The Internal Beta Test of the Datamall Chain test network marks a milestone

It is reported that the Datamall Chain test network has completed its technical development and will be put online for internal beta test at 20:00 p.m. California time on January 31, 2022. This internal beta test will mainly complete three key performance evaluations: blockchain browser development, DMC wallet plug-in development, and ABO (Asset Buyout) contract development and deployment. With this round of internal beta test, a starting flagpole will be effectively erected for the construction of DMC's global storage ecosystem map.

The Existential Significance of DMC

As the underlying platform of an open source blockchain open to users worldwide, Datamall Public Blockchain aims to enhance the construction of next-generation Internet infrastructure Web3.0 and promote the development of blockchain technology. To achieve this goal, the first thing to do is to make up for the existing short board in blockchain storage. This is the very existential significance of DMC. The currently booming NFT transactions can transfer and segment ownership and share profits through smart contracts. In essence, this series of operations is predicated on the transmission of NFT data. However, the centralized transmission system is by no means a long-term reliable way to perform the task. That is why Filecoin has designed a decentralized storage market, but it is in growing conflict with other incentive-bearing DHT storage systems which store and use defective data, thus causing prominent incentive mechanism contradictions. The storage market now urgently needs a new incentive mechanism to match up with it.

The Core Optimization of DMC

DeFi's "matchmaking list", also known as the consensus list, is the source of ideas for improving the core of DMC. The matchmaking list will match the storage needs released by the storage demander and the storage supplier according to the rules. The matched party and the supplying party must provide "storage delivery proof" to get incentives. In case of oversupply or undersupply, DMC's new mechanism will provide more "hanging order" liquidity incentives for the party suffering shortage. This is the decentralized storage exchange of DMC.

Ecologically, DMC absorbs the best of DeFi's design philosophy, and provides more secondary financial tools. It establishes a mortgage credit ecosystem adapted to the storage market and a mortgage LP profit sharing mechanism, so that large storage suppliers, small storage suppliers, long-term token holders and token investment institutions all can have a comfortable zone in the financial ecosystem of DMC and realize their common value.

Technically, DMC supports not only the "space-time proof" on the traditional chain, but also the offline "storage service proof" of CYFS-based flash payment. Service proof technology has put forward the theory of shared cloud computing. In line with the principle of "matters are only put on the chain when there is dispute". In more than 90% of the normal delivery scenarios, no handling charges will be needed, thus truly reducing the cost of decentralized storage and improving the speed of delivery. Moreover, the CYFS underlying protocol includes an OOD addressing-based decentralized storage delivery protocol, which solves the delay problem of DHT-based decentralized storage systems.

Future Possibilities on the Pipeline

Currently, DMC's Level 1 Protocol is already compatible with the Filecoin Protocol. Design compatibility will be achieved with more decentralized blockchain storage projects, such as Arweave, Sia and Storj in the future. As more participants join, storage cost falls and the reward mechanism is optimized, user stickiness will increase further, thus promoting the benign cycle and vigorous development of the DMC ecosystem. In the future, multiple decentralized cloud storage products are expected to emerge in the DMC ecosystem. The upcoming internal beta test only marks a beginning, and future possibilities look much more exciting. Eventually, a sound decentralized Web3.0 storage trading ecosystem will be established.