The world of cryptocurrencies is further emerging. After the rise of Bitcoin in the early days of the 21st century's second decade, and following the downfall of online commercial transfer monopoly, which had limited the commercial transfer transactions to financial institutions and governments, further cryptocurrencies were created successively. These new cryptocurrencies would take their place within the world of online trading and commerce. Bitcoin's initial shortcomings had prompted the developers to deal with the feasible shortcomings early on, and therefore they would come to develop new cryptocurrencies sans the issues one after another, extending the world of cryptocurrencies. One of the major early issues concerning Bitcoin was the transaction transfer speed. This issue was later resolved in the next generation of cryptocurrencies.
Meanwhile, since early 2020, a new e-money styled as Deracoin has entered the trading market with a currency unit named Achilles, which seems to be among the third generation cryptocurrencies.
Employing the latest transfer system, a combination of Ripple's transfer system and Deracoin's brand new one, Deracoin has dramatically increased the speed of transactions to an incredible number of 50,000 transactions per second, which is unmatched in the world. When we compare this figure with a 20 transaction per second speed limit by Atrium or similarly, a 7 transaction per second speed limit by Bitcoin, we recognize an absolute superiority from Deracoin over other cryptocurrencies. We should also mention that the China-block of Deracoin has successfully eliminated some shortcomings such as the 51 percent attack and network dependence on mining machines via fundamental changes made within the security structures.
For the original definition, the total number of these cryptocurrencies is determined to be 84 million. This limited quantity indicates the deftness of this cryptocurrency's initial designers when it comes to laying the foundations for Deracoin's growth and eventual market dominance since the limited quantity of a cryptocurrency will indicate its future price increase. Notably, the limited quantity of cryptocurrencies such as Bitcoin, with only 21 million available in the market, has prompted its tremendous price. Accordingly, assessing smaller numbers is also problematic. Now, we can conclude that Deracoin has done a fair combination of limiting the coin number and rendering reasonable prices.
Furthermore, another major issue with cryptocurrencies is the unreasonable price fluctuations that cause investors to lose their assets. Considering that the most relevant factor in determining the cryptocurrency price is the supply and demand, therefore the originators of Deracoin can prevent price inconsistencies and drops by simply managing the supply and market demand, and therefore maintaining and enhancing the credibility of this digital currency on a day-to-day basis.
Generally speaking, rendering cryptocurrencies and credit for them depends on several factors. These factors can be briefly mentioned as:
• Conventional transfer speed
• Independence in transactions and eliminating the need for mining machines
• Safe and efficient wallet
• Having adequate capital for market development and prosperity
Deracoin has all the above components and features. It seems that the originators of this cryptocurrency have decided to sell a limited number of it or, to sacrifice a limited number at a very low price so that they can establish their niche in the market permanently. This is done to attract the sources of capital for dominating the market. Consequently, investing in the initial supply of these cryptocurrencies at a price of approximately 8 dollars can be a great investment with a profit rate of at least 1000 percent according to many cryptocurrency market associates.
So far, several reputable corporations and ventures such as Pretty Gift Cards Co. (gift cards), Cash High (casino chains and betting), Digital Accessories Co (mobile phones and accessories), and Sephora Beauty (cosmetics) alongside an increasing number of other commerce enterprises have shown their support for the Deracoin project, accepting it as a tradable currency. These ventures are set to start using this cryptocurrency in their business transactions beginning from 2021. Hitherto, many cryptocurrencies have joined the trading market, some of which have been successful in the market while some have failed to fulfill their objectives. Among the notable factors that could guarantee the success and price increase of Deracoin is a system that allows online and face-to-face transactions between the buyers and the sellers any time during the 24 hours period, and immediately after the end of the presenting the specified amount of coins as the initial sale.
Usually, creating and releasing cryptocurrencies generates significant capital for the originators. The originators of Deracoin do not estimate Deracoin just as a cryptocurrency, but rather as a means for accessing cryptocurrency shares and stocks with the ultimate goal of spending the generated capital from the sales for further development of Deracoin itself. This development will occur in the form of investing in early cryptocurrencies, banking, franchises, the construction sector, and transportation industries. The profits will be spent on the Deracoin again, in accordance with the ultimate goal mentioned earlier. This is a very significant feature that distinguishes Deracoin from other currencies and further implements that the value of this currency is set to increase day by day. In sum, Deracoin cannot be considered just a bare currency. Deracoin has a set of cryptocurrencies and dynamic stocks that are generating profit that can be seen as the best investment.