Dotcoin is a growing digital currency that facilitates prompt payments to its users irrespective of their location in the world. It uses the peer-to-peer technology to operate in a decentralized environment with no central authority governing it. It is also referred as KimDotCoin. Dotcoin was introduced in March 2014. DOT is the official currency of Cryptopia, one of the fast growing and popular cryptographic destinations in the world.
Cryptopia has a large traffic from different parts of the globe. Cryptography secures all the digital information that is exchanged using the cryptocurrency. Cryptopia aims to bring the cryptocurrencies to use by everyone. They have a marketplace for the users to buy and sell goods and services, provide information about all the digital assets and have their own cryptocurrency exchange for conversions.
DOT uses the Scrypt algorithm. This allows the coins to be generated with the same devices that are used in mining Litecoin and Dogecoin. There are about 890 million Dotcoins. Mine workers are paid 500 DOTS for each completed square. Dotcoins allow you to send your money to any location in the world. Users save on bank transaction charges; no time delaying formalities should be completed and the recipient is benefited with instant credit. The money transactions are safe as it is all virtual currency that the users are dealing with.
Dotcoins can be purchased with bitcoins. The dotcoins can also be purchased with other cryptocurrencies like Feathercoin, Litecoin, Unobtanium, PopularCoin, Dogecoin etc. Dotcoin is a good investment for long term. As of now, Dotcoin price is equal to 0.0146USD and purchase of DOTs for 100 dollars now is likely to yield 6869.23 dots.
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