Rabu, 23 Mei 2018

"DICE Money" A New Generation Social Cryptocurrency



The rise of the cryptocurrencies in the past few years led to increased freedom and new ways to trade, generate and hold equity, and raise funds for business. The last one in its ICO form is quickly becoming a popular choice for seed fundraising in hi-tech start-ups. Cryptocurrencies however extensively suffer from some inefficiencies when it comes to raising funding for companies whose product has a more physical nature such as robotics or other types of manufacturing. To make it worse, launching an ICO campaign has already become a very expensive process for most early-stage companies. 


The problems come from the fact that cryptocurrencies mostly rely on ‘proof-of-work’, while for an early-stage company ‘proof-of-ownership’ would be a much more suitable choice since the nature of the offering is almost exclusively in share equity. Hence, only a few non-IT/non-Fintech companies have managed to adapt the cryptocurrency model and turn it into a successful ICO, while the traditional Angel/VC route is still more prevalent for such companies. 


In addition, other problems (mainly stemming from the complexity of how modern cryptocurrencies work) limit many businesses from actively using them for fundraising.At the same time, the model also exhibits features of traditional money, and incorporating new unique benefits.




DICE is a revolutionary cryptocurrency which features great simplicity and different operational model compared to the rest. The main goal is to allow DICE to enter the everyday life as a normal currency alternative to the traditional money, while at the same time complete decentralisation gives power to social groups to raise funds through cryptomining. 


Users can now invest in business by simply mining DICE for that business. Organisations such as schools or hospitals can benefit from crowdfund mining while at the same time keeping the cryptominers incentivised as well. Individuals can enjoy full support from their relatives and close circle friends in mining to cover a home mortgage, and so on – the applications are limitless.


DICE introduces a new type “cluster economy” which is much more social and fair, and provides greater opportunities to individuals and small business to succeed with funding through support from their contact network. DICE (abbreviated from digital certificates) is a new cryptocurrency that solves key problems of the blockchain.


And here's some feature form DICE: Solves Blockchain's Key Weaknesses - Replace the blockchain with cluster model. A cluster model is an independent network of users revolving around a single point, usually an organization (called an "operator"). This drastically increases the speed, reduces the cost and energy consumption, as it eliminates the need for a single public ledger, removing a mountain of synchronization challenges associated with blockchain. Instead, there are as many different ledgers as there are operators.


Solves Blockchain's Accesibility - Beautiful in its simplicity, DICE streamlines the cryptocurrency experience to accommodate myraid scenarios and is extremely flexible in its application. It needs no special online exchanges to work. Want to store your DICE on USB drive? No problem. Want to purchase and get help with setting up a mining rig? No problem, we can arrange it all for you. Want your DICE to be a tangible thing? Print it out, put it in your wallet. The possibilities are endless for offline and online transactions.


Solves Blockchain's Inequality Issue - DICE bring you crowd mining. The principle of crowd mining is similar to crowd funding platforms (a $16* bn market), with the difference being that individuals do not invest capital, instead they download software that generates DICE locally. This process is called mining. The mined DICEs are then converted into equity by the organization at the end of crowd mining round.


Secures from the Prying Eyes - DICE is not susceptible to the weakness of the blockchain. Our cluster chains are completely unconnected. Even if one or more operator collapses, the remaining network remains intact. Furthermore, DICE units cannot be faked, created out of thin air, or stolen. They can only be used in a transaction if confirmed by their owner. No personal details are exchanged. Users only know what others choose to reveal. No one knows anything about anyone else's transactions or balances, in a similar way to cash.




The process of mining generates new DICE units. Newly mined units are initially owned by the miner who has produced them. The miner can then exchange them for physical goods, services, digital content, other currencies, or other DICE units. 


When generating a valid DICE unit, the goal is to end up with a 1024-bit block of data consisting of the fields defined in the DICE structure, such that when SHA3-512 is executed on the DICE payload, and the resulting 512-bit output is then added to the original DICE header, a new hash produced from this newly built 872-bit “prototype” block will have a certain number or more of its least significant bits, all equal to 0. Therefore a miner’s task is to produce a 664-bit “Payload” at a certain moment of time (the “Timestamp”) in order to achieve successful hashing of the entire 1024-bit proposed data block, and then to have that hash confirmed by the operator.


From the diagram above it can be seen that a proposed new DICE unit is formed from constant Operator and Miner addresses, a constant Threshold set by the operator, a real-time Timestamp, and a hash from the Payload generated by the miner. The initial verification is performed locally by checking whether the result of SHA3-512 function has N or more trailing zeros. If this condition is not satisfied, the process repeats with a new Payload value.


REVOLUTIONARY MODEL:  True Decentralisation -  DICE lacks a single ledger present in the typical blockchain architecture. Instead, there are as many ledgers as there are operators in the global ecosystem - some of them public, others private; Reinforced Security - A new communication protocol which makes it practically impossible to hack and steal DICE. In addition to that the physical nature of DICE requires having a copy of the actual data structure. 


Offline Mining - DICE can be mined safely without the fear that someone else is secretly using your resources. Offline mining also opens the door toward interesting mobile fintech products; Speed and Scalability - The model built on a large number of unconnected small nodes allows maximum parallelisation and unlimited scalability. Each node handles only a small fraction of the overall traffic. 


Absolutely Free - The concept of transaction fees is absent in the DICE model. Incentives to both sides come from elsewhere, not fees; Social Economy - One of the biggest advances in DICE is the idea “investment mining” – a socially-uniting opportunity to raise funds for a specific business or cause while mining for yourself at the same time; No Middlemen - A true “peer-to-peer” model without need for exchanges or special wallets; Deterministic and Predictable - DICE is not meant to be a speculative asset. It is designed to replace the traditional money in a shock-free implementation.




DICE Money has comes in the form of a digital currency named DICET. The DICET Token will go on sale from May 11, 2018 until July 22, 2018, at a price of 1 DICET equivalent to 0.001 ETH. The purchase of token itself can be done with foreign digial currency such as ETH. Do not forget, get also purchase bonuses at certain time period.


DICE Money itself is the result of teamwork established by Konstantin Dimitrov, Anthony Johnson and Dilip Chandar, DICE Money strives to provide their best capabilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.





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