Decentraconnect Social Smart Contract Platform
Introduction to the Decentraconnect Social Platform
The Decentraconnect Social Platform is a unified infrastructure platform based on the technical, traffic and ecological resources, and will be gradually open to the blockchain industry. It will make the construction of decentralized applications more efficient and cost-effective, and provide comprehensive empowerment in aspects of promotion, traffic, and resources. The Decentraconnect Social Platform is an EVM compatible blockchain who solves the biggest problem of Dapp industry. The Decentraconnect Social Platform will provide global developers with series of diverse innovative facilities and services.
Solving market's biggest problem
Decentralized applications (Dapps) running on any blockchain contribute to the biggest use case of the blockchain industry. Many such Dapps face cash flow problems. They have many users and lots of transactions in their smart contracts, but they do not gain anything from those transactions. All the transaction fees paid by the users go to miners (or stakers in PoS blockchain). This creates a scenario of "Rich getting richer and poor getting poorer". We solved this painful industry problem through our innovative technology, where smart contract deployers also gain some percentage of the transaction fee paid by the smart contract user. This will create a huge positive cash flow to the Dapp developers and help them run the Dapp project smoothly and they can carry on their innovative development in the blockchain ecosystem.
Declaration
To empower the decentralised applications (Dapps) ecosystem
Vision
Decentraconnect Social's vision is not only to be the best public blockchain, but also to focus on the discovery and support of high-potential developers and innovative projects. Relying on the world's largest trading ecosystem, Decentraconnect Social is committed to becoming the birthplace of innovative technologies and innovative businesses, and building a complete ecological loop of technology development, application promotion, and trading.
Decentraconnect Social’s Performance
- TPS: 100000000+
- Average block interval: 3s
Consensus Mechanism
DPoS consensus mechanism: it has the characteristics of low transaction cost, low transaction delay, and high transaction concurrency.
The maximum number of validators supported is 21.
Economic Model
The endogenous token on the chain is DCSM; the transactions consume DCSM as gas fee.
Miners pledge DCSM to become validator nodes. The reward of nodes is gas fee, which is distributed according to the mortgage proportion.
Cross-Chain
Assets such as BTC, ETH and stable coins can be mapped to Decentraconnect Social by an asset bridge. The realization method is to lock a certain amount of tokens on the original chain then generate a corresponding number of tokens on Decentraconnect Social.
Decentraconnect Social encourages developers to provide more decentralized cross-chain solution.
Meta Transaction Function
The meta-transaction function is supported, which allows users to reduce gas fees step-wise, and Decentraconnect Social will cover the payment of the reduced part. The meta-transaction function allows to minimize the migration cost of DApp developers, as well as to effectively reduce the cost of DApp users.
Decentraconnect Social Technical Characteristics
- An open and decentralized network to maintain the security of the network and assets.
- Support the programmability of EVM, the compatibility of smart contracts to reduce development or migration costs.
- Meta-transaction function: gas fee reduction, effectively reducing the cost of developers and users on the chain.
- Support cross-chain asset transfer to optimize users’ experience.
Decentraconnect Social Roadmap
| Decentraconnect Social Technical Route | ||||
|---|---|---|---|---|
| Stage | Features | Time | Sub Stage | Technical Points |
| Phase 1 |
The initial version of Decentraconnect Social.
The system is stable and easy to use. Developers can develop and promote Dapp at low cost. Users can participate in Dapp on Decentraconnect Social with a low threshold. | 01-01-2024 Q1 | Public Beta | Higher transaction performance |
| Lower transaction costs | ||||
| Meta transaction subsidy | ||||
| Node Election | More decentralized and safer | |||
| Complete mainstream assets | ||||
| Basic tools in place | ||||
| Ecosystem Incubation | Technical service systemization | |||
| Basic tool customization | ||||
| Convenient asset transfer | ||||
| Phase 2 |
The protocol is further optimized.
Decentraconnect Social will take the mission of connecting CeFi and DeFi, allowing more users to use DeFi applications at a low threshold. | 01-01-2024 Q2 | To be announced | Complete developer tools |
| Complete developer forum, blog, and FAQ information | ||||
| Chain ecological infrastructure booms | ||||
| Innovative open ID | ||||
| Personalized portal accurately matches users and Dapps | ||||
| Phase 3 |
Enable Layer2 technology. Expand performance while retaining the decentralized advantages of distributed protocols. | 01-01-2024 Q3 | To be announced | Application of Layer2 |
| Cross-chain interoperability protocol | ||||
| Cross-chain interoperability integration | ||||
| Phase 4 |
Landing of large-scale commercial applications. Support a variety of traditional businesses to run smoothly on the chain | 01-01-2024 Q4 | To be announced | Multiple virtual machines supported |
| Multiple zero-knowledge proofs and privacy protection capabilities | ||||
| Multiple signature schemes | ||||
| Storage compression and expansion solution | ||||
| Multi-dimensional sharding scheme | ||||
Current Stage of Decentraconnect Social
In the quarter 4 of 2021, the Decentraconnect Social officially launches its "Initial" phase 1, which will focus on improving the on-chain infrastructure, including but not limited to: Oracles, Voting tools, Anchor Coins, DEX, Lending, Fnancial Management, Insurance, Synthetic Assets, Cross-Chain Solutions, Data Analysis, Smart Contract Innovation, etc.
Support Plan of Decentraconnect Social
Financial Support
- Decentraconnect Social will set up a special fund to invest, support and incentivize high-potential developers.
- Decentraconnect Social will launch a variety of developer activities and competitions to discover and fund potential developers.
- In order to reduce the cost of users on Decentraconnect Social Dapp, the Decentraconnect Social meta transaction function will reduce the gas fee of users holding DCSM in a step-wise manner.
Traffic Support
Decentraconnect Social will strongly support the development of Decentraconnect Social ecosystem:
- Provide traffic entrance for high-quality Dapp on Decentraconnect Social.
- After running successfully on Decentraconnect Social, high-quality projects can submit token listing application to Decentraconnect Social trading platform, and can be listed on it if they meet the listing standards.
Resource Support
- Projects or developers that have received investment and support from Decentraconnect Social have not only the opportunity to get official news report, but also can apply for marketing service packages and promote their projects globally.
- High-quality projects can participate in Decentraconnect Social foundation roadshows for free.
- Decentraconnect Social will open up ecological resources to high-potential developers, matching the win-win cooperation between developers and our ecological partners.
Interact with Us on Social Media
- YouTube: https://www.youtube.com/channel/Decentraconnect
- Facebook： https://www.facebook.com/Decentraconnect
- Twitter: https://twitter.com/Decentraconnect
- Telegram: https://t.me/Decentraconnect
- Github: https://github.com/Decentraconnect
Risk Warning
- All users and developers can participate in the current test environment and subsequent stages of Decentraconnect Social for free, and there is no charging scenario.
- All users must distinguish the test environment from the Mainnet. The assets generated in the test environment have no value. Be aware of counterfeit currency fraud.
- Decentraconnect Social announces authorization, promotion and other collaborations only through the official social media platform. Developers and users should check carefully to avoid losses.
- Do not misread the official website (decentraconnect.io), and be cautious with private key phishing.