Frequently Asked Questions

What is blockchain?

Blockchain technology creates opportunities for disruptive innovation. Similar to the way the internet revolutionized how the world communicates, blockchain will revolutionize the way we transact anything of value.

Blockchain is a digitized, immutable, public ledger for recording each exchange of value. It enables global business transactions and fosters a new generation in a more trusted, efficient, and transparent way.

How does blockchain work?

Blockchain is a digitized, immutable, public ledger of transactions. Here’s how it works

  1. A transaction is requested.
  2. The transaction is then shared with other people in the network.
  3. Those in the network must verify the transaction.
  4. Once the transaction is verified, it’s added to a block with other transactions.
  5. That block is added to a chain of previously verified blocks.
  6. Once the block is added to the chain, it’s then added to the ledger. It cannot be altered.

What are the benefits of blockchain?

Blockchain presents a new operational approach- a new source of assurance in a rapidly-changing technological environment. Using blockchain may help:

  • Reduce the need for trust between stakeholders
  • Build a secure value transfer system
  • Streamline business processes across multiple entities (reconciliation)
  • Increase record transparency and ease of auditability”

What is Dragonchain?

Dragonchain is a U.S.-based technology leader, offering Blockchain as a Service with security and scalability at the forefront of its operations. Originally developed at The Walt Disney Company in Seattle in 2014 and then open-sourced in 2016, the Dragonchain Platform was specifically designed with enterprises in mind. Dragonchain’s public/private hybrid blockchain platform combines high performance and ease of use, allowing enterprises to build and deploy blockchain solutions and smart contracts in a matter of minutes. We help companies break into blockchain faster, without forcing them to change their existing IT infrastructure. As a service provider built by seasoned members of the tech industry, Dragonchain understands the needs of enterprises and is designed to handle prevalent issues in several industries.

What is the problem and opportunity that Dragonchain addresses?

Problem: Existing platforms restrict the creation of truly secure and scalable blockchain applications in real world business use cases.

**Solution: **

  • Protection of Business Data & Operational Smart Contracts
  • Scalable system via Serverless Deployment
  • Creation of Smart Contracts with established, general purpose languages (Java, Python, NodeJS, C#)
  • Ecosystem for sharing and monetization of Smart Contracts
  • Security - Enterprise ready architecture; creates spectrum of trust
  • Development - Established language support for smart contract development (Java, Python, Node, C#)
  • Scalability - Serverless deployment on Amazon AWS

What is the history behind Dragonchain?

Dragonchain was originally developed at Disney Seattle in 2014 as the Disney Private Blockchain Platform. Over 20 use cases and applications were explored and documented publicly via the W3C Blockchain Community Group. The platform was later released as open source software under the Apache 2 license in October of 2016 and Joe Roets left the company to create the Dragonchain Platform on the basis of this technology. Under Roets’ leadership, Dragonchain works with leading brands from around the world to solve complex problems using blockchain technology.

The Dragonchain Foundation, a non-profit corporation was created in January of 2017 to maintain ownership and responsibility of the open source code.

See the use cases page for information made available from Disney to the W3C Blockchain Community Group in June of 2016.

What is a Dragon token?

The Dragon token (ERC20) is a Tokenized Micro-License for interaction with the Dragonchain Platform and related services which captures legal guidance regarding US Securities law. It is not a financial security and should not be purchased for investment or speculative purposes. Purchasers of Dragons should have a bona fide intention to use them for interaction with the Dragonchain Platform.

What is a Tokenized Micro-License™?

Dragonchain’s patented Tokenized Micro-License (TML) was created to provide a new model for software access. It allows the local holding of licenses much like early software license models, yet allows for vendor or decentralized hosting of the software services. It also standardizes for many flexible forms of redemption via software access and execution. You can find the technical brief for TML here.

For the vendor

Licensing is more flexible, and powerful anti-piracy measures are possible. Updates to services can be controlled much like in the subscription model.

For the consumer

A user is not paying for software utility that isn’t being used. Ceaseless passing of time does not itself penalize.

License ownership is recorded on the blockchain and decentralizes ownership and control. Asymmetric encryption technology (public key cryptography) is used to enable the consumer to physically hold the key which “own” the tokens.

