[Crypto projects](https://revain.org/projects/) › Dimecoin

# Dimecoin (DIME): how it works, supply and reviews

## In short

- **Type**: Own UTXO blockchain, originally a fork of Bitcoin with a modified hash algorithm and block time.
- **Initial distribution**: No ICO, IEO or other fundraising at launch.
- **Risks and caveats**: 10% of block rewards go to a foundation that is not identified as a legal entity.
- **Checked**: 1 November 2026

## Key facts

- **Ticker**: DIME
- **Official site**: [dimecoinnetwork.com](https://www.dimecoinnetwork.com/)

Key facts checked on 1 November 2026 against official sources.

## What is Dimecoin

Dimecoin (DIME) is an open-source cryptocurrency whose genesis block dates from 23 December 2013. It started as a proof-of-work fork of Bitcoin using the Quark hash and, since 2023, runs a hybrid proof-of-work and proof-of-stake chain with masternodes.

## Network and consensus

| Parameter | Details |
|---|---|
| Type | Own UTXO blockchain, originally a fork of Bitcoin with a modified hash algorithm and block time. |
| Consensus | Hybrid proof of work (Quark hash) and proof of stake since 2023, with automatic checkpointing. |
| Launched | Genesis block on 23 December 2013. |
| Block time | About 64 seconds per block on average (white paper v1.05, written before the 2023 switch to the hybrid model). |
| Masternodes | Masternodes add network services; a masternode needs proof of ownership of 500,000,000 DIME. |

## Supply and issuance

| Parameter | Details |
|---|---|
| Initial distribution | No ICO, IEO or other fundraising at launch. |
| Issuance | The block reward is split 45% to masternodes, 45% to miners/stakers and 10% to the foundation. |
| Halving | The white paper describes a block reward halving policy. |
| Inflation | The white paper reports about 3.6% supply growth from 25 April 2017 to 25 April 2018. |

## What DIME is used for

- DIME is a digital currency for everyday payments.
- DIME can be mined, staked or used as masternode collateral to earn block rewards.
- Users can hold DIME in the Dimecoin Core full-node wallet or the Electrum-Dime light wallet.

## Who develops and governs Dimecoin

- **Open source**: Dimecoin Core is open source under the MIT licence on GitHub.
- **Developer**: Developed by community contributors; the project says no central entity is in control.
- **Foundation**: 10% of each block reward goes to a 'foundation'; the documentation does not name a legal entity.
- **Governance**: The white paper says the project has changed hands several times since 2013.

## History

| Date | Event |
|---|---|
| 23 December 2013 | The Dimecoin genesis block is created. |
| 2023 | Dimecoin moves to a hybrid proof-of-work and proof-of-stake consensus. |
| 23 September 2023 | Dimecoin Core 2.3.0.0 is published; the roadmap says it re-enables staking. |
| 20 March 2024 | The first beta of the Electrum-Dime light wallet (0.0.1.0) is published. |
| 11 October 2026 | Dimecoin Core 2.4.0.0 is published with wallet fixes, sync improvements and security hardening. |

## Security and audits

- Dimecoin added automatic checkpointing to protect the chain against hashing-related attacks.
- The 2.4.0.0 release notes say a full rebuild of the historical PoW/PoS chain without peers is an unresolved limitation.

## Security incidents

No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): [defillama.com/hacks](https://defillama.com/hacks), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [github.com/dime-coin/dimecoin/releases](https://github.com/dime-coin/dimecoin/releases), [dimecoinnetwork.com](https://www.dimecoinnetwork.com/)

## Risks and caveats

- 10% of block rewards go to a foundation that is not identified as a legal entity.
- The 2.4.0.0 notes say rebuilding the full chain from scratch without peers remains an unresolved limitation.
- Small network: the explorer showed 42 masternodes on 1 November 2026.

## Official links

- Website: [www.dimecoinnetwork.com](https://www.dimecoinnetwork.com/)
- Whitepaper: [www.dimecoinnetwork.com/docs/Dimecoinv1.05.pdf](https://www.dimecoinnetwork.com/docs/Dimecoinv1.05.pdf)
- Source code: [github.com/dime-coin/dimecoin](https://github.com/dime-coin/dimecoin)
- Docs: [dimecore-docs.dimecoinnetwork.com/en/latest](https://dimecore-docs.dimecoinnetwork.com/en/latest/)
- Block explorer: [chainz.cryptoid.info/dime](https://chainz.cryptoid.info/dime/)

## Questions and answers

**What is Dimecoin?**

An open-source cryptocurrency launched in December 2013 as a proof-of-work fork of Bitcoin, now running hybrid proof of work and proof of stake with masternodes.

**Did Dimecoin have an ICO?**

No. The project says its launch involved no ICO, IEO or other fundraising.

**How does Dimecoin consensus work?**

Blocks are produced by Quark proof-of-work miners and proof-of-stake stakers, with masternodes receiving 45% of the block reward.

**Which wallets support Dimecoin?**

The project publishes the Dimecoin Core full-node wallet and the Electrum-Dime light wallet.

## Sources

- [Dimecoin - Official website](https://www.dimecoinnetwork.com/)
- [Dimecoin - White paper v1.05](https://www.dimecoinnetwork.com/docs/Dimecoinv1.05.pdf)
- [GitHub - dime-coin/dimecoin](https://github.com/dime-coin/dimecoin)
- [GitHub - Dimecoin Core 2.4.0.0 release](https://github.com/dime-coin/dimecoin/releases/tag/2.4.0.0)
- [GitHub - Dimecoin Core 2.3.0.0 release](https://github.com/dime-coin/dimecoin/releases/tag/2.3.0.0)
- [Dimecoin Core docs - Masternodes](https://dimecore-docs.dimecoinnetwork.com/en/latest/docs/guide/masternodes.html)
- [Dimecoin Core docs - Home](https://dimecore-docs.dimecoinnetwork.com/en/latest/)
- [Electrum-Dime docs](https://electrum-docs.dimecoinnetwork.com/en/latest/)
- [GitHub - Electrum-Dime 0.0.1.0 beta release](https://github.com/dime-coin/electrum-dimecoin/releases/tag/ElectrumDime-0.0.1.0(beta))
- [Chainz - Dimecoin explorer](https://chainz.cryptoid.info/dime/)

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Page updated: 2026-11-01

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Source: https://revain.org/projects/dimecoin/