INDUSTRY DYNAMICSCryptocurrency is Reinventing Money
The Digital Revolution has Reached the Roots of Money & Banking
1st Wave of Cryptocurrency:
Bitcoin & the AltCoins
In the first wave Bitcoin established itself as the pioneer of decentralized, autonomous cryptocurrencies. In 2009 it emerged as the world’s first encrypted global digital currency. It was secured by an ingenious mutual ledger system called the “Blockchain”. Bitcoin was a currency that was not under the control of any government or any banking system.
Soon afterward, the open-source code base of Bitcoin was being used to create a legion of “Alt Coins”. There have literally been hundreds of alt coins created, with the largest of these being Litecoin. While some have made progress based on unique features, in general there has been very little market traction among the alt coins.
Bitcoin may not be the perfect global currency of the future yet, but it’s the pioneer of a global currency… There will be other currencies like it that may be even better.
Sir Richard Branson, Founder of Virgin Group
Bitcoin won’t be the dominant system… We need things that draw on the revolution of Bitcoin, but Bitcoin alone is not good enough.
Bill Gates, Founder of Microsoft
2nd Wave of Cryptocurrency:
Led by Ethereum
During the second wave, which began approximately in early 2014, Ethereum has been among the strongest innovators and a darling of the “Cryptocurrency 2.0” movement. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Technologies are moving very fast… new technologies like blockchains and smartphone payments are disrupting traditional banking.
Lee Hsien Loong, Prime Minister of Singapore
Blockchain, as the digital ledger, will heavily impact the way we do business in the financial services industry.
Oliver Bussmann, CIO of Switzerland’s UBS Bank
DasCoin, a hybrid cryptocurrency designed to deliver an ideal blend of security, convenience and utility.
These software licenses makes it easy for anyone to receive cryptocurrency – directly from the source. There’s no need to buy coins on a currency exchange, or get involved with the complexities and hassles of a cryptocurrency “mining” process. Instead, CoinLeader software enables you to help build the distributed network (on which DasCoin operates) and receive DasCoins in return. The license gives you permission to provide resources to the network, and in return, you will be rewarded with DasCoins as soon as the network uses your contribution.
The Hybrid Solution And Why It’s Better
DasCoin combines the best qualities of decentralized cryptocurrencies with the best aspects of centralized currencies – and eliminates their weaknesses.
Cyptocurrency Comparison
CoinLeaders is Your Gateway to DasCoin
All you need is aCoinLeaders software license, and you can start receiving cryptocurrency directly from the source.
Here’s How It Works
Cycles
CoinLeaders builds, maintains and manages the distributed network used by DasCoin. “Cycles” are the basic building blocks of this network. Cycles are representative units of digital processing and storage capacity and their associated maintenance costs. With an ample supply of Cycles, new nodes can be deployed on the network, making it larger, faster and stronger. To provide the network with what it requires to expand, CoinLeaders licenses its network provisioning platform to individuals and businesses. As an incentive for providing Cycles to the network, each licensee is rewarded with an amount of DasCoin calibrated to the level of the licensee’s contribution. This system allows DasCoins to be distributed into circulation in an equitable and logical manner – those who have made the most impact on the network are the ones who are most rewarded with DasCoins.
CoinLeaders builds, maintains and manages the distributed network used by DasCoin. “Cycles” are the basic building blocks of this network. Cycles are representative units of digital processing and storage capacity and their associated maintenance costs. With an ample supply of Cycles, new nodes can be deployed on the network, making it larger, faster and stronger. To provide the network with what it requires to expand, CoinLeaders licenses its network provisioning platform to individuals and businesses. As an incentive for providing Cycles to the network, each licensee is rewarded with an amount of DasCoin calibrated to the level of the licensee’s contribution. This system allows DasCoins to be distributed into circulation in an equitable and logical manner – those who have made the most impact on the network are the ones who are most rewarded with DasCoins.
When you purchase a CoinLeaders software license, you will be authorized to contribute to the network using CoinLeaders’ proprietary network provisioning system. Instead of defining a license by a specific time period, CoinLeaders defines its licenses by the level of authorized contribution to the network (i.e., processing power and storage capacity as measured in Cycles). Consequently, the greater the total number of Cycles you submit to the network, the more your contribution will cause the network to grow – and the greater the reward of DasCoin you will receive in return.
License
Frequency
Another very important factor in determining the impact your
licensewill have on the network is the current level of Frequency.
As the size, speed and strength of the network increases, the
Frequency increases, and correspondingly, each additional
Cycle has less and less impact (in relation to the total scale of
the network). As the network grows, its Frequency gradually
increases due to the accumulation of previous contributions
of Cycles. Effectively, a rise in the network’s Frequency means that more Cycles
are required before a DasCoin is rewarded. This in turn leads to a rise in the value of
each existing DasCoin.
Upgrades
Cycles are issued to licensees in generations (lasting 2-3 months). The current generation of Cycles begin operations at 100% efficiency. However, the efficiency of Cycles gradually decreases over time due to the impact of Moore’s Law and related technology dynamics. The Efficiency of the current generation of Cycles is measured against the potential efficiency of the next generation of Cycles. Whenever the Efficiency of the current generation of Cycles drops to 50%, an Upgrade occurs which immediately doubles the number of Cycles available to the network. This is why the number of “Upgrades” stated on your software license is so important – the more upgrades you are eligible for, the more times your Cycles have the opportunity to double in number.
