Encrypted Money is without a shade of doubt, one of the most incredible innovations in time… virtual currency that uses cryptography for security, it’s difficult to counterfeit, which is an amazing security feature, another defining feature of a crypto currency, and arguably it’s most evolved feature, is its organic nature; it is not issued by any central authority, thereby it is theoretically immune to government interference or manipulation. Classified as a subset of digital currencies, alternative currencies and virtual currencies.
Crypto currencies are our ‘digital assets’ designed to function as our medium of exchange to secure our transactions and gifts us the power of co-creation, i.e. with every transaction we are directly influencing the creation of additional units of currency.
Bitcoin became the first decentralized crypto currency in 2009, as the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto
and released as open-source software in 2009. The system designed is peer-to-peer, and all transactions take place between users directly, without an intermediary. Every transactions is verified by network nodes and recorded in a public distributed ledger called a blockchain.
The success of BITCOIN saw the emergence of numerous crypto currencies These are frequently called altcoins, as derivative of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger..
Favorite ALTCOINS in business today as per market survey are :
ETHEREUM, DASH,RIPPLE, LITECOIN, DOGECOIN, MONERO, ZCASH,AURORA,ANTCASH, FEATHERCOIN .
Increasing number of bussiness all over the world are opting for this hasselfree, secure currency… Some of The companies who started trusting BITCOINS and ALTCOINS the earliest, whereby endorsing and dealing are COINBASE ,Overstock.com, Word press, Beepi, Florida Golf Coast University, e-Gifter, paypal, DISH …and countless others joining each day.
Crypto currencies are been exchanged worldover for services from education to the local brick and mortar merchant to our car dealer ….Thank God….!!! We are, This NexGen with The Most Evolved Currency in The Most Viable Wallets !!!