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Fiat Currencies Vs Cryptocurrencies

Fiat currencies and cryptocurrencies are two types of currency with different characteristics. Here are the main differences:

**Issuance and Regulation**:

**Fiat Currencies**: They are issued by governments and central banks. Their validity is guaranteed by a state authority, which means that they are considered legal tender for transactions within a country.
**Cryptocurrencies**: They are issued and managed through a decentralized system, generally based on blockchain technology. They are not controlled by any central body, which makes them less predictable and more subject to volatility, but in favor of privacy and financial freedom of those who own them.

Stability:

**Fiat Currencies**: They tend to be more stable in value than cryptocurrencies, thanks to the support of the fiscal and monetary policies of their respective nations.
**Cryptocurrencies**: They are notoriously volatile, with values that can fluctuate dramatically in short periods of time. Over time, however, cryptocurrencies are likely to increase in value albeit with fluctuations and become less volatile.

Acceptance

**Fiat Currencies**: They are widely accepted as a means of payment in most commercial transactions and are recognized worldwide.
**Cryptocurrencies**: While their acceptance is growing, they are still not commonly used for all transactions and their acceptance varies from merchant to merchant. In contrast, the use of Dynastycoins as a means of exchange to receive ever-increasing products and services through the dynastycoin.club and the purchase of theEthic Voucher multipurpose used in that economic circuit where dozens of merchants and thousands of products and services can be purchased both in physical stores and online with the app dynastycoin.club

Transparency and Traceability:

**Fiat Currencies**: Transactions occur through banking systems, which may require user identification and have centralized records.
**Cryptocurrencies**: Transactions are recorded on a blockchain, which is public and transparent, but the identity of users is often pseudonymous or anonymous altogether.

Form:

**Fiat Currencies**They can exist in paper form (banknotes) or electronic form (bank accounts).
**Cryptocurrencies**: They exist exclusively in digital form and have no physical counterpart. is an exception Dynastycoins which through the purchase of the ethical voucher can be loaded onto a rechargeable card

In short, fiat currencies are controlled by central authorities and are more stable and accepted, while cryptocurrencies offer more decentralization, but with higher risks and less collateral.

Tail Emission of Dinastycoin

tail emissionTail issuance, or “tail emission,” is a mechanism used in some cryptocurrencies to ensure continued inflation or issuance of new tokens even after initial supply limits have been reached. This approach is designed to incentivize maintaining the security and decentralization of the network.

Here's how it works in general:

1. **Initial Release:** In many cryptocurrencies, such as Dinastycoin, there is a maximum amount of coins that can be created. “0 billion in our case. After a certain number of blocks (or years), the issuance of new tokens stops or reaches the maximum limit. This maximum for the Dynastycoins It has already been reached in 2024 after 8 years of production to reach 2 billion.

2. **Tail Emission:** Unlike these cryptocurrencies, those that implement tail issuance continue to issue small amounts of new tokens even after the maximum number has been reached. 

3. **Miner Incentives:** The tail issuance is primarily to ensure that there is an economic incentive for miners (or validators) to continue working on the network. Without incentives, it may become unprofitable to keep the network running. The tail issuance for dinastycoin is 0.6DCY within each block mined. On average, 720 blocks are mined each day. So, 432 new dinastycoins enter circulation each day.

4. **Sustainability:** The continuous issuance of new tokens helps sustain the ecosystem and can also serve as a mechanism to balance inflation and maintain user participation.

5. **Examples:** Some examples of cryptocurrencies that use tail issuance such as Dinastycoin are Monero and Zcash. These cryptocurrencies continue to issue a limited number of tokens to incentivize security and decentralization in the long term as the Dynastycoins.

In conclusion

Dynastycoin's tail issuance is a mechanism that allows it to continue issuing new tokens even after reaching its initial issuance limit, helping keep the network active and secure. 

Random-x mining algorithm

RandomX is a mining algorithm used by Dinastycoin that is designed to be resistant to the use of ASIC hardware, making mining more accessible and decentralized, especially for processors (CPUs). Here is an overview of how it works:

1. **ASIC Resistance**: RandomX is designed to favor CPUs over GPUs and ASICs. This means that mining is fairer, as people can use common hardware (like their computers) rather than having to invest in expensive dedicated equipment.

2. **Randomization**: As the name suggests, RandomX uses a series of randomization techniques to make it difficult to optimize the algorithm for specific hardware. Each time the algorithm is run, it randomly generates data and operations, increasing its complexity.

