What is Cryptocurrency? The world is becoming one with Monetary instruments called cryptocurrency. From Bitcoin to now the thousands of cryptocurrencies now available. But what is cryptocurrency? Here are some key details and support tools to help you to understand how and what they are. And more importantly what they mean to you.
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What Is cryptocurrency? Lets break down the basics:
Bitcoin is the world’s first form of money that is not under the control of one person or country.- It is a store of digital value that is censorship-resistant, it is truly the peoples bank!!!
- Is immutable against control and regulations by central entities, authorities and governments. With no one entity, person or control point with unequal “authority”. Consensus verified, and without anyone controlling it.
Because of the non-central structure and peer-to-peer protocol of Bitcoin; the Bitcoin network is able to operate as inside of its’ own economy, without intermediaries or third party service providers.
First, with the fast pace of blockchain technologies comes high risk and high reward. With everything good there is always a down side. To protect the consumers from this, regulations are happening across the globe. And note that OMINEX is the leader in making this happen. They are the ones to watch.
What is Cryptocurrency? & How to Protect and Operate within Compliance and Legality Globally:
The leader in this is an amazing solution OMINEX. OMINEX is backed by the engineering and solutions of regulatory guidelines in the IPO and Crowd Funding Space. In 2017 they took their knowledge and understandings of regulations to the blockchain and ICO space. Their role in the new future is offering Compliant Token Solutions.
To handle this huge task, OMINEX put together the “Open Compliance Project” to support international regulations. This allows for an ongoing platform and support community to keep up with this infinite space of growth. Because new new tokens are coming out daily, there needs to be regulation and compliance, to protect the users and investors. The number of new ICO (coin offerings) is surpassing 20 new Token Solution offers each day. They need to be regulate this to protect the consumers. This is where OMINEX comes in.
Solutions That Ominex offer include:
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Solutions for vetting out and verifying legitimacy of the new coins that come to offer to the World. -
Allowing the Users (via the OMINEX WALLET) to participate in new vetted ICO’s easily.
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Easy access to view the top Coins and to be able to buy/sell/aquire easily within a single Wallet.
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Paving the way of the Future – this will be the #1 User Wallet and Solution for accessing and working with Cryptocurrencies.
The things that OMINEX is doing is becoming larger and larger in scale and they are rolling out new benefits and features to handle the demand that Cryptocurrencies and Blockchain deployment is and will create.
Want to know more about Blockchain and how it works check out my Blockchain Information Page here
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