TML Service Interaction

The token itself contains a license that is maintained on the blockchain with both programmatic (smart contract based) terms and human readable (traditional legal) terms embedded. The token’s license interacts on every use, execution, or access with a license embedded into every service (programmatic/smart contract and traditional) to create a very flexible framework for software license innovation.

The terms for both the token and all services can be updated on the blockchain in a manner that allows anyone to prove and/or verify that a particular execution occurred under a particular set of license terms (or other legal arrangement). This model also allows for a very flexible update arrangement wherein a vendor may do things such as specify license update frequency, specify terms for notice on updates, or allow consumers to vote on terms or feature updates. This model can also solve issues with access to data stored on the vendor’s system as the public keys of the owner may be allowed access to their owned data even if they no longer hold license access to the system services.

This can more directly model the commoditization of service utility in the “Software as a Service” or “Platform as a Service” hosting models so prevalent today. It allows for commodity service micro-payments (e.g. Amazon AWS, Google Cloud, MS Azure) to be modeled into the license itself and to be controlled in a more granular fashion. It also allows the ability to track and audit billing in a provable and transparent manner.

What is a Dragon Days of Slumber Score, now known as TIME?

Dragon Days of Slumber Score (DDSS)has been renamed to TIME. It influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. The number of Dragons held, multiplied by the number of days held yields the TIME Score. For example, if you have 100 Dragons that you’ve held for 5 days, your TIME Score is 500. You can find out what your TIME score is here.

What is the Dragonchain Platform?

Dragonchain provides a platform for application developers to rapidly and securely deploy Blockchain applications while maintaining existing language development environments (e.g. Java, Python, Node, C#, Go); a tremendous costing and speed to market advantage​.

The Dragonchain architecture is also designed to allow nodes to handle approval of transactions based upon five levels of network consensus to provide a spectrum of trust to data consumers; a level of security and flexibility unseen in the market by current blockchain solution providers. These design attributes​ ​position​ ​Dragonchain​ ​for​ ​exponential​ ​growth​.

● Serverless system and smart contracts
● Established language support for smart contracts (Java, Python, Node, C#, Go, etc.)
● Scalable - Amazon AWS and Google deployments
● Secure - Protection of business data and operations
● Advanced currency implementations
● Smart contract libraries
● Currency Agnostic

What is a Level 2 / L2 Node?

Level 2 / L2 Node - Enterprise Verification (Validation)

Level 2 nodes are a trusted check of validity for blocks and individual transactions which can be done without seeing the actual data. Rules for L2 Nodes are defined at the enterprise level.

A Level 2 Nodes provide “Real-Time Enterprise Governance” with rules defined at the enterprise level, and checks for block and individual transaction validity in form, signature, and required data elements. This can be considered as providing “Real-time Enterprise Governance” with rules defined at the Enterprise level for validation of all transactions regardless of the local business data.

Verified elements:

  • Block (verification record) construction and signature
  • Individual transaction signatures
  • Individual transaction header elements (that all required header fields are present)

A Level 2 will assemble a new verification record which will contain:

  • A list of valid transactions and a list of invalid transaction, and in this manner vote on the validity of individual transactions.
  • The hash of the prior Level 2 record created by this proof for the same origin (Level 1) proof (thus creating a Level 2 blockchain)
  • The hash of the Level 1 block which was validated (thus providing a second dimension to the blockchain)
  • Proof owner identity information
  • Proof deploy location (data center)
  • Proof key management authority information

What is a Level 3 / L3 Node?

Level 3 / L3 Node - Network Diversity Verification

Level 3 Nodes verify diversity of validation (Level 2) verifications. This verification context will ensure that validations of transactions are coming from a sufficiently diverse set of distributed sources.

A Level 3 Node will verify diversity of validation (Level 2) verifications. This contextual verification will ensure that validations are coming from a sufficiently diverse set of distributed sources. It also provides control and measurement of network effect and provides distributed security as an attacker would be required to attack multiple organizations and data centers in order to tamper with transactions.

