As you know, digital currency was created in order to completely replace fiat money and bring all financial transactions to a new level. Cryptocurrency developers are planning to introduce their product at the state level as well. How real such goals are, only time can tell. But at the moment, none of the cryptocurrencies have been able to fully do this. However, many people already use certain types of coins to pay for goods or services both in the Internet space and in real life. One example of a successful digital product that can be introduced into widespread use among ordinary people is the Dash cryptocurrency. It is about her that will be discussed in this article.
This project appeared on the crypto market in 2014, when E. Duffield announced the release of his altcoin, which was named DarkCoin. However, such a gloomy name was not the best marketing decision, so it was decided to rebrand and change the name of the altcoin to XCoin. After some time, the project changed its name again, the name Dash was taken.
E. Duffield, who is the main ideological inspirer and head of the project, originally wanted to simply improve the Bitcoin system and even collaborated with its developers. He proposed to change the protocol of the worlds main cryptocurrency, but the Bitcoin team refused this idea. That is why it was decided to issue its own cryptocurrency, which is currently very successful and popular.
Dash is a cryptographic system with its own digital currency, which is based on a blockchain. The main feature of Dash is the almost complete independence and confidentiality of the system, the maximum possible speed of all financial transactions, as well as non-disclosure of confidential information and protection of users personal data. It is worth noting that the protection of personal data is carried out by using a special two-layer network technology called DarkSend during all transactions. This technology was developed precisely by the team of this project, therefore it is unique. DarkSend technology can be called a kind of continuation of the CoinJoin project, the main goal of which was to anonymize all Bitcoin transactions.
It should be noted that the Dash cryptocurrency is decentralized. This means that the project does not have a central issuer, and all network participants are equal. At the same time, for successful coin mining, ultra-high powers are not required, as when mining bitcoins. In addition, attention should be paid to the successful implementation of Decentralized Governance, that is, decentralized project management. Each member of the network has the right to contribute their ideas or suggest innovations. Decisions on such issues are taken by universal suffrage.
It is necessary to pay attention to the fact that the Dash cryptocurrency, although it is one of the offshoots of Bitcoin, differs in many respects from other altcoins that are currently on the cryptocurrency market. It is the unusual technological solutions, the ability to use coins as a permanent payment currency and the provision of confidentiality for users that allowed the Dash cryptocurrency to become one of the most popular in the modern digital market, as well as to enter the TOP cryptocurrencies in terms of capitalization. An advanced system for further development of the platform, an increased level of security and a unique division of rewards between all participants provide ample opportunities for the value of Dash to grow in the future.
The undoubted advantage of the Dash cryptocurrency, which opens up a wide range of opportunities for a future project, is that it can be used as a currency for daily financial transactions and payments. This became possible due to the fact that the Dash system provides an instant money transfer system. This function works with the support of the InstantSend platform. It is thanks to such a technological solution that the company has made great progress in the modern crypto market, and in the fall of 2017 it was able to come to an agreement with the Wirex mobile online banking project. As part of this agreement, it was envisaged to introduce digital currency into the regular banking system. This solution will enable Dash token holders to carry out financial transactions in more than 200 countries around the world, at all points that accept VISA cards.
Thanks to the use of the PrivateSend mechanism in its system, which provides enhanced protection of confidential data, as well as ensures reliability and confidentiality, the Dash project has received many positive reviews from famous traders and cryptoexperts and recognition of ordinary users.
Despite the fact that Bitcoin still holds the lead in the crypto world, the Dash currency has significant advantages that provide it with a stable position in the cryptocurrency rating. Dash differs from Bitcoin in that:
The InstantSend mechanism is fully functioning, which provides instant financial transactions;
PrivateSend provides additional privacy and stability for all activities;
superpower is not needed for mining, even users with average equipment can take full part in the mining process and receive a low, but stable, and most importantly, net profit;
The decentralization of the platform has been implemented as successfully as possible, and each user takes a full part in the life of the network;
several algorithms are used to implement cryptographic encryption;
the system is two-tier, which provides additional reliability and protection.
Based on all of the above, it can be understood that the Dash cryptocurrency is promising and potentially attractive for investors, because it opens up many opportunities. Moreover, it should be noted that the project was of interest not only to ordinary users and experienced traders, but also interesting for large investors and corporations.
Naturally, when it comes to any cryptocurrency, it is necessary to say how it can be obtained. Since Dash is created, how do you get these coins?
There are three ways to get Dash coins:
buy Dash from any exchanger;
purchase coins on the exchange;
mine Dash coins yourself.
In order to buy coins on an exchange or in an exchanger, it is best to use special sites that help to monitor cryptocurrency exchange points online. The most popular and convenient service is CoinMarketCap, because it is on this site that it is most convenient to find the best place to buy or sell Dash tokens.
Speaking of mining, it should be noted that since 2016 it has been profitable exclusively on ASIC miners. But Dash mining can also be done on the basis of CPU (processors) or GPU (video cards), but without much financial benefit.
For advanced mining, there are special ASIC miners that operate according to the X11 algorithm and provide stable mining of tokens, but do not consume too many resources, since they are not super powerful.
It must be said that the Dash cryptocurrency has a floating emission. This means that its amount is not clearly fixed. The number of coins ranges from 16 to 22 million.
Within the first two days after the release of the Dash coin to the market, users mined about 2 million tokens (about 10 percent of the maximum possible amount). Due to the conduct of such an instamine on DarkCoin (and this is exactly what the Dash cryptocurrency was called then), quite harsh criticism came from both crypto experts and users. The development team proposed several alternative solutions to this problem: restarting or rolling back the network. This was due to the fact that instamine was a consequence of an error in the systems algorithm, but platform users refused these offers. The mined tokens were quickly sold on crypto exchanges at the lowest cost, after which the situation returned to normal.
It is also worth mentioning that for each block, computing power is adjusted, and the maximum amount of remuneration is reduced by 7.1 percent per year.
Considering the strengths of Dash, it is worth noting that in the situation with this project it is difficult to say whether some of the decisions of the developers are positive or negative. For example, when receiving rewards in the Dash system, the following distribution occurs:
45 percent of tokens are received by the miners themselves;
45 percent goes to masternodes;
10 percent goes to the further development of the project.
It should be noted that in this system it is very profitable to participate as a masternode - a server with high computing power, which is backed by a pledge of one thousand Dash coins. This solution is definitely interesting and attractive. After all, this allows you to protect the project from the so-called "51 percent attack" - a situation in which more than half of the entire Dash digital currency will be in the hands of one user. Accordingly, thanks to this decision, the development team was able to protect themselves from the monopoly.
In addition, it should be said that 10 percent of the profits in the distribution process are always spent on the further development of the project. This means that Dash will regularly receive the necessary updates and get better.
The fact that a sufficiently large number of coins belong to super nodes is the reason for the formation of a high level of demand for Dash coins, and this, in turn, leads to an increase in the market value of the cryptocurrency. However, at the same time, the threshold for those wishing to become a masternode also increases.
In addition to the above, I would also like to note the following strengths of this project:
the ability to make instant financial transfers;
high level of system protection, as well as complete privacy for users;
a completely decentralized project that is open to ideas and suggestions from users. Dash has been called true crypto democracy;
a special algorithm for mining that does not need a lot of resources;
the successful combination of protocols such as PoS and PoW, which allows you to receive rewards for both nodes and miners;
a strong team of experienced developers and a famous director who leads the project.
To date, Dash cryptocurrency is ranked 26th in the CoinMarketCap site ranking. One Dash coin costs 42.36 USD. The coin reached its all-time high in January 2018, when one token cost $ 1,550. And although at present the price is far from ideal, it is stable and there have not been any sharp jumps over the past year.
The daily trading volume exceeds $ 278 million, which is a very good indicator. The market capitalization level is $ 392,588,206.
It is worth noting that the development team plans to further simplify the daily use of their cryptocurrency as much as possible. This is necessary in order to popularize its mass use, as well as attract inexperienced users who are not in any way connected with the world of digital currency.
Thanks to many interesting innovations within the framework of its project, as well as the ability to use Dash cryptocurrency along with fiat money, the project definitely deserves attention. However, it is currently difficult to predict the future course, so the owners of Dash coins now hope that the market value of tokens will rise again.
Representatives of the cryptocurrency community have long stated that their main goal is to rid the world of fiat money, transfer all types of financial transactions into electronic format, as well as integrate modern digital technologies into peoples daily lives. It should be noted that it will be very difficult to implement such tasks, and currently no project has been able to completely replace fiat. However, there are platforms that could somehow get as close as possible to the implementation of such lofty goals.
In todays review, I would like to talk about the Crypto.com project, which is very interesting and promising. The history of this project began back in 2016, when a development team from Hong Kong founded the Monaco project. Their work was very productive, and the platform was able to win a lot of fans, as well as attract large investors and get the support of even such a banking giant as Visa, whose participation in the project already speaks volumes. After several years of working together, they were able to issue a special payment card for operations with cryptocurrencies. It was named Monaco Visa Card. In essence, this is a real bank card with all the capabilities of the Visa payment system. In order to be able to convert digital money (for example, Bitcoins or Ethereums), as well as to pay for various commissions, its own cryptocurrency was released, called MCO. After some time, the development team decided to change the domain to crypto.com. At the same time, the entire project was rebranded, and a similar name was given to their altcoin.
Crypto.com started in 2018. It is a relatively new project that is aimed at working with individuals (ordinary users), as well as cooperation with independent investors. According to the developers of the Crypto.com project, their main goal is to introduce blockchain-based technologies into peoples daily life in order to make it as comfortable as possible, as well as to simplify many complex operations. In particular, according to the project team, it is important for them to make cryptocurrency as popular a means of payment as fiat assets.
First of all, it should be said that the Crypto.com project has a special cryptocurrency wallet that is designed to make purchases, sell or store digital currency. It is important that thanks to cooperation with top financial companies, the project managed to achieve support for the operation of the wallet with both fiat money and cryptocurrency, and without collecting an extra commission. In addition, the Crypto.com application has functions that allow you to track the current rate of popular cryptocurrencies and monitor the current state of the crypto market. Thanks to cooperation with Visa, fiat funds can be deposited into and withdrawn from the wallet through the application.
