Network based systems

Successful Launch of Online Decentralized Storage Public Blockchain DMC Testnet

Place/Date: – February 1, 2022 at 2:00 UTC 2 minute read
Source: DMC Foundation

DMC Foundation, which is a public blockchain project, announced that the Datamall Chain testnet has successfully passed the closed beta test and launched online on January 31, 2022. Datamall Chain is a public blockchain based on a super ecosystem that adopts storage and mining mechanism. True to the design philosophy of the existing decentralized DeFi exchange, it aims to provide a global assorted storage trading platform for genuine storage seekers and providers worldwide.

This testnet has been released primarily to test and improve the functions of the blockchain browser, wallet plugin development, node operation, suspended order mining, contract development and deployment. ABO and other modules.

Decentralized storage is one of the most important underlying components of Web3.0 today, and Datamall Chain will provide a true business platform for storage seekers and providers. Matched parties can get DMC token incentives by presenting their “Storage Delivery Certificates”. Simply put, DMC will be a global decentralized storage platform. The proof-of-service technology adopted by DMC is an underlying CYFS protocol based on shared cloud computing theory. Its basic principle is that “it is only put on the cloud in the event of a dispute”. In more than 90% of normal delivery scenarios, no processing fees will be required, which will truly reduce the cost of decentralized storage and improve delivery speed. The underlying CYFS protocol includes a decentralized storage delivery protocol based on ODD addressing, which solves the delay problem of DHT-based decentralized storage systems.

The future ecosystem of DMC Public Blockchain will mainly consist of a series of cutting-edge products, including decentralized storage and mining, decentralized finance (DeFi), metaverse and cloud storage, all designed to build a decentralized storage platform real and fair.

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