DAGCOIN
FIRST USES OF DAG CHAIN
Draft
Back in 2015, Sergio Demian Lerner, a cryptocurrency specialist from Argentina, posted his draft
(drafted already in 2012) of a coin based on DAG chain, which he named Dagcoin. This never became
a project and remained just a draft, so no actual coin was created.
IOTA
In the end of 2015 a cryptotoken optimized for the Internet-of-Things (IoT) industry called IOTA, was
introduced. Instead of the global blockchain, the main innovation behind IOTA is a DAG that they call
Tangle – a blockless distributed ledger which is scalable and lightweight. IOTA is currently still in Beta.
Byteball
Byteball was introduced in the middle of 2016. Byteball is a decentralized system that allows tamper
proof storage of arbitrary data, including data that represents transferrable value such as currencies,
property titles, debt, shares, etc. There is an internal currency called ‘bytes’ that is used to pay for
adding data into the decentralized database. Other currencies (assets) can also be freely issued by
anyone to represent property rights, debt, shares, etc. Users can send both bytes and other currencies
to each other to pay for goods/ser- vices or to exchange one currency for another.
Dagcoin
Dagcoin is the first asset built on Byteball’s platform and network, apart from Byteball’s internal currency
bytes. Dagcoin and Byteball evolve hand-in-hand: Dagcoin benefits from the developments of
Byteball and vice versa. The popularity of either one improves the network effect for the other one.
Max supply: 1,000,000,000 Dags or 1,000,000,000,000,000 microDags
Decentralized
Ledger/Chain: Directed Acyclic Graph
Latest news (11 Nov 2017)
Dagcoin:
*Public exchange in Feb 2018 (2 exchanges, agreements made)
*Webwallet is in development
*Merchant platform with API is ready, currently in testing
*Merchant finder platform is in development
*Person-to-Person marketplace is in development
*Merchants can start pre-registering from next week!
Get active on this thread for more updates and news to come!
Important fact: Dagcoin did not have ICO in the past but opened the opportunity to distribute Dagcoins to exclusive amount of people mostly in south east asia through the efforts of their marketing arm
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