Dejitaru Tsuka is a memecoin built on the Ethereum blockchain, inspired by the Japanese legend of a dragon known as the Dejitaru Tsuka Dragon. This mythical dragon is believed to bring good fortune to its holders. The coin exists as an ERC-20 token and forms part of a broader ecosystem that is community-driven and decentralised.
Dejitaru Tsuka operates on the Ethereum blockchain as an ERC-20 token, leveraging Ethereum's established network for security and transaction validation. It uses the Proof-of-Stake (PoS) consensus mechanism, which involves validators staking Ethereum to participate in the network. This setup allows for faster transaction speeds and reduced fees compared to older, more resource-intensive systems. Additionally, it employs smart contracts to enable secure and transparent transactions.
Dejitaru Tsuka has several potential use cases which include functioning as a medium of exchange in e-commerce, facilitating transactions in online gaming platforms, and being utilised in real estate for secure property transactions. It also plays a role in the Decentralized Finance (DeFi) sector by offering financial services without traditional intermediaries.
Dejitaru Tsuka was launched in 2022 by a group of tech enthusiasts, with speculation linking its creation to Ryoshi, the founder of the Shiba Inu project. Since its inception, it has seen significant community growth and market capitalisation. Initially, its development was characterised by cryptic messages on the blockchain, which attracted a niche following and generated intrigue within the cryptocurrency community.