.io/ and mobile for iOS platforms and Android Users can send transactions and accept payments not only in the Ducatus and DucatusX coins but also in Bitcoin, Bitcoin Cash, XRP, Ethereum and USDC, PAX and GUSD tokens. More coins and tokens will be added in the future.
• Total number of DUC is fixed at a maximum of 7,778,742,049
• Low fees, fast transactions, staking rewards
• Strong supporting community, merchant acceptance for payments.
• Total number of DUCX is fixed at a maximum of 777,874,204
• Low fees, smart contracts available
• Only trusted projects, no scam token
• Strong supporting community, exchange-traded
Ducatus <-> DucatusX conversion
DucatusX (DucX) can be converted from and into Ducatus (DUC) by a currently fixed the ratio of 1:10 on https://www.ducatuscoins.com/buy or inside the wallet using the swap function.
Liquidity raising platform — a platform for publishing projects to attract investments
DEX — DEX for trading DucatusX tokens and other cryptos Arduino PoA block producing — microcomputers with preinstalled software for participating in block producing and earning on the blockchain fees. Stablecoin implementation — adding a stablecoin to the DucatusX blockchain implemented to a user-friendly digital payment platform for day-to-day banking transactions.
Leasing/borrowing smart contracts — smart contracts for renting property and providing loans secured by cryptocurrency. New wallet (Metamask) for token management — new wallet with integrated web3 protocol support
It’s a project of the future as it’s for benefit of normal people. It deploys a blockchain quickly with a low fee, has a clean and easy-to-navigate interface and is user-friendly enough to allow any user to control, assist or make decisions and participate in the development and lifecycle of a project. All these characteristics evince that this project is for the people, the normal people. It has great potential to rock the floor of the cryptocurrency market.
For more information
Bounty Thread: https://bitcointalk.org/index.php?topic=5357188.0
K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654