With the circulation of cryptocurrency becoming common, there is a need
for additional information. The scope of this “white paper” is to provide
If you are under the impression that blockchain technology is perfect and
faultless, you are wrong. Blockchain protocols can be very slow, especially
when tethered by lengthy block times. For instance, the Bitcoin protocol
processes one block every 10 minutes which conveys, on average, 7
transactions per second. DigitalPrice does better.
On 4 October 2014 the cryptocurrency DigitalPrice was launched and
traded under the symbol of “DP”. Currently this coin can be traded on
several well-known exchange platforms. The amazing team behind the
development of DigitalPrice describes their currency as representing the
“third generation of cryptocurrency”, introduced by a group of
cryptocurrency enthusiasts with the intent to gain trust and provide value
in the crypto space.
As a 3rd generation currency, not only are transactions secured, private
and fast, you actually get paid for holding DigitalPrice coins.
DigitalPrice uses the POS (Proof of Stake) method of consensus, and is
based on the SHA-256 algorithm. It provides protection on the network
from malicious attacks and provides the staking mechanism that
generates rewards for investors.
Every 120 seconds a block reward of 25 coins is mined and divided into
two separate rewards, granting 66% of each block reward to masternode
operators and 33% of each block reward to coin stakers.
Masternodes – Investors need to lock 25,000 coins in order to earn
rewards and participate in the network’s governance system. For example,
on 26 February 2018, with the price at $0.13 per “DP” and 348
Masternodes on the network, the user earns on average $3.95 (29 “DP”
coins) daily for supporting the network.
Staking – The investor can hold DigitalPrice coins in a “Wallet” installed
on a computer. If the wallet is kept online and available to operate as
support to the network, the user will earn rewards. The reward system is
based on the weight of the total possessed coins to the network.