Doric NetworkPrice

(DRC)

Doric Network (DRC) is the native cryptocurrency powering the Doric blockchain. It functions as a settlement mechanism for decentralized applications (DApps) developed on its infrastructure. A primary goal of Doric Network is to enable the tokenization and fractionalization of real-world assets, such as enterprises and properties. This process aims to significantly enhance asset liquidity and unlock new business opportunities by making ownership more accessible and divisible.

Doric Network addresses several key challenges. Firstly, it aims to eliminate intermediaries in asset transactions, particularly for real estate, by enabling direct negotiation between buyers and sellers. This can streamline processes and reduce costs. Secondly, the network focuses on facilitating efficient global payments. Lastly, a crucial objective is to ensure the legal recognition and acceptance of its smart contracts by integrating with established organizations and notary offices, providing a secure and legally compliant framework for tokenized assets.

DRC serves multiple essential functions within the Doric Network. It finances the ongoing development of the ecosystem's infrastructure and tools, including platforms like DoricScan, DoricMaster, and the DoricWebWallet. DRC also acts as an incentive mechanism to encourage the growth and expansion of the ecosystem. Furthermore, it functions as a long-term, decentralized governance instrument, empowering its holders. Crucially, DRC is the primary medium of exchange within the network's trading environment, facilitating the buying and selling of fractionalized tokenized properties.

Doric Network distinguishes itself through several unique features. Its core focus is on asset tokenization, making it easier to represent real-world assets on the blockchain. The platform offers a user-friendly token creator, allowing individuals to tokenize assets without needing programming expertise. For security and convenience, it provides a secure Doric Original Wallet with reliable backup options and comprehensive transaction history. Additionally, Doric Network implements an incentive program specifically designed to support and encourage projects and developers building within its ecosystem.

Doric Network employs its native technology stack rather than relying on existing standards like ERC-20. Its native coin, DRC, operates on the proprietary DRC01 Protocol. For its operational efficiency, Doric Network utilizes a Proof of Authority (PoA) consensus algorithm. This choice of consensus mechanism is critical for achieving faster transaction speeds and ensuring enhanced network scalability, which are essential for supporting its asset tokenization and payment functionalities.

Yes, Doric Network offers significant compatibility, particularly with Ethereum. It fully supports EVM-compatible smart contracts, which means that any smart contract originally developed for Ethereum can be seamlessly ported and deployed on the Doric Network. This interoperability is a major advantage, enabling developers to leverage existing codebases. Furthermore, this compatibility facilitates the creation of hybrid decentralized applications (dApps) that can integrate and utilize functionalities from both the Ethereum and Doric Network ecosystems.