On January 7, 2020, Dragonchain demonstrated over 250 million transactions over a 24-hour livestream event, averaging over 1500 transactions per second. Later that year Medek Health launched Covid SafePass with the City of Apopka, using Dragonchain blockchain solutions in line with the FDA guidance on Digital Health Policies and Public Health Solutions for COVID-19. Dragonchain also built several solutions in-house on top of the open source platform, including Dragon Factor (decentralized identity), Den (decentralized social media), Provably Fair Contest System (contests, casinos, lotteries, give-aways), Lyceum (Training courses & certificates on chain), and Eternal (archiving, legal proof, predictions).
How to ‘mine’?
There is no mining involved. The community acts as a decentralized validation, diversity, and notary service. One of the patents granted to Dragonchain revolves around loyalty & rewards on blockchain. While the enterprise develops their applications on a private Level 1 Business node, the Dragonchain community and selected partners run their own Level 2 Validation, Level 3 Diversity, and Level 4 Notary nodes. Level 5 nodes are the public checkpoints to external blockchains such as Bitcoin, Ethereum, and Binance Chain. Level 5 nodes can be run and managed by Dragonchain, or the specific blockchain itself through a partner program, bringing interoperability to all blockchains.
For the Dragonchain community members who are running nodes, the amount of TIME each node runner applies to a certain level, determines their rewards.TIME is a loyalty score on top of the DRGN token. For each DRGN held in a non-exchange wallet, they receive 1 TIME loyalty score per day automatically. The more TIME someone applies to a L2, L3, or L4 node, the higher the reward granted when your node is selected through the matchmaking process. Community members securing Dragon Net’s 5 levels of trust can join pooled nodes, or run their own unmanaged nodes.