Ditcoin / Bitcoin news board

Africa’s First Privacy Based Cryptocurrency

Since the inception of cryptocurrencies in 2009, the crypto space had grown and experienced a lot of changes with coins like BITCOIN, ETHEREUM and DASH etc. hitting great All-Time Highs (ATH’s). Most of these cryptocurrencies seek to enhance privacy and protect the identity of the owner of each transaction. This was part of the disruption the new peer-to-peer payment system was bringing to the traditional system.

Anonymity of transactions is crucial for users and Bitcoin, the first and leading digital currency affords its users anonymous payments and transactions. However, the underlying blockchain of the digital currency functions as a public ledger, recording all the transactions but retaining that crucial anonymity. But some persons have wondered to what extent it retains its privacy.

Can We Have Some Privacy?

As users of cryptocurrency search for some sort of privacy in their transactions and assets, African cryptocurrency users also seek the same. Most cryptocurrencies that have claimed to be created for the African situation have however been a fallacy. These cryptocurries instead of solving the problem have milked dry the African man who is eager to move out of poverty. This scenario is similar to the one in the Fiat world where every day it is shared in the newspapers and on Tv’s the number of Aids that are sent to Africa yet African is still wallowing in poverty.

Then DITCOIN came into the space not just to solve the privacy problem alone but also to be a peer-to-peer cryptocurrency designed for the African situation and the world beyond.

WHAT IS DITCOIN?

DITCOIN is a coin created on the Monero blockchain. Before we go on let’s get to know what monero blockchain is about, and why monero?

Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.

DitCoin has been described by Pundits and CRYPTO Enthusiasts as being the “first Business-driven CryptoCurrency” that is based on “Asset and Community Building”. It is not like all of the other tokens that are available for purchase these days, due to the simple fact that they come with a 100% guarantee of being untraceable when used in a monetary transaction. Ditcoin can be used globally and comes at an extremely reduced cost of transfer on both the B2B and P2P networks.

What Makes DitCoin Unique?

(i) Uses a Different Functional Approach:
In order to stand out from the hundreds of other currencies that are currently floating around in the crypto market, Ditcoin features the added benefit of being untracable on any network. This ensures security and gives us added peace of mind.

(ii) Driven by Markets:
The final goal of Ditcoin is to penetrate the global market in a way such that it can be used for shopping, making payments and other online/offline transactions.

(iii) Security:
As with all good crypto services, Ditcoin is based on a decentralized network that allows for secure transactions and transfers.

What Is The DitPay Module?

The DitPay module can be envisioned as the world’s first “CryptoCurrency Powered e-commerce & Payment Processor”. It has been designed in a way that it can be expanded and scaled to a global level, thereby making payments using DitCoins seamless.

In addition to this, the module also gives us a platform to change the way e-commerce is done by making everything more transparent and secure. Other aspects of the DitPay module include:

(i) Serves as a Bridge:
In order to promote the integration of the Ditcoin currency with regular e-commerce platforms, the DitPay module comes with features that make integration, and transactions seamless.

(ii) Uses P2P Technology:
Peer-to-peer exchange has made a big comeback after its boom in the early 2000’s. P2P exchanges guarantee fast, secure, flexible deal-making capabilities into the hand of the user.

(iii) Efficient:
As stated earlier, DitCoin has been designed to serve as a secure means of monetary transfer. It is very cost effective and time-saving, and it remains virtually untraceable to any 3rd party viewers.

(iv) External Exchanges:

Ditcoin (DIT) is presently listed on tradesatoshi.com and Coinexmarket.io

Ditcion will also be listed on more exchanges as the time goes by.

*Stay with Ditcoin and Love Ditcoin.*

Website: https://ditcoin.io

GitHub: https://github.com/ditcoin/ditcoin-core

Chain explorer: https://chain.ditcoin.io

Telegram community/support group: https://t.me/ditcoin_support

Telegram Channel: t.me/ditcoin

Youtube: https://youtube.com/ditcoin

Facebook page: https://facebook.com/DitCoin

Bitcointalk: https://bitcointalk.org/index.php?topic=2357482

Internal trading platform: https://ditcoin.trade

Whitepaper: https://ditcoin.io/docs/whitepaper.pdf

Ditcoin supply: ~3.7 Million DIT per Year @15DIT/Block reward

Ditcoin Total supply: 37,000,000.00 DIT

Block reward: 15 DIT/Bloc for 720 blocs generated daily (based on current emission)

Trading symbol: DIT

DITCOIN has been referred to as one of the coins to watch out for in this year, as the coin has moved from 100sats to 7000sats in just the last 2 weeks. Many have called it a shill yet it is to be noted that the coin has a massive projects that it is about to be made known to the public. It is to be noted that DITCOIN is an AFRICAN coin made by Africans to solve the African problem but can be used anywhere in the world.

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