Dimecoin, the term refers to the cryptographic system (mathematical coding-encryption) used to create, store and transfer the digital currency.
This digital money is only exchanged electronically, for which a computer network is used, normally connected to the Internet.
DIME price in November 2017
DIME was at an initial price of INR 0.0011 on 4 November 2017 and then its price moved up to INR 0.0005 on 30 November 2017.
DIME price in December 2017
DIME was at an initial price of INR 0.0003 on 1 December 2017 and was seen trading at to INR 0.0015 on 31 December 2017.
DIME price in January 2018
DIME was at an initial price of INR 0.0014 on 1 January 2018 and spiked up to INR 0.0052 on 31 January 2018.
DIME price in February 2018
DIME was at an initial price of INR 0.0058 on 1 February 2018 and dipped down to INR 0.0037 on 28 February 2018.
About Dimecoin (DIME):
DIME is a cryptocurrency based on Quarkcoin. While other currencies are based on hash algorithm and multiple confirmations, this coin has decided to use six independent hash algorithms. In the beginning, this has been done to complicate the development of ASICs, which should deliver to fairer distribution of mining. Dimecoin is believed to be the safest cryptocurrency, claiming to have nine hash rounds of six different hash functions. It runs on exactly the same protocol as Bitcoin, Test Work, SHA256, plus asserted transaction speeds of thirty seconds.
Mining with CPU
Quantity: 460 Billion
Blocks every 64 seconds
Change of difficulty every 65536 sec. (18 hours and 1024 blocks)
(maximum 10% to 50%)
Confirmations per transaction: 80 confirmations
Reward: 1024 coins per block (Reduction every 512,000 blocks ~ 375 days)
Type of reward:
Block 1 = 1024 coins ;Block 2 = 2048 coins ; Block 3 = 3072 coins
Block 1024 = 1048576 coins ;
Preliminary 8%: Developer, support, bounty etc
Source code: github.com/dimecoinproject/dimecoin