In any new endeavour, people looking from the outside tend to eye developments with wariness or doubt, either from negative experiences or due to lack of information, or indeed misinformation in some cases. This is no different in the case of Cryptocurrencies and Altcoins, where every new ICO being presented always comes with initial resistance and hesitation.
It is obvious then why stability and trust are some of the most sought-after perceptions when it comes to Altcoins. In the case of DasCoin this perception personifies the product, so much so that the currency is aptly named the “Cryptocurrency of Trust”. This is not a easily garnered title, and is a lot harder to maintain as well. Below we will be going into the main reasons why it has kept this title, and the developments that lead to the strengthening of this sterling reputation within the cryptocurrency and Altcoin industry:
DasCoin: Trust through Stability
One of the main foundations of trust in any industry is consistency and stability. DasCoin ensures that trust by encapsulating these very principles. Its network is extremely scalable, allowing for growth in direct proportion to demand, ensuring that the product is readily available to the necessary volume of clients. This sustainability ensures that the currency remains a competitive Altcoin in the cryptocurrency market for years to come.
This stability is further highlighted through the calibration of its release. The currency itself is emitted at a fixed rate that is calculated by its price and the amount of cycles, which positively regulates the price, ensuring it remains at an upward trend and doesn’t flood the market leading to inflation and future instability. Transactions are also recorded and processed in real-time at minimal cost, meaning that a large volume of transfers and purchases can be handled by the network without issue.
Trust through Security and Transparency
Another way trust is maintained through cryptocurrencies is by ensuring transparency and security. One of the main attractions of cryptocurrencies in general was the great difficulty in tracing transactions using them, and the fact that any sort of malicious attempt to “hack” Altcoin wallets are an implausible endeavour at best. The desire for anonymity by purchasers of Altcoins also highlights the need for security.
The currency of trust utilizes blockchain technology to ensure this security, specifically through the use of a globally distributed database, which acts as an archive of ownership for all existing coins in circulation. Any transactions are recorded to an immutable ledger which utilizes the latest concepts in cryptography to prevent any deciphering of the keys or wallets involved, and is nigh impossible to penetrate in any way. It is this guarantee and this confidence in its safety that positively affects value, and ensures that buyers are not at risk when purchasing Altcoins.
Trust through an Excellent Product
Overall, a quality product should speak for itself, and that is exactly what you get with DasCoin, as its developers are focused on creating a cryptocurrency that is efficient, secure, and entirely dependable. This mission, coupled with the delivery of a product rising in popularity means that this particular altcoin is indeed, one that you can trust.