It should be noted that the Crypto.com project has two different coins. MCO is the main token of the project. The name of this token remained the same as before the rebranding, the company decided not to change the name of the coin. However, another altcoin was released to the market last year, which was named Crypto.com Coin - similar to the companys new name. The exchange ticker assigned to the new cryptocurrency is CRO. Please note that both of these projects were developed by the same team. However, these tokens have slightly different intermediate and final goals. Do not forget that the technical component of CRO and MCO is also different. It is for this reason that these two projects should not be confused.
The blockchain network, on the basis of which various trading operations are carried out between users, is called Crypto.com Chain. The main token of this network is CRO. However, the developers claim that the plans are to introduce the ability to perform financial transactions with all types of cryptocurrency. It should be noted that this goal is very difficult, at present it is difficult to say whether the team will be able to fully implement their idea.
Perhaps the main advantage of the Crypto.com project is its cooperation with the Visa payment system. It was the collaboration that provided the project with many different opportunities and advantages that make the CRO cryptocurrency stand out from other digital currencies. For example, using a Crypto.com card, users can create a free wallet that will store all of their digital and fiat funds. Also, all conversions can take place both in real time and offline, and the commission that is charged is either minimal or absent at all. We must not forget about the cashback function, because when making purchases in the stores of the partner network, the user receives up to two percent of the refund directly to his card. Although CRO tokens are digital currencies, it is the fiat-like approach to them that can give them leadership in their field.
When considering any cryptocurrency project, you need to pay attention to its features and capabilities. The CRO development team claims that users will receive many useful features and capabilities, including:
lucrative offers that will encourage users to turn to digital currency;
complete absence of any commissions for those sellers who will use the Crypto.com network;
multifunctional wallet and convenient application with a simple and comfortable interface;
many useful functions in the application in addition to carrying out operations with digital and fiat currencies;
I would like to draw your attention to the fact that although the developers claim the existence of a decentralized network, this is unlikely. Especially considering their collaboration with Visa. It is difficult to talk about the presence of complete decentralization, because Visa is one of the largest payment systems in the world. It is for this reason that this aspect raises some questions. However, for many users, the decentralization of the project is not so important, especially considering all the possibilities that the platform can provide.
In the process of creating the Crypto.com payment system, the development team thought through everything to the smallest detail. For example, a user makes a purchase in one of the projects partner stores. The system operates as follows:
The user installs the Crypto.com app and opens their wallet.
To make a purchase, the user or the store seller must scan a special QR code.
After that, the client pays for the goods in digital currency and transfers the coins to the stores account.
The store receives CRO tokens.
I would like to draw your attention to the fact that cooperation with other types of cryptocurrencies is planned in the future. If the project succeeds, it can significantly expand its functionality and attract new users.
In the process of considering a cryptocurrency CRO project, it is necessary to establish how Crypto.com Coin is created. It should be noted that, unlike many other cryptocurrencies, CRO mining is not provided. You should also pay attention to the fact that the company refused to carry out ICO (initial coin offering). Instead, an airdrop was organized for MCO token holders.
A certain percentage of CRO coins will go to the accounts of MCO token holders as a reward, because these altcoins are the main ones in the project.
However, you can get this cryptocurrency in an easier way - just buy CRO on one of the cryptocurrency exchanges. There are no problems with placing tokens on crypto-exchanges now, and such a popular token as CRO is traded on all major platforms, including Bittrex and Binance.
Different development teams have different approaches to issuing the amount of tokens. Some cryptocurrencies are endless, others are not. As for the CRO tokens, their number is limited. The total issue of CRO will be one hundred billion coins. However, the release will not be a one-off, but will stretch for as much as 5 years. The token distribution process will be as follows:
The development of the Crypto.com Chain ecosystem will take 20 billion tokens.
In the long term, 20 billion CRO coins will also be spent to promote the Crypto.com Chain blockchain technology.
Developers will leave another 20 billion tokens in reserve. The team does not deny that these coins can go to the development of the project or just hit the market in the future. However, they are currently holding them back.
Another 10 billion tokens will go away during the airdrop as a reward for MCO holders.
The remaining coins will go to secondary distribution, as well as various initiatives in the field of launching new projects.
It is necessary to pay attention to the fact that the CRO developers keep the details of where the funds earned from the sale of their cryptocurrency will be spent. However, this is their right, and many users agree with this approach.
For a complete and maximum detailed perception of the Crypto.com cryptocurrency project, it is necessary to talk about its strengths. I would like to note that Crypto.com Coin cryptocurrency was released not so long ago - about a year ago. However, already now the project has shown itself very worthy, was able to withstand high competition and found its supporters. The main advantages of CRO include:
cooperation with Visa bank cards and the ability to control private keys;
adherence to the Road Map, even though the project is technically difficult to implement and faces certain difficulties;
integration of Crypto.com into the financial system, formation of an affiliate network;
experienced developers who are trusted by users;
guarantee of the safety of personal data;
high speed of all financial transactions;
elaborated algorithm for the further development of the project.
It is also worth noting that in the modern world the demand for systems of this type is increasing, because the main problem that the Crypto.com platform will solve is building a reliable connection between sellers and buyers. Undoubtedly, the introduction of digital currency into everyday life is required now. That is why a number of large investors have already shown interest in the possibility of cooperation with Crypto.com.
As of today, Crypto.com Coin cryptocurrency is ranked 25th in the cryptocurrency rating according to the CoinMarketCap portal. The CRO price is $ 0.029357 per token. The daily trading volume is over $ 5 million and the market capitalization is over $ 377 million.
It should also be said that out of the planned one hundred billion tokens, a little more than 12 billion coins are currently available on the market.
I would like to add that although CRO tokens are relatively young on the crypto market, they have already confidently occupied their niche. Now this cryptocurrency is in the TOP-30 in terms of capitalization, and the supporters of this project believe that the market value of Crypto.com Coin may grow significantly in the near future. And this is quite possible, because the project is promising and interesting both for ordinary users and for investors and large companies.
It is necessary to pay attention to the fact that the CRO rate has slightly decreased recently, but this can be explained by a general seasonal decrease in the value of cryptocurrencies, most likely, in the near future, the CRO value will normalize and become more stable.
Now the system is still at the stages of preliminary testing, not all of its functions are fully operational. This project definitely deserves attention, but its success largely depends on whether the developers are able to achieve all the goals.
Currently, the problem of providing advertising services on the Internet has become extremely urgent. Thanks to the development of digital technologies, more and more purchases are made not in real stores, but through the global network. It is for this reason that it can be difficult for advertisers to find their target audience that will be loyal to their products, because it is not so easy to do this on the Internet. In turn, Internet users want to receive relevant ads that match their interests and hobbies. It is also worth paying attention to the fact that often users are looking for ways to avoid viewing advertisements by installing all sorts of blockers. In todays review, I would like to draw your attention to the cryptocurrency project, which exists in order to solve all these, as well as many other problems.
Naturally, we are talking about the Basic Attention Token cryptocurrency platform (exchange ticker of coins - BAT). This digital currency was created on the basis of the ERC-20 standard and operates on the Ethereum blockchain.
Perhaps, we should start with the fact that BAT is not an independent cryptocurrency, but only a functional token, which is the main component of an advertising and marketing platform integrated into a web browser called Brave. This browser was released in 2015 by B. Eichem - the developer of the Mozila project and the Java Script programming language. The main goal of the new project is to change the entire advertising sector in the global network, because Internet marketing is now going through hard times and is ineffective.
The BAT development team decided to completely change the situation that has developed in the field of online advertising. Currently, the main problem is the approach in which users have to "pay" for access to content by viewing ads (for example, this is the practice on YouTube). In order for the user to be able to see the material that interests him, he first has to view the commercial, which most often does not correspond to his interests. It turns out that users are wasting their time (as well as traffic) viewing unnecessary content, and advertisers are wasting their budget on ads that will not bring sales.
The main algorithm on the basis of which the Brave project works is to provide a reward for users for viewing ads, as well as take payment from users who do not want to watch it. Special software that is built into the browser collects data about user preferences and sends it to advertisers. It should be noted that the user remains confidential. That is, an advertisement for a product or service will be shown to the target audience, which is directly interested in this, but who exactly - the advertiser will not know. An indicator of the efficiency of this system is the increase in the amount of goods sold. In this system, BAT tokens are used as follows:
Advertisers pay in BAT tokens for statistics and analysis of the target audience, as well as for launching an advertising campaign.
Users get the opportunity to block ads in general, and they can also, if they wish, view targeted ads, with goods or services that will be of interest to them. It is also worth noting the opportunity to donate BAT tokens for the development of various projects that generate content.
The Brave browser not only helps advertisers collect data about their target audience, but also provides users with the opportunity to earn BAT tokens for viewing the proposed ads. The coins earned in this way can be withdrawn to wallets or cryptocurrency exchanges and sold, thereby making a profit. It turns out that this project forms a ready-made scheme for generating income: watching commercials - withdrawing tokens - exchanging for another cryptocurrency - converting cryptocurrency into fiat.
The BAT project provides the modern user with many different possibilities. All activities within this platform are concentrated in the Brave browser. Within Brave, it is almost completely forbidden to track any activity on the network, control them in any way, as well as collect analytics or any other information about users using external tools.
In order to understand the features of this project, you should consider the categories of users provided by the platform:
Ordinary netizens are the most massive participant. They are rewarded in BAT tokens for agreeing to watch ads. Please note that the Brave browser does not collect information about users, their behavior and actions. Brave also blocks all attempts to track any online activity by advertisers and publishers.
Advertisers promote their products or services through advertising.
Publishers are involved in shaping products or services that advertisers are promoting. The main goal of publishers is to generate demand for advertisers services to popularize the project.
