REVIEW OF DAB TOKEN MINING
In 2008 , Bitcoin was introduced by Satoshi Nakamoto in its efforts to revolutionize the way transactions were carried out. Benefits such as transparency, high level of control, security and freedom are added to the importance of this digital currency and are immediately adopted by investors. This marks the start of the Blockchain technology era. This technology mitigates conventional centralized networks and paves the way for decentralized networks.
In 2013 , the start of the Ethereum platform further strengthened the Blockchain technology. Vitalik Butarin is the one who launched the platform and took steps to integrate smart contracts into the Blockchain protocol. So, the new protocol formed by a combination of smart contracts is referred to as Utility Blockchain or Blockchain 2.0.
In 2017 , this technology was popular among software developers, but soon attracted people associated with banking, financial institutions, etc. and also gained popularity among investors. Thus, many blockchain projects are starting to form from 2017 onwards. Some of them include Tron, EOS, STEEM, etc. Furthermore, Blockchain Technology facilitates the start of an era of decentralized applications or Dapps.
Dapps waves in almost every industry from health care, insurance, real estate to games. The popularity of Dapps can be attributed to its strengths and ability to work on peer-to-peer networks where user information will not be under the control of any other entity. Dapps has the potential to utilize many industries including the gaming industry.
The gaming industry is increasing lately. As per report 10/2017, more than 2.3 million users utilize industry services while generating annual revenues of more than 105 billion USD. However, the most common problem faced by industry is related to the existence of game assets. This exposes the industry to fraudsters. So, Blockchain Technology can be exploited in the industry to reduce its exposure to fraudsters. By integrating smart contracts in the gaming industry, users get assurance that the game assets they will receive are authenticated.
Blockchain technology affords several benefits to the industry including the exchange of resources and assets in a hassle free game. The introduction of in-game tokens can revolutionize the industry. Tokens function as virtual assets that can be purchased and sold on decentralized trading platforms. Obviously, there is a bright scope for the game ecosystem built on Dapp. This caused the birth of Dabanking.
Is that Dabanking?
Dabanking is a company that aims to offer services in the field of Dapp development and entertainment. The Dabanking platform aims to provide entertainment and financial resources that can help people globally. This platform offers entertainment modes that are transparent, safe and stable and value creation through financial resources. It aims to improve the game ecosystem in decentralized applications. Companies use Ethereum as their basic platform. Use the DAB token as a basic token which will be replaced by the official Dabanking blockchain after the announcement.
Dabanking creates a series of Dapps including lottery games like Watch, Dice, FomoJackpot, Dual, etc. This platform will present more games to meet community demand. He plans to launch new games in each quarter. The Dabanking team has developed a core structure. They provide an API to facilitate outside developers to design games on the operating system.
Dabanking uses the theory of POC (Proof of Contribution) protocol to facilitate the distribution of tokens. In this way, a fair and safe environment is created for investors where they can trade with tokens. It also promises to increase the value of the DAB token.
To use the Dabanking platform, users need to install the Metamask Wallet or Trust Wallet on their mobile. Wallet must have Ethereum. Furthermore, users can visit the official website to improve services.