DebitMyData PoW ā Web Wallet
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About this app
The DebitMyData Proof of Work (PoW) Cryptocurrency is a decentralized digital currency built on the same principles as Bitcoin, using a PoW consensus mechanism that requires miners to expend computational energy to validate transactions and secure the network. Its mining process, protocol security, and blockchain architecture operate in a manner indistinguishable from Bitcoinās own, ensuring a tamper-proof ledger and reliable peer-to-peer digital asset transfers.
The defining innovation of DebitMyData is its unique recurring supply model. While the initial supply is fixed at 21 million coinsāmirroring Bitcoinās classic capāDebitMyData introduces a perpetual human energy concept: After the first 21 million coins have been mined, an additional 21 million coins become available for mining, and this process reoccurs indefinitely. This mechanism is based on the premise that human effort and participation in the network are inexhaustible, enabling ongoing mining opportunities for new and existing users. The total supply thus refreshes every time the current cap is fully mined, contrasting sharply with Bitcoinās permanent hard cap and fostering continuous inclusion and wealth creation.
Key aspects of DebitMyData Proof of Work Cryptocurrency:
Consensus Mechanism: Uses PoW, requiring miners to solve mathematical puzzles (hashes) through computational effort. This system prevents double-spending, secures the blockchain, and incentivizes honest participation by rewarding miners who add new blocks.
Decentralization & Security: The distributed ledger is maintained by a network of nodes and miners without a central institution, making transaction history immutable and resistant to manipulation, such as 51% attacks or fraud.
Supply Model: Every time 21 million coins are mined, the supply resets, and a new tranche of 21 million coins become available for mining. This creates an endless supply cycle, based on the idea that human energyāand thus mining participationānever runs out.
Economic Impact: Unlike Bitcoinās finality in token issuance, Debit My Data allows for perpetual currency creation, opening avenues for persistent user engagement and long-term network growth without diluting scarcity prematurely.
Accessibility: The network remains open to all miners, allowing newcomers equal opportunity to contribute energy, validate data, and earn rewards after each new coin release.
The defining innovation of DebitMyData is its unique recurring supply model. While the initial supply is fixed at 21 million coinsāmirroring Bitcoinās classic capāDebitMyData introduces a perpetual human energy concept: After the first 21 million coins have been mined, an additional 21 million coins become available for mining, and this process reoccurs indefinitely. This mechanism is based on the premise that human effort and participation in the network are inexhaustible, enabling ongoing mining opportunities for new and existing users. The total supply thus refreshes every time the current cap is fully mined, contrasting sharply with Bitcoinās permanent hard cap and fostering continuous inclusion and wealth creation.
Key aspects of DebitMyData Proof of Work Cryptocurrency:
Consensus Mechanism: Uses PoW, requiring miners to solve mathematical puzzles (hashes) through computational effort. This system prevents double-spending, secures the blockchain, and incentivizes honest participation by rewarding miners who add new blocks.
Decentralization & Security: The distributed ledger is maintained by a network of nodes and miners without a central institution, making transaction history immutable and resistant to manipulation, such as 51% attacks or fraud.
Supply Model: Every time 21 million coins are mined, the supply resets, and a new tranche of 21 million coins become available for mining. This creates an endless supply cycle, based on the idea that human energyāand thus mining participationānever runs out.
Economic Impact: Unlike Bitcoinās finality in token issuance, Debit My Data allows for perpetual currency creation, opening avenues for persistent user engagement and long-term network growth without diluting scarcity prematurely.
Accessibility: The network remains open to all miners, allowing newcomers equal opportunity to contribute energy, validate data, and earn rewards after each new coin release.
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No data shared with third parties
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This app may collect these data types
Personal info
Data is encrypted in transit
You can request that data be deleted
Whatās new
New design, minor improvements.
App support
About the developer
Preska Thomas
info@debitmydata.com
333 Las Olas Way #425
Fort Lauderdale, FL 33301-2884
United States
