Following a successful ICO, DasCoin is preparing for its public exchange debut on April 27, introducing a tamper-resistant digital ledger designed to deliver secure and dependable cryptocurrency transactions online.
The problem
Many users are drawn to cryptocurrencies because they offer a level of privacy that allows merchants to receive payment without revealing a buyer’s full identity or bank details. While this anonymity is appealing, it can also result in insecure transactions with limited or no recourse for recovering funds lost through error, theft, or fraud.
Another major challenge is the high volatility that affects many popular cryptocurrencies. Frequent and large price swings make the market unpredictable, undermining confidence for both merchants and consumers. These two shortcomings—anonymity-related risk and volatility—are central issues DasCoin aims to address.
The solution
DasCoin’s approach combines regulatory compliance with technical safeguards to build a legal and secure environment. The platform implements bank-level KYC (Know Your Customer) procedures to verify users’ identities, creating a network of verified participants. This structure preserves a degree of privacy for normal transactions while enabling traceability when there is credible suspicion of wrongdoing or when a court order requires disclosure.
To reduce volatility, DasCoin controls coin issuance by calibrating emissions and limiting the number of coins released into circulation. Instead of a traditional mining model, DasCoin uses a licensing mechanism: license packages have fixed prices and cycles, and as the network grows the system increases the issuance frequency factor. This managed supply model is intended to support gradual value appreciation while avoiding the sharp spikes and crashes often seen with other cryptocurrencies.
Features
- Speed – Transactions are validated in approximately 6 seconds.
- High scalability – The system is designed to handle large volumes, with processing capability cited at up to 100,000 transactions per second.
- Security – Compliance with AML and CFT standards is embedded through KYC verification. Each node in the network is licensed and verified to enhance trust and accountability.
- Decentralised digital wallet system – Wallets are controlled solely by their owners; no third party or authority can transfer, seize, or confiscate funds held in a wallet.
- Decentralised ecosystem – DasCoin combines blockchain with a distributed network architecture to create an autonomous ecosystem focused on integrity, security, and performance.
- Seamless exchange – Transaction fees are dynamically determined through bandwidth distribution, enabling low or no-cost transfers while supporting high performance and scalability.
- Minted, not mined – DasCoin’s minting approach significantly reduces energy consumption compared with proof-of-work cryptocurrencies such as Bitcoin.
DasPay
DasPay, scheduled for launch in June 2018, is a card- and smartphone-based payment platform expected to connect to more than 60 million merchants at rollout. The innovation lies in how fiat value is delivered: users will control how cryptocurrency value is converted and transferred to their card in local currency rather than relying on prepaid mechanisms. Multiple card options supporting different currencies are planned, enabling flexible, multi-currency spending.
Michael Mathias, CEO and Founder of DasCoin, commented: “Our primary focus remains on DasCoin, but as multi-currency cards become the preferred payment method, we are preparing to support multiple cryptocurrencies on our platform. That expansion will be powerful and exciting.”
About the company: DasCoin aims to create a more efficient, widely distributed, and better-calibrated system of value that does not depend on government declarations or physical commodities for backing.
For more information:
DasCoin website: https://dascoin.com/
Track DasCoin blocks in real time: dascoinexplorer.com
Whitepaper: https://media.dascoin.com/2018/02/DasCoin-White-Paper.pdf
Join the conversation on Twitter using the #dascoin hashtag.
Connect with the Das ecosystem through a NetLeaders license.