dietbitcoin is a faster, lighter alternative to bitcoin. dietbitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of dietbitcoins is carried out collectively by the network. dietbitcoin is opensource; its design is public, nobody owns or controls dietbitcoin and everyone can take part. Through many of its unique properties, dietbitcoin allows exciting uses that could not be covered by any previous payment system. dietbitcoin uses a blockchain which is not controlled by any third party nor government agency. You can store dietbitcoins on your desktop, laptop, server, android wallet, iOS wallet, mobile devices, hardware wallet, or in the cloud. You can quickly and easily transfer dietbitcoins to anywhere in the world as long as you are connected to the internet.
Roberto de Jesús Escobar Gaviria is the biological older brother of the notorious Colombian businessman Pablo Emilio Escobar Gaviria. Prior to his brother Pablo’s untimely passing in 1993, Roberto was the accountant of all of Pablo’s businesses and enterprises and his most trusted confidant. Roberto Escobar has assembled a team of personnel that will undertake the responsibility to help him develop some aspects of dietbitcoin such as marketing efforts to improve the usage of dietbitcoin. incentives to retailers and merchants to commence the usage of dietbitcoin. daily management of mining operations. daily management of all other tasks relating to dietbitcoin. In the middle of 2017, Roberto Escobar had decided to create his own cryptocurrency which is now launched. You can read more details as to some of the reasons behind him launching this currency and follow his journey, in his latest book that is available for a FREE download at Amazon Kindle and Google Play Store as well as on the PDF link below.
The dietbitcoin android wallet application is already finished and available today for download in the Google Play Store. Anybody can take control of their dietbitcoin transactions while on the go with this secure, privacy-centric lightweight mobile app. The dietbitcoin iOS (apple) wallet application is set to be released on March 30, 2018. The application which enables users to spend their dietbitcoin and for retailers/merchants to connect to such a Point of Sale system is currently in development stage and set to release April 13, 2018. This will be enabled through a customized 10-inch tablet PC that will run a custom POS/POP application.
The dietbitcoin protocol is not just about sending money from A to B. It has many features and opens many possibilities that the community is still exploring. An unprecedented level of security is possible with dietbitcoin. All payments in the world can be fully interoperable. dietbitcoin allows any bank, business or individual to securely send and receive payments anywhere at any time, with or without a bank account. With the use of cryptography, secure payments are possible without slow and costly middlemen. A dietbitcoin transaction can be much cheaper than its alternatives and be completed in a short time. dietbitcoin has been a particularly efficient solution for tips and donations in several cases. dietbitcoin can be used to run Kickstarter-like crowdfunding campaigns, in which individuals pledge money to a project that is taken from them only if enough pledges are received to meet the target.
Imagine listening to Internet radio paid by the second, viewing web pages with a small tip for each ad not shown, or buying bandwidth from a WiFi hotspot by the kilobyte. dietbitcoin can be used to develop innovative dispute mediation services using multiple signatures. Multiple signatures allow a transaction to be accepted by the network only if a certain number of a defined group of persons agree to sign the transaction. dietbitcoin offers solutions to many of the trust problems that plague banks. By its high decentralization, dietbitcoin created a different form of payment network with an increased level of resilience and redundancy. All dietbitcoin transactions are public and transparent and the identity of the people behind the payments is private by default. Automated services usually have to deal with costs and limitations of cash or credit card payments. Roberto Escobar believes that it is possible for dietbitcoin to trade near 5000 USD per coin, due to the strategic alliances he will strike with several parties and contracts that will be negotiated, favorably for dietbitcoin users.
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership. The solution we propose begins with a timestamp server. A timestamp server works by taking a hash of a block of items to be timestamped and widely publishing the hash, such as in a newspaper or Usenet post. To implement a distributed timestamp server on a peer-to-peer basis, we will need to use a proof-ofwork system similar to Adam Back's Hashcash. By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block.
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before it can be discarded to save disk space. It is possible to verify payments without running a full network node. A user only needs to keep a copy of the block headers of the longest proof-of-work chain, which he can get by querying network nodes until he's convinced he has the longest chain, and obtain the Merkle branch linking the transaction to the block it's timestamped in. Although it would be possible to handle coins individually, it would be unwieldy to make a separate transaction for every cent in a transfer. The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. We consider the scenario of an attacker trying to generate an alternate chain faster than the honest chain. Even if this is accomplished, it does not throw the system open to arbitrary changes, such as creating value out of thin air or taking money that never belonged to the attacker. We have proposed a system for electronic transactions without relying on trust.
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For Information detail visit link in below :
Website : https://www.dietbitcoin.org/
ICO Website : https://www.dietbitcoinico.org/
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Facebook : https://www.facebook.com/dietbitcoin/
Telegram : https://t.me/ddxofficial
My Bitcointalk Link : https://bitcointalk.org/index.php?action=profile;u=1305012
DDX Address : DCtpDMTVwZWpcRrh1Us9UZMcRq9axaAotM
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