Review on Dimecoin by David Olayide
Dimecoin Cryptocurrency
With the enormous benefits of decentralization which we now have today, more and more financial systems around us are being developed on the blockchain technology and so, we have what is called decentralized finance. Various projects ensure that there is a change in the way we make use of money and platforms that are monetized. To make it easier to understand it is more simple to say that the use of the blockchain technology makes it possible for decentralized finance to exist.
Dimecoin if you haven’t heard of it before, is a decentralized public oriented cryptocurrency, or say a digital payment solution built on speed and security which is really good and convenient for micro-transactions. With it’s total decentralization, there is no central server or authority responsible for controlling everything. Additionally Dimecoin also boasts of fast transaction speeds and I think this is a great thing.
Dimecoin actually packs a few interesting features such as immutability and transparency which are key factors that mostly determine the use of any blockchain or cryptocurrency based platforms. Surely, all transaction recordscan be viewed publicly and, this means that it is auditable. There are no concerns over whether details can be modified or erased, so that eliminates fraud. Dimecoin is fully transparent and immutable.
DIME token has a circulating supply of 560 Billion DIME coins and a total supply of 539 Billion. The most popular and active market for the coin can be found on the CREX24 cryptocurrency exchange platform.
Pros
- Dimecoin is one hundred percent decentralized
- Fast transactions
- Dimecoin is also Immutable
- Transparency
Cons
- Low priced DIME
