In May 2013 DigitalCoin (DGC) was launched: a decentralized, peer 2 peer, blockchain based digital currency inspired by the Bitcoin protocol. The DigitalCoin project is geared for success and has key infrastructure in place; there is a paper wallet generator, android wallet, and applications for Mac, Windows, Linux. Over 15 online merchants and services currently accept DGC and this number is ever-increasing. The digital currency is currently traded on Cryptsy, Vircurex and CryptoTrade. DigitalCoin was designed to be a digital currency for the masses that retains value, and does not experience as much price volatility as some other crypto currencies. This regard for stability is inherent in the DGC design. It is optimized for performance and with transaction speeds five times faster than Bitcoin it is one of the fastest ways to send and receive transactions in the world. In the last 24 hours, as of the 22nd of November 2013, the DGC market capitalization rose more than 40% in the last 24 hours alone. In other words, in the last 24 hours DigitalCoin has risen in value by 40%.
The health of a digital currency can often be measured by the extent and growth of its ecosystem. Beyond the faster transaction speeds DigitalCoin has a robust ecosystem; with an increasing number of DigitalCoin exchanges and services opening their doors. The CryptoAve.com exchange is launching shortly; a new digital currency exchange developed by the DigitalCoin dev team which will have shares tradable in DigitalCoin, Bitcoin, Litecoin, Argentum, SecureCoin and traditional fiat currencies. Currently DigitalCoin can be traded for Bitcoin at Cryptsy, Vircurex and CryptoTrade. A full list of the diverse and growing DigitalCoin services and exchanges available can be seen at http://digitalcoin.co/spend/
Unlike the developers of most digital currencies; team DGC is ceaselessly working on improving the options available to DGC users. Anyone worldwide can earn and spend DGC for advertising at DigiClick.co; an online advertising platform designed by the DGC dev team with DGC at its core. The DigitalCoin team has also developed a paper wallet generator, android wallet, and applications for Mac, Windows, Linux. DigitalCoin’s dev team is highly active; ensuring the ongoing smooth operation of the DGC protocol and ready to get their hands dirty with coding if any problems should arise.
From a technical standpoint, the DigitalCoin protocol has been designed with speed, ease of use and value retention in mind. The digital currency has a block target of just 40 seconds – over five times faster than Bitcoin’s transaction speed. Similar to Bitcoin the block reward of 15 DigitalCoin will halve approximately every 3 years; ensuring DGC possesses the properties inherent to rare currencies/commodities such as Gold, Bitcoin and silver. There will be 200 000 000 DigitalCoin minted in total. With DigitalCoin market capitalization rising more than 40% in the last 24 hours alone, and possessing a blockchain that is only 200 days old – it appears the future is bright for this fast transacting Bitcoin alternative.
With the Bitcoin to USD exchange rate rise of over 1000% over the past year, many individuals worldwide are exploring the emerging opportunities provided by digital currencies. DigitalCoin is a contender for the strongest Bitcoin alternative; with its active dev team, fast transaction speeds, growing number of merchants, and its ever expanding infrastructure available to both investors and users.
Official DigitalCoin website: http://digitalcoin.co
DigitalCoin services and exchanges:
DGC on Twitter: https://twitter.com/DigitalcoinDGC
Media Contact:
Name: DigitalCoin Foundation
Email: [email protected]
For the technically minded here are the DigitalCoin (DGC) protocol details:
- Similar to Litecoin, DigitalCoin utilizes a Scrypt based cryptographic algorithm for proof of work.
- 40 second block target.
- 15 DGC per block reward, halves approximately every 3 years. Halving the block reward gives DGC the increasing rarity properties that currencies/commodities such as gold, silver and Bitcoin possess.
- 200 000 000 DigitalCoin will be minted in total.
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