DasCoin is a new cryptocurrency which uses hybrid blockchain technology, describing itself as the Currency of Trust. The underpinning technology makes DasCoin unique from other cryptocurrencies, combining all the best features already available and eradicating any weak spots. The DasCoin network offers superior transaction capacity, functionality and processing speeds with full regulatory compliance.
The DasNet Dashboard
The ecosystem is delivered through the innovative DasNet dashboard, bringing users complete fund visibility using varied and powerful technologies. These technologies are entirely different to those currently used by some of the bigger cryptocurrencies such as Bitcoin or Litecoin, with new technologies already under development.
These include introducing a public exchange trading facility for DasCoin, the DasPay system and smart contracts. The permissioned blockchain is global and the network is constantly expanding. The unique permissioned blockchain means each member in the DasCoin network is fully verified and compliant with all standards from CFT and AML.
Get the very latest news on and the plans going forward ahead of and launch at the end of the month…
— DasCoin (@DasCoinOfficial)
WebWallet™
Part of the unique DasCoin ecosystem is the innovative WebWallet™, which includes a four-step user verification process. The first step of the authentication is Know Your Customer, central to the blockchain technology functionality, followed by validation. WebWallet™ then sets up the keys before the final step of exchange-ready operations.
The KYC process enhances security, ensures compliance with all global regulatory requirements and integrates into secure, international payment networks. Users of DasCoin are required to submit biographic information and identification, such as an ID card, passport or driver’s licence, as well as proof of address.
The Validator™ hardware device then reviews the ID and is used to store DasCoin and validate transfers. This NextGen hardware has an embedded OLED display and is as simple to use as a USB device, as well as supporting many other leading cryptocurrency networks.
Cryptocurrency Market Capitalisation
At present the cryptocurrency market capitalisation is dominated by only a handful out of hundreds. The five biggest cryptocurrencies have a share of 75 percent, leaving just 25 percent for the other 1,500+ cryptocurrencies. DasCoin is hoping that its new hybrid blockchain technology will facilitate a leap into the upper echelons of cryptocurrency market share.
The total market capitalisation of cryptocurrencies is approximately $370 billion across all 9,304 markets at present.
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