3DCoin Automates Business Management With Blockchain And IoT
Districts (3DCoin) has built a dApps platform based on Bitcoin consensus. Hence, it means there is no network sharding or any centralised solutions to enable features like dApps hosting, external API and contracts.
3DCoin provides all the tools vital to users and assists them to start a business, design an online game or even a live concert for a one time fee. The approach stimulates new users to develop their dream projects in Districts.
Consequently, merchants can list and showcase their products for free. However, the only condition is that they accept the escrow agreement, which includes a percentage fee paid for every confirmed sale.
The platform additionally, incorporates an advertising wing. This component furnishes the possibility to create any form/shape of an ad and program to speak and interact with clients directly.
QT reached out to the team to learn more about what District is bringing to the Blockchain/Crypto space. Zine Laabidine Reszig, CEO and Founder at 3DCoin, affirmed:
“Project Districts is the world’s first fully capable decentralised virtual ecosystem designed to project real-world and ethereal experiences to users all over the globe. Its robust architecture and highly competent development portal (the Districts Visual Studio), makes it the perfect candidate for bootstrapping real-world ideas and solutions.”
According to him, Districts’ Universality and VR technology immersion make it a priceless medium for investors considering to teleport their ventures into the next stage of success. Investors can utilise their otherwise limited assets to create remarkable engaging and profitable content on the District ecosystem.
“Because Districts incorporates VR technology, it is not subject to real-world limitations that make projects unmerchantable,” he asserted. “Quite practically, investors can transform their one-stop shops and businesses into diversified mega-malls with a broad range of profiteering ventures.”
Rezig, who doubles as the Lead Dev of the project highlighted that 3DCoin will give the crypto market a second breath. From his perspective, it will be the bridge between any blockchain and IoT applications.
Districts’ Underlying Technology
The 3DCoin Blockchain has a 100% three layers decentralised network of masternodes, primenodes, and pulsenodes. Moreover, conditional transactions are powered by a smartscript that enable users to set unlimited conditions and triggers for their contracts.
Its protocol and the mining algorithm is known as Proof Of Sync (POSync). This particular mechanism ensures that all the network is synchronised before validating any transaction state or a block.
Rezig explained thoroughly:
“The whole network of masternodes validates contracts. Prime nodes are responsible for hosting dApps. The pulsenodes are working together to provide a secure environment for Districts VR users; the pulsenode network will validate all interactions and transactions in Districts.“
When a transaction is transmitted on the network, the new masternode architecture is set up to facilitate instant validation. It does this by swiftly sending the transaction to other nodes.
According to the CEO, the choice of a triple-layered blockchain secured by the synchronisation based proof of sync instead of PoW was influenced by two factors. He enumerated it was based on saving massive amounts of energy and hardware, with the impossibility for two valid blocks to be created at the same time, thus the futility of 51% attacks.
The team anticipates that their roadmap would be achieved by 2022. Within this period, all the components of the project will be live.
“We are working day and night to deliver the last update for the POSync in the upcoming update. In progression, the dApps platform will be released in the next year,” the Lead Dev announced.
Then, they will start releasing the new Districts VR platform alpha, test, beta and finally the version 0.1.
Rezig had this message for the rapidly growing 3DCoin’s community:
“This project couldn’t survive without the support of the community; it’s a community project, after all. We encourage everyone to get involved in developing the best solutions for the blockchain industry.”