I would like to draw your attention to the fact that the platform acts as a guarantor of receiving remuneration for the work done in any case. In addition, it should be added that Brave provides an opportunity for all users to directly participate in the project to improve it.
Based on all of the above, we can conclude that the Brave browser is free and confidential access to the Internet, where no one tracks actions, does not collect personal data about preferences and hobbies, and does not sell this information to others. However, in doing so, users receive advertisements that are based on their preferences, since search query data is stored directly on the device and cannot be shared with third parties.
This approach to advertising should be called the most productive today, because the user can preserve their privacy, and the advertiser gets his target audience. However, at the same time, the advertiser does not have access to data about who exactly watches their ad. The main indicator of the success of this method is the high level of sales.
In the process of reviewing the BAT cryptocurrency project, many are wondering how exactly tokens are created. First, you should pay attention to the fact that this digital currency is not independent, because it is issued on the Ethereum blockchain and is based on the ERC-20 standard.
It is necessary to pay attention to the fact that almost all of the issued tokens were sold out during the initial placement of tokens, and the rest were distributed between the developers or will be directed to the further development of the platform. It is for this reason that BAT mining does not exist, but tokens can still be obtained absolutely free as a reward for using the Brave browser and watching ads in it. You can also get these coins:
by exchanging their assets on the Uphold platform, with which BAT has a cooperation agreement;
receive as a donation;
use any cryptocurrency exchange where this currency is traded and just buy BAT.
Todays variety of cryptocurrency projects can be tricky to grasp, as some of the digital currencies can generate tokens indefinitely, while others have only a limited number of coins. If we talk about the BAT project, then you need to pay attention to the fact that the development team has released only 1,500,000,000 tokens. No further issue of BAT is planned, which means that the number of coins is limited.
In the process of reviewing the BAT cryptocurrency, one should pay attention to the main advantages of the project, as well as note its strengths. Perhaps, first of all, it must be said that the platform takes care of the safety of users personal data and reliably protects them. Complete confidentiality is one of the main priorities of the project. For users, this project is interesting because:
ensures confidentiality and protects personal data;
you can turn off the display of advertisements, and a reward is provided for viewing them;
advertising is in the interests of users;
you can use BAT tokens in applications and some online games;
The projects community currently has about seven million active users.
After considering the obvious benefits for users, it becomes clear why the project has so many fans. However, BAT has many benefits for advertisers as well, which can be:
increasing the level of sales by selling goods and services to an interested and loyal audience;
by reducing the cost of advertising campaigns, the organizations budget is significantly saved;
by doing this, ad revenue exceeds spending.
You should also pay attention to the fact that those BAT coins that users have earned from watching commercials can be sold outside of Brave. For example, developers of modern applications or any software can integrate tokens into their browsers if they do not want to use Brave. In addition, it is worth mentioning that it is possible to directly connect to a large ad network using your own tools.
During the work on the project, the developers took into account many different little things, which made the platform as comfortable as possible for all its participants to use. BAT tokens can be used to pay for offered goods or services within the network itself, or to transfer your coins to someone.
To date, Basic Attention Token digital currency is ranked 33rd in the TOP cryptocurrencies according to the CoinMarketCap website. And although the level of popularity is not as high as in other projects, it is worth paying attention to the fact that over the past few years, users have significantly increased interest in this platform. The capitalization level of this cryptocurrency exceeds $ 262 million. The daily trading volume is at the level of 50-55 million. This indicates that traders are interested in this project, and investors are ready to invest in it.
The cost of one BAT token is currently $ 0.193198. This price is reasonable, because although the project offers the world many interesting innovations, there have been no major updates lately. For this reason, the exchange rate is kept low, but stable. Now there is a slight decrease in value, but this is due to the general seasonal drop in the rate of all cryptocurrencies. This project definitely deserves attention, even considering the fact that it is far behind the development plan, which is spelled out in the Road Map by the developers themselves.
I would like to draw your attention to the fact that Basic Attention Token cryptocurrency is hardly suitable for short-term investments. A good plan for making money is to invest in the long term, ideally two to three years. With this approach, you can count on a good profit, but it should be noted that this is only suitable for experienced traders and crypto experts with great investment potential.
If the developers are able to fulfill all their plans, then the Basic Attention Token project will gain massive popularity and completely change the face of modern digital advertising. Time will tell whether BAT will be able to achieve all this.
Digital technologies have long entered our everyday life, becoming an important part of it and changing it almost beyond recognition. It is no longer possible to imagine your life without modern technology. One of the innovations of the last decade has become cryptocurrency, which has long ceased to be a simple asset and has now significantly changed the world around it, forming the digital economy. In todays review, we will focus on VeChain, an innovator in the field of cryptocurrency projects based on blockchain technologies.
VeChain is a global cryptocurrency decentralized project that operates on the basis of its own blockchain and IoT technology. Initially, the VeChain digital currency received the VEN stock ticker, but later the project was rebranding, and the VEN token changed its name to VET. It should be noted that after the project switched to its own blockchain, which was named VeChain Thor, VEN coins were exchanged for VET tokens in a ratio of 1 to 100. VET coins are used by network users as a currency for making smart payments when conducting various business blockchain-based operations. It should be noted that those companies that have a larger number of VET tokens have a higher level of importance and receive more rights to the blockchain.
The project team states that the main task of VeChain is data digitization. During the implementation of this process, a kind of bridge is formed that connects the digital and the real world. Initially, the scalability of the project was realized thanks to the smart contract system and the digital code of Ethereum, but in 2018 the project moved to its own blockchain. The platform works with NFC chips, RFID tags and QR codes. The blockchain of the platform stores data about the manufactured product, product or service. The platform stores information about the authenticity of the goods, and is also used to track the supply chain.
The development of the VeChain cryptocurrency project began in 2015. The original idea was to create a platform to track the full path of high-end products from manufacturer to customer. However, the idea was subsequently revised somewhat, and the range of goods, data on which were entered into the blockchain database, was significantly expanded. VeChain is now focused on the entire business sector and is now a full-fledged Blockchain-as-a-Service platform that helps integrate modern technologies at the level of small and medium businesses.
An international team of over a hundred people is working on the platform, led by Sunny Liu, a renowned IT specialist and developer who has collaborated with many companies from the Global-500 list. The project intends to become a blockchain that will be adopted by enterprises and large companies. It should be said that this is a very realistic goal, because the platform has a good economic model and high scalability. VeChain strives to integrate IoT applications, lower operating costs and meet all modern technologies and user needs. The project has a promising Road Map, and in general it can be trusted, because before that, the developers met the deadlines, and were also the first in the cryptocurrency world to implement many technological elements and solutions.
The VeChain cryptocurrency platform is a project that initially focused solely on tracking supply chains. However, thanks to a strong team, many different capabilities have been implemented that allow not only to check the uniqueness and authenticity of any product or product, but also to fully trace its path, starting from the materials of manufacture and the place where it was produced, to the moment when the thing falls into the hands of the consumer. VeChain is a strong and promising project with many interesting technological solutions, of which it should be noted:
API Gateway Service (reverse proxies that connect clients and services) are special AWS services that perform complex calculations that enable developers to create, release, control, maintain, and secure APIs at any scale.
VeChain has formed a special system that can offer third party services to consumers. This means that, thanks to blockchain technologies, VeChain offers services for processing all types of financial transactions for any company.
VeChain has its own information store, which can store data across multiple nodes.
However, complex technological nuances are not always interesting for ordinary users, who are usually focused on results. The VeChain project has many useful tools, integrating them into their business, companies will receive obvious benefits. VeChain offers solutions to problems in many areas of human activity. It is necessary to take a closer look at the possibilities that the platform offers.
For example, thanks to the use of blockchain technology, the VeChain project has signed a cooperation agreement with one of the largest European companies that produces luxury goods. By introducing NFC chips into its products, the company can track the full history of each specific product, thereby protecting itself from counterfeiting. In order to verify the authenticity of any product, the user simply needs to scan the NFC through a special application that can be installed on a smartphone and find out whether the original thing fell into his hands or not.
VeChain technologies also provide ample opportunities for large companies in the field of logistics, because when using the blockchain, the process of exchanging data between different parties in the supply chain becomes much more comfortable and secure. It is worth paying attention to the fact that the use of blockchain technologies significantly increases the productivity of logistics processes, and is also the foundation for the implementation of innovative business models.
It should be noted that VeChain technologies can be used in the provision of government government services on the Internet. Many features of VeChain can provide free and most transparent exchange of data, as well as increase the speed of interaction between users.
Another important industry where VeChain technology can be applied is the food and drug industry. VeChain can digitize information about the manufacturer of products or drugs, and transmit the data to the consumer through scanning the code. As a result, the user will be confident in the freshness, composition and quality of the product that he purchases.
Providing consumers with detailed information about any product increases the level of trust in the manufacturer, which in turn increases sales. It is for this reason that the implementation of blockchain technology, as well as IoT, is in demand among both consumers and manufacturers.
In the process of reviewing a cryptocurrency project, you should establish how VeChain is created and how you can get VEN tokens. Here it is immediately necessary to say that VET mining is not provided at all, since the system operates on the basis of proof of the PoA priority. All financial transfers are checked by 101 trusted nodes.
According to the development team, such a mechanism was formed in order to ensure a balance between centralization and decentralization of the entire system. You can get tokens for keeping them in your account, as well as for making financial transfers. However, for this you need to be a node (node). In order to form your own node, you need to own 250,000 tokens. This is an extremely large amount, and therefore ordinary users cannot qualify to participate in transactions.
But you can get tokens in a much simpler way. To do this, you just need to buy VeChain on one of the cryptocurrency exchanges.
Currently, there are many different digital currencies on the crypto market. Some of them can endlessly generate new tokens, others are issued in limited quantities. Speaking about the VeChain project, it is worth noting that the number of coins is not infinite. VeChain issued 873,378,637 coins, which were distributed as follows:
41% hit the market during the IPO;
23% - for partners who will integrate VeChain into their business;
12% are left for further platform development;
10% - to implement the strategy and support the systems performance;
9% - for private investors who advertise the project;
Developers will receive 5%.
