What Is Darwinia Network (RING)?

What Is Darwinia Network (RING)? Complete Guide Review About Darwinia Network.

What Is Darwinia Network (RING)?

Darwinia Network is a blockchain technology company, established in Singapore,2018. We focus on the research and development of blockchain infrastructure, especially the cross-chain technology. The native tokens for Darwinia is RING, RING can be used as gas for transactions. Gas include transaction fees, contract execution fees, network bandwidth charges, storage fees, and more. To encourage users to make long term commitments and pledge, users can choose to lock RING for 3 – 36 months in the process of Staking, and the system will offer a KTON token as reward for users participating in Staking.

The sponsor nees to pledge 100 EOSC as deposit for the proposal to prevent bad proposals. The deposit will be returned after the proposal is passed. The proposer needs to specify the objectives of the proposal, the implementation details (cycle, cost, amount) and the return that the proposal will bring.

Darwinia Network Storage Key Points

Coin BasicInformation
Coin NameDarwinia Network
Short NameRING
Circulating Supply512,765,763.15 RING
Total Supply2,139,288,321
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Powering the Darwinia Network

The native tokens for Darwinia Network are RING, KTON. KTON is a derivative commitment token of RING, which encourages long-term involvement. After the proposal is approved by the management committee, there will be a 14-day publicity period. If more than one-third of the profitable nodes are opposed during the publicity period, the proposal can be rejected. If the proposal is not rejected during the publicity period, the system will automatically issue the award to the applicant’s account on a monthly basis after the publicity period.

Faster and Easier User Experience

Darwinia Network can bring users a very high-quality experience, including very low transaction fees and ultra-fast transaction confirmation speed. During the reward payment period, the management committee and the profitable nodes are greater than one-third of the veto, and the proposal award can be suspended. After the proposal has passed the publicity period, the proposer will get the EOSC tokens applied for in the next block award to implement the proposal content.

User-driven Network Governance

Darwinia Network has a sound governance system where all token holders can submit proposals. Upgrades to the network are coordinated on-chain and enacted autonomously, ensuring that Darwinia’s development reflects the values of the community and avoids stagnation. Protocol mission is to reduce or remove transaction fees, promote open and transparent commerce, redistribute value more fairly to buyers and sellers, and empower the 2 billion currently unbanked individuals around the world to participate in digital marketplaces.

Cross-chain Interoperability

Darwinia Network provides an entrance to the Polkadot ecology for projects that have been deployed on public blockchains such as Ethereum and BSC. Protocol is building a platform that enables the creation of many decentralized marketplaces, allowing buyers and sellers to connect and transact directly on the blockchain. The company is building a set of protocols, developer libraries, and a decentralized application using the Ethereum blockchain and IPFS, with an initial focus on disrupting sharing economy marketplaces.

Smart Contract Solution

Darwinia Network Smart App is compatible with the Ethereum virtual machine, and supports DApps such as Defi and NFT, which can be easily migrated to Polkadot. Protocol is building a platform that enables the creation of many decentralized marketplaces, allowing buyers and sellers to connect and transact directly on the blockchain. The company is building a set of protocols, developer libraries, and a decentralized application using the Ethereum blockchain and IPFS, with an initial focus on disrupting sharing economy marketplaces.

Darwinia Network mission is to reduce or remove transaction fees, promote open and transparent commerce, redistribute value more fairly to buyers and sellers, and empower the 2 billion currently un-banked individuals around the world to participate in digital marketplaces.