DasCoin, the Currency of Trust and the store of value within DasEcosystem, aims to differentiate itself from the large current crypto-currencies in the market such as Bitcoin. Its plan is likely to succeed because The Currency of Trust eliminates the previous disadvantages of many cryptocurrencies and further expands existing advantages. But what exactly are DasCoin’s advantages?
There is often scepticism about the safety and security of cryptocurrencies, and of course everyone wants to be assured that their money is in safe hands. DasCoin runs and constantly maintains its network to the highest standards ensuring it remains secure and protects itself against threats. Its permissioned blockchain ensures every node is licensed and verified, and its wallet partner, WebWallet, requires every member of the community to be know your client (KYC) authenticated and use a Validator hardware device to access and protect their funds.
DasCoin will truely become a universal payment method offering real crypto utility, through its coming launch of DasPay. DasPay will be the world’s first cryptocurrency wallet that will enable coin holders to spend DasCoin at over 60 million merchants worldwide. Built with industry-leading technology partner Carta Worldwide, DasPay allows any business that takes Visa and Mastercard to accept DasCoin without changes to their point-of- sale technology. Try asking someone to buy a coffee with Bitcoin and you’ll soon see why DasCoin and its payment method would have considerable advantages over Bitcoin.
Price stability is one of the key characteristic features of DasCoin. The cryptocurrency should remain independent of fluctuating exchange rates, inflation risks and the influence of banks or governments. The base for this stability is provided by the manner in which DasCoin is emitted. While the prices of the license packages and the cycles remain fixed variables, the so-called frequency increases steadily. As long as the network grows, the price of DasCoin should rise, before stabilising as soon as the network has reached its full capacity. Ultimately, a maximum number of 8.5 billion DasCoins will be brought into circulation.
It has been reported that the energy consumption from mining Bitcoin consumes more electricity a year than Ireland. DasCoin uses a technology that mints coins instead of mining them. This eco-friendly network design ensures minimum energy consumption without compromising on performance.