Dune Network (DUN) is a blockchain-based Web3 platform helping enterprises scale and grow. Blockchain technology benefits businesses in some ways. However, there are reports of cryptocurrencies being stolen. Very few developers design smart contracts that explicitly function to provide security. Mass adoption of blockchain technology becomes difficult while security stands out as a major concern. Dune Network seeks to create an independent blockchain strictly focusing on security and accessibility. The network is primarily built on top of Tezos software to create a secure and business-driven blockchain platform. As the whitepaper describes, Tezos is an open-source ledger that uses a secure programming language to deploy efficient smart contracts, known as Michelson. Dune Network wishes to provide an equipped ecosystem of tools, DApps, and technology features to support businesses in their innovations.
Dune Network functions as a multi-language blockchain. The network encourages developers to create smart contracts in various other programming languages to optimize the security standards of blockchain platforms. Dune Network features on-chain governance. Implementing on-chain governance is mostly restricted to software upgrades, fixing bugs, and other vital modifications. Dune Network intends to put humans, not software, at the center of projects run on blockchains.
DUN is the official token of the Dune Network. The cryptocurrency functions as a governance token within the network. For example, the Dune Council, responsible for managing the Dune Network, can decide on matters like protocol upgrades of the network software, community treasury, and allocation of grants to projects. Besides voting, the network encourages token holders to stake DUN tokens for additional revenues. Dune Network rewards users for delegating DUN coins to bakers. Baking, implemented by Tezos, refers to creating new blocks on the blockchain. Since Tezos utilizes the energy-efficient proof-of-stake (PoS) consensus mechanism to operate, the network rewards bakers for mining new blocks. Dune Network seeks to airdrop DUN tokens to attract more users from the Tezos community.