3. **Proof of Work**: RandomX uses a proof-of-work (PoW) model, where miners must solve complex mathematical problems in order to add new blocks to the blockchain. The miner who solves the problem first gets the right to add the block and receives a coin reward.

4. **Cache and memory access**: The algorithm is memory intensive, favoring memory access over pure computation, to make optimization difficult through specific hardware. This approach requires efficient and high-quality implementation by miners, increasing competition.

5. **Mining pools**: Users can join mining pools to increase their chances of receiving rewards. This is especially useful for smaller miners, who can combine their resources to compete with larger miners.

in conclusion

In general, RandomX It is a response to developments in mining that tended to become more centralized, seeking to promote a more decentralized and accessible network.

Blockchain Proof of Work vs proof of stake

The main difference between Proof-of-Work (PoW) And Proof-of-Stake (PoS) lies in how transactions are validated and how new blocks are created on the blockchain.

Proof-of-Work (PoW)

  • Mechanism: Miners compete with each other to solve complex mathematical problems (hashing) to validate transactions and create new blocks. The first miner to solve the problem can add the block to the blockchain and receives a cryptocurrency reward.
  • Resources: PoW requires a significant amount of energy and computing power, as miners must use specialized hardware to compete.
  • Safety: This system is considered very secure because to attack the network, one needs to control a significant amount of computing power, making attacks expensive and impractical.
  • Dynastycoins uses this technology and started from the most private and obfuscated cryptocurrency, i.e. untraceable, of the entire park crypto which is monero.

Proof-of-Stake (PoS)

  • Mechanism: Validators are chosen to create new blocks and validate transactions based on the amount of cryptocurrency they own and are willing to “stake” as collateral. The more cryptocurrency you own, the more likely you are to be chosen as a validator.
  • Resources: PoS is more energy efficient, as it does not require intensive competition to solve complex problems.
  • Safety: While PoS still presents risks, such as “nothing at stake” (where validators can act maliciously without risking significant losses), many implementations include mechanisms to penalize bad behavior, increasing security.
  • One of the most popular cryptocurrencies that use this technology is Ethereum

In summary:

  • PoW It is based on solving mathematical problems and requires a lot of computing power, while PoS It is based on the amount of cryptocurrency owned and locked, requiring less energy resources.
  • Each system has its own advantages and disadvantages in terms of security, scalability and environmental impact.
Btc-Alpha Announces New DCY/USDT Pair

Within a few days/weeks Dinastycoin on Btc-Alpha will also be able to be traded in Tether. DCY_USDT

The DCY_BTC exchange, which had been suspended for updates after the last hardfork, has also been operational again for a few weeks.

Compared to the past, now also on Btc-Alpha it is mandatory to have personal identification documents in order to be able to operate trades and withdraw deposits.

Don't forget to subscribe on Dynastycoin.club to make the most of the increases in value that will be on dinastycoin in the coming months thanks to the growth of Dinastycoin.club

Dynastycoin club

A revolutionary way to enhance Dinastycoin

The idea is to create an independent circular and deflationary economic system using a newly created voucher code-named ETHIC VOUCHER (ETHV), based on an underlying 1-to-1 guarantee of a cryptocurrency listed on the market called DINASTYCOIN (DCY). In essence, Ethic Voucher becomes a complementary currency to DInastycoin. The Voucher will be used on an already existing proprietary responsive platform called Dinastycoin.club to manage purchases, sales and wallets both online through a shopping center and used market and directly in the store by paying using either the telephone or a rechargeable card that can be managed independently by each individual. user.

The reasons that led us to think about designing and developing this autonomous system independent of fiat currencies are the following:

  1. The euro, the dollar, the pound and the entire fiat world has become a system managed by a select few in the world who create inflationary money without rules, ad infinitum, and instead of distributing it equally they concentrate it on a few thus creating a system corrupt pyramid in which little by little they bought all levels of power: political, media, legal, cultural, scholastic, healthcare, fiscal, sporting, financial. By placing men at the top under their direct or indirect control.
  2. There is concern on the part of users generated by an incessantly growing inflation, not adequate to the increases in salaries, as a result of which purchasing power is continuously lost and we slide further and further towards the bottom of the pyramid, increasingly poor and subject to blackmail, powerless to any harassment imposed by the political fiscal system.
  3. There is ongoing unease on the part of shopkeepers regarding the continuous increases in taxation and bureaucracy which, at least in Italy, for small businesses does not take into account the real turnover but is based on presumptions, empirical and unreal calculations made by their experts, assigning each activity a category that arbitrarily defines when the entrepreneur must invoice and earn. The solution we propose, while remaining absolutely in compliance with all the regulations of each country, allows merchants to cash in a currency other than the euro, which due to its deflationary nature increases in value over time compared to the euro, and therefore allow further profits to the entrepreneur once the sales invoice in euros has been issued, the relevant taxes and VAT have been paid and the cryptocurrency has been set aside for personal use
  4. Shopkeepers also complain about the high costs charged by banks via POS for transactions made with credit/debit cards, in addition to the related delays in bank credits which occur even after several days.