Level 3 Nodes will check the following criteria:

  • Count of Level 2 verification records have been received
  • That those records have come from (configurable count) of unique business units
  • That those records have come from (configurable count) of unique deployment locations
  • That those records have come from (configurable count) of unique key management authorities

A Level 3 Node will assemble a new verification record containing:

  • Remnants of criteria met (e.g. Level 2 verification record count, set of business units, set of data centers).
  • The hash of the prior Level 3 record created by this node for the same origin (Level 1) node (thus creating a Level 3 blockchain)
  • The hash of the Level 2 verification records which passed the criteria (thus providing a second dimension to the blockchain)

What is a Level 4 / L4 Node?

Level 4 Node - ​ ​External​ ​Partner​ ​Verification​ ​(Notary)

A Level 4 node provides a notary functionality to the consensus process.

Defined network wide (Enterprise+), a Level 4 node provides a notary functionality to the consensus process. Hosted by an external partner, a level 4 node cryptographically signs any level 3 verification record that it receives. This function allows the Level 4 node to act as an independent witness to level 3 verifications.

What is the Auto Claim Gate Verification?

Auto Claim Gate Verification is a process which determines the features and rewards each user has access to within the DRGN Ecosystem. A user’s access is based on several variables, such as their Dragon Days of Slumber Score, now known as TIME. This score is calculated by multiplying a user’s DRGN balance by the length of time each DRGN is held. Currently, the higher their TIME score, the greater their level of access within the Dragonchain Ecosystem. The verification process automatically determines if a user’s TIME is qualified for a specific feature or reward and does not require user-input to make decisions.

What is Core User Interface (UI) Backend?

Core User Interface (UI) Backend is the framework to the interface of the Dragonchain Platform. The interface is just as important as the functionalities of the platform. In order for users to interact with the platform efficiently, the interface must be intuitive for the user. With user research and Dragonchain’s UI experience, the team was able to come up with an interface which any person can interact with. The goal for the Core UI Backend is to provide on boarding ease for the user.

What language does the Dragonchain Platform use?

The Dragonchain Platform allows developers to deploy blockchain applications quickly and securely in any coding language, including Node.js, Python, Go, Java, and C#, even shell scripts such as Bash or Korn.

What makes the Dragonchain Platform different?

Competitive Advantages of Dragonchain Platform

  • It’s a hybrid system that lets a business (enterprise or startup) have its own chain and achieve enterprise consensus in stages all the way to one or more public blockchains (e.g. BTC or ETH).
  • The architecture allows a project to control exposure of sensitive business data and smart contract logic.
  • It doesn’t require the use of a currency (full trust at first layer).
  • It can support multiple currencies on one chain.
  • We have successfully demonstrated that a project can start without full knowledge of its economy and monetize activity or assets late in the process.
  • The Dragonchain Platform utilizes serverless architecture to enable simple and powerful scaling.
  • Developers may code smart contracts in any coding language, including Node.js, Python, Go, Java, and C#, even shell scripts such as Bash or Korn.

You can find more information about Dragonchain Platform here.

What is Interchain?

Interchain® redefines the use of blockchain technology to enable users to conduct processing across blockchains. It simplifies business processes with added security and utility. Simply put, Interchain is the way all blockchains, both public and private, can connect and interact in a secure way. You can find the patent information here.

Flexibility

  • By allowing users to operate on multiple blockchains, Interchain reduces the strain on both large public blockchains and utility chains alike. This keeps transaction speeds high, while also lowering operational costs.
  • Interchain expands users’ selection of tools to improve scaling.

Utility

  • Interchain allows users to benefit from the features of specialized blockchains, built exclusively to respond to issues such as supply chain and quantum computing. Before Interchain, many of these utility chains went ignored because of their focused, but limited set of capabilities.
  • Now, users have the option to leverage both the specialized features of utility chains and the all-purpose capabilities of public blockchains, giving them the best of both worlds.

Security

  • With Interchain, users can retain complete control of their data, keeping sensitive business logic and smart contracts proprietary. They can keep sensitive processing on a private network, and selectively share data or business logic on a public chain for transparency.
  • The ability to publish data, transactions, and business logic to multiple blockchains provides the combined security of all blockchains.

