Cryptocurrency is digital money. This means that there’is NO physical coin or bill. And,it all happens online. You can also transfer forms of cryptocurrency to someone online without using a go-between like a bank. Bitcoin and Etherium are well-known cryptocurrencies. But, new cryptocurrencies continue to be created each and every day.
People may use cryptocurrencies for quick payments. These also then avoid transaction fees. Some might see cryptocurrencies as an investment, This is also hoping that their value goes up. You can buy cryptocurrency with a credit card or get it through a process called “mining.” Cryptocurrency is also stored in a digital wallet either online or by other means. The world is becoming bombarded with Monetary instruments. These have come to be known as Cryptocurrency. The very first was Bitcoin. And, now there are thousands of cryptocurrencies available today. Here are some details and other facts to help you to understand just how and what they may be. More importantly what all this means to you.
Basics of what Bitcoin represents:
Bitcoin was the world’s first form of decentralized money.
- It stores value. Thus it is censorship-resistant.
- It cannot be manipulated by any central entity, authority or government. There is no one entity, person or control point with unequal “authority”. Consensus verified, and without anyone controlling it.
Bitcoin has a decentralized structure as well as peer-to-peer protocol. The Bitcoin network operates as its own economy without any intermediaries or third party service providers.
First, the blockchain technologies come with both risks and rewards. With everything good there is always the bad. To protect the consumer , regulations take place across the globe. Note that OMINEX is the leader in making this happen. They are the ones to watch.
Cryptocurrency – How to Protect and Operate within Compliance and Legality Globally:
The leader in this is a company called OMINEX. OMINEX is backed by engineering and solutions. These have added regulatory guidelines in the IPO(Initial Product Offerring) and Crowd Funding Space. In 2017 they took this knowledge and understanding to the blockchain and ICO (Initial Coin Offerring) space. Their role in this is the new future in 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. This helps to keep up with the infinite space and growth of this market. Because new tokens come out daily, there is a need for regulation and compliance. This protects the users and investors. The number of new ICO ( Initial Coin offerings) is surpassing 20 new Token Solutions offered each day. This has developed a need for regulation and to protect the consumers. This is where OMINEX comes in.
Solutions offered include:
- Solutions for vetting and verifying how legitimate these new coins are to the World Economy.
- Allowing the Users (via the OMINEX WALLET) to participate in newly approved ICO’s easily.
- Easy access to view the top Coins and to be able to buy/sell/acquire easily within a single Wallet.
- 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 with Cryptocurrency is becoming larger and larger in scale. They are rolling out new benefits and features to handle the demand that Cryptocurrencies and Blockchain deployment is and will create.