Create an economic system that does not use the euro, but a voucher called ETHIC VOUCHER with an underlying guarantee of an equal quantity of Dinastycoin cryptocurrency already listed on multiple exchanges and exchangeable with BTC and USDT.

The value of the Ethics Voucher therefore becomes Complementary to Dynastycoins. Unlike the other Complementary Coins to the euro, the 1 to 1 ratio is based on quantity and not on value.

The value of the Ethics voucher can therefore increase but, as we will explain later, it can never decrease within the CLUB environment.

The entire system is managed for customers and shops with a mobile app which we now generically call CLUB.

The idea is very simple, 2 changes are managed:

  1. the first we call market exchange rate based on the average value of the last quantity sold in all exchanges with respect to USDT and BTC and the value is always determined by the purchase and sale orders that are executed on the market and therefore without any control they can rise and go down like any other crypto. The more purchases of sales the value goes up the less purchases of sales the value goes down.
  2. We call the second Cambio Club. This gearbox, however, behaves differently. It always depends on the market but only when the market goes up. If the market falls, the value of the last highest exchange rate recorded on the market is kept. If the market rises when it exceeds the CLUB exchange rate, the CLUB exchange rate automatically adjusts and takes that value without ever falling again, regardless of the market

Advantages of the CLUB Exchange

The advantage of being able to purchase products and services within the CLUB becomes evident, as the deflationary platform allows customers to increase their purchasing power and stores not to lose when the Dinastycoin falls on the market, and to earn when it rises. Customers increase their purchasing power by purchasing ETHIC VOUCHER at an AVERAGE price which will always be lower than the value they will find once the Dinastycoins are moved to the CLUB

Privacy

INFORMATION PROVIDED PURSUANT TO ART. 13-14 OF THE GDPR (GENERAL DATA PROTECTION REGULATION) 2016/679

According to the legislation indicated, this processing will be based on the principles of correctness, lawfulness, transparency and protection of your privacy and your rights.

Pursuant to article 13 of the GDPR 2016/679, we therefore provide you with the following information:

A – PERSONAL DATA

Personal data (name, surname, identification document details and copy of the same, telephone number, email address, etc.) will be provided at the time of joining depending on the type of contract signing requested.

Dynasty of Freedom DOF – Non-profit cultural association with registered office in Via Mazzini 39, Desenzano del Garda, 25015 Brescia, as owner of the processing of your personal data, informs you about their use and your rights, so that you can consciously express your consent, where required, and exercise the rights provided for by the General Regulation for the protection of personal data (European Regulation 679/2016, hereinafter: The regulation). Your personal data (provided to us by you, by third parties or coming, within the limits of the law, from public lists) may be processed for the following expressly declared purposes: The personal data provided by the Customer/interested party are mainly processed for the execution of the Contract and the management of credit and, more generally, of the relationship arising from the Contract itself.

Below in particular we specify the meaning of the types of purposes:

