Dagcoin is a new cryptocurrency (founded in 29. May 2017) which is meant for wide usage all around the world. It's not a currency what is described here. Main difference compared with other cryptocurrencies is that Dagcoin doesn't use blockchain. It is good because blockchain based systems has a big scalability issue. For example Bitcoin allows around 7 transactions per second and Ethereum about 25. It's possible to increase it a bit but still there will be limit, as blocks need to be confirmed trough decentralised consensus mechanism called Proof of Work or mining and it just takes a time.
Dagcoin has built top of the byteball network. Byteball was first introduced by Anton Churyumov in 2015 and has been in live since September 2016. Byteball data is stored and ordered using directed acyclic graph (DAG) rather than blockchain. This allows all users to secure each other's transactions by referencing earlier transactions created by other users, and also removes scalability limits common for blockchains, such as blocksize issue.
The consensus algorithm used to protect from double-spends is based on establishing a total order within the DAG. This is achieved by selecting a chain, called main chain, which gravitates towards units issued by commonly recognized reputable users — witnesses. See the Byteball white paper for details.
Dagcoin is using byteball as underlying network but it is totally new asset. All together has been issued 1 000 000 000 Dags which means 10*15 microDags. Dagcoin has same functions as the Byteball: chatbot, conditional payments, decentralised exchange, P2P payments, ecs.
Dagcoin distribution to the market goes mainly trough MLM (Multi Level Marketing).
Sing up
https://www.dagcoin.team/en/registration/9351921Website
https://dagcoin.org/enMore info join
Telegram
https://t.me/DagcoinenglishWhatsApp
https://chat.whatsapp.com/Hw6wzPG3S9FAhqMzg9CRrnWrite to me
info@easyinvestments.euMissionTo educate the masses and help to bank the unbanked
VisionTo become one of the most widely used cryptocurrencies
1 mil educated customers by end of 2018 Reach to 10 mil dagcoin users by end of 2018
Dagcoin OÜ, EstoniaThe software company behind the development of Dagcoin cryptocurrency and wallet. Also in charge of creating the ecosystem around Dagcoin. Estonia as a tech innovation hub has excellent environment for creating disruptive technology.
DAG Corporation Limited, Hong KongEducational company focused on educating the masses mainly in Asia and on the Indian subcontinent where cryptocurrency is starting to pick up and the knowledge of it is the most needed.
Estonia - Well known IT-hubSkypeOnline messaging app with video chat service. Purchased by microsoft for 8.5 billion USD. 1.5 billion downloads and 300 million monthly active users.
TransferwiseInternational money transfer service sending 650 million USD every month saving 25 million of transfer fees for customers.
e-residencyThe first country to offer a transnational digital identity available to anyone in the world interested in administering a location independent business online.
e-votingEstonia became the first nation to hold legally binding general elections over the internet.
What is blockchain?Most cryptocurrencies are based on innovational blockchain technology.
A
blockchain is a public ledger of all transactions that have ever been executed. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order.
To use conventional banking as an analogy, the blockchain is like a full history of banking transactions. Transactions are entered chronologically in a blockchain just the way bank transactions are. Blocks, meanwhile, are like individual bank statements.
Blockchain challengesTransactions per secondThe ever-growing size of the blockchain is a problem for storage and synchronization. Bitcoin network can process 7 transactions per second and the most capable blockchains could theoretically process a few thousand transactions per second. VISA being the largest payments network is capable of processing 56 000 transactions per second. As cryptocurrency should help the unbanked, the need for transactions is much higher than even VISA can handle.
Transaction feesTransaction fees rise with the increase of transactions. Users can pay bigger fees to the miners to motivate them to confirm transactions faster.
Blockchain is great for smart contracts and corporate bureaucracy, but not for everyday currency.
Bitcoin is perfect as digital gold, but not as everyday currency.
DAG chain
In addition to the information of the transaction, a DAG chain unit includes the signatures of one or more users who created the unit and references to one or more previous units (parents )identified by their hashes.
Units are linked to each other such way that each unit includes one or more hashes of earlier units, which serves both to confirm earlier units and establish their partial order. The set of links among units forms a DAG (directed acyclic graph). There is no single central entity that manages or coordinates admission of new units into the database, everyone is allowed to add a new unit provided that he signs it and pays a fee equal to the size of added data in bytes. The fee is collected by other users who later confirm the newly added unit by including its hash within their own units. As new units are added, each earlier unit receives more and more confirmations by later units that include its hash, directly or indirectly.
Unlike blockchains where issuing a block is a rare event and only a privileged caste of users is in practice engaged in this activity, a new unit starts accumulating confirmations immediately after it is released and confirmations can come from anyone, every time another new unit is issued. There is no two-tier system of ordinary users and miners. Instead, users help each other: by adding a new unit its author also confirms all previous units.
References to parents is what establishes the order (only partial order so far) of units and generalizes the blockchain structure. Since we are not confined to one-parent–one-child relationships between consecutive blocks, we do not have to strive for near-synchrony and can safely tolerate large latencies and high throughputs.
First uses of DAG chain
Draft
Back in 2015, Sergio Demian Lerner, a cryptocurrency specialist from Argenti- na, posted his draft (drafted already in 2012) of a coin based on DAG chain, which he named Dagcoin. This never became a project and remained just a draft, so no actual coin was created.
IOTA
In the end of 2015 a cryptotoken optimized for the Internet-of-Things (IoT) industry called IOTA, was introduced. Instead of the global blockchain, the main innovation behind IOTA is a DAG that they call Tangle – a blockless distributed ledger which is scalable and lightweight. IOTA is currently still in Beta.
