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What is Dragonchain?

Dragonchain (DRGN) is a hybrid blockchain created in 2014 with an aim to provide a platform for small business and developers. Originally developed by the Walt Disney Group in Seattle, DRGN allows for integration with other blockchains and legacy blockchains via their Interchain system.

  • Dragonchain has been used for a range of real use cases with it’s most recent use case in 2020. Medek Health launched Covid SafePass utilising the Dragonchain network in an attempt to assist with Digital Health Policies and Public Health Solutions for COVID-19.
  • Dragonchain aims to be highly scalable and flexible. The DRGN network has demonstrated it can average up to 1500 transactions per second. As well as this, there are specialised solutions built on top of the open source platform. These include Den, decentralised social media, Lyceum, Training courses & certificates on chain, and more.
  • Dragonchain’s network is built on top of a level 5 node system. The aim of this is to provide a scalable and flexible blockchain that can also be interoperable between multiple different networks. The level 5 nodes are the public checkpoints to external blockchains, such as Ethereum or Bitcoin.

Dragonchain aims to be an enterprise and start up business ready platform, that was built to provide flexible and scalable blockchain applications and solutions.

How do I swap Dragonchain?

Enter amount to swap
Select the quantity of Dragonchain you would like to swap.
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Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Dragonchain

Why Should I Trade DRGN with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Dragonchain no matter what your trading experience is. Unlike other international and Australian Dragonchain exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Dragonchain with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Dragonchain how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Dragonchain?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Dragonchain for free.

Cold Storage

If you are holding Dragonchain as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Dragonchain. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Dragonchain. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Dragonchain has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Dragonchain is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Dragonchain exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Dragonchain & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Dragonchain safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Dragonchain portfolio here.
Yes! With CoinSpot you can convert your Dragonchain to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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