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DemocraticCoin, or DCoin for short, is a project seemingly born of necessity. Dmitry Kharitonov, DCoin's developer, lives in Russia. You know – the Russia where state actors are making it harder and scarier for people like Dmitriy to use the currency of their choice.
DemocraticCoin, or DCoin for short, is a project seemingly born of necessity.
Dmitry Kharitonov, DCoin's developer, lives in Russia. You know – the Russia where state actors are making it harder and scarier for people like Dmitry to use the currency of their choice. He says:
“I couldn’t help thinking that if DCoin ever becomes popular, it might become a target of governmental authorities, who would start imposing sanctions against exchanges (which already happens in Russia, where we’re struggling under a dictatorial regime). There was a need for a DCoin to exist without exchanges, banks and other intermediaries.”
And so Dmitry worked on DCoin's development for 3.5 years. During the process, he formulated 10 tips for other developers wanting to do the same, and shared them with CoinTelegraph:
Dmitry's tools for making DemocraticCoin into an exchange-less currency are complex, and his overall goal is to transform “national currencies [into] their decentralized analogues.”
Whether or not either of these goals matches yours (or whether you're a “Bitcoin maximalist” who believes that one coin must rule them all), this much is sure: oppressed Russians creating nimble new currencies is a good sign. And it's all the better when they share their pro tips.
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