Blockchain

Interview with SilkNetwork soon to be rebranded into Duality Blockchain Solutions

Published

7 years ago

1 March 2017

Q: What can you tell us about your currency?

First SilkNetwork will be rebranded into Duality Blockchain Solutions – ‘DBS’. DBS will feature two public blockchains of which one will act as a currency while the other as an asset. The difference is in the way their respective market capitalisation expands and contracts. An asset assumes a stable supply with price fluctuations in accordance to demand, whereas a currency varies in supply with respect to demand but keeping a more or less stable price point.

The two blockchains Dynamic(DYN) – previously DarkSilk(DSLK), and Sequence(SEQ) – previously Silk(SLK) will be used by DBS as a means to provide BaaS(blockchain as a service) to the market. The future offers many opportunities to which DBS can fulfill a specific role.

Q: What type of services exist or can we expect in the future?”

NoID is the first that comes to mind. You can read up on it through our white paper, we also just released two information videos One & Two

Second we will offer a platform called Weaver, its main purpose is to regulate the price of Dynamic through automated trading. To maintain a stable price on Dynamic the supply needs to be carefully managed, Weaver will integrate a stability mechanism that is fueled by our BaaS business process.

Third, Dynamic offers a way to earn a stable return on investment through its Dynodes – previously branded as Stormnodes. Dynodes earn a 0.382 reward per block at a block time of 64s.

Finally we offer two great consumer/client wallets for those that want to use Dynamic as a currency in daily life or Sequence for those wanting to passively investing long term.

Q: Are you targeting the consumer or Business Market? If so, how does the business model work?”

We will be targeting the business market with our DBS-services, while Weaver focusses on the consumer market. Our DBS-services are pretty straight forward. We will offer services that could benefit society in specific areas for instance the healthcare market, governance or by aiding in business information flows. The services will run by the use of tokens from the public chains of which we regulate the supply.

Q: What are the details around the most important project you’re working on currently?

Again we would like to direct you to the previously mentioned white paper & videos.

Q: How does the competition compare?

We are focussing on our own developments and strengths, the fintech industry is heading into a new direction with blockchain technology, therefore a blue ocean strategy is appropriate.

Q: The market has many players, what differentiates you?”

We have have two and half year track record, there is a certain amount of grit to this project that is rare to find.

Q: could you tell us more about your achievements in this?”

It’s all in our current slogan: “The camel marches on!”.

Q: could you tell us more about where you see Blockchain technology in the future?”

Blockchain technology will enter in all kinds of fields not only fintech but it will permeate our lives in ways we cannot even conceive at this point. This is why we are bringing Duality Blockchain Solutions, we want to take a leading role in the revolution to come – disruption awaits.