Naturally, in the process of reviewing any cryptocurrency project, it is necessary to pay special attention to its main advantages, as well as consider its strengths. Undoubtedly, the main advantage of the VeChain project is the support of the Chinese government. Few cryptocurrency projects have managed to achieve this level, which means that VeChain is promising and promises to be stable and reliable. Also among the strengths of VeChain should be noted:
an experienced development team of over 100 people;
active development of the platform. Currently there are 111 nodes in 5 countries;
the use of advanced technologies such as the Internet of Things and blockchain;
a well thought-out Road Map, which the project clearly follows;
positive dynamics of the cryptocurrency exchange rate in the market, which attracts investors from all over the world;
scalability through the use of sidechains;
cooperation with many large organizations and companies, including such giants as Microsoft Corporation, Renault Group, BMW, BABYGHOST, DiG, PwC;
thanks to the use of the Cryptocurrency Disaster Recovery Plan (CDRP) system, the network is highly reliable and secure.
It is necessary to pay attention to the fact that this project is really promising, because it allows you to identify the original product and distinguish it from a fake. All that is needed for this is to install a special application on the mobile phone. Definitely, VeChain has an extremely high chance of being implemented in everyday life, because even if similar projects exist, their implementation is extremely weak.
To date, VeChain cryptocurrency is ranked 30th in the TOP digital currencies according to the CoinMarketCap platform. Total market capitalization $ 305,857,746. The daily trading volume of VET exceeds $ 107 million. The VET cost is $ 0.005510. Naturally, this price is not ideal, but given the fact that VET is the internal coin of the platform and is intended to pay for various operations within the ecosystem, this cost can be justified. It is also worth paying attention to the fact that the token underwent a rebranding only last year, however, its rate is almost stable, there were no sharp increases or decreases.
The VeChain platform has a strong and experienced team, an impressive list of partners, many investors and fans, as well as real plans to integrate blockchain into peoples daily lives. But its too early to talk about a high return on investment in the VeChain cryptocurrency. Taking into account the prospects of the project, as well as new technologies that the platform is introducing, some crypto experts believe that the VET token may grow in value. But it is worth noting that you should not count on this in the near future.
According to analysts, the project needs three to five years to fully develop. If VeChain is able to realize all its plans, then the platform will definitely take the TOP positions in the crypto market, but this takes time.
The modern world does not stand still and is actively developing. It would seem that only yesterday the first cryptocurrency appeared, and today it has already been successfully integrated into many areas of human life. I would like to note that the main idea of the existence of a digital currency is that it should not be backed up by real, that is, fiat, money, as well as any other assets. The market value can only be formed by the level of demand for cryptocurrency. However, for many traders, especially large investors, multicorporations and even ordinary users, simple demand is not enough, because even now many continue to consider the entire digital currency a simple soap bubble that may burst sooner or later. It is for this reason that a new type of cryptocurrency was created - stablecoin (stable coins).
Stablecoins are a new type of cryptocurrency, which is backed by some fiat money or any other asset (it can be gold, oil, etc.) and depends on their value. The introduction of such a currency as stablecoins in the cryptocurrency world is a kind of compromise between the supporters of the classical economic system and the innovators of the digital world.
Among the wide variety of both cryptocurrencies in general and a variety of stablecoins, I would like to draw your attention to a project called USD Coin (assigned exchange ticker - USDC) - a tokenized American dollar. One USDC token is equivalent to one US dollar.
The USDC digital currency operates on the ERC-20 standard and operates on the Ethereum blockchain. This cryptocurrency is as transparent as possible and operates, in accordance with US law, within the framework of controlling laws on financial activities.
This digital currency is a joint work of Circle (the development of technologies for making payments of different levels) and the Coinbase crypto exchange. The development and technical implementation was directly entrusted to the joint organization of these two platforms, which is called the Center Consortium.
The development team of this project notes that their main goal is to issue a token that can provide users with maximum security, as well as protect them from unwanted financial losses. It should be noted that many investors and users do not want to invest their savings in a simple cryptocurrency, because its rate can be extremely volatile. It is for this reason that USD Coin has an advantage over conventional digital currency.
It must be said that USDC tokens are not the very first stablecoin that was issued. However, precisely due to the fact that the project entered the world market only last year, and therefore is relatively young, it was able to absorb the best qualities of stablecoins. Among the main advantages of USDC are:
Submission to the official US government agencies that conduct financial regulation activities. This fact is very attractive for investors, because, along with pegging to the dollar rate, it becomes a guarantee of stability.
Passing audit control in the accounting company Grant Thornton, which is one of the most reliable in the world.
Efficiency of all financial transactions. Fiat bank transactions for private clients and large companies usually take a long time. The USDC cryptocurrency project can offer high speed of all transactions, maximum efficiency and complete reliability.
It should also be said that Circle issued USDC in order to guarantee maximum security for the investments of traders and depositors. During the crisis in the digital currency market, users have the opportunity to transfer their savings and investments to USD Coin. Due to the tight pegging to the US dollar rate, the holders of these tokens do not have to worry about unexpected rate jumps, the volatility of their investments and a decrease in the deposit.
It should be said that this project was supported by almost all major cryptocurrency exchanges, so it will not be difficult to buy USD Coin.
Considering any digital currency, you should definitely pay attention to its features and capabilities. Thus, USD Coin is a stablecoin that has financial and operational transparency, which is very important for users.
For example, if you need to exchange USD Coin for Fiat, you can use an application called Circle USD Coin. It should be noted that this application has absolutely all the features that users may need, including converting finances, making transactions, as well as all other actions, as in any banking system.
It is also necessary to mention that any interested bank has the opportunity to act as the issuer of the USDC digital currency. In order for a bank to take advantage of this opportunity, it needs to confirm that it has all the necessary documents that allow it to engage in financial activities, as well as meet all established FATF standards and AML policies. In addition, a good reputation in the industry and public presentation of financial statements after each quarter, as well as proof that reserves have been maintained, are essential. All issuing companies must maintain mutual exchange and redeem USDC coins from other partners if necessary.
It must be said that this project is aimed at the global level. The plans are to attract issuing banks that will be able to support the issuance of USDC coins in all currency regions of the world.
I would like to draw your attention to the clear advantages of using stablecoins over fiat money. The main convenience, thanks to which many people prefer stablecoins, is autonomy and independence from banking systems and fiat funds. It should be understood that when using fiat, even the most democratic banks will dictate their terms, which may not be entirely convenient for users. The advantages of choosing digital money over conventional ones are obvious:
USD Coin coins are stored on clients personal accounts, as well as on cryptocurrency wallets, and not on a deposit account with a bank, which quite often imposes certain restrictions on clients.
Absolutely all financial transactions are performed in a few days. Financial transfers within the USDC network are processed without any delay. It must be said that there can still be delays, but only if the network is extremely congested. However, this happens extremely rarely, and if such a situation does occur, the technical service of the project eliminates any delays and difficulties as soon as possible.
During transfers, the commission charged by the system is minimal.
The exchange of funds in banks takes place at a very overvalued rate, and the sale at a lower rate. USD Coin is exchanged at the rate that is currently valid online through Circle.
Based on all of the above, we can conclude that using USD Coin stablecoins is extremely convenient and practical. The financial system that the developers have implemented is well thought out and reliable. This approach is extremely important in the modern world, and, accordingly, opens up many opportunities for the success of the project in the future.
Naturally, considering any cryptocurrency, you need to know how it can be obtained, as well as how it is generally created. It must be said here that USDC mining does not exist. This token can be purchased for fiat currency in the equivalent of 1: 1 with the US dollar.
You can also get this cryptocurrency by simply exchanging or buying it on one of the exchanges where this currency is traded. It is also possible to purchase tokens for fiat. To do this, you need to deposit money into a bank account, and then transfer the address of your wallet to Ethereum, because because USDC is an ERC-20 token, Ethereum wallets are suitable for storing it. It is to such a wallet that USDC tokens will be transferred.
It is worth noting that the USDC cryptocurrency is not infinite. And the maximum possible number of tokens is 1,000,000,000. Currently, there are over 455 million coins in circulation.
Please note that this system provides for the process of redeeming tokens. This is done through a request to the Center. After completing all the necessary checks, the tokens are burned without the possibility of recovery, and the funds are transferred to the accounts of external banks. Thanks to this system, the development team was able to ensure that the USDC issue would not be excessive.
Strengths of USD Coin
USDC cryptocurrency is a very interesting and promising project, because on the basis of this stablecoin many interesting technological solutions have been implemented that have helped the project become a leader in its field. This is not surprising as the USDC has many strengths, including:
famous partners and major investors. The USDC project is supported by both companies that work in the field of IT and digital currency, as well as large financial corporations, whose help has a beneficial effect on the project;
use in daily life. The technologies provided by the Center are used by many large Blockchain-based platforms;
increased demand due to the use of the USDC coin in successful projects of Circle;
the opportunity to exchange compromised USDT tokens for more promising USDC coins. Thanks to this decision, the project has become very popular.
In addition, I would like to say that USDC is the only stablecoin that was able to pass the re-verification of financial collateral. This fact favorably played into the hands of the project and was able to attract even more investors. Experienced traders and crypto experts agree that it is the USDC digital currency that has every chance of becoming the main stablecoin, and, accordingly, it is in this project that one should invest.
Today, the digital currency USD Coin is ranked 21st in the cryptocurrency rating according to the CoinMarketCap website. The daily trading volume exceeds $ 224 million and the market capitalization is over $ 472 million.
Since USDC is a stablecoin, its value is equivalent to one US dollar. If the value for any reason decreases (usually by one or two cents), then this entails a massive purchase of tokens, which in turn increases the value of USDC to its previous positions. If the price of one token exceeds one dollar, then many users begin to sell it, because this price is higher than the one at which they bought. This leads to a decrease in the market value of the token. Thus, a self-regulation process takes place.
