District0x was founded in February 2017 by Joe Urgo and Matus Lestan. District0x is a platform that allows users to rapidly establish their own decentralized platforms that are managed by a decentralized autonomous organization (DAO) framework. It is billed as a network of decentralized markets and communities.
District0x was designed to address some of the inefficiencies associated with the creation and operation of distributed community marketplaces.
The DNT token is an ERC-20 token. As a result, it is protected by the Ethereum blockchain. This uses a proof-of-work (PoW) consensus technique to ensure the network is safe against assaults as of January 2021. When Ethereum 2.0 is released, it will be secured using a proof-of-stake (PoS) network, which will provide equal levels of protection against assaults at a reduced energy cost.
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