What is Verify Once and How Does It Work?

Fraud is a huge problem today. Each year, millions of people worldwide are thought to be a victim of identity theft each and every year, in addition to insurmountable amounts of profits lost by businesses for similar reasons. It is why many governments around the world have introduced various Know Your Customer (KYC) and Anti Money Laundering (AML) laws to counteract this. It is extremely likely that you have had to verify your identity - by providing a copy of your driving licence, passport or identity card – when applying for services or buying goods online (especially financial products and services). This process causes problems for both individuals and businesses. For individuals, it can take many hours or even days to become verified, by which time you may not need the product or service anymore or have found another quicker alternative. Likewise, for businesses to check the identity of all customers in such detail is very time consuming, costly and harms conversion rates.   Verify Once has been built to solve these issues. We know it can be frustrating to keep verifying your identity with each new company you wish to buy products from or whose services you wish to use. Especially when this process can take many hours or even days, leaving you without the product or service you need - perhaps desperately. The reason why we created Verify Once was to reduce the time and need to go through the verification process with multiple companies online and keep providing the same documentation again and again. This is why Verify Once does exactly as its name indicates. All you have to do is verify once, and you will never have to verify again in the Dagcoin ecosystem. But what do you need to do to verify yourself once and for all, and how long does it take? Getting verified with Verify Once is a quick and easy process that takes just a couple of minutes. All you have to do is enter your personal details, and upload a copy of a valid identity document as well as proof of address. Hit submit and you will receive an answer in just 60 seconds. Once your documents have been verified, they will be connected to the email address you registered on the Verify Once platform. To ensure that you and you alone have access, your account will be password protected. Meaning that only you have access to your verification data, all approved accounts with different companies/websites, and the possibility to apply for verified accounts with new businesses whose products you wish to buy or whose services you wish to use. Verify once - and never go through verification again in the Dagcoin ecosystem with any merchant that accepts VerifyOnce. But it isn’t just individuals that are at risk. Ecommerce, online gaming, and even social media companies are at high risk. Anyone with an e-commerce shop will be all too aware of chargebacks and fraudulently used card details. The new wave of Know Your Customer (KYC) and Anti Money Laundering (AML) laws are therefore widely welcomed. However, understanding and meeting these legislations can be difficult. Some larger companies and even smaller ones have taken specialist legal, AML or fraud staff on board in an effort to meet these new laws. But staff are often not just needed to set up and update these processes, but also to monitor and verify customer applications and accounts on a daily basis. This can lead to all kinds of outcomes, businesses that can verify customers quickly and efficiently, while at the same time greatly reducing fraud, can grow significantly. While companies with a slow, inefficient or weak process can see far lower customer conversion rates, and increased cases of fraud, criminals see them as a weak link in the industry. Verify Once processes and verifies customers, so you don’t have to. Saving you both time and money. At the same time meeting, all necessary Know Your Customer regulations. This is done by using state of the art technology which is fast, secure, automated, and integrated with artificial intelligence. Meaning that as criminals adapt and improve, so will the system. Conclusion Fraud costs both individuals and businesses around the world billions each and every year. This is why governments around the world have introduced various Know Your Customer and Anti Money Laundering Laws. This means as individuals you are often asked to confirm your identity by providing a copy of your ID, driving licence or passport when buying products or applying for services online. Businesses ask for this information not just to meet these regulations, but to keep you safe and prevent revenue losses to fraud. However, for individuals, the verification process can be time-consuming and repetitive (having to submit the same information again and again to different companies). And, for businesses, it is costly in terms of hiring the staff to check through your data and hiring experts to set up these processes. Verify Once gives you the chance to verify just once and then buy any products or apply for any service without needing to verify again in the Dagcoin ecosystem (with any Verify Once partner) and for businesses the safety and security of a system that meets KYC regulations, while at the same time cutting costs dramatically. Visit https://verifyonce.com to learn more.

