DitCoin: Africa’s New Cryptocurrency Coin To Focus on Privacy (Monero Based)
What Is DitCoin?
DitCoin is a cryptocurrency that was created with the intentions of helping businesses. In particular, receivers and senders of any transactions no longer need to fear of being traced back to, as DitCoin focuses greatly on privacy. The notion of decentralization appears to be fulfilled here because consumers are in control of their funds, accounts and transactions.
The coin has been created on the Monero (XMR) blockchain, hence the wallets that will support DitCoin are the same ones as XMR, which are compatible with Linux, Windows, Mac OSX and Android. The decision to use XMR blockchain is supposedly due to its open mining processes.
What Will DitCoin Focus On?
DitCoin’s features are believed to include privacy, anonymity and flexibility. Hence, their goals revolve around making untraceable payments, unlinkable transactions, blockchain analysis resistance and adaptive parameters possible. Moreover, weight will be placed on increasing user adoption of the coin within several markets including shopping, settling payments and other online and offline transactions to name the least.
About The DitPay Module
What makes DitCoin stand out is its DitPay Module, which is supposedly the first of its kind to promote a crypto-based e-commerce and payment processing system. It appears to deal with scalability, as it can be altered on a global level, which is necessary to increase DitCoin uses. This module also redefines e-commerce as a whole, as it is highly transparent, implementable, decentralized, time saving and secure from third party involvement.
As for its listing, DitCoin can only be found on Tradesatoshi.com and coinexmarket.io, with more presence over the long run. While it is too soon to tell how strong DitCoin will be, many crypto fanatics have expressed increased curiosity in the project, with many considering it as the “first business-driven cryptocurrency”. More specifically, DitCoin’s ability to tailor to both B2B and P2P networks, makes it all the more attractive. For more technical specifications, go to: https://ditcoin.io