Dock is building a gateway to Web3 by providing simple solutions for businesses and developers to build, manage, and present digital Verifiable Credentials and decentralized identities using blockchain.
Dock provides credentialing technology that can be used to create cryptographically secure and instantly verifiable digital credentials, including workforce certificates, academic achievements, identity documents, and KYC checks.
Since 2017, Dock has been building Decentralized Identity and Verifiable Credentials (VC) technology, which will act as a gateway to Web3 in the future. We have been collaborating with organizations to adapt and innovate in the Web3 ecosystem by helping them understand the true ownership of their data and making their documents, certificates, and credentials become digital, tamper-proof, and instantly verifiable. Web3 is about data ownership and by using Dock’s technology, individuals can now truly own and control their most important documents and regain control over their data.
## What is Dock Blockchain?
Dock’s blockchain provides an open-source, decentralized, and low-cost platform for organizations and developers to build Decentralized Identity and data applications for the Web3.
Everyone using Web3 will need their own Decentralized Identifiers (DIDs) which are globally unique identifiers made up of a string of letters and numbers that is stored on the blockchain. DIDs enable people to securely sign-into websites and apps without revealing unnecessary information, fully own and control their digital identity, and prevent user tracking. The Dock blockchain serves as the entry point with a protocol layer for all things Web3. Their blockchain-based credentialing system complies with W3C standards.
Dock runs its own validator network and the blockchain is built on Substrate (which is the same framework used throughout the Polkadot ecosystem). It uses the consensus mechanism offered by Substrate, which is a hybrid as it separates block production and finality and achieves them through different methods. The blockchain has the same consensus and governance mechanism as Polkadot.
## Who are in Dock's Team?
The team is led by Nick Lambert and Elina Cadouri who come with a wealth of experience in the blockchain and data tech industry. Nick, CEO at Dock, has been working in the blockchain industry since 2011 and was the COO of one of the earliest companies working in the Blockchain space, MaidSafe. Elina, COO of Dock, has remarkable experience in the data network industry. Lead Developer Lovesh Harchandani is an expert in the Verifiable Credentials and Decentralized Identity industry creating one of the most innovative solutions at Dock.
## What are the utilities of Dock token?
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DOCK is the native utility on the Dock mainnet, it is used as:
1. An integrated payment mechanism for performing network operations including: the creation of decentralized identities (DIDs), issuing credentials, creating schemas and more.
2. Emission rewards for validators who provide their resources to the network by producing blocks and confirming transactions.
3. Decentralized governance, DOCK will be utilized to manage changes to the network. How the mainnet is run and by whom will be decided on by voting, and Dock tokens will be the mechanism by which members of the network will vote.
## How Many Dock Tokens Are There in Circulation?
Dock launched its mainnet on September 30th, 2020. DOCK has a fixed total supply of 1 billion tokens and at the time of writing around 800 million of these are in circulation with the general public. 150 million tokens were set aside at the launch of the network to be distributed as emission rewards (to the treasury and validators) over the next 15 years. The remaining tokens are held by the Dock treasury and will be used to fund the ongoing development, marketing and adoption of the network.
How to Buy DOCK on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing DOCK. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing DOCK.
Step 5: Purchase DOCK
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of DOCK you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy DOCK.
Step 6: Store Your DOCK
After purchasing, you can choose to store your DOCK in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and DOCK assets, be sure to use a strong password and enable two-factor authentication.
DOCK Price:The price fluctuates daily, and as of March 30, 2024, the highest price for DOCK was $0.2427.
Recommended Similar Coins: LEET, GENO
Recommended Exchanges for Trading: LBNK、Binanen、Kraken