Datacoin

Datacoin (DTC) describes itself as a trustworthy, censorship-resistant cryptocurrency that can be used for transactions and data storage on its advanced blockchain. Data coin claims to be also used as a payment method in cyberspace.

The blockchain stores data indefinitely and is retrieved using a transaction hash as an identifier. Datacoin is claimed to be a censorship-free platform that can use applications like torrent trackers, encrypted chat services, and other types of modest data storage. Developers can use the Datacoin blockchain to store torrent files, certificates, and, in the future, HTML pages and other types of meta-information. In case of data loss, these are also quite recoverable, thereby providing security to the users.

The data files are saved on the local hard drives of all Datacoin network participants. Each user has their own complete copy of all Datacoin files on their own machine. The Datacoin daemon supports only blobs. Crypto Blobs is a collection of thousands of interactive code-generated blobs that are cute, staring at the users, and users can play with them! Each blob is unique and has its own set of characteristics (eyes, color, background, features, etc.).

The Datacoin does not require any changes if the Datacoin daemon and Qt wallet are used - a JSON RPC connection is sufficient. QT Wallet is a cryptocurrency core wallet developed using the QT software framework, available for Windows, Linux, and Mac. QT Wallet is a professional client and provides full functionality available for currency. JSON-RPC is a stateless, lightweight remote procedure call protocol. Remote Procedure Call (RPC) is a powerful technique for building client-server-based distributed applications. The charge is currently set as 0.05 DTC for 1Kb of data. All fees go to miners, i.e., the fee is allocated according to the mining power of the nodes that support the Datacoin network.

Datacoin is a decentralized storage service's root storage engine, and the storages are both reliable and immoderate. The platform is seeking to develop the concept of personal chains. Personal chains are built on top of the Datacoin blockchain and distributed to nodes via subscription. The Datacoin blockchain solely manages the identification and some metadata for all personal chains.