DeltaChain — a public domain project, designed for the mass adoption of blockchain technology by enterprise users of any size. DeltaChain is intended to serve as the foundation for a resilient and scalable enterprise blockchain ecosystem, supported in part by new governance and economic models, as well as unique protocol enhancements.
About the DeltaChain project
DeltaChain helps to solve various problems. It is not created from scratch, it expands on some of the basic building blocks and provides innovative technical solutions, based on new management and economic models. DeltaChain is equipped with technical features, tailored to the real needs of enterprises, individuals and developers. The meta-transaction features inherent in the core DeltaChain blockchain protocol, such as multi-party payment, multi-tasking transaction, controlled transaction life cycle, transaction dependency, make the development more convenient for enterprise implementation.
Other features:
| 1 | With the BlockRef and Expiration transaction fields, users can set the processing or expiration time for a transaction if it is not included in a block. |
| 2 | Multifunctional atomic transactions allow developers to group payments, add multiple calls to various contract functions in one transaction and define their sequence. |
| 3 | Flexible schemes for delegation of transaction fees allow using the freemium model within a decentralized application for embedded users without any problems. |
The balance between decentralization and centralization ensures efficiency and transparency. A steering committee, elected by the community, as the governing body of the ecosystem, facilitates the adoption and execution of decisions ,supported by the governance mechanism in the network. The unique dual token system (DTC+DTHO) greatly helps to separate the cost of using blockchain from market speculation. Due to the correlation with the use of blockchain resources, the cost is more predictable when monitoring VTHO supply and demand. In addition, the Foundation's governance mechanism further stabilizes the cost.
Proof of Work mechanism
DeltaChain allows you to confirm work at the transaction level and converts the confirmed work into an additional gas price, which will be used by the system to get more rewards for the block generator that validates the transaction.
In particular, computational work can be proven through the Nonce and BlockRef fields in the transaction model. The command uses to denote the block number, indexed by the TX BlockRef field, and the block number that includes the TX. Ω stands for TX without Nonce and Signature fields, TX sender account address, basic gas price, hash function and RLP encoding function.
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