In 2011 the unique digital currency Devcoin was launched; an ethically inspired open source project based on the Bitcoin protocol, with the unique mission of funding open source projects created by programmers, hardware developers, writers, musicians, painters, graphic artists and filmmakers worldwide. When the market cap of Devcoin reaches a certain point, a significant reward will be offered for the development of an open source spacecraft. Devcoin is one of the longest running blockchain based digital currencies, which means the currency’s network itself is well established and has proven itself to be robust and reliable. The main difference between Devcoin and Bitcoin is that Devcoin is merge mined with Bitcoin; Bitcoin miners can mine Devcoin and Bitcoin simultaneously, essentially earning “free coins” for supporting the Devcoin network.
In the last month, Devcoin has risen in value from 0.00000014 per BTC to 0.00000053 per BTC. Each block of DVC yields 50 000 Devcoin – so Devcoin is often traded in lots of 1 000 0000 or more: 1 000 000 DVC has increased in value over 300% from $145 USD to $548.90 USD in the space of two weeks. Devcoin’s market capitalization is currently $3 239 000 USD.
Being an established alternative digital currency, Devcoin has a healthy and growing ecosystem with over 15 merchants and exchanges supporting DVC. Books, precious metals, jewellery, computer hardware, hard cash, press releases, writing services, lotto tickets, digital currency investments and much more can all be purchased with DVC. Online merchants worldwide can easily accept DVC as a payment method by using CoinPayments, for integrated Devcoin payment at checkout and invoicing in DVC. The popular digital currency exchange platforms Vircurex and Crypto-Trade both support Devcoin and Bitcoin trading, while Cryptsy offers a Devcoin to Litecoin currency pair.
At the current market cap, significant bounties payable in Devcoin are being offered for an open source aircraft (a hot air ballon which is at least 3 metres in diameter), medicine, fortified food, a boardgame, and a new open source toy. When the market capitalization of Devcoin reaches a certain point, a massive bounty will be offered for the development of an open source 1 seater spacecraft which can exit and enter the Earth’s atmosphere. Digital currency enthusiasts who are also passionate about easier access to space for all of humanity, can support this cause in a practical way by supporting Devcoin.
Anyone worldwide who wants to work and produce open source material can earn Devcoins: writers can sign up to Devtome, Devcoin’s open source wiki and be paid in DVC for their work. Devcoin is also currently reaching out to open source developers in IT, engineering, arts, sciences and humanities who wish to receive Devcoins for their work. Anyone, anywhere can apply for funding by joining the bitcointalk forums or contacting firstname.lastname@example.org. Devcoin ensures that no one on the planet who wants to work needs be completely out of money: anyone who does good work will get some Devcoins. In this way Devcoin levels the playing field for anyone worldwide to earn digital currency and participate in this erupting space.
With its unique paradigm changing mission, its network integrity through being one of the first and most established Bitcoin alternatives, and its recent 300% value increase: Devcoin is a wise choice for investors, enthusiasts, open source developers and visionaries worldwide looking to engage with the explosive digital currency space. As the emerging digital currency industry continues to experience a break out, Devcoin is better positioned than ever to begin delivering in an even bigger way on its unique and world-changing mission.
To learn more please go to: http://devcoin.org
Devcoin Funding For Open Source Projects:
Devcoin Merchants and Services: http://www.devtome.com/doku.php?id=where_to_spend_your_devcoins
Devcoin Payment Processor For Merchant Checkouts And Invoicing:
Current And Future Devcoin Bounties According to Market Capitalization:
Devcoin Accepted Here Button For Merchants Use:
For the technically minded here are the Devcoin (DVC) protocol details:
- Similar to Bitcoin, Devcoin uses the SHA-256 cryptographic algorithm
- 10 minutes block target.
- 50 000 DVC per block reward, to ensure there is no deflation this block reward never decreases. 5000 DVC goes to miners (who can merge mine DVC for free when they are mining Bitcoin), and 45 000 DVC goes to the open source developers and projects on the receiver files.
This Press Release is for informational purposes only and should not be taken as investment advice. Please consult with your financial advisor before investing in DVC or any other digital currency.