Dimecoin

Dimecoin is a fully decentralized blockchain that offers easy access to cheap and fast payments across the globe. The platform aims to create products that give users control of their funds. As per its whitepaper, the mission of Dimecoin is to maintain the security of its community, support them in fostering growth, and help in achieving financial liberty using blockchain technology. The key goal of this network is the adoption of blockchain by the development of P2P and digital remittances along with payment getaways. By creating an end-to-end solution, the asset delivers a seamless experience that brings digital payments into everyday purchasing and reduces the amount you pay to transact. The network uses Proof-of-Work (PoW) protocol to provide fast, secure, and simple payment solutions globally.

The team of Dimecoin observed that the financial systems around the world have contributed to many inequities when it comes to accessing financial services and products for years. Hence, by bringing the blockchain technology and concept of decentralized finance together, the platform aims to offer a secure, permissionless, and transparent financial network to solve the problem of inequity and route records in the computer while preventing massive fraud. In addition, the network aims to explore opportunities further under several segments of masternodes (unique serve status), financial services, blockchain strategy, in-game payments, exchange solutions, and staking rewards. Dimecoin network stewards the financial apps and software development that can help empower people while offering transaction freedom.

DIME is the native token of the Dimecoin platform. DIME token is used for transaction and mining rewards to its holders.

Ryan Downey is the founder and CEO of Dimecoin, who launched the Dimecoin platform in February 2018. The platform also released its whitepaper in 2018. Dimecoin released its official website later in April 2020 and started its public testing phase in the first quarter of 2021.