According to the development team, USDC is different from the standard understanding of what stablecoins are. The developers claim that their cryptocurrency is analogous to the US dollar in the digital realm. That is why you cannot make purchases and sales of these tokens for dollars for direct profit.
It should be noted that you will not be able to make money on the USDC rate races. It is for this reason that investing in this project for the purpose of earning money is unprofitable. Rather, it is suited to guarantee users the stability and safety of their investments. It was thanks to this decision that the USDC project gained popularity, which allowed it to break out of the TOP cryptocurrencies.
Currently, in the field of Internet technologies, as well as in the world of cryptocurrency, there are several urgent problems, the solution of which would lead to a significant breakthrough in the development of this industry. We are talking about problems with the preservation of confidentiality, security of personal data of users and lack of confidentiality. It should also be said that the problem of disclosing your personal data in order to obtain the necessary access to any services or to perform certain actions on the network is also important and relevant at the present time.
In todays review, we will focus on the Ontology cryptocurrency project (assigned ticker - ONT). ONT is a digital token used in the global Ontology network. The main goal of this network is to solve all the above problems. According to the development team, this digital currency forms a special connection, the so-called bridge between the real and the digital world. This approach may seem absolutely fantastic and impossible in modern realities, but such a statement is partly just a marketing ploy, but in reality everything is much simpler.
Speaking about the fact that Ontology will connect the real and digital world, the creators of the project had in mind the formation of a special platform for integrating blockchain technologies into the daily life of various enterprises and corporations, as well as educational and financial institutions. All interactions as planned will take place within the Ontology network itself. It is also worth paying attention to the fact that this network will be connected to a more global blockchain network, for example, to the related NEO project.
Thanks to the use of the versatile and sophisticated blockchain technology based on the Ontology cryptocurrency, many companies will be able to gain access to building their own corporate distribution networks, which will greatly facilitate workflows and improve business productivity.
This blockchain project was released at the end of autumn 2017. A Chinese development team from the Onchain project worked on this platform. They have been working in the field of IT and cryptocurrency since 2014, and therefore there is no reason to doubt their experience and professionalism.
Ontology digital currency was released in order to maximize the functionality of various tools and business mechanisms for companies. The main task of the new project is to build personal blockchain platforms for corporate networks. It is worth noting that to develop a decentralized network, you do not need to be an expert in this area, because a beginner can build such a network. This approach is extremely important for both large corporations and small companies. This became possible thanks to the use of a special modular structure in the Ontology project. Such a project is being implemented due to the existence of ready-made blocks of solutions and it turns out that in the process of creating a corporate network, it just needs to be assembled from the proposed blockchain solutions.
Since the development team that released the project has been working in the field of cryptocurrencies for a long time, they were able to successfully integrate many interesting technological solutions into this system, which in turn expanded the range of Ontologys capabilities. For example, thanks to the use of a modular structure, many companies and enterprises became interested in the project, which in turn caused a demand for the cryptocurrency of this project. And this is not surprising, because such a structure is unique in its kind. Modules implement individual functionality, including:
Verification of users (both individuals and legal entities), individual devices or gadgets in the IoT. It is implemented using ONT ID. It is also worth noting that each owner of the formed blockchain can provide an opportunity to carry out identification for other users. Innovations in the field of consensus building, various algorithms that provide data encryption, and other technical nuances of the project are addressed through ONT Custom.
The toolkit for the formation of decentralized applications through the smart contract system, as well as the choice of management methods, is provided by HydraDAO.
Speaking about the technological solutions that were implemented in the project, I would like to note the structure of the Ontology network. It consists of the following elements:
Chain Network (standard network protocol);
Trust Ecosystem (a toolkit that helps users create their dApps).
The main network implements the most significant functions that ensure the operation of the entire platform: they execute algorithms for reaching consensus, launch communication protocols between individual network components, and ensure the security and scalability of the entire project.
The second element of the network, called the Trust Ecosystem (translated from English - trust ecosystem), helps companies in the process of programming work products to conduct their activities. For this, simple tools are used. The Trust Ecosystem operates at 4 levels:
Identification of user identity and / or property.
Checking the authenticity of the application used in order to ensure the safety of confidential information (entered passwords, bank card details, phone numbers and other important data) from, for example, phishing attacks.
Analysis of all applied modules and protocols that are required to establish communication for the presence of malware and viruses.
Implementation of the processes of ensuring communication of all levels of the ecosystem with each other.
If we talk about the technology of reaching consensus, it is worth noting that the creators of Ontology decided to release their own algorithm, which they called VBFT.
At first glance, such a structure of the network seems very complicated and even a little confusing. However, in reality, everything is much simpler. It must be said that the entire system is ideally thought out down to the smallest details, and its work is well-coordinated and precise. It is because of this approach to security issues that the Ontology platform is preferred by both ordinary users and large companies.
However, Ontology is not only a digital innovator, the project also has its own digital currency that definitely deserves attention. ONT tokens are formed based on the principles of construction and operation of a similar and similar cryptocurrency project NEO. This means that there are two coins in the ONT system:
ONG, which is used to implement smart contracts (for example, NEO GAS).
ONT, which is required to gain access to a decentralized governance system and financial verification processes.
Naturally, when considering any cryptocurrency, you need to know how it is created. Unlike many digital currencies on the modern crypto market, which were issued through ICO (initial coin offering), ONT tokens have bypassed this process. The development team decided that it would be more cost effective to do AirDrop instead. For this reason, it was possible to receive ONT tokens:
Having exchanged on the exchange. This was available to NEO token holders. One NEO coin was equal to 0.1 ONT coin.
For users who have registered early on the Ontology project website. For this category of users, the project provided one thousand ONT tokens.
This approach aroused some interest in the crypto community, which attracted more new users and investors to the project.
It is worth noting that Ontology mining is not technically possible.
By studying the features that ONT cryptocurrency has, it is necessary to establish whether Ontology is infinite. The answer to this question is simple - no. As a result of the one-time emission, one billion ONT tokens were released to the market. In their official statements, the developers did not mention whether there will be an additional issue of these coins in the future.
It is also necessary to pay attention to the fact that most ONT coins are in the hands of the owners of Onchain and the NEO cryptocurrency. After the release to the market, ONT tokens were distributed as follows:
35 percent went to Ontology (10 percent for the tech community and 25 percent for further development of the project);
25 percent - to shareholders and investors;
15 percent went to the Ontology Core team;
12 percent went directly to the Ontology project;
The NEO project team received 10 percent.
Absolutely all cryptocurrency projects, the main goal of which is to introduce the latest digital technologies into the real economy and everyday life, deserve attention, because, according to experts, the future belongs to them. However, the successful integration of such technologies depends on many factors. The undoubted advantage of Ontology is that the project can be integrated into an existing business. In addition to the famous development team, experience of the NEO cryptocurrency and original technical solutions, it is worth noting other strengths of Ontology, which include:
application of the VRF algorithm. This enables Ontology to be much faster and more productive than other similar platforms that use standard methods like PoS or PoW;
use of a unique three-tier system for verifying and ensuring network reliability;
maximum ease of use, convenient toolkit and modular block structure makes the process of writing decentralized applications based on Ontology easy and comfortable even for those users who do not have deep knowledge of programming;
wide area of use - according to the developers, the main goal of Ontology is to create a single workspace between the real and the digital world, as well as the integration of business management processes through blockchain networks.
It is also worth adding that the developers of the digital currency Ontology want to form a global platform for working with all types of Blockchain technology, as well as provide unlimited opportunities for writing decentralized applications. But at present, the blockchain has just begun to develop, and therefore, not all planned opportunities can be implemented due to technical difficulties. It is worth noting, however, that the Ontology team is sticking to their roadmap and publishes monthly reports on the work that has been completed and what remains to be done in the future.
Currently, Ontology cryptocurrency is ranked 28th in the cryptocurrency rating according to the CoinMarketCap platform. One ONT token costs 0.53 USD, which is far from ideal, because the maximum price at which ONT was traded exceeded $ 9. You can buy Ontology on all major cryptocurrency exchanges.
Nevertheless, even with this value of tokens, the daily trading volume exceeds $ 120 million, and the market capitalization is $ 343,255,367, which is a very good indicator.
It should be noted that, although the price of tokens is far from ideal, the rate is still stable, and over the past year there have been no sharp jumps in it. This means that ONT cryptocurrency is profitable. According to famous traders and crypto experts, this cryptocurrency is not very suitable for long-term deposits at the present time, but for medium-term investments it is quite a good option.
There is no doubt that Ontology digital currency is a very promising project with big plans for the future. If the team is able to realize all the goals, then they will definitely succeed, and the currency will have every chance to take the TOP positions in the cryptocurrency market. Whether the project will be able to achieve such heights - only time will tell.
More recently, almost nothing was known about such a cryptocurrency as Ravencoin. However, in 2019, it increased significantly in price, demonstrating excellent growth dynamics. Therefore, you should familiarize yourself with it in more detail to understand whether it makes sense to invest in it.
Ravencoin is an open source project that uses modern peer-to-peer technology without intermediaries in the process. Users have the ability to make their own contributions without any difficulty.
This currency is a digital decentralized network, the main purpose of which is to facilitate the transfer of financial assets, like Ethereum. The Ravencoin coin is a fork of Bitcoin with the further formation of an independent network, that is, a fork. The Ravencoin blockchain is also based on this principle. The crypt also functions on the bitcoin code. The main reason for the appearance of any fork is the desire to endow the new currency with any special additional features and functionality that are in demand by a certain audience of users. For this reason, in order to satisfy the wishes of some of the currency owners, a new crypt is being created with modernized qualities. It also happened with Ravencoin. The developers announced that the work on the creation of a new project is starting in 2017. The program was launched already in January 2018.
It is necessary to separately point out that since Ravencoin is still a bitcoin project, there is no need to talk about the presence of any team of its own. Most likely, employees practicing in bitcoin were simply allocated, who took up the new project. However, the names of Tron Black and Bruce Fenton should be highlighted, which play a major role in the development.
