dock network credentials summary

Dock.io, which focuses on credentials to preserve information, had an outstanding 2021. The firm in 2021 was able to achieve most of its planned goals, providing users with top-notch offerings and experiences. Therefore, in this article, we will give you a summary of how are things going for this important protocol.

Dock Network released several features to boost adoption in the previous year before its mainnet launch in 2021. The platform, via an official blog post, noted that Dock Network in 2021 carried out several upgrades in its network.

Dock Network Updates 

In the first quarter of 2021, Dock focused on the migration of the existing ERC20 token for its mainnet token. This meant every holder of the ERC20 $DOCK tokens had to migrate their tokens before March 31st, 2021. Notably, 97.2% of the tokens according to Dock were migrated from the Ethereum network to Dock’s Network.

Also, in this period of time, Dock Network rolled out a public delegation feature which was an upgrade to its existing features. The new upgrade eliminated the need for the credential holders to present the “proof of delegation” mechanism during the verification process.

Moreover, it allowed credential verifiers to search for delegation details and enabled delegators to publicly attest to delegations. Furthermore, Dock tapped Subscan to allow token holders to view certain information which includes:

  • Important statistics of the network
  • Details of the blocks
  • Events, extrinsic, and transfers on the chain, among others.

Partnerships 

In addition to a successful token migration, Dock secured major collaboration for the growth of the network.

For example, Dock Network, in Q2 of last year, partnered with Xertify, a digital credentialing platform. The partnership focused on bringing decentralized credentialing solutions. As a result of the integration, Xertify was able to utilize Dock’s blockchain infrastructure and tools to issue W3C-compliant credentials.

Another important achievement is that Dock moved from a “Proof of Authority” network to “Proof of Stake”. The network noted that its team alongside validating partners such as Ovrhd, Everstake, Stakin, Ryabina, among others.

The network explained that the upgrade will further decentralize the blockchain platform and increase the number of validators on the network.

More About Dock 

In a bid to make the network easier to use Dock also unveiled a wallet app that is currently available on the App Store or Play Store.

The wallet app will enable $DOCK tokens holders to store, send, and receive $DOCK from their mobile phones. The app will also users plan Dock innovations directly from their mobile phones.

Also, it is important to mention that Dock Network co-sponsored a hackathon that focused on utilizing decentralized tech stacks. The hackathon had participants from US and India with every participant getting Verifiable Credentials from Dock.

Additionally, the platform reiterated that in 2020 the platform will provide more user-friendly features. Dock noted that it’ll partner with more blockchain platforms to boost its network and increase the utility of $DOCK.

$DOCK Price Update

Dock’s native token, $DOCK, at the time of writing has surged significantly and was trading at $0.0688 with an increase of its value at 1.7% in the last 24 hours.

Also, $DOCK has a 24-hour trading volume of $12 million and a total supply of 1 billion.

Moreover, join us on Telegram to receive free trading signals.

Above all, for more cryptocurrency news, check out the Altcoin Buzz YouTube channel.

1 COMMENT

  1. Nice article. It seems that Dock has a spark in the crypto world and will do much more in 2022. Hope to read more from you about Dock.

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