Duality is set to release a string of products built upon BDAP (Blockchain Directory Access Protocol) and the DHT (Distributed Hash Table), utilizing the utility token of Dynamic (DYN) and its blockchain.
Duality is positioning BDAP to compete directly against open source LDAP (Lightweight Directory Access Protocol) solutions, such as OpenLDAP which currently thousands of companies worldwide utilize. BDAP will allow these companies to streamline their processes, eliminate downtime and dramatically reduce costs without remodeling or rebuilding.
With the BDAP SDK(Software Development Kit) developers will be able to create their own dApps (decentralized applications), fueled and built upon the Dynamic (DYN) blockchain; with more power, flexibility and control than is offered by any other blockchain or cryptocurrency.
There is an initial cost in Dynamic (DYN) to register an entry on the blockchain, which gives it access to the DHT and a time-period whereby it is valid. Prior to, or after the entry expires, it will need re-registering with further payment in Dynamic (DYN) for continued use. Dynamic (DYN) is directly tied into each dApp and fundamental for fueling its functionality. With companies holding multitudes of entries on databases, moving these entries to the DHT via BDAP comes with a cost, albeit minimal, that cost is in Dynamic (DYN).
BDAP will not only support dApps built upon the public main network of Dynamic, but also any dApps built upon BDAP sidechains. Sidechains can be run by organizations or developers independently from the main network and Duality will be offering setup and deployment services of sidechains as part of our BaaS (Blockchain as a Service) solutions. These cloud-based sidechains will include a private network of Dynodes and DHT for you to run your very own sidechain dApps. Duality will also offer custom binaries that are needed to connect to your sidechain if you only want to permit access to authorized users and tighten the security of the sidechain. Your custom binary can be deployed on your current Virtual Desktop Infrastructure (VDI) so that it can be integrated with your other enterprise applications.
The public main network DHT is hosted by public main network Dynodes and requires ‘dApp code certificates’ to be bought and registered on the blockchain for DHT entries to be accepted. Sidechain dApps are controlled by their developer (with their own self-hosted Dynode network) who can issue sidechain dApp codes. In future BDAP versions (in addition to our DHT) other decentralized data stores will be available, such as large blob storage (IPFS or BitTorrent based), and fast NoSQL databases.
Dynamic (DYN) Dynodes & Mining
The 2nd tier network of Dynodes performs crucial verification functions and operators are rewarded periodically with Dynamic (DYN) payments for their work and availability. Currently, there are over 1500 active Dynodes on the network with payments being periodically received roughly every three days.
Miners can get involved also, we have Nvidia and AMD standalone miners available on our GitHub, and mining pools awaiting your registration. When Dynamic v2.4.0.0 is released, you will also be able to mine standalone with your Nvidia or AMD GPU (Graphics Processing Unit) within the Dynamic Daemon & Qt.
For those that are looking to acquire Dynamic (DYN) for utilization of dApps, BDAP registration entries, the SDK, or reach 1000 Dynamic (DYN) to run their very own Dynode, head on over to Bittrex, BlockNet, CryptoBridge or CoinSwitch to get your hands on Dynamic (DYN) today.
Useful Links
Markets
Bittrex DYN/BTC Market — https://bittrex.com/market/index?marketname=btc-dyn
CryptoBridge DYN/BTC Market — https://wallet.crypto-bridge.org/market/BRIDGE.DYN_BRIDGE.BTC
BlockNet DYN/BTC Market — https://blocknet.co/
CoinSwitch Market — https://coinswitch.co/coins/dynamic
Github Links
AMD Standalone GPU Miner — https://github.com/duality-solutions/Dynamic-GPU-Miner-AMD
Nvidia Standalone GPU Miner — https://github.com/duality-solutions/Dynamic-GPU-Miner-Nvidia
Dynamic GitHub — https://github.com/duality-solutions/dynamic
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