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Linda is on 5 exchanges. Anyone can use the coin to send money from one exchange to another in less time. This is our objective.
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Bitcoin Denominations Define Supply

The use of the national currency can be one of the most confusing things about visiting a foreign land. Coins and bills have different values relative to each other. Although the math may be easy to grasp, the practical application of using the physical currency can create problems for the non-native. This same problem actually also exists in the world of cryptocurrencies.

Satoshi are Bitcoin Denomination

Of course, denominations of a national currency are necessary because cash is physically carried around and used in commerce. Bitcoin can also be divided into smaller units to accommodate any size transactions by simple math done automatically and invisibly by the transaction software. A portion of a Bitcoin can be split off to pay for something that costs far less than one Bitcoin, making denominations unnecessary.

This seamless splitting of a cryptocurrency into smaller units has a limit. For Bitcoin, the limit is 100,000,000. The term for each of these infinitesimally small units is a Satoshi. This means that one Bitcoin is actually worth one hundred million Satoshi. In the rapidly changing world of cryptocurrency the term “satoshi” may come to mean the smallest unit of any cryptocurrency, but for now it is limited to the smallest unit of Bitcoin.

When it took 10,000 Bitcoin to buy two pizzas worth $41 in 2010 the idea of Satoshi was nothing more than a programming feature, but as the value of Bitcoin increases Satoshi will begin to become useful denominations. In fact, the lexicon of Bitcoin includes units of Satoshi! One million Satoshi is called a Bitcent. This goes all the way down to one hundred Satoshi which is a “Youbit”.

Satoshi Defines Supply

There has already been some discussion in the Bitcoin community of reducing the standard unit of this cryptocurrency from the Bitcoin to one of these smaller units. While irrelevant from a mathematical perspective, this would have a positive psychological and practical value. Smaller units of Bitcoin would be understood more easily relative to what they can buy, which may increase the value.

This is an absolutely fascinating progression in the perceived value of cryptocurrencies as a deflationary hedge, but the practical application is more meaningful. As of October, 2017 there are 16.6 million Bitcoin in circulation. In fact, this number is misleading. Because each Bitcoin can be divided into 100,000,00 parts, the actual number of units of the Bitcoin cryptocurrency in circulation is 1.66 quadrillion!

Moving decimal places around by breaking one Bitcoin into its component parts is not an academic exercise. Currencies have denominations for a variety of reasons, and only some of them are practical. The psychological impact on the market value of Bitcoin could be significant if people realized the large number of units actually currently on the market.

Satoshi vs. Dentacoin

This fact is demonstrated by the concerns about the number of Dentacoin that have been pre-mined. 8 trillion tokens seems to be enough to permanently reduce the value of each token to an infinitely small value, but this concern ignores the fact that Bitcoin has achieved significant value with over 200 times this number of units in circulation.

There are two important points to be made here. The first is that Dentacoin is not divisible into any smaller unit. For Dentacoin, one Dentacoin equals one “satoshi”. So the comparison between one Dentacoin and one Bitcoin is inaccurate. The real comparison is between one Dentacoin and one Satoshi. This is parity and the honest basis for any comparison of the two currencies.

Secondly, not all of the 8 trillion Dentacoin will be released onto the market at one time. The total supply is designed to facilitate the use of Dentacoin as a global unit of currency in the dental market. Dentacoin will be released on a pre-determined, set schedule that will increase the supply as the demand and awareness for the coin grows. This is intended to provide a firm foundation for Dentacoin from which it can increase in value.

Understanding the actual underlying unit of a currency, either national or crypto, is key to appreciating both its utility and its true value. And the fact is that it is easy to get lost in the math of decimal places. But doing this with both Dentacoin and Bitcoin is absolutely critical in order to grasp how Dentacoin has the ability to increase in value as it is accepted as the key to better global dental health.

https://www.dentacoin.com/blog/total-supply-bitcoin-200-times-token-supply-dentacoin/

The Blockchain startup Dentacoin announced another key partnership with a German-based manufacturer

Nowadays, it is an undeniable fact that the Impact of the Blockchain technology goes far beyond financial services. As startups in different sectors use blockchain to drive greater transparency, veracity and automation across the digital information ecosystem, they’re boosting awareness of the technology in sectors ranging from payments to dentistry. Yes, you read it right. It is looking as though the Global Dental Industry is set for the greatest makeover within the Healthcare sector thanks to the Netherlands-based startup Dentacoin. Its custom-made token of the same name is already implemented at partner clinics, exchangeable on international exchange platforms, distributed through the first developed tools and since recently – accepted  as means of payment by a German-based manufacturer of high-tech dental equipment. But let’s first go back to the basics…

Using the Blockchain technology to start a global movement

Dentacoin is the first integral Blockchain solution for the Global Dentistry, aimed at improving dental care worldwide and making it affordable through creating a network of patients, dentists, suppliers, who trustfully cooperate between each other and act in mutual interest. The essence of this unusual Blockchain-based model lies in activating the decentralized power of all market participants through a custom-made utility token that serves numerous tailored Blockchain-based tools and powers the whole Dentacoin network. Within the network, network effects are expected where the value of the whole network increases with every new participant added to it. The token itself is used for rewarding network participants for their contribution to the Foundation’s mission; it is utilized as united means of payment and ensures access to services provided within and across the network. “The Blockchain technology is the only way to automate data security, protect from counterfeit and achieve low costs. It is the only way to integrate a currency system at low costs and with maximum security, independent of authorities and banks. The technology enables more and more decentralized, autonomous processes that return the power back into the hands of the people”, explains Jeremias Grenzebach, Co-Founder and Core-Developer at Dentacoin.