Every day more and more people are switching to opportunities created by cryptocurrencies. While blockchain is currently the focus of many technology companies, DAG technology presents a viable alternative for different technological verticals: reducing transaction costs, improving transparency and increasing efficiency - all whilst providing a sustainable platform for companies to maintain the integrity of digital assets and transactions. In a highly competitive marketplace, DAG could really be the future of cryptocurrency. What is DAG-chain? Directed Acyclic Graph (DAG) technology provides a new and unique way of imbuing all the benefits of blockchain within a more succinct system. Like blockchain, users on a network can secure each other’s information by referencing the previous unit transactions they created. However, unlike blockchain, DAG-chain transactions are confirmed between users in topological ordering. This means that information with any given value can only go from earlier to later in the sequence and does not have to loop back on itself to gain verification. This cuts out a lot of time making transactions and requires far less power to activate. Data is therefore sent from one node to another without having to loop back or follow a particular route. Think of it like a river that continues its course forwards in a sequential stream. Over time, tributaries join this river without slowing it down but instead creating a more powerful and faster flow. This river is always directed in a certain direction and does not have to go backwards to reach its final destination. This technological advancement allows DAG-chain to be used by larger communities as it's more scalable. What's more, the bigger the user base, the faster the transactions become without affecting the cost.

What is the true value of something? Items we purchase can also lose value over time as a result of wear and tear or new and better technologies. Computers and phones are great examples of this. Buy a $1000 smartphone today, and in just 5 short years it will be practically worthless. But what exactly creates the value behind the money in our pockets or the cryptocurrencies in our digital wallets? And, should this change? How Were Regular Currencies Valued? Classic metal coins – what we would call money today – began to enter circulation thousands of years ago. This money gained its value from the material it was made of, a gold coin obviously being more valuable than a silver, bronze, or even copper coin. This system was in place until the advent of paper money which worked on the premise that paper or non-precious metal coins provided by a bank or government could be exchanged for a certain amount of a precious metal if the holder of the money wished. For example, one British Pound used to be exchangeable for approximately 450g of silver. How They’re Valued Today However, today, no major currency in the world bases its value on an exchangeable weight of gold, silver or any other metal. The problem with this was that no country could increase how much money was in circulation without also increasing the amount of gold, silver, etc., that it held in its reserves. A fiat currency creates its value based on how much of the currency is in circulation, the number of people who are using it, as well as the health of the national economy it is from. This kind of currency gives governments more options. For example, when we look back at the financial crisis 10 years ago, governments were able to print more money. This meant that there was more money in the system that could be lent out to both individuals and businesses who could use this to buy goods or services, hire more workers or expand operations, the aim being to stimulate growth. What Should The Value of Cryptocurrencies Be Based On? We must understand that with cryptos, there is no bank or government in control of them and that almost all of them have a fixed number of coins in circulation or that can be mined. For this reason, no additional coins can be created to stimulate an economy during a downturn or even be taken away when inflation is too high. Cryptocurrency can only realistically be based on the size of the community using it, the number of businesses who accept and the number of transactions that take place each day using it. This is why Dagcoin has been created with a focus on usability. This has been done by creating a free suite of software to make it easy for businesses to start accepting Dagcoin. This software attracts merchants, which attracts users, which in turn attracts more merchants, and so on. So far Dagcoin has grown to over 300,000 users and 700 merchants worldwide. This focus on usability also means that Dagcoin cannot be traded and is found on no such exchange for that reason. Once the community is huge, Dagcoin will be valued by the laws of supply and demand. This will happen when the usability has reached levels that the price of Dagcoin is not influenced by trading. Conclusion Today, money gains its value from the government of the nation that controls it, the number of people using the currency and the state of the national economy. People have trust in the currency and trading does not influence the everyday price of it. Cryptocurrencies cannot gain their value in the same way in the beginning, therefore the value must be first based on: The number of people using the coin The number of businesses that accept the coin The number of daily transactions using the coin …and that’s exactly how and why Dagcoin is valued in this way.

