Datamall Coin (DMC) is rapidly emerging in the Web3 industry and becoming an emerging leader in the decentralized storage field of the DePIN track. Through innovative technologies such as the CYFS protocol, the DSG protocol, and the DMC protocol, DMC is rewriting the new era of data rights confirmation and sharing, and establishing a free, decentralized multi-chain storage network. This network not only challenges the traditional data storage model, but also provides a revolutionary way to store, retrieve, and distribute data through advanced incentive mechanisms, laying the foundation for building fully decentralized dApps.
Technological innovation: CYFS protocol leads the new era
DMC introduces the new CYFS protocol, as the next generation of decentralized technology, it promises to realize a completely decentralized and free Web3 world by upgrading and replacing the traditional Web basic protocols (TCP/IP+DNS+HTTP). The CYFS protocol combines the advantages of HTTP and IPFS, and realizes data rights confirmation and a more efficient retrieval process by giving each system participant a unique Device ID (DID).
Practicality and feasibility
DMC's technical advantages are not only theoretical, but its practicality and feasibility have also been verified. DMC has successfully recruited miners and attracted miners with storage resources to become storage suppliers. Currently, the total effective storage space of the DMC network has reached 92,766 TB and continues to grow. DMC has also established cooperative relationships with partners such as Wikipedia and the Immerex Virtual Reality Laboratory of the University of California, Berkeley.
Technological innovation promotes blockchain storage ecology
DMC is not only committed to its own technological development, but also to promoting the progress of the entire industry. Recently, DMC's technical team submitted the ERC-7585 protocol to Ethereum, which aims to enhance the verification of public data storage. The protocol will have a significant impact on the way blockchain data is stored and verified, especially its MixHash algorithm, which is expected to change the way data is stored and verified on the blockchain.
Introduction of real market supply and demand
DMC's economic model integrates the Nash consensus mechanism to establish a fair and decentralized data storage and trading market. In the market, prices are determined by pure supply and demand dynamics, aiming to achieve fair pricing for storage services. The DMC reward mechanism is specially designed to recognize participants who contribute to market consensus and ensure that the rights and interests of both supply and demand parties are treated equally.
Future prospects of the DePIN track
DMC's efforts in the DePIN track are not limited to technological innovation, but also include its efforts to introduce real supply and demand relationships in the market. Victor Chen, the founder of DMC, emphasized the importance of real supply and demand relationships in the decentralized storage track, indicating that DMC may drive more blockchain games, SocialFi and other projects to use DMC storage services in the future.
DMC is committed to building a decentralized physical system to promote real and effective data storage proof and Nash consensus model to the entire Web3. This means that DMC will promote the free circulation of storage value in the multi-chain ecosystem and conduct value discovery of data.
in conclusion
As a rising star in the decentralized storage field of the DePIN track, DMC's technological innovation and market application are bringing great changes to the Web3 world. Through DMC's efforts, we can look forward to a more free, decentralized, and data-rights-sharing digital world in the future. With the further development and application promotion of DMC technology, the decentralized storage track will usher in a leapfrog development, bringing more possibilities to the Web3 world.