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What Is Dimecoin (DIME)?
Dimecoin (DIME) is a digital currency that aims to bridge the gap between traditional fiat and blockchain technology. It was first launched in December 2013 and is one of the oldest UTXO blockchains in existence today.
Who Are the Founders of Dimecoin Network?
Dimecoin Network, stewards of the Dimecoin Blockchain, is based in the United States of America and was established in February 2018 by its founder Ryan Downey.
Dimecoin Network operates primarily through the help of its volunteer members from within the Dimecoin community. These members share a common belief and passion for facilitating the growth of not only Dimecoin but cryptocurrency as a whole.
What are the goals of Dimecoin Network?
Dimecoin Network aims to facilitate the growth and adoption of blockchain technology through the development of payment gateways and technology geared towards streamlining P2P and digital remittances using the cryptocurrency Dimecoin (DIME).
What Makes Dimecoin (DIME) the Cryptocurrency Unique?
Dimecoin (DIME) aims to remain fully decentralized. The development team has no controlling interest or stake in any pre-mine. Additionally, there has never been an initial coin offering (ICO) or any sort of fundraising linked to the blockchain.
How Many Dimecoin (DIME) Coins Are There in Circulation?
As of December 2020, the total supply is roughly 556 billion coins. Given its status as a currency for everyday use, the supply is uncapped and will continue to expand at an inflation rate of less than 1.5% yearly.
Recent chain analysis conducted estimates that there are roughly 478.3 billion coins currently in circulation.
How Is the Dimecoin Blockchain Secured?
Dimecoin's blockchain consensus mechanism is proof-of-work (PoW).
As of June 2022, Dimecoin core v2.0.0.0 was released. Deploying the Phoenix update makes the consensus mechanism a hybrid PoW-PoS consensus, which introduced staking and masternodes to work alongside mining.
### Where Can You Buy Dimecoin (DIME)?
Dimecoin (DIME) is available on several exchange platforms and can be traded with various pairs of cryptocurrencies (BTC, ETH, DOGE, LTC, BNB) directly with fiat (USD, EUR, & RUR), and stablecoins such as USDT and USDC across the following exchanges: Xeggex, Crex24, and CpxClassic.
Additionally, Xeggex allows users to create liquidity pools and trade $DIME against any coin/token listed on Xeggex.
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Answers
What Is Dimecoin (DIME)?
Dimecoin (DIME) aims to bridge the gap between traditional fiat and blockchain technology. It is one of the oldest UTXO blockchains, first launched in December 2013.
Who Are the Founders of Dimecoin Network?
Dimecoin Network was established in February 2018 by its founder Ryan Downey. The network operates with the help of volunteer members from the Dimecoin community who are passionate about facilitating the growth of Dimecoin and cryptocurrency as a whole.
What are the goals of Dimecoin Network?
The goals of Dimecoin Network are to facilitate the growth and adoption of blockchain technology through the development of payment gateways and technology focused on streamlining P2P and digital remittances using Dimecoin (DIME) as the cryptocurrency.
What Makes Dimecoin (DIME) the Cryptocurrency Unique?
Dimecoin (DIME) is unique in its commitment to remaining fully decentralized. The development team has no controlling interest or stake in any pre-mine, and there has never been an initial coin offering (ICO) or any fundraising linked to the blockchain.
How Many Dimecoin (DIME) coins Are There in Circulation?
As of December 2020, there is a total supply of approximately 556 billion Dimecoin (DIME) coins. The supply is uncapped, and the inflation rate is less than 1.5% per year. Current estimates suggest that there are around 478.3 billion coins in circulation.
How Is the Dimecoin Blockchain Secured?
Dimecoin's blockchain consensus mechanism is proof-of-work (PoW). As of June 2022, the Phoenix update introduced a hybrid PoW-PoS consensus, incorporating staking and masternodes alongside mining.
Where Can You Buy Dimecoin (DIME)?
Dimecoin (DIME) is available for trading on several exchange platforms, including Xeggex, Crex24, and CpxClassic. It can be traded with various cryptocurrency pairs (BTC, ETH, DOGE LTC, BNB), fiat currencies (USD, EUR, RUR), and stable coins such as USDT and USDC. Xeggex also allows users to create liquidity pools and trade $DIME against any coin/token listed on the platform.
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