Use Case

A small grocery store uses multiple suppliers to get their produce. Each supplier uses a different blockchain to complete their transactions on; one uses Ethereum, another uses NEO, and another uses Ark. The store does not want to commit to one blockchain over another. Instead, the store uses Dragonchain to monitor each blockchain. With Dragonchain’s Interchain, the store is able to monitor transactions and interact with different blockchains all in one place and implement business logic agnostic to whatever blockchain is being used.

Is the Dragonchain code forked from another project?

The Dragonchain Platform was built from scratch in Python at Disney.

What are the architectural goals of the Dragonchain Platform?

You can find the complete architectural document here.

  • Ease of integration of existing systems
  • Ease of development for traditional engineers and coders unfamiliar with blockchain, distributed systems, and cryptography
  • Client server style and simple RESTful integration points for business integration
  • Simple architecture (flexible and usable for unforeseen applications)
  • Provide protection of business data by default
  • Allow business focused control of processes
  • Fixed length period blocks
  • Short/fast blocks
  • Currency agnostic blockchain (multi-currency support)
  • No base currency
  • Interoperability with other blockchains public and private
  • Adoption of standards as they become available see W3C Blockchain Community Group blockchain standardization and Disney Blockchain Standardization Notes

What is the difference between Dragonchain or a sidechain in terms of interoperability?

Dragonchain is a platform, and can act as a sidechain with many many interop methods. For example, the system can checkpoint into Bitcoin (or one or more other blockchains), it can also allow you to wrap transactions or blocks into Dragonchain transactions (experimental). Standards could also be developed for such wrapping. With the checkpoint, we will provide a way to calculate risk of counterfeit and extrapolate that risk to a dollar value.

Bitcoin (or other) public addresses can also be used as a way to interoperate with other systems and parallelize tokens between the public and private networks.

What exactly does Dragonchain have in store in terms of scaling?

TPS or scalability is unlimited (AWS or other scaling) because of the architecture - that is, application of private blockchain at the business level (L1) nodes would allow scaling to any necessary level as may be accomplished in a non-blockchain implementation.

The ability to apply security of distribution and public blockchain at higher levels of consensus provides value in a measured way.

Scaling definitely does not depend on the public chain interactions - we use them for security, but the real scaling is possible at the business node (L1).

What is Dragon Net?

Dragon Net is a scaled approach to consensus that utilizes independent network verification nodes that are provisioned by the Dragonchain Community.

The verification nodes verify blocks from business nodes (Level 1 / L1 Nodes) in a marketplace based on scarcity of TIME.

The approach is consensus based on verification from different contexts through our Spectrum of Trust (5 Levels)

Each node at each level has it’s own blockchain and is non-homogenous (all nodes do not contain the same information).

How do I build a blockchain solution for my business?

If you are interested in becoming a partner or doing business with Dragonchain, please contact our team at sales(@)dragonchain(DOT)com.

Who should I contact regarding partnerships or business inquiries?

The Dragonchain Platform allows developers to deploy blockchain applications quickly and securely in any coding language, including Node.js, Python, Go, Java, and C#, even shell scripts such as Bash or Korn

What's the Sandbox solution provided by Dragonchain and MetroEDGE?

MetroEDGE’s blockchain, compute and store Sandbox is a light touch way for a technical team to experience the MetroEDGE EBaaS (Enterprise Blockchain as a Service) development environment.

Sandbox can be setup in minutes once access is granted. From there, internal technical teams can spin up their own demo chain and develop processes that facilitate an on-chain transaction. Additionally, those working within Sandbox will have access to a SDK and any programs we have internally developed, such as the drag-and-drop interface and the block explorer are used to put data packages (documents, images, raw data, etc.) on-chain and recall it, respectively.

Eight Stages of Engagement

  1. Provide technical team access to Sandbox
  2. Assessment of current environment and direct knowledge infusion into customer team
  3. Definition of “lowest hanging fruit” processes and applications that would yield direct ROI for a Blockchain implementation
  4. Refinement of the potential opportunities for three (3) best cases for implementation
  5. Development of the Project Plan
  6. Signoff of the Project Plan
  7. Implementation of the Project Plan / core business case(s) for customer delivery
  8. Acceptance of the first phase of core business systems delivery

Example for Using Available IP in Sandbox: Software Escrow / Secure IP Vault

What is software escrow?

