DasCoin. Crptocurrency Perfected! The end game and the Tesla of Crytocurrencies

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Dec 20, 2017
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Technologically formatted money has now become a reality and is poised to grow for generations to come. Bitcoin has been the pioneer in this emerging segment, and has showcased how it is possible to digitally format a money system – experiencing enormous success in the 8 years of its existence. Since its emergence, other cryptocurrencies have sprung up, but few have made real impact on the market.
The main point of impact has been the innovative technology underlying Bitcoin known as“the blockchain.” The blockchain is a tool that can verify transactions with minimal third-party involvement. The names of buyers and sellers are never revealed – only their addresses within the system-and these addresses can be further obscured. Blockchain technology is part of a category known as a mutual distributed ledger. “Mutual” refers to the fact that the nodes are
shared by the community, rather than owned by a central authority. “Distributed” refers to the fact that the nodes are divided among a number of locations. And “ledger” in that the system represents a sequential record of transactions.
Assembled together, the system becomes a tamper-proof, immutable record of transactions shared among a community of users and stored in multiple locations. The 2 dominant cryptocurrency models, “proof-of-work” and “proof-of-stake”, have significant weaknesses. Bitcoin’s proof-of-work model is a brutally inefficient system, and its decentralized structure leads to serious governance issues (as evidenced by the ongoing block-size debate). The proof-of-stake alt coins suffer from pre-distribution issues (“pre-mining” can distribute coins without transparency or justification) and an
inherent lack of validity (due to the “nothing at stake” problem).
Every system of value must establish a few fundamental elements. These include defining: initial money supply, initial distribution, basis of value, expansion/contraction mechanisms of the money supply, who controls the means of production, and the allocation of inflation (and/or allocation of credit).
DasCoin offers a hybrid structure to solve the issues associated with these economics-based elements. A private, permissioned blockchain architecture has been incorporated due to its enhanced security, inherent efficiency, and ability to scale more easily (due to deployment control).
Fortifying this secure foundation is the authentication of all users in accordance with banking-standard KYC (Know Your Customer) requirements and the implementation of a “hardware-required” digital wallet system. In addition, the DasCoin system integrates a powerful marketing mechanism which incentivizes growth through referral-based word of mouth promotion. The result is digital system of value that offers optimal security, world-class performance, and is poised for rapid global adoption by the mass market.
 
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