We all know that in the future crypto currencies will dominate the world. Most of the people in today’s world have realized the potential of cryptocurrencies. As a result, they have taken necessary steps to try to understand cryptocurrencies.
To cater to the demand, a large number of cryptocurrencies have been created globally.
However, DICE is the one cryptocurrency that stands out from the rest.
DICE (abbreviated from “Digital Certificate”) are small blocks of data that are very difficult to make. “Mining” is the process of making DICE blocks; to generate a data block, that ticks the needed requirements for a valid DICE, it requires significant computing power and time. The power used in the generation of the block carries its intrinsic minimal monetary value, just like coins and banknotes issued by central banks carry intrinsic value guaranteed by the bank. So as a medium of exchange for goods and services, DICE data blocks can be used in the very same way as normal money.
DICE is a revolutionary cryptocurrency. The objective is to allow DICE to enter everyday life as a normal currency alternative to traditional money, while simultaneously via cryptomining, provide power to social groups to raise funds via complete decentralisation. Users can now invest in business by simply mining DICE for that business. While keeping the cryptominers incentivised at the same time, organisations such as schools or hospitals can benefit from crowd fund mining. To cover home mortgage payments, and so on — Individuals can enjoy full support from their relatives and friends that are mining on their behalf.
A blockchain token — “Dicet,” created by the DICE Money ICO which is an Ethereum-based utility token for the ICO only, while not based on the blockchain. The Dicet is the bridge between the non-blockchain based DICE, and the regular blockchain exchanges.
Providing a greater opportunities to individuals and small business to succeed with funding through support from their contact network, DICE introduces a new type “cluster economy” which is much more social and fair.
THE CLUSTER MODEL
In today’s connected world DICE are just like normal money, designed to be easy to use. However, that’s not everything about DICE. Consider the mining process, anyone can be a “miner,” and can freely create new units of DICE. To get started as a miner, all that is needed is the DICE software (FREE) and a computer. DICE units are associated with a certain entity, just like each currency is associated with a certain country. That could be anything or anyone–a company, a hospital or school, the local council, bank, even the country. It could be also a single individual. This entity unites all DICE units mined for it exclusively. It is called an “operator.”
Connected to the internet, that is just a piece of software installed on a computer, or a preconfigured device. What an operator does is to provide a central point of contact only for the units associated with it. The role of an operator is to provide validation of the associated units, and to serve as a “witness” in deals where those units are being used.
Every operator also maintains a ledger, which is built from digital addresses of people, and“prototypes” of DICE. The prototypes are not DICE themselves, but signatures of valid units. Therefore an operator does not have the actual DICE, but is still able to securely verify whether someone else does have it. The overall structure is called “cluster model” because it consists of a number of nodes (the operators) in a global network, whereas every node is a small network of its own. This enhances the transparency value for the business and its users.
In a nutshell, It can be stated that DICE does not require a digital wallet or rely on an exchange, enabling anyone to become a socially significant entity thus Not affected by blockchain hacking and clampdown.
Once a global DICE ecosystem is built and functioning then in a longer term within the ecosystem, DICE Money will focus on increasing its support to small startup businesses, along with further research and development of DICE-related products.