Getting the Better Coin
Why are you here? Are you getting curious to have a better money management? Do you want to have bigger savings, even loaning? Whenever you need some amount of money, I know that bank loans is the first thing that comes in your mind. You have to prepare everything, to the very detail of you and your credibility to pay for the money you are borrowing. It takes time waiting before you get approved, and your success rate is not always above 50%, except when you are really well-off. Traditional bank loaning requires strong credibility to pay and it usually requires a collateral, and that’s the reason why Cryptocurrency was born.
What is Cryptocurrency? The word “Cryptocurrency” is derived from the encryption techniques which are used to secure the network. It is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. The birth of Cryptocurrency was 2009 by Satoshi Nakamoto and flourished highly because of the Blockchain technology they used. Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value according to Don & Alex Tapscott, authors Blockchain Revolution (2016). In simple terms, Blockchain is a time-stamped series of unchangeable record of data that was managed by clusters of computer. It means, it is “decentralize” or has no central authority unlike banks.
Decentralize means every participant in the network can access history of transactions and very transparent but respects your privacy. How did it happen? Instead of putting names who bought or sent a bitcoin, that person’s public address will only be visible. Unlike banks that has centralized system, no one can see who made transactions but only the privileged users can. They are the only one who can access and manage the transactions by each participant or account holder.
Cryptocurrency has a better deal to offer. It is easier to transfer funds, has detailed forecast, convenient, instant settlement and you are the owner of your account that is not handled by any centralized cash system. All you need to do, is get an expert financial adviser or financial manager, verify its legality and identity, then go place your coins and have a better money management, especially if you wanted to grow or start your own business.
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