Software escrow, also known as technology escrow, is designed for both the developer and the license to mitigate risk when negotiating a software or technology license.

With a software escrow contract, the developer’s source code (or other technology/intellectual property) is managed in a secure escrow account held by a designated, neutral, and trusted third party. If the developer of the data is unable to support the product in the future for reasons specified in the escrow agreement- such as bankruptcy, obsolescence, merger or acquisition- the license will be able to access the source code to keep their business operating. The goal is to get the end user up and running whether the technology is on-premises or Software-as-a-Service.

How do MetroEDGE and EDGElabs enhance existing software escrow services?

By deploying a friendly drag-and-drop interface with block explorer built in, we can finally provide the security of blockchain with a private-cloud solution. The MetroEDGE and EDGElabs teams have developed our hyper-secure platform using American built hardware from Hewlett-Packard and American built blockchain software from Dragonchain.

If you would like to learn more how this solution can help with your business, please contact our team at sales(@)dragonchain(DOT)com.

What are Managed Service Subscriptions?

A TDC subscription provides you with access to download supported and released versions of TDC software. It also provides support and guidance to deploy, configure and manage TDC software.

What is the TDC BAAS license?

The TDC Blockchain-as-a-Service license, represented by a Dragon Token, provides fractional access to the Dragonchain Platform, standardizing flexible forms of redemption via software access and execution. The license interacts on every use, execution, or access with a license embedded into every service (programmatic/smart contract and traditional) to create a very flexible framework for software license innovation. Dragon Tokens are furnished solely as licenses to the service, to provide access to the Platform and run TDC Software.

How much does it cost to get started with Dragonchain?

The cost starts at $99 per month and includes a free bonus of $10 worth of Dragons ($DRGN) to get started with making transactions. You can learn more here.

What payment methods does Dragonchain accept

You can select USD or DRGN as your payment option. If you want to pay with fiat, like USD, you need to enter your credit card information. We accept all major debit and credit cards from customers.

Can I update my payment method?

Yes, you can change your payment method. Log into your Dragonchain console account and update the payment method. The update will be shown during the next billing cycle. The update will be shown during the next billing cycle.

I signed up for the 3-month free trial, is it still available?

With the new billing system release, select your payment method on first login. Once your 3-month free trial ends, you’ll be transitioned to the $99 per month billing will begin.

Can I withdraw my DRGN/rewards from console to one of my claimed wallet address?

Yes, you can withdraw your Dragons ($DRGN) rewards from the Dragonchain console very soon. Log into your Dragonchain console account, and select the “Withdraw” button to easily withdraw from either your Funding Address or Verification Payout Address.

Funding Address is a wallet address where your credits go to when you send in $DRGN and where you spend out of if you pay in $DRGN.

Verification Payout Address is a wallet address where your higher level rewards are sent.

Can I cancel my subscription with Dragonchain service?

Yes, you can cancel your Dragonchain subscription service by logging into your Dragonchain console account. Once cancelled, you will continue to have Dragonchain service until the 1st of the next month.

What's the token information for Dragon (DRGN)?

-—-BEGIN BITCOIN SIGNED MESSAGE—–

Token Contract Address: 0x419c4db4b9e25d6db2ad9691ccb832c8d9fda05e

Symbol: DRGN

Decimals: 18

-—-BEGIN ADDRESS—–

1DRA8KjFPZ62XdEGSmFEneRj8UqVVCAEnL

-—-BEGIN SIGNATURE—– H83Nf3Dn/SLleagPIi0FwQx6xC+vgFGafTxk81J5MJpYSCHqsDDKaKZlnsjtMCs8gF0qCR0fLauKtoudw1uvKC4=

-—-END BITCOIN SIGNED MESSAGE—–

dragonchain.eth resolves to the Dragonchain Token Contract Address: 0x419c4db4b9e25d6db2ad9691ccb832c8d9fda05e

How do I lend my Dragon Days of Slumber Score, now known as TIME, to an enterprise?

