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Diko launches its Ethereum based privacy cryptocurrency

Sat Mar 14, 2020 6:41 pm

Diko privacy cryptocurrency is now live following the completion of its smart contract development on the Ethereum blockchain. The ERC20 token is now ready and open for use by the public for financial transactions after its March 11 launch.

DIKO token addresses anonymity and simplicity issues in cryptocurrency transactions

The DIKO token kills two birds with one stone: anonymity and simplicity. These two are among the major concerns facing the finance and blockchain sector. Diko aims to address these issues through its privacy-focused cryptocurrency.
People’s trust in banks and other financial institutions is on the decline as cases of data breaches, identity theft, and fraud increase. In the backdrop of such occurrences, privacy rights and protection of users’ data have become matters of utmost importance. However, financial institutions have failed to guarantee user confidentiality, as they remain vulnerable to attacks and regulatory interference.
Consequently, cryptocurrencies have become the go-to recourse for the more privacy conscious people. For such people, various alternatives exist providing differing degrees of security and anonymity of financial transactions. Unfortunately, blockchain technology is quite complex and use of cryptocurrencies requires some technical knowledge of the technology.
This is a genuine challenge for most users as they are required to copy and paste long illegible addresses while sending funds. Under such circumstances, a small error could be quite costly. One could easily send funds to the wrong account and lose them forever, as blockchain transactions are irreversible.
The available blockchain applications and platforms further compound these problems, as most are not quite easy to use. Most fall short on user interface design thus requiring users to have technical understanding for them to make simple transactions.
Diko addresses all these issues with their secure, ease to use, anonymous payment blockchain-based platform.

The DIKO solution

The DIKO token allows people to send funds anonymously via email just like PayPal. Therefore, this launch signifies the ushering in of a new era that prioritises user privacy in all financial transactions. You will no longer have to worry about your confidentiality or your transacting partner. DIKO employs the super secure Zero Knowledge Proof (ZKP) network infrastructure as the foundation for its platform. ZKP is a robust cryptography algorithm that allows the verification of data without revealing the data. Only the sender and recipient are privy to the transaction data as the ‘verifier’ and ‘prover’ respectively. This technology protects against eavesdropping as it obscures the real data, whereby only parties to the transaction can provide proof.
Diko is built with the ease of use in mind as many people cite the complexity of blockchain technology as the major obstacle to using cryptocurrencies. Diko not only eliminates these complexities but also goes another step ahead and creates a super easy to use platform that allows sending crypto via email addresses. The platform relies on a robust infrastructure built on a blockchain technology foundation with an additional layer specifically built to deliver unique user experiences.

DIKO ICO

The Diko project will be conducting an Initial Coin Offering (ICO) from April 1st through to November 1st 2020 with the aim of selling 10,500,000 DIKO tokens. The price for each token is $2.62. The funds obtained from the ICO will facilitate development, marketing, and operations of the Diko blockchain.
Grab this opportunity and be among the first to get on board this game changing initiative.

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