With the circulation of cryptocurrency becoming common, there is a need for additional information. The scope of this “white paper” is to provide that information.
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.
DigitalPrice