Byteball
Byteball was introduced in the middle of 2016. Byteball is a decentralized system that allows tamper proof storage of arbitrary data, including data that represents transferrable value such as currencies, property titles, debt, shares, etc. There is an internal currency called ‘bytes’ that is used to pay for adding data into the decentralized database. Other currencies (assets) can also be freely issued by anyone to represent property rights, debt, shares, etc. Users can send both bytes and other currencies to each other to pay for goods/ser- vices or to exchange one currency for another.
Dagcoin
Dagcoin is the first asset built on Byteball’s platform and network, apart from Byteball’s internal currency bytes. Dagcoin and Byteball evolve hand-in-hand: Dagcoin benefits from the developments of Byteball and vice versa. The popularity of either one improves the network effect for the other one.
Dagcoin as a cryptocurrency1 000 000 000 coins – suitable amount of coins for both big purchases and
also micropayments
Decentralized – first external cryptocurrency on Byteball peer-to-peer net- work which gives you the control over your money
Continuous development – huge community is developing the platform and the wallets
Eco-friendly – no mining hence no heavy use of electricity
24/7 transactions - crossbank, crossborder, any time, anywhere
Fast transactions – processing time of payments is only a few seconds
Cheap transactions – low network running costs mean low transaction fees for users
Secure – no risk of exposing your personal or card details
Easy to use - everyday currency for paying everywhere with mobile phone
Vast ecosystem – games, merchants, financial services, payment solutions
Valuable – high demand for this next generation cryptocurrency
Strong vision – DAG is the future of financial world and cryptocurrencies
Multisignature – possibility of several signature requirement for payments
Conditional payments – possible to set a condition when the payee receives the money, otherwise you can take the money back
Mobile payments – no need to carry your cards or wallet, just your phone
Fair Distribution – smaller amounts of coins are distributed to more people who have completed educational courses, no big speculators or traders
3 month Prelaunch period starts 1.07.2017CustomersWe start building educated user base for Dagcoin cryptocurrency through selling educational courses
Public exchanges
Dagcoin will be tradeable on various exchanges
Competitions
There will be different competitions between our sales affiliates till the launch event on 01.10.2017
Sing up
https://www.dagcoin.team/en/registration/9351921Website
https://dagcoin.org/enMore info join
Telegram
https://t.me/DagcoinenglishWhatsApp
https://chat.whatsapp.com/Hw6wzPG3S9FAhqMzg9CRrnWrite to me
info@easyinvestments.euDagcoin offers you 8 Educational CoursesBasic – 20 USD
This course gives a basic overview of the definitions used in the cryptocurrency and sales industry.
Starter – 100 USD
This course is great for starting to learn about cryptocurrencies and the foundation of marketing and sales. After completion of this course the attendee is rewarded with 100 dagcoins.
Explorer – 500 USD
This course gives deeper insight into what cryptocurrency is and how to excel in the art of selling. After completion of this course the attendee is rewarded with 500 dagcoins.
Advanced – 1000 USD
Advanced course teaches the technical aspects of cryptocurrency and takes your sales skills to advanced level. After completion of this course the attendee is rewarded with 1000 dagcoins.
Expert – 2500 USD
This course teaches how to be an outstanding public speaker and to present your ideas. After completion of this course the attendee is rewarded with 3000 dagcoins.
Pro – 5000 USD
This course teaches how to become a professional in sales and gives a thorough guide to psychology and human behaviour. After completion of this course the attendee is rewarded with 6000 dagcoins.
Mentor – 12 500 USD
An intensive course for becoming a top level leader and a great mentor. After completion of this course the attendee is rewarded with 17 500 dagcoins.
Investor – 25 000 USD
In depth course on digital assets, markets, trading and investing. After completion of this course the attendee is rewarded with 35 000 dagcoins.
Weekly rewardRewarded coins will be escrowed for 8 months in the web office During this time the coins will earn 3% weekly reward
50% of this reward will go into escrow for 8 months
50% of this reward will go into coin account in the web office
Why should Dagcoin gain value?The price of a cryptocurrency depends on the demand. There can be real demand only if the currency offers a solution to the end user.
Technical featuresDagcoin enables us to make fast transactions at a very large scale so there is no scalability issue. The transaction fees are minimal and the denomination system makes Dagcoin suitable for micropayments as well.
UsabilityThe second major indicator is the ecosystem around the currency. The development team behind Dagcoin has a very big vision and strong strategy for bringing the coins to our wallets.
Being one step aheadWe do not know what will Dagcoin look like after one or two years, but what we know is that it will always have the best and most innovative features. Our developers are constantly working on the new tech to make it better and better.
ComplianceMore and more countries are coming out with regulations for cryptocurrencies and Dagcoin is committed to always following anti-money laundering laws and regulations and to being in good relations with governments and authorities.
Sing up
https://www.dagcoin.team/en/registration/9351921Website
https://dagcoin.org/enMore info join
Telegram
https://t.me/DagcoinenglishWhatsApp
https://chat.whatsapp.com/Hw6wzPG3S9FAhqMzg9CRrnWrite to me
info@easyinvestments.euAll the best
Apparently there was a misunderstandng with our graphics design guy.
As of now the project should go stall otherwise announced here. On the long run, we are convinced that partchains are the next step above DAGcoins and blockchains.
We have no affiliation with the abovementioned team from Europe.
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