  1. by law: that is, to fulfill obligations established by law, by a regulation, by European Union legislation as well as by provisions issued by authorities legitimized to do so by law or by competent supervisory or control bodies (in this case your consent does not it is necessary as the processing of data is related to compliance with these obligations/provisions). Among the data processed by law we mention those relating to tax regulations or anti-money laundering registers.
  2. contractual and, more generally, administrative-accounting, i.e. to carry out obligations deriving from the contracts of which you are a party or to fulfill, before the conclusion of the contract, your specific requests, also through remote communication techniques, including a call dedicated telephone center (in this case your consent is not necessary, since the processing of data is functional to the management of the relationship or the execution of requests); These treatments also include the purpose deriving from the protection of mutual interests in court and for tax purposes or for other legal obligations such as, for example, the keeping of anti-money laundering registers if applicable.
  3. direct commercial and profiling: i.e. to provide you with information and send you informative, commercial and advertising material (also through remote communication techniques such as, but not limited to, postal correspondence, telephone calls including through automated calling systems, fax, e-mail, SMS messages or MMS or other type) on products, services or initiatives of the company, to promote them, to carry out direct sales actions, to carry out market research, to verify the quality of the products or services offered to you (also through telephone calls or sending questionnaires), to optimize the offer itself (also through focused and selected analyses), to carry out commercial communications, to carry out statistical research, to apply one or more profiles to you (for the purpose of making appropriate commercial decisions or to analyze or predict, again for commercial purposes, your personal preferences, your behaviors and your attitudes). (In this case your consent is optional and does not prejudice the maintenance of relations with the company).
  4. indirect commercial: i.e. by communicating your data to third parties so that they can carry out their own independent commercial activities as indicated in the previous number 3. (In this case your consent is optional and does not prejudice the maintenance of relations with the company)
  5. post-commercial posts: i.e. in order to further investigate, following the termination or revocation of relations with the Company, the reasons for the interruption of relations. (In this case your consent is optional and does not prejudice the maintenance of relations with the company)
  6. It is possible that the Data Controller changes the purposes for which your data were collected. In this case, the Data Controller will collect your explicit consent to the new purposes if necessary based on current regulations
  7. 'Special' data, also known as 'sensitive' data, i.e. personal data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership, genetic data, biometric data intended to uniquely identify a natural person, data relating to the person's health or sexual life or sexual orientation (art. 9 of the regulation) or relating to criminal convictions and crimes or related security measures (art. 10 of the regulation). Such data can only be processed with your explicit written consent if one of the reasons indicated in article 9 paragraph 2 and art. 10 of the regulation. Consent is free and optional but refusal to consent could jeopardize the performance of one or more activities requested by you from the company which specifically concerns facts for which it is essential to process this type of data.
  8. Your data may be subject to transfer to third parties for the purposes declared by the Data Controller

B – DATA PROCESSING METHODS.

The processing of your data takes place using manual tools and by means of manual/paper archiving and by means of electronic and automated tools, with methods strictly related to the purposes indicated above. Where you have given consent, the processing can also take place through profiling or comparison of the data. The Company has adopted technical and organizational measures to prevent and limit the risk of loss, deterioration or theft of your data, and to ensure its restoration within a reasonable time in the event of a 'data breach'.

The processing takes place in such a way as to guarantee the safety, protection and confidentiality of your data.

Within the company, they may become aware of your personal data, as managers or processors:

  • employees, managers and administrators or partners of the company who have or hold by law or company statute administrative, collaborator or commercial roles subject to self-employment contracts who operate within the company structure. The Company has provided these personnel with adequate training and instructions to protect the conservation, maintenance, updating and security and confidentiality of your data. Consent to processing by such personnel is not required as it is inherent in the necessary procedures established by law.

Outside the company, your data may be processed by:

  • collaborators subject to non-employee employment contracts operating outside the company's structures
  • commercial workers subject to a non-employee employment contract operating outside the company's structures
  • consultants of any kind (lawyers, doctors or accountants, engineers, architects, labor consultants or other professionals registered or not registered in professional registers), who carry out technical and support tasks on behalf of the company (in particular: legal services, IT, shipping) and company control.

To pursue the aforementioned purposes, the company may communicate or otherwise transmit your data to certain subjects, including foreign ones, who will use the data received as independent joint controllers, except in the case in which they have been designated by the company as "responsible" of the treatments within their specific competence. It is your right to request and obtain the list of third parties to whom such data are transmitted. Your consent to the transmission of data to such third parties is required but, in case of refusal, the Company may not be able to provide the requested services or fulfill the obligations for which it has undertaken towards you.

The data controller uses IT systems in joint ownership with third parties, who therefore become joint data controllers and the relationships with the same are regulated by a specific contractual agreement

It is possible that the data controller delegates the processing of your data to other sub-managers, who in turn have been instructed on how to correctly process the data themselves.

Your data may be subject to profiling, i.e. the collection and aggregation of data concerning you for the purpose of making appropriate commercial decisions or to analyze or predict, again for commercial purposes, your personal preferences, your behaviors and your attitudes. Profiling can only take place with your consent. Failure to provide consent for profiling purposes does not normally compromise the regular development of the relationship on the basis of which your data is processed.

Your data may be transferred to a foreign country. In this case, if this occurs within the European Union, your data will be processed in the same way as it is processed in Italy. In case of transfer to countries outside the European Union, they will be treated respecting the rights provided in your favor by the European Regulation. If your data is transferred to a country outside the EU, it is possible that it will be processed by subjects who guarantee compliance with the rights provided for by the European Regulation through voluntary compliance by the same with provisions of a general nature.