Paying taxes It’s fair to say that no-one really enjoys paying taxes. However, almost all of us pay our taxes dutifully because of the wider societal benefits, as well as for us as individuals. For those of you that pay your taxes, it is a bitter pill to swallow seeing billionaire owners of large corporations like Google and Amazon get away with paying almost no tax. It is made worse by poor government decisions. Like billions squandered on worthless projects or services that are promised, but never actually materialise. In some cases, fraud and embezzlement by politicians and their associates also see much of your hard-earned money lost forever. Is Cryptocurrency a solution to tax fraud? In total, it is believed that companies lose on average around 5% per year as a direct result of fraud. But just how could cryptocurrencies solve this problem? That is very simple: transparent transactions! For example, all tax money paid by large companies and rich individuals to the government will be clearly visible. Likewise, at the same time, government funds that are set aside to pay for certain services, such as education can be seen and tracked. For this reason, any under or overspending can be easily seen, along with who is receiving the payment and for what services. This makes it much harder for politicians to take some of this money for themselves or to provide preferential or overpaid contracts to friends, relatives or business associates. With cryptocurrencies such as Dagcoin, it is much harder or impossible to commit such crimes similar in nature to credit card fraud. Because no physical card or card details are provided. With a regular card, it can be swiped and cloned in a store or restaurant very easily, details can also be stolen from an online store database, or even provided to criminals directly, but unknowingly. With a cryptocurrency, you and you alone have access to your cryptocurrency wallet. Even if someone were to steal your phone, they would not have access without knowing your passwords. For businesses too, there would be a huge advantage of no fraudulent chargebacks. Chargebacks cost businesses around the world over $40 billion each year. A chargeback happens when a person pays for goods or services using their credit/debit card and then asks their bank to take this money back from the business. However, in the case of fraud, the client has likely already received the services or goods, or these goods are already on route. By the time a business is aware of the fraudulent chargeback, the client is often long gone with the money and the goods. As cryptocurrencies like Dagcoin do not have chargebacks, businesses can relax without the worry of chargeback fraud. Why Dagcoin is the most transparent currency Dagcoin was not just built to be a currency that could be used every day, by everybody, everywhere, it was also made to be the most transparent cryptocurrency. Currencies such as Bitcoin have hit serious legal problems in many countries around the world as a result of the anonymity of transactions, and their use to pay for illegal goods secretly in places such as the dark web. This has led to Bitcoin and other cryptocurrencies being banned in some countries around the world. It is these problems that have hindered their expansion into the mainstream, as the wider global population and governments simply do not trust them as they are not transparent enough. Unlike other cryptocurrencies, Dagcoin keeps a full transaction history, just like you have with your bank statement. This doesn’t just mean that it can be used in the same way, to track income and expenditure or as a record when applying for a loan or mortgage. Knowing the senders, receivers and values of these transactions makes Dagcoin as transparent as a regular bank account, but with added security. Conclusion Large corporations and very wealthy individuals are getting away with paying very little or no tax. Governments and politicians are wasting and even embezzling public money for themselves. At the same time, benefit frauds are also costing the system billions. All these things mean that regular dutiful taxpayers like you and me are left to foot the bill by paying even higher taxes. However, cryptocurrencies such as Dagcoin offer a solution. That solution is transparency. 

In order to reach the heights it has today, the crypto sector has experienced a series of significant changes over time. In the beginning, crypto mining was carried out with modest computers and little-to-no complicated or high-powered tech. Bitcoin was generated (mined) using only general-purpose central processing units, or CPUs. The appeal of easy money drove an inflow of new participants, resulting in the quick development of the Bitcoin network – so much so that these first-generation miners were unable to keep pace with demand, leaving them outdated in less than a year. Once outpaced, more powerful graphics processing units, or GPUs, were used to carry out mining endeavours. Chances are that you’ve seen images of gigantic, slightly dystopian, warehouses loaded from floor to ceiling with thousands of these devices, all linked together — a crypto mine. As you can imagine, the amount of energy and resources required to carry out these operations increases year on year. In fact, the amount of energy used to mine and trade Bitcoin alone now averages at over 200 TWh per year — a figure comparable to the energy usage of the entirety of the nation of Thailand. Is this just down to increased usage, interest, and desire to mine? Not quite. Why Most Cryptos are Unsustainable In order to understand why most cryptocurrencies require more energy to trade and mine, we need to understand how they work. By now, you’ll have almost certainly heard the term ‘blockchain’ — and herein lies part of the problem. One of the hailing graces of cryptocurrencies is their perceived security. The world’s two biggest cryptos, Bitcoin and Ethereum, utilise a ‘Proof of Work’ or ‘Pow’ system, which essentially requires users to solve difficult digital equations in order to mine coins and add a new block to the blockchain in the process. While this was designed in order to prevent the security of these currencies from becoming compromised by unscrupulous individuals, an unfortunate side-effect is the massive amount of computing power required to beat other users to the punch on solving these equations, thereby earning a mined coin. The biggest, best, and most powerful stand to ‘win’, and with the blockchain increasing in size and complexity with every transaction, the computing power required to be successful in these cases also increases exponentially. As you can imagine, this is an ever-growing problem and is far from sustainable. Dagcoin is Different — Here’s How Unlike blockchain-reliant cryptocurrencies, the architects behind Dagcoin have taken a different approach to confirming transactions on the ‘DAG-chain’. Dagcoin uses a proprietary system that is based on a small, static number of witnesses who confirm transactions. This means that no matter how many transactions are carried out over time, and how large the volume of information stored within the DAG-chain grows to be, executing energy-thirsty mining operations isn’t necessary, and never will be. To find out more about how Dagcoin is working towards building a cleaner world with decentralised finance at the forefront, head to the sustainability page.

