As mentioned before, cryptocurrencies represent a very interesting topic for us, here at NetMediaBlog. While we have discussed whether investing with Bitcoin is a wise thing to do in the past, today we’ll widen the spectrum and discuss about altcoins, which cryptocurrencies just like Bitcoin, with similar uses and technologies backing them up, but simply not as popular.
Ever since Bitcoin became popular a couple of years back, many crypto-related projects have begun springing to life. One of these is Digitalcoin, which is an established cryptographic currency that has a transparent history and great chances of success in the future. Thanks to the fact that the Digitalcoin developers along with its committed team works hard in order to ensure network stability and security, the coin remains one of the most fair, and well distributed forks of the original Bitcoin software, which is exactly what has granted it quite a lot of success. When it was first introduced, excitement quickly built up around it, after being presented at a couple of crypto-related conferences. However, after a short period of time, a massive currency dump took place. The causes behind it are still mysterious, but it seems that someone went ahead and dumped around 560,000 DGCs, which made a large number of its followers back off.
Not long after, the Digitalcoin Foundation was formed, which managed to score some good points at first. Not long after, the Foundation took over the development of the coin. However, its original President resigned his position a few weeks ago, stating that the Foundation was not in need of a leader in order to further evolve. Many members of the Digitalcoin market considered this a cop out, mostly due to the fact that the Foundation is now desperately in need of a new leader. Reports also indicate that none of the current members of the Foundation are willing to assume responsibility and take the position. This means that the Foundation now has to turn to the public, in search for someone who is willing to invest a lot of time, but also capital into making sure that the currency gets back on its original route of success. The newly elected President will need to have great leadership skills and be willing to invest both time and resources into the promotion of the cryptocurrency, but also in giving the platform an update to ensure that it stays on top of the other altcoins available at this moment in time.
While there is no set procedure for going about this, anyone who is interested can go ahead and get involved in the market. Once others see that the person in question has great leadership skills and may be a good influence over the currency, chances are that he/she will be chosen to do the job.
Based on everything that has been outlined so far, this isn’t only a great opportunity for anyone that wants to lead a cryptocurrency, but it is also a great way of learning more about the cryptocurrency market, and helping a coin which was once very successful, get back up to its popular position..