[Recap] AMA with DOM Chain Global Ambassador Jonah Schulman (June 19, 2021)
Q1: What is DOM Chain?
A: DOM Chain is an advanced public chain that provides the underlying architecture for the development of parallel chains. On the advanced network of DOM Chain, multiple parallel cloud public chains can be deployed at the same time. Each chain can develop an independent DAPP, which can support rich ecological applications in a variety of industries.
Q2: What makes DOM different from other projects?
A: The underlying system of the DOM public chain blockchain is the world’s most advanced public chain project with a multi-chain (cloud public chain) architecture. Multiple cloud public chains can be expanded on the DOM public chain blockchain. Each cloud public chain can independently develop DAPP, build a diversified application ecology, and realize the cross-chain interchange function between multiple chains.
Q3: Does DOM Chain solve the scalability problem of Ethereum?
A: Yes, it does. DOM Chain has an independent para chain infrastructure, which runs in the ecosystem but does not interfere with the main network
Q4: When will the mainnet go live?
A: Tentatively scheduled for sometime in July
Q5: How do you maximize privacy?
A: The DOM Chain uses a proxy re-encryption scheme, combined with the deposit certificate contract, to realize the encrypted storage and dynamic sharing of private data.
Q6: Will developers be allowed to build on DOM CHAIN Ecosystem?
A: Developers can build a powerful DApp and multi-chain ecology on the DOM Chain to jointly maintain the development of the DOM Chain system.
Q7: Which languages do you use?
A: There is a suite of programming languages used in DOM Chain’s development. A few examples include Use G language, Python, C++, and Solidity.
Q8: What is one of the main goals of the DOM Chain and why?
A: Real DEX governance returns power to people to make rules. We believe the power should be decentralized, not in the hands of one entity or individual
Q9: Compared with ETH and BTC, what is the average transaction fee of DOM Chain?
A: DOM is $.01. ETH is $10. BTC is $10!
Q10: What is para chain development?
A: Parachains are native blockchains that rely on the main chain to provide security and communicate with other relay chains. These chains share the SPOS consensus of the DOM public chain, so as to realize the low-cost deployment of a highly credible cloud public chain system.