Cryptocurrency Update: Why DasCoin is Branded as the Currency of Trust
By Space Coast Daily // September 24, 2018
What’s Next for Hybrid Cryptocurrencies
DasCoin is one of the many altcoins available in the market today, and it is branded as the currency of trust. Find out why.
The Reasons that DasCoin is Branded as Currency of Trust
The technological age has brought about some of the most outstanding innovations. Traditional currencies have gotten an upgrade in the form of an electronic peer-to-peer trading system better known as cryptocurrency.
Ever since its inception in 2009, Cryptocurrency has made significant changes to the world. In 2017, the coins got peak values and many users in the crypto world rejoiced as the peak marked the beginning of the digital currency potential.
In 2018, Bitcoin experienced a drop. As markets crashed, users started looking for problems within the digital space. While their researches led to no significant conclusions, it was very evident that Bitcoin had a considerable role in the cryptocurrency trends. The coin market contains over 4000 cryptocurrencies and apart from Bitcoin, there are several investments avenues for the average trader.
The Relationship Between Altcoins and Bitcoin
The frontrunners in the crypto space are probably the oldest around as well. Large-cap coins like Bitcoin run on blockchain’s capability of handling very few transactions per minute.
If cryptocurrency wants to get to the regulated market, there is no other option but to improve transaction speeds. Another cause for concern is merchant acceptability; sellers remain reluctant to open up to an anonymized user base.
While the market is slowly picking up, solutions to all these problems already exist within the Crypto Economy. Looking beyond Tier 1 currencies, altcoins are making a name for themselves. While eliminating most difficulties associated with large-cap, altcoins also seek to solve problems faced by the modern world.
Trust as Branding for DasCoin
Out of possible alternatives hybrid crypto option, DasCoin aims to bring much-needed trust into the world of digital currency. Backed by superior technology these coins provide users with the same convenience and benefits as they are getting with fiat currencies. Let’s take a look at what makes this coin the currency of trust:
1. Transactions Speeds
Running on advanced blockchain technology, current altcoins have been able to process instant transactions. Added to this, the scalability allows the blockchain to handle around 100,000 transactions per second. With such capability, cryptocurrency can rival the likes of card providers like Visa.
2. Banking Grade Security
By implementing protocols like KYC and AML, User Authentication forms a vital part of DasCoin. Every user on the network has to go through the authentication process and thus, trust is ensured in the system. These networks also provide the use of smart contracts which further improve transaction security by adding a condition based self-executing contract which is not prone to any manipulation.
3. Merchant Acceptability
Coins like DasCoin are accepted by more than 60,000 merchants around the world. This means that the coin can be used for online shopping, retail shop check-outs or just paying for coffee. As acceptability increases crypto adoption rates will also improve and expected end product would be an ecosystem where digital currency will take over the majority of transactions from its fiat offering.
What’s Next for Hybrid Cryptocurrencies
While hybrid cryptocurrencies will replace the anonymized ecosystem with an authenticated one, it will be a small price to pay for all the underlying benefits. By integrating the best of both worlds, hybrid altcoins will bring accountability, scalability, trust and real-time usability into the Cryptocurrency world.
By creating a blockchain ecosystem which is managed carefully, fraud will be eliminated, and Coin users will enjoy seamless global merchant interactions, online settlements and much more.
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