#DCCTECH
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#Host digital currency assets on a custom built blockchain
#What is digital currency?
Digital currency is any currency recognized as legal tender in electronic form within a computer network. It's a form of money where a digital banknote refers to an authentic digital asset that participates in transactions between clients, intermediary banks and a remote database server controlled and monitored by a Central or National Bank.
A digital currency is firmly backed by either fiat money, an exchange-traded commodity, real estate or gold.
#What is the driving force behind the development of digital currency?
The creation of an authentic digital asset is driven by a set of innovative solutions featuring digital chip card technology, or "DCCT" for short.
A digital banknote is created by inserting a unique digital barcode into a file representing the banknote. Likewise, every transaction involving digital banknotes is irreversibly recorded on a digitally signed blockchain.
The digital barcode provides a globally unique file identifier, while the blockchain platform forces hosted digital assets to remain immutable, irreplaceable, irrevocable and available for validation at any time of the day.
#How do we gain confidence in digital currency?
Building trust is a key success factor, to which digital chip card technology ("DCCT") contributes with ease of use, protection against counterfeiting and the autonomy of verification of digital assets located on the blockchain.
To build trust, it is not enough to take someone's word for it. State-of-the-art technology like DCCT is needed to fully achieve the goal.
What differentiates digital currencies from one another is how the notes are structured and produced, how digital money is counted, how the flow of digital notes is tracked, how digital money payments are made, and where transactions are stored. See more...
#Step into the future of banking with digital currency
DCCT Network is a blockchain system with up to three devices connected to a common peer-to-peer (P2P) computer network. Designed to host digital currency assets, it is capable of validating data based on information independent of external sources. Transactions over the network are carried out by exchanging electronic messages in the form of digital banknotes.
#The mobile devices on the left and right represent the end users. Commercial banks serve as intermediaries between the end users and the corresponding digital wallets hosted on the Central Bank's platform. Transactions involving digital currency are regulated by a centralized remote database server and permanently recorded on a digitally signed blockchain.