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About AbotCoin
AbotCoin is a digital asset and a payment system commonly called as decentralized digital currency. It is an open source software which means that there is no person, company or country owns this network just like no one owns the Internet. AbotCoin system is peer-to-peer network by which users can transact directly without an intermediary like a bank, a credit card company or a clearing house.
AbotCoin transactions are verified by network nodes and recorded in a public distributed ledger called as blockchain. Blockchain is a distributed ledger is new way of storing and transferring information. Centralized databases have been employed for many years by financial corporations and other organizations to store customer details and record transactions of one kind or another. These are carefully-guarded and closed systems in which only privileged operators are allowed to make entries.
AbotCoin transactions are verified by network nodes and recorded in a public distributed ledger called as blockchain. Blockchain is a distributed ledger is new way of storing and transferring information. Centralized databases have been employed for many years by financial corporations and other organizations to store customer details and record transactions of one kind or another. These are carefully-guarded and closed systems in which only privileged operators are allowed to make entries.
What do we do?
AbotCoin is a digital currency used to pay for a variety of goods and services. In many ways, it works the same as paper money with some key differences. The currency's primary form is data so you trade it online, peer to peer, using wallet software or an online service. You can obtain AbotCoin either by trading other money, goods, or services with people who have them or through mining in which the mining process involves running software that performs complex mathematical equation. You can use AbotCoin to purchase anything that you like whereas many transactions accept Bitcoin; in that case you can exchange Bitcoin into AbotCoin and make payments and transactions.
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SECURITY TOKENS
If a crypto token derives its value from an external, tradable asset, it is classified as a security token and becomes subject to federal securities regulations. Failure to abide by these regulations could result in costly penalties and could threaten to derail a project. However, if a startup meets all its regulatory obligations, the security token classification creates the potential for a wide variety of applications, the most promising of which is the ability to issue tokens that represent shares of company stock.Many industry observers - Byrne included - believe that mainstream companies will one day issue shares through ICOs, either in place of or in addition to traditional public offerings.
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