DataCoin technical FAQ

DataCoin(DTC) forked from PrimeCoin, and has the following differences:

• Arbitrary binary data can be added to each transaction, up to 128kb per transaction. Block size is limited to 1MB. So you can write per Block: 

up to 1MB of data inside 8 fully loaded transactions
up to 1024 transactions without extra data

• Network generates 1 block per minute, so maximum disk space per year is: 

1Mb(max block size) * 60 minutes * 24 hours * 365 days = no more than 513Gb per 1 year

• Minimum transaction fee is 0.05 DTC and you pay 0.05 DTC for each KB of data. 

1 MB of data costs:
1024KB*0.05DTC = 51.2DTC
Minimum transaction fee can be adjusted in the future, though each miner and pool can setup own minimum fee and accept only transactions with fee > his minimum fee. So transactions with 0 fee can never reach destination. Sender pays fee and it goes to miners i.e fee is distributed between nodes supporting Datacoin network proportionally to their mining power. Fee from fully loaded block is about 50DTC.

• Minted coins are immature, you have to wait for 3200 confirmation before you can use them. It takes ~2 days. 
• Upper cap of coins is 2 billion, with current difficulty and block rewards(rapidly decreasing) this limit will be reached in 400 years, but really it will take much more time, because of difficultly increase.
• There are RPC for send data to network and retrieve it, you can use this perl library: https://github.com/foo1inge/datacoin-browser
• If you have any problems with network connection, please check the official list of fresh nodes: http://datacoin.info/addnodes and make sure you use the latest DataCoin client 

DataCoin - new word in the data storage technologies

I would like to say some words about DataCoin.

DataCoin is more than just another p2p currency, it's space to store very important information and a currency to pay for this possibility. So what unique does it have?

- decentralization and extreme reliability: your data stored on thousand of computers across the whole World, even global nuclear war won't destroy your data completely. It's reliable as the World is. It's new word in data storage technologies and it offers possibilities nobody else can.

- permanent and censorship-free: there are no technical posibility to censor, modify or delete data, once it was published in the network. Only you select what you want to store and network gives you such possibility for fixed price in DataCoins.

- anonimity: the nature of network makes it very hard to get the real person uploaded data into it, it cares about data, not about parties uploading and retrieving it.

- availability: your data is always available in any place of the World where you have internet access.
You can retrieve it using your DataCoin wallet or using online web services like krypte.net

- fast: a few minutes is enough to upload your data, then it will travel around network, duplicating itself on thousand of thousand computers, making impossible to modify or destroy it

- public: everything inside network is public, everyone can read information. This is possibility, not requirement. If you want to hide your data you can always encrypt it before upload.

- platform for future developments, that has all chances to change the way we store important data: it has API so it can be easily integrated with TOP level services, there are some ideas:
decentralized twitter-like applications,
full featured file storage application with support of filenames and client side encryption
Get started now and say your word about the future of data!

Check it out:
http://datacoin.info/
https://krypte.net/

Interested and still wonder how to get this coin? There are a few ways:
- mine it, join one of the DataCoin pools:
http://dtc.xpool.xram.co/
http://dtc.gpool.net/
- buy it on crypto-exchange:
http://bit.ly/19IH3rJ and http://bit.ly/1c2VZNz

I see great opportunities in this coin, do you?