In the early stages, RVN tokens appeared only on small exchanges. However, after the listing was carried out, the cryptocurrency began to appear in high positions on the Binance exchange. There was no special advertising campaign for recruiting potential investors. However, this was not an urgent need, because the team managed to get the support of influential investors. The roadmap was formed at the first stages of the project creation, and the developers adhere to it without question.
The main goal of this project is to create a secure and most convenient crypt for mass use and instant transactions. This new digital currency is essentially a fork of bitcoin, but at the same time it has its own characteristic features that developers place bets on in order to further popularize.
This cryptocurrency is based on basic principles such as decentralization, open access, reliability and publicity. Also, the cryptocurrency is absolutely private, since other users do not have the opportunity to find out the amount of the transaction and the balance of funds on the account. Efforts are being made by the developers to improve the tokens from a technical point of view.
When developing, the priority is to form your own hashing algorithm to ensure resistance to ASIC devices. Due to this, the availability of cryptocurrency mining on video cards and a central processor appears. Also, the attention of developers is focused on the publicity of the source data. It is indicated that everyone can take part in the development, since the complete list of resources and codes is in the public domain. For this reason, users, for a fee from the company, can use these resources to improve functionality.
If we consider the user level, then attention is focused on the convenience of the created wallet and the speed of the transaction. The developers are doing everything possible to ensure that the crypt becomes popular for mass use and serves as a means of payment.
Not the least role is played by activities related to the development of the tools available on the platform. It is planned to integrate new features that are based solely on modern developments. It is on their basis that the founders plan to create money that is not only adaptable to user requirements, but also fully relevant for operation in a wide variety of areas of activity. You should also pay attention to the fact that within the framework of this platform, in the future, it will be possible to transfer not only digital money, but also tokenized assets in order to increase their value. This aspect is one of the main distinctive features of the presented project, which ensures high competitiveness relative to other existing cryptocurrencies on the market.
The developers of Ravencoin immediately presented to the public a statement that they would fight against the monopoly of ASICs. For this reason, this crypt will be distinguished by high indicators of resistance to Asic mining. Earlier, the X11 multi-algorithm was created for this. It included eleven hashing algorithms, which gradually replaced each other. However, the developers of mining hardware still managed to release Asic for cryptocurrencies. Because of this, the creators had to go even further and implement sixteen algorithms into the network, providing reliable protection.
Mining of this cryptocurrency is possible only on central processors and video cards. The developers reserved the right to change the algorithm. The direct principle of crypt mining is a sequential change of sixteen computational algorithms. The order of alternation will depend only on the hash amount on the previous block. To date, there are no devices that are capable of reincarnating in this way. Despite this, for graphics adapters, this process is not at all difficult. Therefore, it can be argued that mining of this crypt is possible only for owners of large or small rigs on video cards.
Due to the presence of a unique technology of its kind, which is called X16, users have the opportunity to choose the most suitable algorithm for mining. Therefore, it is possible to mine coins after the algorithm is activated by the system.
Many users argue that there are periods when mining this crypt is completely unprofitable and you need to wait until another algorithm is connected. There are also other difficulties, which are that, due to the influx of users, mining has become more difficult and quite often simply unprofitable. It is not recommended to engage in mining alone, because the best solution would be to join large pools.
Today there are 728,375,000 RVN in circulation. In total, 21 billion coins were issued. Since the inception of this project, an increasing number of miners are starting to mine this particular crypt. The potential of this coin has been hugely influenced by the support of the community, which has proven to be incredibly strong.
The Ravencoin cryptocurrency has already established itself on the modern market on the positive side, as it has a number of strengths, appreciated by many users:
The capabilities of this currency allow you to make changes to the block size up to ten megabytes. This, in turn, allows you to create additional transactions, while maintaining the excellent speed that is observed when transferring data on the network.
Ravencoin allows you to patent different ideas. In this case, patent holders acquire special rights that can be transferred to others for use or sold. To this end, you just need to figure out on your own under what name the registration of the patent asset will take place, after which you can proceed directly to the registration procedure. But it should be borne in mind that the above rights are valid only in the Ravencoin system.
In order to store coins, the developers have created easy-to-use wallets. They are equipped with modern methods of protection, therefore they are reliable. Users can be confident in the safety of their own assets.
The system uses a fairly easy-to-use technology of communication between users of this network. This allows for almost instant transactions between them.
There are many different rewards available on the platform. Members can take advantage of the awards and bonuses that the creators reward those who participate in the development and improvement of the system.
Since there is a high transfer rate, which is ten times higher than bitcoin, if we consider this indicator in terms of payment to miners and electricity consumption, this crypt is distinguished by high efficiency rates.
In addition to all of the above, it should be noted that the developers are constantly improving the existing software, new solutions are being introduced.
For the period of creating the review, that is, for December 2019, the cryptocurrency rate is 0.02 US dollars. Today, in the rating of cryptocurrencies, Ravencoin is in forty-first place, which is a fairly good indicator for a young project. It should be borne in mind that user interest in platforms that provide asset tokenization is growing every year. Due to the modern functionality of Ravencoin, it should not be ruled out that its internal token may become quite popular and grow in price. Also, do not forget that this coin successfully develops the market, cooperating with the most popular exchanges. It is quite easy to buy Ravencoin with them today.
This project has secured the support of such a large exchange as Binance, since the advantages of Ravencoin are repeatedly demonstrated on Twitter by the director of this exchange. This is all despite the fact that the sites management rarely advertises coins added to the listing. Also, importantly, the developers of the crypt presented an interesting roadmap, the points of which are being regularly performed. It speaks about the reliability of the project and inspires confidence of users. For the launch of new tokens, it is planned to introduce rewards and bonuses.
Experts predict that the growth of the token is quite possible in 2020, and Ravencoin can be bought for one dollar. Therefore, the popularity of altcoin in terms of investment is growing rapidly, but it is worth considering certain nuances:
Ravencoin is more suitable for short distances. Having studied its features, one should note one pattern that is constantly repeated. After positive information appeared in the media, the price of Ravencoin began to rise rapidly. However, after sharp jumps, a correction follows, during which the value of Ravencoin falls.
With a long-term investment, success will depend only on whether the developers succeed in expanding their client base. Due to a fairly quiet start, an impressive number of potential investors were lost.
Since the currency is fairly new, it is impossible to give accurate forecasts for the long-term prospects of Ravencoin. However, you can make good money on mining and buying and selling coins if you sell them during the growth period and buy again after the decline. However, investing large sums in the long term is a rather risky decision.
Cryptocurrency ABBC Coin is a platform that operates on the basis of modern distributed ledger technology. Due to this, it becomes absolutely open and as transparent as possible for each of the project participants. The company has built a system as a security system for protected funds, which is significantly improved through secret innovative solutions.
The ABBC project itself was created as a startup. The headquarters is located in New York. The network launch of this project began in 2018. Already in the first month of its existence, the company had 50 million tokens distributed. All participants received 100 AVS. In addition, for each attracted referral, there was an opportunity to receive 20 tokens. At the launch of the network, an electronic wallet was also released. Soon, the developers implemented the wallet protection function using the face scanning method. This was followed by the launch of mining and blockchain upgrade. At the final stage, the developers launched their own online platform and service for making internal payments using ABBC. At the beginning of 2019, users could familiarize themselves with the release of the payment system.
ABBC has managed to attract a fairly high interest of the public. The coins were originally named AlibabaCoin. However, this affected the interests of the marketplace of the same name Alibaba. Since ICOs are prohibited at the legislative level in China, the similarity in trademarks undermined the reputation of the latter. Following a series of lawsuits, ABBC announced to the public that the Alibaba name would be phased out in the future, despite winning the court. After that, as soon as possible, the coins were renamed ABBC Coin. Although the companys management decided to give in to the demands of the Chinese trading giant, lengthy litigation and the final court win were not in vain. This became the best advertisement for this cryptocurrency, after which investor interest began to grow.
The infrastructure of the project has an impressive database and is highly developed. The payment system is absolutely reliable due to the use of modern security methods. Absolutely no matter where the users are, nothing will prevent them from exchanging money in the shortest possible time. Transactions are made quickly, almost instantly. Developers are trying to create services that can most freely integrate into the trading space of the network. Thanks to this, users have the opportunity to interact with each other absolutely safely. The use of the Internet provides an opportunity for both companies and ordinary users to conclude financial transactions remotely. For this company, this is the initial mission, since due to the lack of free access to international markets for many users, it is the Internet that can be an excellent way out of this situation.
This platform provides the opportunity to make purchases using electronic wallets, as well as exchange tokens. Electronic wallets are completely free to use and maximally convenient to use. Participants are given the opportunity to use them not only on computers, but also on mobile gadgets, since there is a version for Android. It also provides a function that assumes the secure storage of several types of altcoins. Each transaction must be confirmed by entering an individual pin code. In order to create content, users can use a wide variety of tools. The transactions made are completely safe, because the wallet can recognize biometric data. Users are encouraged to connect to online stores with a payment function.
The network of this company implies providing the opportunity to participate as a trader or financial broker. Such roles for users provide high liquidity. To expand participation in the network, ABBC developers implemented special training courses that were designed for traders and brokers.
ABBC Coin was able to build a platform where secured funds were used as a security system. Numerous improvements introduced. Due to the implementation of special modern solutions in the blockchain algorithm, the currency is compatible with many other modern technologies, such as hashing and face recognition.
There is an opportunity to buy ABBC Coin on several exchanges, including Bit-Z, OOOBTC, CoinBene, DragonEx. It should be noted that the above exchanges are characterized by low liquidity indicators, therefore it is extremely risky to cooperate with them. The fund announced a decision that in the very near future the crypt will appear on 13 new exchanges. However, to date, there is no exact data as to what exactly these exchanges will be. Therefore, you can buy ABBC Coin only on the above. At the same time, representatives of the company focused on the fact that they expect a sharp increase in trading volumes on exchanges respected in the cryptocurrency world. Trading is carried out exclusively in tandem with BTC. New blocks and coins in this system appear thanks to mining. However, mining of this cryptocurrency is not popular with miners today.
