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Dentacoin (DCN) Introducing Blockchain to Dental Industry

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Dentacoin
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Dentacoin (DCN) was introduced to the cryptocurrency market in August 2017 and has since then climbed to the 57th position on the crypto coin rankings list of coinmarketcap.com. DCN has had a major rise of 50.51% (at the time of writing) since yesterday and the price shows nearly $0.001280 USD. The market cap of the crypto coin is above $416 million USD and the volume (24h) shows $4.85 million USD approximately. (As of 10th May 2018)

A little on Dentacoin (DCN)

Dentacoin is the first blockchain that aims to make the dental industry all over the world affordable by developing distributed ledger technology or DLT. The Dentacoin blockchain follows the decentralized, smart contract protocol of the Ethereum blockchain. It is also used to reward the patients, service providers through a system that encourages them to contribute towards the community. As stated in the white paper of Dentacoin, “Dentacoin chooses to reward those who contribute to trusted reviews, dental practice registrations and valuable feedback content for the industry. “The rewards are directly connected to the level of participation.” Those who participate will have the opportunity to buy DCN directly from the Dentacoin network and trade the coins. The main objective of Dentacoin is to provide quality dental care to at least 80% of the populous at a much lower rate.

The network plans to do so by eliminating the need of middlemen like insurance companies and handing over authority directly into the patient and doctor’s hands. This is an effective way of reducing the costs. The way to do this is to develop smart contracts directly between the dentists and the patients. This includes small monthly contributions to the dentists in DCN. The patients’ well-being has been prioritized here and this smart contract solution will provide proper dental care to the patients, eliminating the need to deposit high premiums to insurance companies. The patients can also earn rewards by writing “trusted reviews”. There is also the option of writing standard reviews where anyone can write them. To make sure that it is in truth a trusted review, the partner dentist will take the email address of the patient in the medical office before the treatment starts and a review request will be sent to the given email id. The patient will be able to access and post on reviews.dentacoin.com only through the provided link.

Properties of Dentacoin:

Dentacoin is a blend of logistics platform and financial tech tool. There is no intention of the team to make the Dentacoin token a medium for global payments, unlike other peer to peer decentralized altcoins. Thus, it has often been observed as a non-competitive crypto coin that simply focuses on developing the global dental industry by incorporating blockchain technology.

  • Trusted and Standard review platform: The standard reviews section allows anyone to post a review but the trusted review section is only for the patients who have been treated by a dentist through this platform. The patient reviews are published in an unbiased way such the potential clients can get a true opinion of the platform and the services. The patients who have written reviews will be awarded DCN that they can use as a form of payment in their next visit.
  • DentaVox opinion platform: According to the official website of Dentacoin, DentaVox is “A WebApp for collective customer wisdom, which serves as an up-to-date market research data through questionnaires and rewards.” This is beneficial for the media, the manufacturers, the suppliers and the dentists.
  • Healthcare database: The Dentacoin network ensures a secure platform for data exchange and storage of medical records. The medical records can be accessed by the dentists only and by the patients who have been given exclusive permission to their own medical records.
  • Dentacare mobile app: This objective of this app is to “form long-lasting dental care habits through an intensive 3-month program in an engaging gamified environment.” (white paper) The app contains tutorials and has features like notifications, reminders and voice navigation that will the people to maintain their dental hygiene and build healthy habits. It also has an emergency function that enables the users to get immediate advice from the dental specialists registered on the Dentacoin network. The app is immensely beneficial for children and their parents can help them develop healthy habits through the Dentacare mobile app.
  • Dental assurance concept: Dentacoin shares its feedback platform with other value-creating solutions focused on dental care such that the solution reaches all the corners of the world. The dental insurance smart contract developed by the network will be active between the individual and their visiting dentist such to provide quality treatment at an affordable rate.

Recently, Changelly has listed Dentacoin (DCN) where DCN can be bought and exchanged with several other altcoins. According to Jeremias Grenzebach, co-founder and core developer at Dentacoin Foundation, this listing will open up many new opportunities for Dentacoin.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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