Digital Reputation – On What Exactly Point Of View Is It Best To Make A Decision..
DREP, a blockchain-based decentralised reputation system, aims to steer the way and send a good “signal” to the world in developing successful blockchain DApps. DREP Signal Lab aims to internally incubate a number of leading Reputation System, also known as DRApps (Decentralised Reputation Apps)
Anybody who desires to work in blockchain industry, disrupt internet products, would like to catch up with the latest trend, is presently researching and dealing with Android & iOS systems, and simply hopes to jumpstart their career. DREP will give you the opportunity of deep-diving our white paper, unveiling and exploring the blockchain technology, changing internet centralization, having in person meetings with experienced developers, researching blockchain products, joining us in your free time or full-time ……
Blockchain is Transparent because all of the transactions that have ever happened on the network are publicly readily available for one to download and verify using message signature, and this behaves as a safeguard against fraud along with other malicious activities. Another feature of blockchain is the decentralisation of authentication, with decentralised applications we will no longer need to authenticate having a central server (VISA or Master Card), instead we authenticate with all the blockchain itself. This offers a degree of accountability and transparency that is unprecedented. This is useful for financial institutions as well as people in social environments where these are concerned about their online security and privacy.
Blockchain is Decentralised in the sense that there is no single reason for failure on the network. If one of the mining nodes is down, the network can continue to operate and transactions can still happen without problems as other nodes on the network is going to be available to verify the transactions. This is a massive difference towards the way your local banks handle it, you would have at least experienced it once that the bank would send you information saying you are unable to send or receive money from as well as your banking account from this date to this particular date due to maintenance, system problems, etc.
The 2nd downside to transferring money using your local bank is transactions could sometimes take a lot of time to be validated and verified, which is should you be sending money to someone that utilizes a bank different than yours or if the transaction is going on on the weekends. While many people could get around these time limitations by simply waiting around for 1 or 2 days for your transactions to be confirmed, others specifically in business could find this quite problematic to their business cash flow and Payroll management. The good news, blockchain solves all of these problems for us in a very simple and easy way. With blockchain we can now send and receive money for any person anywhere around the world in a very short confirmation time as well as for a hardly any cost.
DREP is to establish a strong Signal Social network. Subscribe to Hackathon 2018, and crack the truth: ”How can users’ reputation be quantified and monetised through platform tokens, and decentralised across different internet platforms?” Participants get the chance to receive a prize money of 100,000 RMB , become part of DREP Signal Lab, and receive a start-up investment from DREP Foundation. Join DREP Signal Lab, master the growth of blockchain technology, develop your first DAPP, and take gnlowe in building DREP’s reputation system. You will end up given opportunities to contact Lead developers of DREP Signal, join DREP team and get invited as a special guest for DREP Signal offline forum.
DREP’s decentralised reputation network will officially open source to the community on Github. We will publish smart contract templates for token creation, build blockchain consensus algorithms, build a DRApp ecosystem. DREP will concurrently regularly update on the growth and development of our open source project. The greater you contribute, the better are the probability of you becoming another blockchain technology expert.
Cryptocurrencies like Bitcoin yet others happen to be the highlight from the news recently with prices fluctuating from records high to a few cryptocurrencies losing almost half of the capitalizations within hours. This has caused plenty of uncertainty and raised many questions as to the reasons there is cryptocurrencies, why we must have them and in case they will ever last. To ensure us to offer reasonable solutions to these questions, we should first know very well what advantages do these cryptocurrencies offer us and how they may change the state the planet that people live in today. I assume that the audience reading this article article have no experience in cryptocurrency and blockchain technology the technology that underpins Bitcoin and several other cryptocurrencies