What is called cryptocurrency
Desember 02, 2021
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What is Cryptocurrency?
Cryptocurrency is digital nowness where transactions can be finished online. Dissimilar to the printed counsel timing, cryptocurrency is measured by judgment mathematical problems supernatant on activity. Digital currencies are un-remarkably decentralized. That is, in pandemic it is far safer than the centralized nature. The cryptocurrency which was the first to grow and succeed success is Bitcoin, which was revealed by Satoshi Nakamoto. This success became the initiator of the event of new types of cryptocurrency which proven to vie with Bitcoin.
Satoshi Nakamoto has managed to conceptualize a subversive aggroup that is a group that serves to serve sub urbanized digital money transactions. Decentralized money connive is a fabric competent of conjunctive its users without the mendicancy for intermediaries or bag parties or central orders such as banking or regime.
Types of Cryptocurrencies
As the Bitcoin dealing assess becomes solon semiprecious, today's users are germ to try to instrument break alternatives to fit or use existing cryptocurrencies. Comfort so in Discoverer, whatsoever crypto investors that we met explained a clean synthetically end for choosing Altcoin. The occurrence of blossom and quality for crypto products, the assumption is not far from the above sr.. Nonetheless, apiece identify even has an unequaled evaluate that is irritating to move.
Among others:
1. BTC (Bitcoin)
Bitcoin (BTC) is the foremost cryptocurrency that appears in the assemble. This cryptocurrency is the quantity of a (or methodicalness) developer who titled themselves Satoshi Nakamoto in 2009. Bitcoin-using dominance has been designed to make 21 meg Bitcoins by 2124 (promise). There is also an unconditional of Bitcoin in the man currently accomplishment 16.7 cardinal BTC.
2. Ethereum
Ethereum (ETH) is a virtual permissiveness created in 2014 by a twenty-year-old schoolboyish man, namely Vitalik Buterin. The liquid concept that distinguishes Ethereum from Bitcoin is the medicine of Cautious Lessen, which allows you to encase transactions before you do it.
3. BCH (Bitcoin Cash)
In 2017 yesterday, there was an absolute voice on the scalability of Bitcoin. This also led to the Bitcoin set subfigure that occurred on Noble 1, 2017. This reflectivity also led to a new cryptocurrency titled Bitcoin Cash (BCH), with a peak extent place of 8 megabytes.
Everyone who has a Bitcoin furnishings before the unkind subfigure break gets the aforementioned count of Interaction Bitcoin. Withal, the two practical currencies inst possess differentiable book records after the stiff fork.
4. Imbibe (XRP)
Riffle Interlock initially changes Bubble or modify oftentimes demand it XRP in a closed sort to hit a payment method that is impregnable, ultimate and fast. But in 2013, the Density Meshwork definite to variety this concept opened shaper low the ISC independency. Bleed uses a Consensus rein that allows splashed processing of payments, exchanges, and remittances.
5. Litecoin (LTC)
Litecoin or LTC officially came to the semipublic in 2011. Once Google employee River Lee made this Cryptocurrency, with the aim of presenting a wise "Bitcoin".
The advantages offered by LTC are the length to food blocks that story relies upon 2.5 transactions, faster than BTC which takes up to 10 minutes. This can lead because the LTC uses a Script process that is simpler and faster to explore the SHA-256 confine on BTC.
6. And several overmuch are world traded
What is the benefit of investing Cryptocurrencies
The most important advantage of a cryptocurrency over tralatitious currencies is that no mortal or hospital can know the creation of so much money. Each state determines the treasure of apiece acceptance finished supply money. At the unvaried instance, botanist creates money in an imitative way by providing loans with money that they do not make. On the remaining pointer, cryptocurrency has restrained inflation, because the wares of coins that give be prefab at the velocity that testament occur with this are driven first.
Other advantages include:
1. Time Cost Process Possibility
2. Immunity and Motion
3. Identity Security
4. Refrain counterfeiting money
Some Risks to Cryptocurrencies
Reading various sources (references) is found that almost all conclude the same thing, that is, every financial investment is certainly a risk in front of the eye if it does not recognize, understand and analyze the profile of the investment company. Every activity requires basic knowledge without having to use a follow-up method, which results in large losses for investors.
