With over 50 cryptocurrency companies in the market, vendors of anonymous transactions are spoilt for choice. This mishmash of crypto coins can be a little stupendous though. To help you with the best in the market, here’s our rundown of the main characteristics of cryptocurrencies.

How cryptocurrency work

Money Trade Coin is semi-autonomous: Every remittance on the blockchain is broadcasted publicly and will be visible for eternity. Transactions cannot be copied, you find it to be just limited entries in the database, which no one can change without specific conditions. Tying addresses with the real world entities (Bank account) have become secured alternate for local currency across the globe, because everyone has to cash out somewhere, and that usually involves linking MT Coin addresses to the bank accounts.

Most cryptocurrency still relies on a bitcoin ledger but uses technology that jumbles the path of the transaction. MT Coin determines the certain amount of cryptocurrency was sent, but the path leading from sender to recipient is concealed. It is partially pre-mined coin to make money transfer hassle-free, as it decentralized process.

Privacy Tech Algorithm

MT Coin uses proprietary algorithms, formulated to make it extremely advanced and hack-proof crypto. Private “keys” which are long strings of numbers and letters linked through the mathematical encryption algorithm are used to create them. Using a cryptographic hash, algorithms SHA256, Keccak, Scrypt-N, Scrypt-Jane, X9, X11, X13.

How to ensure complete Privacy

All MT Coin transactions are stored publicly and permanently on the network, which means both a route for hackers to get your information and a way for you to managing your money and grow investments. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. MT Coin is featured with AML (Anti-Money Laundering) feature, enables it to be used by companies and individuals transacting with the state, Regulated and unregulated bodies.