Thursday, 31 March 2016

What is Crypto Currency and how does work ?





To learn about Crypto Currency  follow me http://www.jobycryptorep.com

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Crypto Currency is just a digital means of exchange its just like normal money but is just in digital form. which is governed by mathematical algorithim's and code



Crypto Currency is not tied to any bank or government and can be sent any where in the world instantly with no fees.



There is only ever a finite number of coins with any currency so it is inflation proof  unlike Fiat money that will devalue over time due to inflation.



So CC can increase in value has no debt and only has a finite number of coins available, so it can no be debassed at all.



There is no way it can be hacked, duplicated  or counterfited as each coin is individual  and its own unique DNA tied to it each coin.



if the the equation was to find 5  then every time you found that number that would then be a match and would create a coin.



1 + 4 = 5 that would be 1 coin

3 + 2 = 5 that would be 1 coin

0 + 5 = 5 that would be 1 coin created



The more coins that are created the harder the sums become to solve and more coins become so that would then drive the value up too .



It is the same as Gold mining first of all there is lots of gold easy to find then the harder it becomes to find the Golsd more rare and valuable it becomes.



There are thousands of Crypto Currencies out there now so what are the best ones ?  to find out come to my blog where i go into more detail.



http://www.jobycryptorep.com



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