DREP, a blockchain-based decentralised reputation system, aims to steer the way and send a positive “signal” to everyone in developing successful blockchain DApps. DREP Signal Lab aims to internally incubate several leading Reputation System, also known as DRApps (Decentralised Reputation Apps)
Anyone that desires to operate in blockchain industry, disrupt internet products, wants to catch up with the newest trend, happens to be researching and working with Android & iOS systems, and merely hopes to jumpstart their career. DREP will provide you an opportunity of deep-diving our white paper, unveiling and studying the blockchain technology, changing internet centralization, having one on one meetings with experienced developers, researching blockchain products, joining us part-time or full time ……
Blockchain is Transparent because each of the transactions which have ever happened on the network are publicly readily available for someone to download and verify using message signature, and also this acts as a safeguard against fraud as well as other malicious activities. Another feature of blockchain will be the decentralisation of authentication, with decentralised applications we no longer have to authenticate with a central server (VISA or Master Card), instead we authenticate using the blockchain itself. This offers a level of accountability and transparency that is certainly unprecedented. This is good for banking institutions in addition to people in social environments where they may be worried about their online security and privacy.
Blockchain is Decentralised within the sense that there is absolutely no single reason for failure on the network. If among the mining nodes is down, the network can carry on and operate and transactions can carry on and happen without problems as other nodes on the network is going to be available to verify the transactions. This is a huge difference to the way your neighborhood banks handle it, you will have a minimum of experienced it once that your particular bank would give you a message saying you can not send or receive money from as well as your bank account using this date to this date due to maintenance, system problems, etc.
The next problem with transferring money using your local bank is transactions could sometimes take lots of time to become validated and verified, that is if you are sending money to a person which uses a bank diverse from yours or if the transaction is happening on the weekends. Even though many people can get around these time limitations by just awaiting 1 or 2 days for the transactions to be confirmed, others specifically in business may find this quite problematic with their business cashflow and Payroll management. The good thing, blockchain solves most of these difficulties for us in a very easy and simple way. With blockchain we can now send and receive money to the person anywhere all over the world within a very short confirmation time as well as to get a hardly any cost.
DREP is always to create a strong Signal Social network. Sign up for Hackathon 2018, and crack the truth: ”How can users’ reputation be quantified and monetised through platform tokens, and decentralised across different internet platforms?” Participants get the chance to receive a prize money of 100,000 RMB , become part of DREP Signal Lab, and obtain a start-up investment from DREP Foundation. Join DREP Signal Lab, master the creation of blockchain technology, develop your first DAPP, and take gnlowe in building DREP’s reputation system. You may be given chances to contact Lead developers of DREP Signal, join DREP team and get invited being a special guest for DREP Signal offline forum.
DREP’s decentralised reputation network will officially open source to the community on Github. We will publish smart contract templates for token creation, build blockchain consensus algorithms, create a DRApp ecosystem. DREP will concurrently regularly update on the progression of our open source project. The better you contribute, the greater are the likelihood of you becoming the next blockchain technology expert.
Cryptocurrencies such as Bitcoin yet others have been the highlight in the news recently with prices fluctuating from records high to a few cryptocurrencies losing up to 50 % with their capitalizations within hours. This has caused plenty of uncertainty and raised many questions as to why there is certainly cryptocurrencies, why we need them and if they are going to ever last. In order for us to offer reasonable solutions to these questions, we have to first know what advantages do these cryptocurrencies offer us and just how they might change the state the entire world that we reside in today. I think that the audience reading this article do not have expertise in cryptocurrency and blockchain technology which is the technology that underpins Bitcoin and several other cryptocurrencies