Investing in cryptocurrencies needs to be careful, every second the changes continue to occur and the activity is 24 hours. Without observing and analyzing intelligently the shadows of loss hit investors again. As for foreigners in some countries really like cryptocurrency because there are several obvious reasons, such as on the Bloomberg website which explains several reasons namely Facilitation Payments, Slowing Bitcoin growth, Slowing bitcoin growth, and opening an account is very easy. However, behind all that, we must be careful in using cryptocurrency as a means of payment. There are some disadvantages to watch out for, namely:
1. Cryptocurrency, not all can be used as currencies in the world.
Currently, the most easily accepted payment tool is bitcoin. If you 'mine' or use another cryptocurrency, then you must be very careful. Don't be fooled into offering to buy other digital currencies.
2. Not worth investing
It's true that cryptocurrency capitalization values increase over time. But these fluctuations are very unpredictable because no country controls this digital currency. Don't let you be consumed by an offer to invest in cryptocurrency. Just use it for ease of payment or as a side income for all of us.
3. Easy to use for fake investments
With no regulator controlling the digital currency, there are also many fraudulent investments in circulation using cryptocurrency. Poison schemes and money games are developing thanks to this digital currency. Beware of investment offers using cryptocurrency. Know friends, the money is not just obtained, it requires sacrifice and doesn't waste it.
Cryptocurrency from Indonesia
1. TEN (Tokenomy)
According to the official website, the Tokenomoy Platform provides a special market for tokens that can be traded on the crypto exchange. The platform called "Tokenomy Launchpad" also allows the easy transformation of each valuable offer into the Blockchain token, and allows companies and organizations to distribute and exchange their tokens.
Tokenomy is a combination of the word Token and Economy, which describes the design of tokens and an easy set of economic ecosystem rules that are safe for anyone. Tokenisation itself is the process of transforming accounting and management assets to represent each asset with a digital token. Tokenization increases asset liquidity and eliminates trade problems. In addition, tokenization is able to add new features to assets, so that these assets become more valuable.
2. Pundi X (NPXS)
Reportedly, Pundi X has been launched this year, with the aim of bringing the ecosystem of XPOS, XWallet, and XPASS payments to consumers and business entities throughout the world. The Blockchain Platform Pundi X implements a Point-of-Sale solution, enabling partnerships with government, payment companies, and retailers. Pundi X uses tokens named NPXS on the XPOS Blockchain network. Emerging markets have a high interest in XPOS to stabilize their payment ecosystems amid hyperinflation, while developed markets aim to digitize and modify their payment infrastructure using Blockchain technology.
The main functions of NPXS are universal tokens to bridge exchanges from digital currency systems such as Alipay, E2Pay, Go-Pay, WeChat Pay, etc., to cryptocurrencies such as BTC, ETH, XEM, QTUM, XLM, etc. NPXS can later facilitate the exchange of cryptocurrencies to other digital currencies. Online businesses can also integrate their payment systems with these tokens easily, so there is no limit to the type of currency that can be used for payment.
3. AGCMN (AgriCoin)
AGCMN is a peer-to-peer cryptocurrency that is used specifically in agriculture-related businesses, from the initial process, distribution, to sales in the market. The aim is to meet the immediate needs of a group of borrowers as other partners in the designated project. As a pilot, the first loan has begun in the fourth quarter of 2018, and will gradually grow fully in 2019.
AGCMN is built on the PoS (Proof-of-Stake) master-node with the Scrypt algorithm. This cryptocurrency has a total supply of 50,000,000 tokens and has a special Wallet for storing coins. AGMN can now be exchanged on exchanges such as Nusa, BiteBTC and Crex24.
The main purpose of the presence of AGCMN coins and peer-to-peer loan platforms is to accelerate agricultural ecosystems in Indonesia. There are various obstacles to agricultural financing that are currently occurring so that the economic growth of farmers is hampered and limited. This platform seeks to provide payment and loan facilities that are easy to use, secure, and maximize profits for all parties concerned.
4. ANA (Ana Coin)
ANA Coin (ANA) is a cryptocurrency built on the ERC20-based Blockchain Ethereum network. The cryptocurrency was first launched on June 6, 2018, with a total supply of 200,000,000. ANA Coin is a local cryptocurrency used to facilitate transactions on the rekeningku.com site, one of the cryptocurrency exchanges in Indonesia. Transaction fees, fund withdrawals, records, and various other fees billed on my account.com can be paid with this token at attractive discounts.
Some Risks to Cryptocurrencies
Reading various sources (references) is found that almost all conclude the same thing, that is, every financial investment is certainly a risk in front of the eye if it does not recognize, understand and analyze the profile of the investment company. Every activity requires basic knowledge without having to use a follow-up method, which results in large losses for investors.
