Hello and welcome to this blog post about District0x DNT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the District0x DNT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the District0x (DNT).
I can ensue you that, you will be able to understand every bits and pieces related to District0x (DNT) after going through the District0x DNT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
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District0x DNT White Paper
District0x DNT white paper will be going to provide you, all the information that is needed to get started with District0x (DNT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by District0x (DNT).
In this paper, we offer an overview of the district0x Network, a collective of decentralized marketplaces and communities, hereafter referred to as districts. Districts exist as decentralized entities, built upon a standard open source framework comprised of Ethereum smart contracts and front-end libraries, hereafter referred to as d0xINFRA.
d0xINFRA provides districts with core functionalities that are necessary to operate an online marketplace or community. Namely, the ability for users to post listings, filter and search through listings, rank peers and amass reputation, and send invoices and collect payments.
The d0xINFRA framework is designed to be open and extendable, allowing districts to be customized and granted additional functionality through the use of auxiliary modules. We also introduce the district0x Network Token in order to facilitate open participation and coordination across the network while providing protections from malicious actors.
The district0x Network Token is a multi-utility token which is required for application to the district0x Network, utilized in an incentivized voting game to dictate access to a suite of ancillary services exclusive to network members, used to signal support or disapproval for proposals made by network participants, and which can be staked to deposit pools to mint tokens providing district-specific rights on third-party platforms.
White Paper Link: District0x (DNT) White Paper
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