whatisduality

What is Duality?

Duality provides organisations with exceptionally secure data storage, validation, and verification.

Unlike conventional data services, our products are based on blockchain technology. We are passionate about bringing the outstanding benefits of distributed computing to data management for businesses across all sectors.

Our passion has driven the innovation of fully-tested business products that outperform traditional services in terms of privacy, security, and costs. Because we understand that blockchain is a new technology, Duality offers highly attentive and accessible before and after-sales support.

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Reliable

With no servers, applications/systems never go down.

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Secure

Data breaches are virtually impossible and immediately traceable.

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Low Cost

Eliminates the need to pay trusted third parties to host your data.

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Scalable

Blockchain and distributed computing support an indefinitely large amount of data.

How do we use blockchain?

Our data storage and management products are supported by the primary blockchains of Dynamic and Sequence.

They store and verify data automatically via a secure, shared ledger. We developed Dynamic and Sequence specifically to help organizations reduce resourcing requirements and directory maintenance costs, and to eliminate the need to employ trusted third parties for hosting and managing data.

whatisduality

Infrastructure

Solutions

Industries

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Business Services

Connecting multiple parties privately and securely, minimizing opportunities for errors, and saving time and costs associated with third parties.

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Security

Providing outstanding security, transparency for consumers, better services and fast peer-to-peer transfers.

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Supply Chain

Preventing counterfeit products and tainted supply chains, while providing damage detection and accurate tracking.

healthcare
Healthcare

Improving healthcare records storage and management, and ensuring correct patient identification.

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Education

Exceptionally reliable student records storage and management, with secure, easy transmission between affiliated schools and colleges.

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Legal

Helping law professionals and individuals draft contracts, securely record transactions and verify legal documents.

Our Team

Our international team includes business software experts and technologists working at the leading-edge of the blockchain movement. We are united by an understanding of the natural fit between blockchain and data management, and are committed to bringing decentralized computing to mainstream organizations.

Researched and developed with the needs of commercial enterprises and public entities in mind, Duality’s suite of integrated products directly replaces conventional business software. We are also bringing to market entirely new solutions made possible by the unique capabilities of blockchain technology.

Frequently asked questions

The Duality platform currently provides registered users an area with online wallets (Dynamic, Sequence and Bitcoin) and live market prices presented in graph format. In the near future, updates will allow the ability to export your transaction history into CSV/PDF, hosting for Dynodes, atomic swaps between Dynamic and Sequence, and access to your account via a secure API. The Duality platform will act as a portal for all BaaS (Blockchain as a Service) products provided by Duality.

Go to our platform and click on 'Register' on the top right. Follow the instructions accordingly. For more information with regard to our KYC policy, please click here.

The online wallets of the platform do not currently allow this, however, in the near future, updates will add the function for users to backup their wallet/private keys.

Dynamic (DYN) uses a PoW (Proof of Work) consensus algorithm which allows users with powerful CPUs and GPUs to acquire DYN, and has a second layer of incentivized nodes called Dynodes which are ran in order to validate blocks and transactions. BDAP and dApps created by Duality are also ran on the primary blockchain of Dynamic. Sequence (SEQ) uses a PoS (Proof of Stake) consensus algorithm which allows users that do not have powerful CPUs or GPUs to receive rewards. In upcoming updates Sequence will be supported within dApps provided by Duality, and will provide data redundancy of BDAP entries and checkpoint timestamps for Dynamic.

Dynamic uses the scalable Argon2d algorithm, which is designed to be highly secure due to being memory intensive, meaning the algorithm is hard work for the integrated memory of mining devices (CPU or GPU).

Dynamic uses Digishield V3 to retarget the difficulty of mining as miners join or depart. Digishield V3 produces highly balanced results, and protects against multi-pools.

Digishield V3 retargets the difficulty of mining on each block.

Once the transfer is sent, it takes ten blocks for it to fully confirm on the Dynamic blockchain.

Currently the reward rate is one Dynamic, but this can be controlled with Fluid Protocol, which would change the reward rate within two blocks.

Dynamic can be mined by using your CPU or GPU. Simply download Dynamic and once fully synced with the network you can select the Mining tab and begin. If you have an Nvidia or AMD GPU and you wish to mine using it, select the standalone GPU Miner from downloads based on the manufacturer of your graphics card.

Dynodes are enabled by assigning 1000 DYN to a specific address and “locking” them, making them unspendable while running a Dynode. Each Dynode is rewarded a static amount of Dynamic (DYN) during the time it is enabled and active. This yields a consistent amount that are rewarded versus mining Dynamic, which would require more costly hardware in order to mine blocks and receive rewards, also mining does not guarantee a steady yield percentage.

The number of Dynodes can be seen by utilizing the 'dynode count' RPC command in the CLI or Qt version of Dynamic, and via the 'Information' tab in the 'Tools window' of the Qt version. The block explorer also lists the number of Dynodes.

To run a Dynode you require exactly 1000 Dynamic.

We try to keep the reward rate above 14.6% per annum. As the amount of Dynamic in circulation increases Duality will amend reward rates to keep the ROI in check.

