DasCoin Ushers in a New Cryptocurrency Era
DasCoin combines the best of traditional, centralized currencies with the best of blockchain-based cryptocurrencies to create a hybrid currency for a new era. DasCoin’s ecosystem provides a network of interoperable distributed applications founded on equity, trust, and security. The ultimate goal of DasCoin is to provide financial freedom for mainstream users.
What Is DasCoin?
DasCoin presents itself as the currency of trust. It is a hybrid digital currency, meaning that it is well positioned to satisfy the regulatory requirements of traditional fiat currencies, like the U.S. dollar, with the ability to move and manipulate information on a distributed blockchain.
DasCoin differs from traditional cryptocurrencies in this important regard while bringing several other advantages to the table, such as:
- Scalability– Traditional cryptocurrencies, like Bitcoin, have already far exceeded their transaction limits, causing widespread delays in the blockchain. DasCoin has the ability to scale to more than 100,000 transactions per second.
- Speed– DasCoin is fast. Really fast. Bitcoin transactions can take hours or days to clear, while DasCoin averages about six seconds per transaction.
- Security– DasCoin’s focus on regulatory compliance means that it has built-in Know-Your-Customer authentication already present on its blockchain. This creates an ironclad security system that meets or exceeds the expectation of governmental requirements. Additionally, DasCoin’s master node system means every user is permissioned and privacy is assured.
- Accountability with Adaptability– DasCoin’s Know-Your-Customer expertise makes it compliant with all applicable government standards, including counter-terrorist financing and anti-money-laundering standards. As regulations grow and change (which they almost certainly will), DasCoin’s system is ready to adapt to meet the ever-changing needs of its dynamic community of users and partners.
Key Features of DasCoin
DasCoin is more than just another cryptocurrency. It is a complete ecosystem for use and development. Its consortium blockchain is more efficient, secure, and speedy than less-evolved blockchains. There is also an authentication network in play tied to the Know-Your-Customer protocol. DasCoin is ill-suited for money laundering or criminal activity due to its high internal standards and security checks. These checks are balanced to ensure fairness and transparency among all stakeholders, who can interact with the blockchain via a decentralized wallet.
Into the Future
The future of tech lies with blockchain and DasCoin represents the future of blockchain. It is fast, secure and ready to meet all incoming governmental regulations. Little wonder it calls itself “the Currency of Trust.”
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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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry
Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation.
There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated.
A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified.
Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders.
Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
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If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.
So, What’s the Problem?
For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.
What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.
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The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.
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