The transfer of data will take place in any way through tools that guarantee the protection of the data from intrusions by third parties.

Your data was collected directly from you and therefore we provide you in this form with the following information where applicable:

  • data of the owner and representative
  • data of the data protection officer
  • purpose and legal basis of the processing
  • recipients of the data
  • intention to transfer data abroad
  • duration of the retention period or criteria for determining the duration
  • right to access, rectification, cancellation, opposition to processing, portability
  • right to withdraw from processing if possible unless required by law
  • possibility of submitting complaints to the authority (Guarantor)
  • whether the data is mandatory for the execution of a contract, or by law and the consequences if consent is not given
  • whether the data is or will be subject to profiling and, if so, the logic of the profiling
  • the existence of automatic decision-making processes and the right of the interested party to have decisions made following human intervention.

Your data will be kept by the Data Controller, in compliance with the intended purposes, for the time necessary to carry out the existing relationship with you and to be able to guarantee mutual protection of rights in court as well as to comply with legal obligations including those of a nature tax. Data not necessary for these latter purposes will be removed within the maximum period established by the right to be forgotten, as indicated further in this information, or, upon your request, even in a shorter time if not in conflict with the rights of the Data Controller.

C – RIGHTS OF THE INTERESTED PARTY

You may, at any time, exercise the following rights expressly recognized as useful by the Regulation:

  • You have the right to lodge a complaint at any time with the national authority (Guarantor for the protection of personal data) if you believe your rights have been violated
  • You have the right to have your data always accurate and updated and therefore can report or request its updating at any time.
  • You have the right to revoke consent to the processing of data where this is not prevented by law or by the need to protect the rights of the owner, including in court. In any case, the request for revocation gives rise to the right to limit the processing.
  • You have the right to access your data processed by the Data Controller by means of a written request, including electronic ones. It is essential that you can provide us with proof of your identity, possibly also by accessing our databases through credentials uniquely referable to your person. You are entitled to free access only once, while you may be asked for a cost contribution for requests subsequent to the first. You have the right to obtain a response within thirty days of the request. You have the right to have your data in printable formats.
  • You have the right to rectification and updating of your data and can at any time request its updating and correction if you verify that the data in our possession is out of date or incorrect. In order to guarantee the updating of the data, we invite you to report any useful changes.
  • You have the right to have the data concerning you deleted, as long as it is not data that the Data Controller must keep for specific legal obligations such as, for example, obligations deriving from tax regulations, anti-money laundering or for the protection of the data controller's rights in litigation. .
  • If you contest the accuracy of your data, or the lawfulness of the processing, or the right of the Data Controller to delete your data, or you oppose the processing of the data and the data controller contests your opposition, you have the right to have your data are stored but not processed except within the limits of what is necessary to resolve the dispute over the data.
  • If the Data Controller modifies or deletes all or part of your data, you have the right to be informed and to oppose the modification and deletion.
  • You have the right to be able to transfer your data - stored and processed electronically - to another operator, within the limits indicated by the Regulation, in a manner that allows it to be easily read and acquired by third parties. The data of which you have the right to transfer (portability) also include data deriving from the automatic observation of your activity carried out through the Data Controller's IT services, such as searches and history of the activities performed
  • You have the right to object to the processing of your data, profiling, use of data for direct marketing, profiling for public interest or for scientific, historical or statistical research purposes.
  • The company may, in certain circumstances, adopt automated procedures in order to take decisions that concern you and in particular in order to decide whether and under what conditions to conclude contracts directly or through third parties with you. In this case, you have the right to request that , before making a binding decision, your position must be examined by a human operator who carries out an assessment of merit.
  • The company may, in certain circumstances, process your data in order to communicate with you regarding commercial or informative or educational initiatives (so-called newsletter). In this case your consent must be explicit and separate from other forms of consent and you can revoke the consent given for this purpose at any time.
  • You have the right to be consulted when evaluating the security procedures for the processing and protection of your data

D – INDICATION OF THE SUBJECTS INVOLVED IN THE TREATMENT

Your data may be processed by the following subjects:

  1. [owner] Dynasty of Freedom DOF association
  2. [co-owners] None
  3. [representative] Not applicable
  4. [responsible] Legal Representative
  5. [RDP/DPO] No appointment necessary

E – HOW TO EXERCISE YOUR RIGHTS

Your requests can be exercised through written communications to the Company's address via Giuseppe Mazzini 39, Desenzano del Garda (BS) or to the email address support@dinastycoin.club, or, if applicable, independently within the personal area made available to you electronically using a unique identifier.

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