This project is supposed to be a better version of the Quark protocol and provide a new wealth stream of opportunities to the blockchain industry. Dimecoin has been around for a while now – precisely since December 2013 and has been trading ever since on exchanges and providing users with its own version of a robust proof of work algorithm using budget computing resources as against the high cost of ASCI dependent counterparts.
It began as a community centered startup and although did not receive so much cooperation from the bitcoin community at the time, it still did soar above the accusations and trials at the time through few miners who were willing to become starter nodes on its network.
Based on the quark technology, the bitcoin network protocol and proof of work systems, the project developers decided to tweak each technology to produce a more refined and deployable-ready blockchain product.
The various components of a digital currency are tied to its central ideology. In this case, Dimecoin wants to make micropayments available to all and sundry. This became a necessity as the starter technologies that were used to build this platform had deficiencies and needed modification, hence the development of the decentralized protocol.
In the early days of development, their central theme was ‘fluidity’, which in their own perspective was a world where merchants and customers could transact with the least possible resistance from the technological end of the transaction.
While bitcoin and many other blockchain protocols are suitable for large transactions, when it comes to micro-transactions, DIME coin was expected to be an alternative choice. Especially when it has to do with transacting at a nearly free fee-cost. This is why Dimecoin prediction looks very promising.
These were high lofty ambitions back in the day of their early development. How good is their use today? Well as many other payment gateways have surfaced, it does not completely rule out their importance.
Their technology is still as valid as the original Bitcoin protocol is today. So to invest in DIME would not be a bad call at all, provided there are still enough nodes to run the operations of the network.
On the trading side of things, over 5 years of activity is enough to put the trader in a well-informed state of the market and the price dynamics of the asset.
The community support has been a pivotal entity to the development and success of the platform so far. It could further be reiterated that the community is chiefly responsible for the continued existence of the project despite the hurdles the platform has faced to date.
Furthermore, the project has redirected its focus to community-centered promotions and incentive economy. This will no doubt help the community achieve greater feats as the platform continues to develop.
Those who want to invest in this coin are in for a long haul and should expect a sizeable return on investment commensurate with mass adoption. That means, whatever community breakthrough the platform achieves becomes new landmarks for the project in terms of social building and the mainstream adoption of the cryptocurrency.
While this is only an attempt to explain the fine parts of this startup, please be advised that it this Dimecoin forecast should not be misconstrued as financial advice and no investment decision should be made based on this premise alone. Investors should do their due diligence and research the project thoroughly before engaging with the asset.