As of December 2020, the total supply is roughly 556 billion coins. Dimecoin (DIME) is a digital currency which aims to bridge the gap between traditional fiat and blockchain technology. First launched in December 2013, Dimecoin is one of the oldest UTXO blockchains in existence today. To compete with fiat payment gateways, a cryptocurrency must not only be fast, simple and secure, but must also have a stable value, as well as low commission costs and total freedom of use. It is a cryptocurrency with its own blockchain, born as a global payment solution that wanted to be fast, simple and secure.
The Mint released it on January 30 of that year to honor his birthday. The torch, olive branch, and oak branch on the reverse (tails) represent liberty, peace, and strength. As of March 2022, the Dimecoin Network development team is currently in the final stages of updating the consensus mechanism to a hybrid PoW-PoS consensus which will introduce staking and masternodes. The development team has no controlling interest or stake in any pre-mine. Additionally, there has never been an initial coin offering ICO or any sort of fundraising linked to the blockchain. The designs from 1796 to 1837 showed Liberty on the obverse and an eagle on the reverse.
Dimecoin Network, stewards of the Dimecoin Blockchain, is based in the United States of America and was established February of 2018 by its founder Ryan Downey.
The Dimecoin blockchain is fully decentralized, immutable, and highly secure. It provides for trustless transactions so there is no centralized institution and can be used just about anywhere either online or in-person. As of December 2020, the total supply is roughly 556 billion coins.
- As of December 2020, the total supply is roughly 556 billion coins.
- The Dimecoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
- The most successful cryptocurrencies have turned out to be not those that try to replace fiat currencies, but those that allow completely new uses, such as Bitcoin with its deflationary nature, or ETH as the utility token of the Ethereum network.
- As of March 2021, the Dimecoin Network development team is currently in the final stages of testnet for updating the consensus mechanism to a hybrid PoW-PoS consensus which will introduce staking and masternodes.
- From 1916 to 1945, the Mint produced the “Mercury” dime designed by Adolph A. Weinman.
Recent chain analysis conducted estimates that there is roughly 478.3 billion coins currently in circulation. Recent chain analysis conducted estimates that there is roughly 448.3 billion coins currently in circulation. Dimecoin is a decentralized, secure, and trusted digital currency offering extremely fast and near zero fee transactions. Additionally, Xeggex allows users to create liquidity pools and trade $DIME against any coin/token listed on Xeggex. The Dimecoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
Exchanges
The price then continued to fall again, and since then it has fluctuated between 1 and 3 millionths of a dollar, which is more or less what it was worth at the time of the placement 6 years ago, and what it was worth before the 2017 growth began. By October 2017 its price had increased tenfold to 20 millionths of a dollar, and by mid-January it had increased tenfold again, reaching an all-time high of 275 millionths of a dollar on January 13th, 2018. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Additionally, Xeggex allows users to create liquidity pools and trade $DIME against any coin/token listed on Xeggex. The most successful cryptocurrencies have turned out to be not those that try to replace fiat currencies, but those that allow completely new uses, such as Bitcoin with its deflationary nature, or ETH as the utility token of the Ethereum network. From this point of view, only stablecoins come close to this ideal, even though USDT itself, the world’s most widely used stablecoin, still has too high transaction costs, due to the fact that it largely uses the Ethereum blockchain. The Mint makes the dime for circulation, as well as uncirculated and proof finishes for collecting.
- As of March 2021, the total supply is roughly 557 billion coins at the time of this publication.
- Recent chain analysis conducted estimates that there is roughly 478.3 billion coins currently in circulation.
- Dimecoin’s blockchain consensus mechanism is proof-of-work PoW.
- These members share a common belief and passion for facilitating the growth of not only Dimecoin but cryptocurrency as a whole.
For a more detailed breakdown regarding the supply, check out this article on the Dimecoin website. It would almost seem to have had a relatively constant value over time, around 2 millionths of a dollar, except during 2017 and 2018. It is a crypto that has existed for a long time, i.e. since 2014 and during the speculative bubble at the end of 2017 it acquired a lot of value. Dimecoin (DIME) is the crypto of the so-called Dimecoin Network.
As of March 2021, the total supply is roughly 557 billion coins at the time of this publication. Given its status as a currency for every-day use, the supply is uncapped, and will continue to expand at an inflation rate of less than 1.5% yearly. Dimecoin is a digital currency which is built on an open source network that grants easy access to fast and cheap payments across the globe. Since Dimecoin utilizes blockchain technology, you are in control of your funds in an environment that is safe and secure, thanks to cryptography.
Dimecoin Price Summaries
The Denver and Philadelphia Mint facilities make the circulating and uncirculated coins and the San Francisco Mint makes the proof coins. CoinMarketCal is the leading economic calendar for cryptoassets (coins, tokens and NFTs). To check Dimecoin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Recent chain analysis conducted estimates that there is roughly 478.3 billion coins currently in circulation.
As of March 2021, the Dimecoin Network development team is currently in the final stages of testnet for updating the consensus mechanism to a hybrid PoW-PoS consensus which will introduce staking and masternodes. Dimecoin Network operates primarily through the help of its volunteer members from within the Dimecoin community. These members share a common belief and passion for facilitating the growth of not only Dimecoin but cryptocurrency as a whole.
Dimecoin Price Chart (USD)
If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. It is enough to think that most of the blocks that have been what is dimecoin mined lately contain a single transaction, namely the miner’s reward, with a new block being mined every 1 minute or so. In other words, transactions related to the exchange of DIME tokens are now very rare.
How Many Dimecoin (DIME) coins Are There in Circulation?
A fasces – a bundle of rods tied around an axe – and an olive branch appeared on the reverse. The two symbols represented America’s military readiness and the desire for peace. The Mercury dime is considered one of the most beautiful coins in our country’s history. The “Roosevelt” theme is the current design of the U.S. 10-cent coin. The U.S. Mint first issued this design in 1946, soon after the death of President Franklin D. Roosevelt.
Evidence-based & community-driven
Dimecoin is committed to developing customer-centric solutions that make your life a bit more simple and a lot more secure. Dimecoin’s blockchain consensus mechanism is proof-of-work (PoW). Dimecoin’s blockchain consensus mechanism is proof-of-work PoW.
Dimecoin markets
From 1916 to 1945, the Mint produced the “Mercury” dime designed by Adolph A. Weinman. The obverse showed a profile of Liberty wearing a cap with wings to represent freedom of thought. The design got its name because it reminded people of the Roman god, Mercury.