Stellar Blockchain was chosen because it has high speed in processing transactions, low transaction fees, managed by non-profit organizations and has strong fundamental system.
DraculaCoin (DRA) is a Proof-of-Work cryptocurrency that operates on its own blockchain. In simple terms, it's a digital coin where new coins are created by miners solving computational puzzles, similar to how Bitcoin works. It's designed as a decentralized peer-to-peer currency without a central authority controlling it.
DraculaCoin (DRA) is an independent cryptocurrency with its own blockchain, not a token on someone else's network. Like Bitcoin, it uses Proof-of-Work, but it's a separate project with its own community, branding, and network parameters. The main practical difference is that it's a much smaller and less widely known coin.
DraculaCoin runs on a Proof-of-Work (PoW) consensus mechanism, meaning miners compete to validate transactions and add new blocks by solving computational problems. This makes the network secure without needing a trusted third party, since altering the ledger would require redoing an enormous amount of computational work. Transactions are recorded on a public blockchain that anyone can verify.
New DRA coins are issued through mining: as a reward for successfully adding a block to the blockchain, miners receive newly minted coins. The emission schedule is defined in the coin's protocol and can't be changed unilaterally by anyone. This makes the supply predictable and transparent, unlike fiat currencies that can be printed at will.
DRA is stored in a cryptocurrency wallet that supports the coin — typically the official wallet provided by the project or a compatible desktop wallet. You use a wallet address to send and receive coins, and you control your funds with private keys, so keeping backups of those keys is essential. Always download wallets only from official project sources to avoid scams.