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DataCoin (DTC) Features in-Blockchain Data Storage And Web Apps Embedded in Blockchain
baystreet.ca
Disruptive digital currency DataCoin features perpetual, secure and uncensorable data storage in its blockchain, eliminates transaction confirmation wait times, uses CPU mining with the same hashing algorithm as Primecoin, provides revolutionary web apps embedded in the DataCoin blockchain, and serves as its own decentralized autonomous corporation with a built-in business model. Ian Boix, CEO of BlockchainCapital.com, considers Datacoin to be one of only four cryptocurrencies which “stand out for giving more value than a simple currency.” Datacoin’s intrinsic value and key innovations are its decentralized data storage feature and the newly announced web applications embedded inside the DataCoin blockchain. Datacoin is currently traded for Bitcoin on digital currency exchange platforms Bter, Coins-e, OpenEX.pw, and BTC-8.
DataCoin provides the necessary replication needed for truly delete-proof data storage. Datacoin miners maintain a copy of the entire DTC blockchain on their personal computer. As files uploaded to the Datacoin network are embedded in the blockchain, they are stored on thousands of individual personal computers around the world; that number is projected to grow with Datacoin’s increased adoption. This data cannot be censored as it would be impossible to delete it from every individual participating computer. Furthermore, once data is uploaded to the blockchain, it is impossible to delete it. DataCoin will soon roll out the ability for users to upload and store their own personally encrypted data which only they can access, but which will have all the benefits of replicated storage the Datacoin blockchain offers.
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