There isn’t one business in the world that doesn’t want to grow its customer base and increase its revenue. Companies are always looking at different ways to attract new customers, focusing on strategies such as marketing campaigns, their online presence, special offers and even the age-old “word of mouth”. Accepting another currency is very rarely on the list of ways to attract new customers. However, cryptocurrencies are growing in popularity around the world and their users are increasingly looking for places to spend them. With Dagcoin boasting more users than the nation of Iceland in its entirety, it’s safe to say that the 670,000+ potential customers are ones you cannot afford to skip out on. You are here because you see the potential for your business in accepting Dagcoin as a payment method. If you don’t have a Dagcoin wallet or dags yet, go read our quick how-to guide here and come back. Now let’s get started… Sign up for Dagpay Signing up is simple and easy. All you have to do is visit the Dagpay website, fill in the online application and go through a quick verification process – just like you did with SwipeX – and you are done. Now you have access to the full suite of free Dagpay software that helps you to accept Dagcoin payments at your business location (shop, café, gym, etc.), online, and via invoice. As well as helping you to receive and send payments, the bundle also includes software that helps you to check payments, and monitor your finances. How to Accept Payments and Send Invoices There are three main pieces of software that we will go over in this section, some of which will be more appropriate for your business than others: 1. POS System If you run a shop, café, restaurant, gym or any other location in which customers visit you in person to buy from you, this software is perfect for you. All you need to do is download the Dagpay POS app from Google Play onto the smartphone or tablet you wish to use to accept payments and you are ready to go. When a client wishes to pay with Dagcoin all you have to do is: Enter the amount the client needs to pay The app will then create a unique QR Code The customer then scans this with their DagWallet or Webwallet on their phone You receive the payment This entire process takes less than 30 seconds. It is as quick and easy as accepting a card payment, but with some extra benefits. Firstly, Dagpay currently has no fees, unlike credit and debit cards, and secondly, customers are unable to make chargebacks preventing fraud. 2. Webshop Plugins If you run an online business the most important thing for you is that as many potential customers as possible leave your website having made a purchase. One of the major reasons people abandon their carts is that there is not a suitable payment method for them. If your online shop is on WooCommerce, Magento, OpenCart, Prestashop, or Easy Digital Downloads platform, all you have to do is download the free plugin and you are ready to start accepting dagcoins. It really couldn’t be easier! We are adding free plugins for other eCommerce platforms all the time, so don’t worry if yours was not named here because it may be available. If it is not, or your site was custom-built, a web developer can quickly and easily add this payment method to your site, because all the documentation and instructions they need are freely available on the Dagpay website. Saving you a lot of money and time on a custom-built solution. 3. Email Invoicing Whether you are a freelancer or multinational you will need to be able to send and pay invoices. The intuitive email invoicing app helps you to create invoices with a unique QR in seconds. Not only can you create invoices more quickly, but also receive payments quicker too. This is because all your client needs to do is simply scan the QR code with their smartphone and the money will be in your wallet within 10 seconds. No longer will you have to wait hours, days or even weeks for a payment! Join Merchant Finder If someone said to you there is a place where you can advertise your business to almost 700,000 people for free. You would be there and signing up in an instant. This is not a fantasy, it exists — and it’s called Merchant Finder. Just like signing up for Daypay, signing up for Merchant Finder is also free and simple. However, unlike the other steps, it is important to spend more time here to make your business profile as appealing as possible to potential customers. The businesses with the most appealing pictures and best descriptions will gain the most traction and with it new clients. If you are a local business such as a café, it is important to make your location your key selling point. This is because Dagcoin users can search the site by location and most like to support businesses in their area that accept the currency. If you sell your services, for example, if you are a graphic designer, then it is much more important to focus on what you offer. In this case, your company description and pictures are key to your success. Conclusion Accepting Dagcoin as a payment option couldn’t be simpler. All you need to do is sign up to Dagpay to gain access to a suite of free software that includes the 3 following applications: A POS System that makes it