Investing in cryptocurrencies needs to be careful, every second the changes continue to occur and the activity is 24 hours. Without observing and analyzing intelligently the shadows of loss hit investors again. As for foreigners in some countries really like cryptocurrency because there are several obvious reasons, such as on the Bloomberg website which explains several reasons namely Facilitation Payments, Slowing Bitcoin growth, Slowing bitcoin growth, and opening an account is very easy. However, behind all that, we must be careful in using cryptocurrency as a means of payment. There are some disadvantages to watch out for, namely:
1. Cryptocurrency, not all can be used as currencies in the world.
Currently, the most easily accepted payment tool is bitcoin. If you 'mine' or use another cryptocurrency, then you must be very careful. Don't be fooled into offering to buy other digital currencies.
2. Not worth investing
It's true that cryptocurrency capitalization values increase over time. But these fluctuations are very unpredictable because no country controls this digital currency. Don't let you be consumed by an offer to invest in cryptocurrency. Just use it for ease of payment or as a side income for all of us.
3. Easy to use for fake investments
With no regulator controlling the digital currency, there are also many fraudulent investments in circulation using cryptocurrency. Poison schemes and money games are developing thanks to this digital currency. Beware of investment offers using cryptocurrency. Know friends, the money is not just obtained, it requires sacrifice and doesn't waste it.
Cryptocurrency from Indonesia
1. TEN (Tokenomy)
According to the official website, the Tokenomoy Platform provides a special market for tokens that can be traded on the crypto exchange. The platform called "Tokenomy Launchpad" also allows the easy transformation of each valuable offer into the Blockchain token, and allows companies and organizations to distribute and exchange their tokens.
Tokenomy is a combination of the word Token and Economy, which describes the design of tokens and an easy set of economic ecosystem rules that are safe for anyone. Tokenisation itself is the process of transforming accounting and management assets to represent each asset with a digital token. Tokenization increases asset liquidity and eliminates trade problems. In addition, tokenization is able to add new features to assets, so that these assets become more valuable.
2. Pundi X (NPXS)
Reportedly, Pundi X has been launched this year, with the aim of bringing the ecosystem of XPOS, XWallet, and XPASS payments to consumers and business entities throughout the world. The Blockchain Platform Pundi X implements a Point-of-Sale solution, enabling partnerships with government, payment companies, and retailers. Pundi X uses tokens named NPXS on the XPOS Blockchain network. Emerging markets have a high interest in XPOS to stabilize their payment ecosystems amid hyperinflation, while developed markets aim to digitize and modify their payment infrastructure using Blockchain technology.
The main functions of NPXS are universal tokens to bridge exchanges from digital currency systems such as Alipay, E2Pay, Go-Pay, WeChat Pay, etc., to cryptocurrencies such as BTC, ETH, XEM, QTUM, XLM, etc. NPXS can later facilitate the exchange of cryptocurrencies to other digital currencies. Online businesses can also integrate their payment systems with these tokens easily, so there is no limit to the type of currency that can be used for payment.
3. AGCMN (AgriCoin)
AGCMN is a peer-to-peer cryptocurrency that is used specifically in agriculture-related businesses, from the initial process, distribution, to sales in the market. The aim is to meet the immediate needs of a group of borrowers as other partners in the designated project. As a pilot, the first loan has begun in the fourth quarter of 2018, and will gradually grow fully in 2019.
AGCMN is built on the PoS (Proof-of-Stake) master-node with the Scrypt algorithm. This cryptocurrency has a total supply of 50,000,000 tokens and has a special Wallet for storing coins. AGMN can now be exchanged on exchanges such as Nusa, BiteBTC and Crex24.
The main purpose of the presence of AGCMN coins and peer-to-peer loan platforms is to accelerate agricultural ecosystems in Indonesia. There are various obstacles to agricultural financing that are currently occurring so that the economic growth of farmers is hampered and limited. This platform seeks to provide payment and loan facilities that are easy to use, secure, and maximize profits for all parties concerned.
4. ANA (Ana Coin)
ANA Coin (ANA) is a cryptocurrency built on the ERC20-based Blockchain Ethereum network. The cryptocurrency was first launched on June 6, 2018, with a total supply of 200,000,000. ANA Coin is a local cryptocurrency used to facilitate transactions on the rekeningku.com site, one of the cryptocurrency exchanges in Indonesia. Transaction fees, fund withdrawals, records, and various other fees billed on my account.com can be paid with this token at attractive discounts.
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