The platform was based on the Alchabacoin blockchain using special hashing technologies and the X13 algorithm. It should be noted that the reliability of the presented algorithm is rather high. Today it is believed that it is theoretically impossible to hack due to the use of thirteen hashing circles. Moreover, each of them has different functions. As a result, it can be argued that ABBC Coin is included in the list of the most secure cryptocurrencies in the world. The issue of tokens up to 1.5 billion is envisaged.
Although the crypto project in question was launched relatively recently, after six months the ABBC Coin cryptocurrency was able to rank 47th in terms of capitalization, which indicates good prospects for further development. This is quite a rare occurrence for such a young project. The value of ABBC Coin continues to increase, there are quite rapid leaps. At the same time, when analyzing exchange rate dynamics, it can be seen that ABBC Coin prices grow much faster than such popular cryptocurrencies as Bitcoin and Ethereum. This fact, in turn, confirms that more promising currencies can develop rapidly, and the profit from them can be no less than from those whose reliability has been tested by time. In addition to the above facts, significant attention of potential investors is attracted by the fact that the team provides support to families with a fairly low level of income. ABBC regularly invests in global anti-hunger funds.
According to the current protocol, a fee is provided to users for each operation performed in order to accumulate in the Social Decentralized Crypto Fund. All users who show a desire have the opportunity to take part in charity, and for this they will additionally receive money from this fund. The company regularly attracts partners and investors to the project for the purpose of charitable deeds.
The ABBC Coin cryptocurrency has quite good prospects today. In order to be convinced of this, it is enough to consider in more detail the advantages of this project and its strengths:
on this platform, services are provided to users for face recognition, payment for purchases and exchange of tokens on crypto-exchanges, which will certainly interest potential investors;
this platform is able to get the most out of the intelligent use of the capabilities of the worlds largest retail service;
dealers of this company are located in many countries of the world.
Today experts do not undertake to predict the long-term prospects of this project, since it is rather difficult to predict the future of this currency. On the Internet, there are mixed user reviews, half of whom are satisfied with the capabilities of ABBC Coin, but the second notes a number of shortcomings. No consensus has been formed yet. In addition, close attention should be paid to the fact that the team does not have qualified advisors, which is a significant drawback. Another weighty reason to think about it is that the companys roadmap has not included plans for further development. At the same time, the price of ABBC Coin coins is somewhat overpriced for everyone.
The lack of user trust deserves special attention. The roadmap contains plans, the implementation of which is impossible from a practical point of view. The ABBC company indicated in their roadmap the amount that the coin could definitely achieve in the future. However, no one can accurately predict such results, because it is not known how the environment and the growth of other altcoins can affect the development of ABBC Coin. Moreover, it has been repeatedly proven that the developers predictions do not come true. At the first stages of the development of this project, the creators promised that by the beginning of 2018 the coin will reach a value of $ 50. But at the time of the review (now 2019), she could not reach even one dollar. Because of this, the number of potential investors is not high. In conclusion, it should be said that today the project cooperates with several exchanges that are low-liquid, and this is the reason for many risks.
During the period of its activity, the company has lost trust among users. For this reason, it is not recommended to invest significant amounts of money in this project - their loss can become critical. There is no confirmation yet whether it is possible to make good money on this cryptocurrency. Experts recommend that if you invest in this project, then on short-term distances, in order to win on a course change.
At the time of writing this review, ABBC Coin is in 47th place in the TOP cryptocurrencies. Its current price is $ 0.17. The capitalization indicator is $ 98,429,693. However, in the near future, the company aims to create a global online marketplace based on the ABBC blockchain. As a result, the overall picture may change dramatically and the cost of tokens will increase significantly. However, these improvements are possible only in the case of competent and correct implementation of innovative solutions and a response to these innovations from potential investors. Investing must be done extremely carefully, because after sharp upward jumps, falls, no less rapid, are not excluded. Therefore, it would be a good decision to completely abandon investments in this project and choose another one that is more reliable for investment. Even despite the price jumps, this cryptocurrency still remains one of the most risky coins that exist on the market and offer speculations against BTC.
The modern cryptocurrency world offers users many different projects, among their diversity it is easy to get confused. The question of which cryptocurrency should be paid attention to, and it is better to refuse investments in which project, is relevant not only for beginners in the crypto world, but also for experienced traders. In todays review, I would like to take a look at a platform called NEM, which is one of the long-lived digital marketplaces and offers the latest technology of the highest level. However, due to a number of specific reasons, this project is currently overlooked. And this is extremely strange, because NEM can offer users a much wider range of possibilities and functions than, for example, Ethereum. At the same time, NEM has no problems with the speed of processing financial transfers, excellent scalability and high resilience even to increased system loads.
NEM is a high-speed platform for the formation of smart contracts and various decentralized dApps based on proprietary blockchain technologies called Mijin. This technology was first used by the Japanese company Tech Bureau. The main feature of Mijin is the ability to use blockchains with limited access (private), as well as a guarantee of stable operation with a high level of security of personal data and user privacy. The project has its own token, which received the XEM stock ticker and is included in the TOP-30 cryptocurrencies in terms of capitalization.
I would like to note the fact that NEM technologies can be successfully applied in a real financial system and have every chance of being integrated into the world economy. This idea is embedded in the name of the project, because NEM stands for New Economic Movement - a new economic movement.
Initially, this project was supposed to start as a fork of another digital currency - NXT. However, the team decided not to build on previous developments, but to create their own blockchain. Knowing the history of the formation of the project, even today many crypto experts continue to argue that NEM is just a fork. However, this is not the case, and the NEM code has been rewritten twice. Initially, the blockchain was written in Java, and after that the developers decided to rework the code again and therefore translated the entire system into C ++.
In addition, there is an opinion that NEM is a Japanese project, but this is not entirely true. The main office is located in Singapore, and the team includes representatives from around the world. The developers note that their project is international. However, it cannot be denied that the most popular NEM cryptocurrency was in Japan. It should be noted that NEM is the second most popular cryptocurrency in Japan after Bitcoin.
In the process of creating the platform, the NEM development team relied on two fundamental principles that became the foundation of their project. The main priority of the team is to work on improving and modernizing blockchain-based technologies that can be applied in the real economy and implemented in peoples daily lives. The work is going slowly, but the results are already visible, because the NEM team produces only a high-quality product.
The second fundamental principle of this project is to stimulate the growth of the value of XEM tokens exclusively by increasing the popularity of cryptocurrency among users, as well as introducing their technologies into the real sector of the economy. For example, some Asian banks have already started using the Mijin blockchain, and the integration into the WeChat project last year significantly increased both the popularity of the project and the price of the cryptocurrency. It is worth noting that the NEM team is categorically against any manipulation of the rate of their cryptocurrency, and also does not support a speculative approach, preferring fair play in the market.
Based on all of the above, we can come to the conclusion that this project will develop in the future. NEM clearly follows its Road Map and is moving slowly but surely in the right direction. The developers do not set themselves the goal of getting rich, but rather are working on introducing new technologies into the lives of ordinary people.
NEM is a completely unique system that not only serves as a high-speed payment platform, but can also serve as the foundation for introducing blockchain technologies into everyday life. NEM is interesting not only for ordinary traders, but also for large investors and various companies. This is due to the fact that the project provides many different possibilities, among which it should be noted:
A public payment system that will operate on the blockchain with an extremely high speed of execution of all financial transactions and minimum commissions. This allows NEM to be a priority payment system and stand out favorably against other digital currencies.
The center of the blockchain is the Smart Assets system. This is a kind of analogue of Ethereum smart contracts, only more refined and technically advanced. Using this system, you can create any decentralized dApps, tokenize assets, and even combine different smart contracts that were created separately from each other.
The ability to organize ICO. Currently, this feature is not very popular, but developers believe that more companies will take advantage of this feature in the near future.
Using a digital signature algorithm to improve the security of nodes and increase the speed of performance.
Launch of enterprise blockchains for private networks.
Speaking about interesting technological solutions of this network, it should be noted that NEM works with not one, but two blockchains simultaneously: public and private. The public blockchain is used for the circulation of XEM tokens and mining, and the private blockchain is used to attract companies and cooperate with them. Such a blockchain can be used in banking, government, marketing and financial management.
Not so long ago, the NEM blockchain received another update, which was called Catapult. This development allowed the platform to significantly expand its functionality, and also increased the speed of transaction processing and scalability. Users can now create their own secure digital assets as well as merge transactions. In addition, as part of the Catapult update, it became possible to use simple money transactions, but based on the blockchain (carried out by converting fiat funds into XEM tokens for transfers).
It is necessary to pay attention to the fact that all technological solutions are unique, and in the field of cryptocurrency previously there were only private blockchains. The project has many plans, and if the developers manage to fully implement them all, then NEM can really form a new economic system.
Naturally, in the process of considering any cryptocurrency, users want to know how this coin is created, as well as how it can be obtained. It should be said that NEM mining exists, but it is called Harvesting - harvesting. This is a new type of mining that operates on a consensus algorithm and is based on proof of importance - Proof-of-Importance (PoI).
The essence of this algorithm is that the block reward is issued based on the users reputation. It should be said here that the reputation of a network participant is directly dependent on the number of tokens in his account, the number of financial transactions carried out, as well as some other factors. In order to take part in NEM mining, you do not need a super-powerful computer, because it can be launched from simple devices.
Since reputation is directly dependent on the number of financial transactions performed, this acts as a kind of incentive to increase the number of transfers. It is important that only the balance for the last few days is taken into account, and not for the entire lifetime of the account. This approach had a positive impact on the development of the project.
The main goal of PoI is not only to develop and popularize the NEM ecosystem, but also to create a type of block mining that will be fair and affordable for ordinary users.
You can also buy NEM on many cryptocurrency exchanges, including Binance and Bittrex, HitBTC and Huobi, as well as Okex and many others.
