Dynamic is a public blockchain that supports the Duality platform to scale the needs of the expanding crypto market. Duality is a decentralized application (DApp) building platform that allows developers to design, build, and interact with one another. Duality seeks to provide solutions for securing data storage and verification through public networks. Data is stored and verified automatically via a shared ledger supported by the two blockchains, Dynamic (DYN) and Sequence (SEQ). Thus, the DYN blockchain aims to help the Duality platform reduce directory maintenance costs and eliminate the need to employ third-party networks for hosting, administering, and managing data.
The blockchain implements a unique two-layered approach for securing the network. The first layer is a regular node of Dynamic called as Proof-of-Work Miners used for mining, verifying, and accepting request access to sidechains. Subsequently, the second layer is Dynode, used to incentivize, secure, and validate the network through proof of stake consensus that increases scalability, lowers maintenance costs, and helps maintain trust between the nodes rather than a central authority. Thus, the Dynamic blockchain functions as a highly redundant and available Application Programming Interface (API) framework to audit.
According to the Duality whitepaper, the platform is designed to democratize healthcare innovation. To achieve this, Dynamic ecosystem aims to offer tools and reference implementations to facilitate development, deployment, and adoption. These tools include Dynamic Explorer for correcting contracts and understanding the network performance and Dynamic Controller Wallet for developers to store the assets with built-in functionalities to enable APIs, smart contracts, and sidechains easily.
DYN is an open-source digital token with supply elasticity and facilitates the development of DApps. Users can mine the DYN token using their computer systems by simply downloading the Dynamic app. Also, users receive rewards in DYN for mining and validating to secure the network.
