4. Polygon Blockchain
Decentralized assets.
The Ditex Ecosystem, with its vision of enabling DITEX to become the “everyday business currency”, aims to be a system controlled and governed by its users, and not by a central entity. The blockchain, the technology on which cryptocurrencies such as Bitcoin or Ether are based, provides the perfect conditions for such an undertaking. The blockchain creates decentralized, secure, and transparent conditions, perfectly suitable to generate the public trust required for the Ditex Ecosystem to succeed.
The Ditex Ecosystem uses Polygon blockchain which is based on a proven set of technologies, the Ethereum protocol, one of the most established open-source blockchain protocols. Polygon is the second-level (L2) blockchain of the Ethereum network. This technology has been adopted and extended and provides the perfect foundation on which to build a rapidly growing ecosystem. It can even be used further to accommodate the requirements put in place for DITEX to become a cryptocurrency designed for everyday use.
One of the key features of blockchain is decentralization, but this technology also has other benefits:
• Security: It is much harder to hack a decentralized system, as there is no single point of failure.
• Resilience: A decentralized system can exist without requiring a central entity to run or administer it, making it resilient and autonomous.
• Zero-Trust: Users do not have to trust a central entity or organization; they only need to trust in the technology, which is open, transparent, and auditable.
• Transparency: Each transaction on the blockchain is verifiable and immutable, increasing trust in the system.
You can learn more about the capabilities and technical features of the Polygon blockchain on the main website at the link: https://polygon.technology/
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