possible for you to accept Dagcoin payments in your shop, café, bar or gym. To accept payment all you need to do is enter the amount the customer needs to pay into the app, a QR code is created, the customer scans this with their DagWallet on their phone and the payment is complete. Simple! Web Plugins make it possible to accept Dagcoin payments in your online store. If you use Woocommerce, Magento or one of the other major eCommerce platforms, simply download the corresponding free plugin and you are ready to start accepting Dagcoin payments. Email Invoicing, create and send invoices to your clients in seconds with the invoicing app. Each invoice includes a unique QR code. All your client needs to do is scan this with their DagWallet and you will receive the money in less than 10 seconds. Lastly, by signing up for Merchant Finder and creating your free profile. Your business is now visible to a growing community of over 670,000 potential customers. Join over 1,500 businesses who are already accepting Dagcoin, and start growing your business, today.

After effortlessly moving beyond the musings of finance experts and investors, and breaching popular culture, it’s become clear — Cryptocurrency is here to stay. In case you feel a little left behind, here’s a crash course on Crypto’s turbulent journey, impact, and the different types you’re likely to hear about. Where did it all begin? Although Crypto as a whole is still in its late adolescence, it was as far back as 1998 when ‘b-money’ emerged — an electronic finance system that offered full anonymity, and laid the groundwork for what we all know as cryptocurrency today. Following the global financial crises of the 00s, trust in banks and the stock market was at a record low. The public required an alternative financial system, and in 2009 Bitcoin answered the call. While initially considered to be just for tech nerds and shady black market transactions, Bitcoin and many others have since broken through into the mainstream as a viable alternative to common currencies.  So what’s the blockchain? Freeing itself of restrictive rules and fees levied by traditional banks, Bitcoin owes much of its success to the technology it utilises – the blockchain. Blockchain removes the figurative middleman and puts the control of all transactions in the hands of its users. Beyond this, all transactions are fully encrypted, ensuring complete privacy and security, and locking out any methods of gaming the system. It’s not just Bitcoin, though. There’s a good chance you’ve heard of Ethereum, Ripple, Litecoin, Monero et al. With over 5,000 cryptocurrencies part of an ever-growing list, the majority use the blockchain. DAG-chain cryptocurrencies Despite efforts to improve on it, few effective moves have been made to introduce an improved version of blockchain technology. Fortunately, there’s DAG-chain — the technology utilised by Dagcoin. While the blockchain system is vast, its initial speed and low cost have been stifled by the ever-increasing number of logged transactions. DAG-chain, however, does the opposite – as the amount of users increases so does the speed and cost of transactions.  The system is evolving, as should you. 

The pandemic has had an astronomical impact on the way we conduct our professional lives. Whether it be navigating how to subsist through remote work, or losing jobs entirely, the impact has been huge and demanded adaptation.  With people less able to socialise or move around, many businesses – especially in the hospitality and tourism sectors – have closed, and countless others have gone bankrupt. This led to untold millions of people around the world being made unemployed, with some still in that position. That’s why we created… Dagmarket Jobs In order to help people who have been made unemployed because of the virus, as well as those on reduced hours and salaries - we developed Dagmarket Jobs. Very simply, it connects those who need something done with people who are willing to do the work, with all jobs completed on the platform paid for with dagcoins. Dagmarket Jobs is perfect for individuals who are looking for someone to help them complete a small project or a simple task. Whatever task you need completing, the platform is a great way to connect with job seekers around the world and find the most suitable person for the task.  Last year, more than 30 million people lost their livelihoods in the United States alone. This is a level of unemployment that has not been seen since the great depression in the 1930s. And, the US is not alone. Hundreds of countries around the world are also reporting record unemployment figures, despite unprecedented stimulus packages designed to keep people in the working world. For those of you that are looking for a job right now, or are looking for extra money to cover your reduced wages, it might seem like an impossible task.  Dagmarket Jobs is a great way for you to find work and earn more dags at this difficult time. This could be the time that you gain a new passion or skill, or obtain the work experience you need to take your career to the next level. Because you choose when and where you work, you have complete control.  Are you looking for a helping hand? Try Dagmarket Jobs!

