Dock price

DOCK

#1588

Dock’s blockchain provides an open-source, decentralized, and low-cost platform for organizations and developers to build Decentralized Identity and data applications for the Web3. Everyone using Web3 will need their own Decentralized Identifiers (DIDs) which are globally unique identifiers made up of a string of letters and numbers that is stored on the blockchain. DIDs enable people to securely sign-into websites and apps without revealing unnecessary information, fully own and control their digital identity, and prevent user tracking. The Dock blockchain serves as the entry point with a protocol layer for all things Web3. Their blockchain-based credentialing system complies with W3C standards. Dock runs its own validator network and the blockchain is built on Substrate (which is the same framework used throughout the Polkadot ecosystem). It uses the consensus mechanism offered by Substrate, which is a hybrid as it separates block production and finality and achieves them through different methods. The blockchain has the same consensus and governance mechanism as Polkadot.

DOCK is the native utility on the Dock mainnet, it is used as: 1. An integrated payment mechanism for performing network operations including: the creation of decentralized identities (DIDs), issuing credentials, creating schemas and more. 2. Emission rewards for validators who provide their resources to the network by producing blocks and confirming transactions. 3. Decentralized governance, DOCK will be utilized to manage changes to the network. How the mainnet is run and by whom will be decided on by voting, and Dock tokens will be the mechanism by which members of the network will vote.