In the process of reviewing any cryptocurrency project, it is necessary to establish how many tokens were released on the market, as well as their total number. I would like to draw your attention to the fact that the number of tokens for different cryptocurrencies can differ significantly, some projects can issue an infinite number of coins, while others are only limited.
The placement of NEM tokens began in 2014. As a result of the one-time issue of coins, 8,999,999,999 coins entered the market. The developers state that there are no plans to issue NEM in the future.
For a full-fledged perception of the project, you need to pay attention to its advantages. According to crypto experts and large traders, the strengths of the NEM project include:
High speed of all financial transactions (on average, one transaction takes no more than 20 seconds). Several major Japanese banks have already signed an agreement with the NEM platform to form a payment infrastructure based on Mijin.
Low commission fees that do not exceed 0.001 percent of the total transaction amount (for example, transferring $ 10,000 would require only one dollar of commission).
Supports over 3 thousand transactions per second. This indicator is one of the highest among all cryptocurrencies. Only the Visa payment system can make more transactions.
Loyalty from government authorities. This is due to the fact that financial transfers within the network are de-anonymized, completely legal and transparent, and therefore cannot be used for shadow traffic.
Interaction with blockchain technology on the NEM platform is implemented via IP. It is for this reason that the platform is independent of programming languages.
Based on all of the above, we can conclude that this project has many advantages and is interesting both for ordinary users and traders, and for large companies.
Today, NEM is ranked 29th in the cryptocurrency rating according to the CoinMarketCap platform. One token costs 0.035173 USD. The daily trading volume exceeds $ 29 million, and the total capitalization level is over $ 318 million.
Although the price of NEM tokens is far from ideal, it is stable. Over the past year, there have been no unreasonable fluctuations in the rate, and all changes in the value of NEM were natural. The current price can be explained by the fact that the project has not announced itself for a long time, as well as by the fact that the development team does not devote enough time to advertising its platform. The cost of tokens may rise if the next successful update is released.
According to many experts and experienced traders, the NEM cryptocurrency project is underestimated, because the platform offers many original solutions both in the field of blockchain technologies and in other areas. In the meantime, NEM is confidently in the TOP-30 and does not plan to leave its positions. Fans of the project are confident that NEM will be able to rise even higher, but this takes time.
ZB tokens are the internal cryptocurrency of the ZB exchange of the same name. This exchange is a Chinese digital asset trading platform. Due to the fact that in China there is a ban on the use of cryptocurrency at the legislative level, this trading platform was registered in an offshore zone (in Samoa).
This service provides services not only to residents of China, but also to citizens of other countries. The ZB token maximally implements the scheme of additional services and privileges presented by the company. Coins can be used not only for exchange, but also as a means of payment on this site. In addition, they can be used to acquire the "VIP" status, which allows users to receive all kinds of discounts on transactions and gives access to special events of the exchange that are closed for public access. The token was officially launched by the developers of the exchange on September 27, 2018. This digital coin operates on the Ethereum platform.
The project is young enough. The site was officially presented to the public on November 1, 2017. The development of this project was carried out by the team of ZB Network Technology Limited. Initially, this exchange functioned exclusively in test mode, being at the stage of revision.
At this time, the developers were introducing additional functionality. Users were able to register only from the beginning of December 2017. At this time, the creators put forward a proposal to distribute the exchanges profit among all users. Such an action took place for a whole month, from December 1 to December 31, 2017. Anyone who had a desire could register and receive a reward from the company for carrying out various kinds of operations on this site. Already on August 16 of the following year, the management of the presented site opened another division, but this time in Malta, which is distinguished by its loyal attitude to cryptocurrency projects. In September 2018, the developers launched a cryptocurrency token. Today it is used as an internal means of payment.
Special attention should be paid to the availability of a user-friendly mobile application on the exchange. You can download it directly on the official website. The development team has been implementing this application so that users can find out the information of interest and carry out transactions in any place convenient for them.
The issue of security also plays an important role, as it certainly worries traders. In this case, it should be noted that the number of fraudulent intrusions has increased significantly today. In addition, the creation of phishing sites has been observed that use the interface exactly copied from the main platform. Therefore, before performing any financial transactions, it is imperative to check the entered domain name.
The technical features of the system are at a fairly high level. When carrying out financial transactions, it is expected to enter an individual code, there are CCL certificates that allow you to ensure reliable protection of electronic wallets from fraudsters.
ZB cryptocurrency is a universal internal token for exchange on the ZB site. Despite the fact that today ZB operates on the Ethereum blockchain, it is planned to launch it on the public network in the future. Thanks to this token, it is possible to implement various scenarios in the ecosystem of the site, due to which support is provided directly to the exchange products. In addition, through the use of this token, the program of incentives for users of the cryptocurrency exchange is fully implemented. The coin is used to provide unhindered access to the special features of this site, to receive all kinds of discounts and bonuses from trading.
It is possible to learn more about all the offered discounts by simply going to the official website of this site. There, users are provided with comprehensive information in an accessible and understandable format. In addition to all of the above, holders of internal tokens were granted the right to participate in the management of special events of the exchange launch panel. The following circumstance should also be highlighted: the developers provide that 400 million coins will be used directly by the exchange fund in order to protect the assets and income of users. During the first five years after the launch, as the developers plan, the site will buy back 25 percent of the trading commissions every month. This, in turn, will significantly reduce the total circulating volume of tokens in the market. As a result, after the implementation of this event, the cost of ZB will increase significantly.
The currency is fully decentralized, therefore, where the user is located, it does not matter at all for making any payment transactions. The currency is not linked to a specific country. In addition, the availability of funds in the account is not taxed, which is quite beneficial for entrepreneurs. However, it should be noted that for this reason, cryptocurrencies are prohibited in many countries.
Thanks to the perfectly working security system, third parties are not able to obtain any information regarding the balance of assets in your electronic wallet or the amount for which the transaction was made. As a result, absolute confidentiality of the transactions is ensured. Transactions are made as soon as possible, which is an undoubted advantage of this system.
The basis of the presented cryptocurrency, like many others, is such principles as decentralization, open access for users, high reliability and publicity. Each of the above points is fully implemented. Users can be absolutely confident in the safety of their financial assets through the development and implementation of modern systems. In addition, complete privacy of users is ensured. You should also pay attention, if we consider the cryptocurrency exclusively at the user level, the convenience of the created wallet. There is a high speed of transactions, completely regardless of their size. The creators of the project regularly improve their idea, because it is important for them that this cryptocurrency is in demand among the mass consumer. However, it performs the function of a means of payment so far exclusively within the ZB exchange. And the fact that it is impossible to exchange for fiat money should be separately highlighted. In order to buy ZB, you will need to initially exchange fiat for another popular altcoin, and after that you can make a purchase.
Users are presented with modern tools that can be used on the platform. The developers plan to integrate new, more advanced features that will be based on the most modern developments. In the future, the creators plan to develop assets that are maximally adapted to the requirements of most users and that can be used in various fields of activity.
Nothing is said about mining this cryptocurrency. But, in fact, it is not needed, because the emission of cryptocurrency is carried out directly by the developers. You can either buy ZB directly on the exchange, which has the same team of creators, or get it as bonuses when trading directly on this exchange. As stated above, the ZB crypto exchange rewards users for activity with internal tokens as an incentive.
To date, only three exchanges are traded using the ZB cryptocurrency, each of which is quite young and little-known. Despite this, the developers plan to conclude agreements over time to bring the crypto to the worlds leading markets. Today, the cryptocurrency is fully suitable for its direct purpose, which is to play the role of a means of payment directly on the ZB exchange.
There are 463.2 million coins in circulation at the time of writing. Market capitalization indicators are $ 82 million, due to which ZB is ranked 53rd in the overall ranking of cryptocurrencies by this criterion.
ZB has an impressive number of advantages, among which the following can be distinguished separately:
a fairly modest amount of commission and a low cost of carrying out operations to withdraw funds are provided, due to which work on the site is profitable;
a modern security system has been introduced, due to which users can completely not worry about the safety of their tokens;
an impressive variety of cryptocurrency pairs is presented, thanks to which users have the opportunity to independently choose the most profitable options;
you can use not only a personal computer for work, but also any gadgets, since there is a mobile version that provides convenience during work, regardless of location;
the interface is completely clear and easy to use.
Due to the presence of the above advantages, there are prospects for ZB to continue to exist and gain popularity among users. Investors are already actively interested in the project today.
As a result, it must be said that the ZB token is a kind of universal tool through which the official scheme of additional services and incentives is implemented on the site of the same name. The main purpose of this cryptocurrency is to attract new users to the exchange to increase its level and popularity in the cryptocurrency market. In addition, it should be noted that the token is deflationary, which means that the price of ZB can only rise over time. However, at the time of this writing (December 2019), the cost of ZB does not even reach one dollar. The ZB price is only 19 cents. However, the creators promise that in the near future the situation will change in a positive direction.
In the future, the developers plan to create their own ZB blockchain, where all elements of the crypto exchange will operate. After that, ZB tokens will act as an internal payment facility for this ecosystem. However, today, from a technical point of view, this cryptocurrency is not recommended to be seriously considered, because at this stage of development, the main purpose of the token is to provide users with additional profit by performing various operations on the exchange.
There are some drawbacks that prevent the demand for cryptocurrency from increasing. We are talking about such moments:
work becomes more complicated due to the fact that there is no version of the site in Russian;
support operators do not always process requests, even in English;
fiat currency is not allowed to be used in trading;
the site is very young, therefore it does not have an excellent reputation and user confidence.
The online reviews are quite positive about both the exchange and the internal token. However, it is not yet recommended to invest significant amounts of money, since there is no stability or regularity in the growth of the ZB price. If you still want to invest in this project, it is better to use non-critical amounts.
Login (Email):
Please fill in all the fields carefully
Your e-mail
Password
Repeat the password
Please fill in all the fields carefully
Enter the e-mail address specified during registration
New password
Repeat the password