Already implemented as means of payment at partner clinics

If you are not aware of the current state of dentistry and its utter need of industry-centric solution or you are generally skeptical about the wide Blockchain acceptance, you might ask yourself if Dentacoin would be applicable into the real world anytime soon. You will not need to wonder for a long time though as Dentacoin has already been implemented as means of payment and as a part of their Patient Loyalty Programs at two partner clinics in Europe for months – SWISS Dentaprime (Varna, Bulgaria) and F3T Dental Clinic (London, United Kingdom). Therefore, even prior its ICO, Dentacoin already had its proof of concept.

Desislava Dimova, Manager of SWISS Dentaprime, the first clinic to implement DCN back in March 2017, shares more about their experience: “We are convinced that every business could and should benefit from collective customer wisdom in order to improve their service quality. […] Patients were also very excited about this new opportunity. Giving a discount in euro was nowhere near the excitement of receiving Dentacoin. Dentacoin felt like some kind of magical money to them. […] This creates a special bond between our clinic and the patients – all parties working together to improve the quality of dental services.”

Another key partnership with the German-based manufacturer CruisAIDer

Recently, the team behind this ambitious project made a significant breakthrough towards wider acceptance of Dentacoin within the industry. As of 9th of October 2017 CruisAIDer, a European company, specialized on digitalization of dental clinics in Germany, Austria and Switzerland, accepts Dentacoin as means of payment for its innovative product Powercart – a powerful machine that does everything the dentist needs to facilitate digital workflow and chairside treatment in a much faster and more efficient manner. Powercart is already being widely applied for intraoral scanning and compatible with the world’s leading brands for intraoral scanners.

“The dental industry is highly decentralized when it comes to parts and materials – we rely heavily on effective transfer of funds to increase productivity and live up to the fast-paced demands of our clients. Up until now we were stuck having to change between currencies to source the materials we need to manufacture our CruisAIDer Powercart for Intra-Oral scanning. In my opinion, Dentacoin is not only the future of the entire dental industry; it is what lies ahead for all connected supplementary industries. I wish we had this tool handy when we started out. Making the international acquisition of parts more efficient means we can cut prices”, says Simon Sostmann, CEO of CruisAIDer.

“Having a partnership with yet another European company, which strongly believes in digitalization and efficiency only proves the strong potential and opportunities which lay ahead of Dentacoin”, comments Philipp Grenzebach, Co-Founder and Business Developer at Dentacoin Foundation.

Currently, Dentacoin is raising funds for the further development of the project through an Initial Coin Offering which will be open until 1st of November 2017. The ICO is also a chance for early supporters to contribute at the lowest possible price (2 500 000 DCN/ETH, 33 000 000 DCN/BTC). The main modes of payment accepted during the ICO are Ether (ETH), Bitcoin (BTC) and Indian Rupee (INR). More information on how to participate in the ICO here: https://www.dentacoin.com/ico /

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Dentacoin Foundation has launched the pilot of its blockchain-based Trusted Reviews Platform for users of dental services globally. In return for leaving detailed reviews of their actual dental treatment, patients are rewarded with Dentacoin (DCN), the custom token being sold as part of a current ICO and which is already accepted as payment by dental clinics across Europe.

$440 billion spent on dental treatments globally, but up to 90% of these expenses could be avoided if patients had early check-ups three times a year. By launching the review platform and linking it to DCN, Dentacoin Foundation hopes to leverage the network effect and increase the value of tokens for all participants. “With this latest update, we hope to make it very easy for people to contribute with reviews and trusted feedback about their dental treatment experiences”, says Jeremias Grenzebach, co-founder and core developer of Dentacoin alongside Alexander Atanasov, Trusted Review Platform developer.

Dentacoin already counts over 290 practices and over 2,400 registered users on the platform since it launched on 17th August. It hopes that the combined payment and reviews solution will create a more functional dental care system. Funds raised through the ICO will be used for focused regional targeting, with the aim of global coverage.

By encouraging direct feedback to dentists and clinics, the platform should lead to improved service quality. All DCN bought by users and issued as rewards by Dentacoin are held in an integrated blockchain wallet.

https://www.dataiq.co.uk/news/dentacoin-launches-blockchain-enabled-dental-reviews

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