The reward time of incoming Dynode rewards will fluctuate based on the number of Dynodes on the network. Given that the Dynode rewards are distributed with each mined block of Dynamic, we can estimate the approximate reward time by dividing the number of enabled Dynodes by the blocks produced daily, which is 675. This will yield the approximate number of days per incoming reward, e.g. 2000 Dynodes / 675 Blocks a day results in a reward approximately every 3 days. Please take into account that new Dynodes will take around 3 further days to receive their initial reward on top of the time calculated using the above formula.

To start your Dynode you must wait for your collateral transfer of 1000 DYN to have 17 confirmations.

To setup a Dynode you can either follow our Dynode Setup Guide, if you are having issues come and join our Discord where we will be happy to assist.

The minimum transfer fee is 0.0001 Dynamic.

The size of a block on the Dynamic blockchain is a maximum of 4MB.

The total number of Dynamic that could end up in circulation after millennia is 263-1 or in other terms 9,223,372,036,854,775,806.

Fluid allows Duality to make crucial changes within minutes to blockchain parameters, without the need for users to change the software they are using or interrupt the network.

Sequence uses Blake2b, which has been adopted by many projects due to its high speed, security, and simplicity. Blake2b is optimized for 64-bit platforms—including NEON-enabled ARMs.

The difficulty retarget algorithm of Sequence is based upon that of Bitcoins and does not have a specific name as such. It provides balanced retargeting to the stake mining difficulty.

The staking difficulty retargets every 10 blocks.

It takes a total of 10 blocks after the transfer is sent for it to fully confirm on the Sequence blockchain.

Proof-of-Stake (PoS) is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In Proof-of-Work (PoS) based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e. the stake). In contrast, the algorithm of Proof-of-Work based cryptocurrencies such as Dynamic use PoW mining; that is, the solving of a computationally intensive cryptographic problem which allows a node to find the valid result for a given difficulty. This validates transactions by accepting them into newly created blocks.

Please see the Sequence Staking Guide for more information.

You can choose to stake as much as you wish, however, the more Sequence you have, the higher your chance of receiving a PoS (Proof-of-Stake) reward. We suggest to have a minimum of 1000 Sequence.

This depends on your stake weight. Take into consideration that there are about 45mm Sequence in circulation and about 1350 blocks created each day.

To configure Sequence to stake optimally it is advised to follow our Sequence Staking Guide, if you are having issues come and join our Discord where we will be happy to assist.

The minimum transfer fee is 0.001 Sequence.

The size of a block on the Sequence blockchain is a maximum of 4MB.

The total number of Sequence (SEQ) that could end up in circulation after millennia is 263-1 or in other terms 9,223,372,036,854,775,806.

USERS MUST COMPLETE AT LEAST BASIC REQUIREMENTS TO ENABLE WITHDRAWALS

Stage 1 (Basic) Requirements: Name, Address, Date of Birth, Country

Stage 2 (Enhanced) Requirements: Document ID (passports, license, other forms of ID pertaining to the country you live in

Stage 1 (Basic) Withdrawal Limit: 0 BTC per day

Stage 2 (Enhanced) Withdrawal Limit: 100 BTC per day

STEPS FOR KYC COMPLETION

1. Please log into the Duality Platform located at: https://platform.duality.solutions

2. Click on “Account”, then “Get Verified” on the left hand side menu bar.

3. Fill out the KYC information. First Name, Last Name, Date of Birth, Address and Country, then click “Next” and click the “Submit” button. STAGE 1 (BASIC) IS NOW COMPLETE.

4. You will receive an email from [email protected], please be sure to check your SPAM folder for this email. You will need to click “Click Here to Start Your Background Check” in the email from Onfido.

5. Fill out the first Onfido form including First Name, Last Name, Date of Birth and Contact Information, then click “Save and Continue”.

6. Fill out the second Onfido form including Country and Address, then click “Save and Continue”.

7. Another page will pop up and if all your information is correct, click “Save and Continue”.

8. Upload a clear picture of your Passport, license or identification depending on your country and click “Save and Continue”.

9. On the last page verify everything is correct and click “Confirm”.

10. STAGE 2 (ENHANCED) IS NOW COMPLETE. (You will need to wait approx. 24-48 hours for the verification process to complete, in which your Duality account will notify if approved).

11. Please note, some countries may not be available for KYC. If your country is not listed, you will not be able to obtain any stage of KYC verification.

Contact

Chat with our team about how Duality can help your organization.

All rights reserved. Copyright © 2018-2019 Duality Blockchain Solutions LLC. All materials contained in this document are protected by copyright, trade secret, and/or other intellectual property laws and international treaties and may not be reproduced, published, distributed, transmitted, displayed, performed, broadcast, or otherwise exploited in any manner, in whole or in part, without the express prior written permission of Duality Blockchain Solutions LLC. This notice is not an admission that this document or any contents hereof have been published within the meaning of applicable law. The Duality, Duality BLOCKCHAIN SOLUTIONS logo, and THINK INSIDE THE BLOCK marks are trademarks or registered trademarks of Duality Blockchain Solutions LLC. Other marks are trademarks or registered trademarks of their respective owners