Hey. Please tell us about the advantages of crypto currency. I was interested in the project, I would like to know everything in detail.
• Anonymous transactions – the users do not have to provide their data, their addresses consisting of digits, as well as lowercase and uppercase letters can be changed for each transfer;
• Secure storage and transfer – marginal risk of losing funds when encrypting the wallet, as well as checks preventing the double transfer of the same coin to several people at once;
• Quick transfers from anywhere in the world, as long as there is Internet access;
• No fees or very low fees – transactions without intermediaries; • Convenience and ease of use – the users do not have to provide any data, only their wallet address;
• P2P (peer-to-peer) networking – there is no owner or manager, so nobody is able to block any accounts;
• Limited and strictly planned supply;
• Independence from governments and banking systems;
• No limitations – cryptocurrencies do not have to be exchanged for other currencies, even if you are in another country.
And tell me more Blockchain
A decentralised and distributed open source database in a peer-to-peer (P2P) network with no central computers and no centralised data storage, for an accounting of individual transactions, payments, etc., encrypted using cryptographic algorithms. In fact, blockchain is a specific decentralised and distributed transaction ledger or, in other words, it is a decentralised transaction platform within a distributed network infrastructure. Blockchain is a public and fully open register that anyone can access.
Its main advantages:
• The blockchain technology is resistant to cyber-attacks because its security is ensured by cryptography;
• The blockchain technology, based on a cryptographic encrypted structure, does not need any intermediary institution that verifies transaction data or confirms the identity of its participants, thanks to which the costs of its operation are incomparably lower than those of other systems, and the efficiency is very high;
• Due to its distributed and decentralised nature, it is resistant to all kinds of IT system failures;
• The blockchain ledger is open, public, anonymous and not subject to any audits;
• Security;
• Decentralisation;
• Openness;
• Transparency;
• Anonymity;
• Independence;
• Authentication.