To share your TIME with an enterprise, you will need to create a listing. Listings will be in the amount of 1,000,000 TIME and will have a 3-month term attached to them. It is essential to understand that you must maintain at least 1,000,000 TIME in your account throughout the entire 3-month period to be eligible to receive the payout at the end of the period. At any time if your account balance drops below 1,000,000 TIME, your CTLC contract will default. If your account defaults, Dragonchain will act as a guarantor to ensure that the enterprise account won’t be affected. In this scenario, if your account defaults, you will lose the right to collect the reward at the end of the contract period.

What do I get for sharing my TIME with an enterprise?

For the first release, the payouts are set at a fixed amount. Accounts who maintain the eligibility requirements throughout the entire duration of the contract will receive a payout of 150 DRGN in addition to receiving their TIME back from the enterprise.

How does a Captured Time Lending Contracts (CTLC) listing get selected?

The listings will get selected in chronological order based on oldest listing first. If you are interested in participating in CTLC, it is recommended to create a listing as soon as there is limited access. There is no guarantee that an enterprise will select your listing, but you will be able to cancel your listing at any time. Your listing will generate a number that indicates your spot in line.

Can I change my wallet address which is associated with my account?

Currently, you cannot change your wallet address, but the Dragonchain team is working on a feature that will allow you to do so. You will soon be able to add, remove, or claim multiple addresses.

As it stands, signing up for the Developer Plan will automatically provide you with an ETH wallet address you can use to access the Dragonchain Platform and console.

Where can I find Dragonchain's roadmap?

Our roadmap goals for Q1 and Q2, 2019 have been signed onto blockchain and can be found below:

Roadmap Tweets for quarter 1 and quarter 2, 2019.

Eternal link.

Where can I find the Dragonchain Community Guidelines?

You can find the Dragonchain Community Guidelines for all our various social media channels and chats here.

TIME burn and locked team token redistribution

We want to make sure no misunderstanding exist before any movements occur. Most of the tokens in the team address will be separated and moved to other company-owned addresses. This is not a transfer directly to employees or team members. The addresses will allow team members to access their TIME based upon an internal incentive program. In the same process, a lot of the global TIME will burn, reducing total TIME in existence considerably.

All tokens in this program will be locked under a 5 year program, backdated to a team member’s start date. Participants will be able to withdraw 20% of their tokens every year, on their anniversary, and if they leave before the year, they will lose all remaining access including TIME. The transfers are planned for the end of August, as long as we have proper time to execute it.

The new addresses will start with zero TIME, and team members will be able to use accumulating TIME in an internal incentive program. The addresses will remain under full control of Dragonchain, Inc. It is not a direct transfer to employees.

Does Dragon have a wallet and where should I keep my Dragon token?

Any ERC20 compatible wallets work for DRGNs. Currently, we recommend MyCrypto (MyCrypto.com) and are a default token there.

Did Dragonchain have a token sale?

The Dragonchain token sale took place between October 2 and November 2 in 2017.

The price of a Dragon was set by the market over the period of the sale. Participants received Dragons equal in value to the BTC or ETH contributed. Market price for Dragons was determined at close of sale based upon total amount raised, against fixed supply available in public sale.

  • There is a fixed supply of 433,494,437 Dragons.
  • There was no cap on contributions and Dragons were be distributed proportionally based upon Bitcoin value contributed per sending address.
  • There was neither a hard nor soft cap.

What was the final token sale price?

0.000009376236828 BTC = 1 DRGN

938 Satoshis

What is the total distribution of Dragons?

Category Percentage Dragons

Public 55% 238,421,940

Team 20% 86,698,887

Foundation 10% 43,349,444

Dragonchain Reserves 10% 43,349,444

Dragon Fund (Incubator) 5% 21,674,722

Dragon Days of Slumber Score, now known as TIME?

TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. The number of Dragons held, multiplied by the number of days held yields the Dragon Days of Slumber Score. For example, if you have 100 Dragons that you’ve held for 5 days, your Slumber Score is 500. You can find out what your slumber score is here.

What is the TIME Leaderboard?

