DasCoin has been designed to solve the core problems inherent to storing and exchanging value. The DasCoin Blockchain is a mutual distributed ledger that creates and distributes cryptographic assets, and then securely facilitates their storage and exchange. A prime objective of DasCoin is to use the infrastructure of a digital asset system to build an effective network of trust, enabling all participants and stake holders to share a common goal of increasing the value of the network and cultivating its growth. A private, permissioned blockchain architecture has been incorporated due to its enhanced security, inherent efficiency, and ability to scale more easily (due to deployment control). Fortifying this secure foundation is the authentication of all users in accordance with bankingstandard KYC (Know Your Customer) requirements and the implementation of a “hardware required” digital wallet system.
However, just like every other system of value DasCoin must establish a few fundamental elements.
These include defining: initial money supply, initial distribution, basis of value, expansion/contraction mechanisms of the money supply, who controls the means of production, and the allocation of inflation (and/or allocation of credit). DasCoin offers a hybrid structure to solve the issues associated with these economics-based elements.
This technical whitepaper will go in depth about the technical specifications of the DasCoin blockchain that will establish these fundamental elements. We will start with a basic description of the blockchain to give the reader a general overview. We will follow up with more chapters that will clarify the specific individual parts that are used in the blockchain. At the end we will include a full list of API calls that are used in this paper. To finish off, we added an appendix for a more detailed explanation about the API itself.
Dascoin
