DCS is committed to protecting the privacy and security of user data with various applications built on the platform.
Currently, DCS first developed a decentralized encryption identification system based on BSC (Binance Smart Chain) using Mix-ZK protocol technology. With its leaked code, transparent protocol, and auto-executed smart contract, it provides users with digital asset security and privacy solutions for a new decentralized, hidden, secure, intelligent, shared and mutually beneficial transaction model.
DCS proposed the Mix-Zk protocol, which combines the principles of “hybrid data structure” and “zero-knowledge succinct, non-interactive knowledge argumentation (zk-SNARK)” to improve network efficiency and increase network efficiency. network throughput, reducing the gas and time consumed by each transaction to a minimum. The Mix-Zk protocol guarantees the anonymity of users, the confidentiality of message transmission and the confidentiality of data structures.
Cryptocurrency has grown prosperously since 2008. The incredible gain made blockchain popular. And this is the period when the cryptocurrency was not applied. Cryptocurrency isn’t just a castle in the sky, it comes with DEFI apps. Blockchain has gone from being a hype to an app attempt, which has led the market to become more prosperous. Blockchain will be applied to a wider range of locations over the next ten years, and the DEFI infrastructure will be more complete and more suitable for actual use.
The biggest problem is its hidden transparency when blockchain is applied to real life. In the blockchain network, people can only find transfer records and other people’s address, but no one knows the other party’s address. But when someone’s address is associated with an identity, there is no confidentiality. Based on these pain points, DCS (Decentralizes Date Crypto System) was born.
When paying in cryptocurrency through the DCS platform, merchants cannot view the transfer address, balance and purchase items, etc., even if the merchant knows the exact customer. In the current situation where privacy concerns are escalating, the DCS Platform attaches great importance to privacy protection, which makes it unique in terms of application value. The above example of commercial payment is just one of the applications of the DCS platform.
DCS is committed to protecting the privacy and security of user data with various applications built on the platform. For example, when the smart contract processes bidding, DCS can prevent the bidding amount of both parties from being verified by anyone before the auction ends. And in many specific application scenarios, DCS can effectively protect participant information from leakage, such as anonymous voting, payment, charity, auction, medical care, file storage, etc.
Customers love the blockchain business application platform with low gasoline fees, high speed transactions, and high protection of user privacy and security. From the blockchain hype to the application of DEFI, the cryptocurrency market is now flourishing. When the next blockchain infrastructure matures, DCS will play a pivotal role in this boom.
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Name: William Su
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Organization: DCS Foundation
Source URL: https://marketersmedia.com/dcs-proposed-a-decentralized-cryptographic-credential-system-based-on-bsc-binance-smart-chain-using-the-mix-zk-protocol/89039107
Source: Marketers Media
Version number: 89039107