What is the DasCoin Miner (DasCoin scam)

What is DashiCoin mining machine DashiCoin mining machine is an open source version of Bitcoin, which allows developers and users to build decentralized applications on the Ethereum blockchain

Although the Bitcoin network has existed for a period of time, its performance is difficult to meet the needs of large-scale applications due to unstable consensus mechanisms and other factors. At present, there are also some mining pools, trading robots, and other types of Cryptocurrency exchange in the market. The characteristics of the DasCoin mining machine enable it to effectively handle all transactions involved in the DasCoin protocol, thereby achieving the goal of improving efficiency. This article will introduce what is DasCoin Mining Machine (DAG). There are two types of DasCoin mining machines: one is a device that sets computing power limits for Bitcoin mining; Another method is to use specialized chips for mining Based on the advantages of the DAG algorithm, the difference between digital assets and tokens is distinguished. The DAG algorithm allows miners to create their own blocks and generate a specific number of tokens in the chain, and through this method, the reward distribution process is achieved. These types of machines are called “intelligent mining machines” because they can perform calculations on different types of computers or software at runtime while ensuring the safety and reliability of these hardware The advantage of Dag algorithm lies in its programmability and security, thus having an extremely low network cost advantage. However, this technology is not the best choice as it is driven by a single GPU. If there is an ASIC mining machine involved, its working principle is similar to that of a regular computer To facilitate the understanding of DasCoin, we first need to know what a smart contract is

In the traditional Internet world, anyone can connect through a smartphone, such as Google Play Store or Apple Wallet. Then you can directly obtain data information from the video card on the computer through a laptop, and store your Digital identity in a server. This process is completed using a smart contract – you can choose the operation interface you want to use – such as keyboard input – password signature So, why is there a customized program that automatically assigns to everyone Because smart contracts are publicly visible and without any intermediary control, and they can freely change code rules without the need for third-party permission, smart contracts can operate like traditional databases, so that even if someone tries to modify the code, parameters can be changed at any time, and so on. This is also a key part of smart contract design

Dashijin fraud

It is reported that Dashijin fraud is another Ponzi scheme of Cryptocurrency. The project claims that its supply increased fourfold in 2020 (from 10 billion to 30 billion US dollars), but the rise in token prices does not convince investors that this new digital asset will last for a long time. Fraudsters use this model to engage in false advertising, marketing, and promotional activities to attract potential victims, thereby obtaining greater investment returns. They also promised to return funds to investors to support their plans.