The TIME Leaderboard is a place where Dragon HODLers can check their TIME ranking, see their accomplishments, and stay up to date on announcements.

Use Case

Dragonchain began a presale of DRGN Tokenized Micro-License™ in October, 2017. This sale was the first opportunity for Dragonchain Community Members to acquire DRGNs. Once the TIME Leaderboard was launched, users who earned the achievement of being an early DRGN holder, such as those who acquired DRGNs during the October 2017 presale, were awarded a “badge”. This badge is displayed on the TIME Leaderboard.

What happens to my Dragon Days of Slumber Score, now known as TIME, if I move, add drgns, etc.?

Added Dragons to your wallet does not reset your score. The simple formula would be:

1st batch of Dragon Days of Slumber Score (Time x Quantity) + your 2nd batch + your 3rd batch + … = Total Dragon Slumber score

Moving Dragons will affect your score in Last In First Out accounting style. Meaning if we take the example above, the quantity of the 3rd batch would be adjusted before your 2nd and 1st batch.

How do I recover my Dragon Days of Slumber Score, now known as TIME)?

Since the release of the Dragon Days of Slumber Score, now known as TIME, the Dragonchain community has expressed great enthusiasm about the incentives offered to Dragon holders (DRGNs). The Dragonchain Team understands the importance of users being able to move DRGNs from one wallet to another, more secure wallet, without the risk of losing their current TIME. To combat this issue, the Dragonchain team has implemented TIME Recovery solution. The TIME Recovery is a process that allows users to maintain their current TIME, even after making a wallet change. Now users can transfer their DRGNs into any wallet and maintain their existing TIME.

Steps

Step 1: The user must move ALL DRGNs from the original wallet (Wallet A) into the intended wallet (Wallet B).

Step 2: Once ALL of the DRGNs have been moved from Wallet A, transfer 20 DRGNs into Wallet A. This is the Recovery Fee.

  • The Recovery Fee must collected from Wallet A.
  • Wallet A must be completely empty before transferring the 20 DRGN Recovery Fee.

Step 3: Now, the user will send the Recovery Fee (20 DRGNs) from Wallet A to the Official Dragonchain TIME/DDSS Recovery Fee Address.

Important to Note

  • Exchange Wallets do not accumulate TIME or receive recovered TIME.
  • Users have up to ONE year to recover their TIME from the original wallet.
  • TIME Recovery only recovers the TIME amount from the original wallet after ONE MOVE. The last move brings your balance to 0 and is not cumulative.
  • If a user were to move their DRGNs from Wallet A to Wallet B, then decide to spend some of their DRGNs in Wallet B, this action will change the user’s TIME. If the user then moves their DRGNs to Wallet C, the user CANNOT recover their original TIME from Wallet Aーonly Wallet B.

You can also find a how-to guide and more details about the TIME recovery here.

What is the Captured Time Lending Contracts (CTLC)?

The Dragonchain team has completed the Master Time Ledger, a ledger that keeps track of all Dragon Days of Slumber Score, now known as TIME, debits and credits across accounts within the Dragonchain Platform. This milestone has opened the door to new possibilities within the Dragonchain ecosystem. Captured Time Lending Contracts (CTLC) designed with enterprise developers in mind is the first service built on top of the Master Time Ledger.

Enterprise developers looking to spin up a Level 1 Node traditionally needed to purchase Dragons and wait for 1,000,000 TIME to accrue. With the launch of CTLC, enterprise developers can now skip the wait and gain instant access to spin up a Level 1 node today.

Dragonchain users are able to help grow the Dragonchain ecosystem by lending out their TIME to enterprise developers looking to build their blockchain solution on the Dragonchain Platform. Log in to your Dragonchain Dashboard and select CTLC from the list of services.

Who is eligible to create the Captured Time Lending Contracts (CTLC) listing?

For the first release, there are two requirements that determine if your account is eligible to create a CTLC listing. Your account wallet must have at least 5,000,000 TIME and possess the Golden JoJo Token Sale Badge. If your wallet only meets one of these two requirements, then it is not eligible to create a listing at this time. In the future, these requirements will change to allow more participants into the system as enterprise demands continue to rise over time.