Frequently Asked Questions

No, DapCash will not use ERC20. We will develop special KS01 standard – draft name for DapCash, Kelvin and other post-quantum currencies with variable signatures.
A quantum threat is the ability to hack into the blockchain by using a quantum computer. A quantum computer due to super-fast computation processes will be able to fit private keys to encrypted blockchain transactions. Laboratory samples of quantum computers have already been developed. As soon as a quantum computer with sufficient power is developed, it becomes possible to hack most of existing blockchains.
Exchange between DapCash pre-orders and Kelvin tokens would be able at August-September 2018, after Kelvin release. Exchange rate will be calculated from nominal values both DapCash and Kelvin tokens, 1:1. So if you purchased DapCash coins for 10 ETH you can buy Kelvin coins for 10 ETH as well.
Coin Distribution Period (CDP) is the time during which you have a unique chance to buy DapCash coins and contribute to our project. After the end of CDP, you can get coins only through mining.

The difference is as follows:

  • We don’t generate the hype around the not-yet-existing product. We don’t call to make money on speculations with our coins.
  • We are an innovative IT company Demlabs Inc and have extensive experience in the development of unique IT products based on C-code: post-quantum blockchain, decentralized VPN service, etc.
  • We are not tied to cryptocurrencies and our project will not disappear like most ICOs. We already have MVP and we are ready to develop our project in any conditions.
  • Our project is financed at the expense of our own funds and the funds of our large investors. But since DapCash project is designed for ordinary people, we give them the opportunity to participate in our project during the Coin Distribution Period.

.

If the project fails or its conception changes a lot we’ll offer everybody to return funds. All the rest will have bonuses as usual.
But if we don’t reach hard cap – it doesn’t matter. We invest our own funds in the project and finance DapCash at the expense of other projects.

We have already implemented the following algorithms:
– Algorithms for wallets: Picnic, Tesla, Bliss;
– Algorithms for peer-to-peer connections: MSRLN, SIDH, Defeo.

Coins can be purchased directly from the wallet through special swap services. In the beginning, these services will accept only Bitcoin and Ethereum. Then we will develop a special website for buying coins through any means of payment, including visa card. After listing, the coins can be bought on the exchange.
It wasn’t just for fun. It is necessary because of mining and different purposes of subchains. Because of security reasons and because of flexible transaction throughput.

We’re planning to support usage of our currency with services. Key services are TOR-like VPN – anonymous untraceable VPN, audio, video streaming, business collaboration tools and etc.
So, at least you’ll have cause to purchase some DapCash to use DiveVPN, DapConfCall and other service.

In one block, there can be can be a different number of coins – from several hundred and thousands to several tens and ones. One of the features of DapCash blockchain is that the coin emission will change smoothly depending on the number of transactions in the network (“floating” emission).
We’ll have CPU optimized mining. Just like in all other PoW networks, the complexity of forming each new block is adjusted on the basis of the total hash of capacities so that the generation of each new block takes place at the same time. For golden blocks this time is extremely high, ten thousand seconds (10,000). A golden block is confirmed by 10 inclusions in the silver block plus three inclusions in the golden.