In the crypto sphere, there are many people who see cryptocurrency as a place where they can hide their assets, avoid taxes and stay anonymous. At the same time, many of us lack trust in our governments because they have spent millions or even billions on expensive or needless projects. Even worse than that are the all too common news stories of politicians embezzling public money or taking bribes. What we all want is a system where criminals cannot avoid detection and where all public money can be checked to ensure it is being spent on what was promised and none is being lost unjustly. And more than that - give billions without access to a bank account, the ability to create a credit history for themselves. Dagcoin is a cryptocurrency that offers just this transparency — the transparency that builds trust between both users and governments. Let’s find out how… Transparency for Governments It is fair to say that most of us do not trust our governments. Right?! And that lack of trust is absolutely understandable. Not only do they not fulfil their election promises, but they also squander millions or even billions on pointless projects or projects that never even see the light of day. But, even worse than that, it is believed that corrupt politicians steal over $1 trillion each year from the world’s poorest countries. But it isn’t just in the developing world where this occurs. It happens much closer to home too. Public funds are also not just stolen by the politicians directly, but by the owners, family and friends of companies who receive this money. One example of this was when a local government gave Northampton Town Football Club a £10 million loan to expand their stadium. And then, the vast majority of this money mysteriously vanished, and the improvement works promised for the stadium, although started, were never completed. It was believed that the owner of the club transferred this sum to various subsidiary companies owned by himself and family members in exchange for bogus services. Eventually, the owner of the club was ordered to pay the local government £2.1 million as a result of this theft. Despite that, many millions are still believed to have been lost for good, despite the efforts of the police and banks to track down this money. But just how could Dagcoin prevent this from happening? And ensure that money promised for individuals and projects goes where it is intended and is not lost unjustly or illegally? Full transparency of transactions is possible with Dagcoin using the Chain Explorer. This means that it is possible to see if your local government has spent the $10 million they promised on the local roads project or $10,000 on the books they promised for your children’s school. Of course, we don't need to see exactly what a certain government department is doing with their money, but having access to this information ensures that public funds and those companies that receive them have an extra incentive to use them for the decided projects and services. Because if they don’t or money goes missing, there is a traceable sequence of transactions that can be followed by aware individuals, a chosen independent authority or the police. Transparency for You Although there are many who see cryptocurrencies as a way to avoid taxes. The vast majority of us pay them diligently because we know that without them we would not have doctors when we are sick, school places for our children or police to keep our streets safe. Because of the Chain Explorer, we are all, as individuals - and businesses - able to keep a full history of transactions - just like with your bank statement. This may not seem like a big thing for those of you with a bank account. But for the 2.5 billion people worldwide without a bank account, this creates a world of possibilities. For these people opening a bank account is not possible usually because they earn too little to open an account ($1-2 a day or less). For the banks, these people cost them more than they can earn from their deposits. This means that these people are restricted to cash and have no means of creating a credit history to borrow. By using Dagcoin, to receive a salary, buy food, pay bills, etc., these people can create a credit history. This can be used to show not just their income and expenditure, but also what they can afford to pay back a bank or other lender. The minute you can borrow, you can invest, whether that is in new equipment or stock for your business, your or your children’s education, etc., the possibilities and opportunities are only limited by your imagination. In Conclusion... Imagine a world where you can use crypto not just to receive your wages, pay for bills and buy goods. But one where you can also build a credit history and borrow money? It sounds amazing, right? Now imagine that your government uses this currency too and it is possible to see their transaction history. The police can also find criminals much more easily, gone are the days of criminals thinking they can use crypto to hide money. We all want a future where our governments are more transparent and open with us because we feel they have this information about us already. Dagcoin doesn’t just provide solutions to the usability of crypto and transparency for governments and individuals. But, it gives the poorest people in the world without bank accounts the chance to build a credit history, and potentially borrow money to grow as individuals.