WHAT IS CRYPTOCURRENCY?
A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.
Put another way, cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency.
SUCCESS OF BITCOIN
Bitcoin launched in 2008, started the mining in 2009 and Bitcoins were on the best (2013) worth more than 12 000 times the start price. Ca 250 000 people own BitCoins after 6 years of mining.
Bitcoin grew to more than 12 000 the start price.
OneCoin was invented in 2014, and the website came online Sept. 2014. Mining started January 20th 2015.
418 000 people owned OneCoins already before 6 months of mining.
OneCoin is with more than 2 000 000 members still at an early growth stage.
Security flaws of the pioneer are eliminated and OneCoin provides you a safe, transparent, and traceable cryptocurrency.
A real life story with Bitcoin will help you better understand the concept of the rising value of cryptocurrency:
If you remember, the Huffington post published in October 2013 the unbelievable story of a Norwegian man, who bought 5000 bitcoins for $26 in 2009 while writing his master thesis and researching Bitcoin. In 2013 he remembered the bitcoins he bought because of the publicity regarding the rocket high value of the bitcoin and checked his investment. The value of his bitcoins raised to $850 000 in the start of 2013, when he made a withdrawal. If he had waited until the end of 2013, he would have withdrawn over $1 Million! This is the incredible story of Kristoffer Koch from Norway. Whether it will be your story, only the future can tell…
With more active users than Bitcoin, a blockchain with more coins than Ripple, and having the fastest growing network in the world; OneCoin preparing to go from among top 3 to become the number 1. Make your own opinion what is reasonable to expect your OneCoins will be worth.
EMERGENCE OF OTHER CRYPTOCURRENCY
Modern electronic payment systems rely on trusted, central third parties to process payments securely. Recent developments have seen the creation of digital currencies like Bitcoin, which combine new currencies with decentralised payment systems. Although the monetary aspects of digital currencies have attracted considerable attention, the distributed ledger underlying their payment systems is a significant innovation. As with money held as bank deposits, most financial assets today exist as purely digital records. This opens up the possibility for distributed ledgers to transform the financial system more generally.
ENTRANT OF ONECOIN AS A MAJOR CRYPTOCURRENCY
Onecoin is a brand NEW cryptocurrency, not another ALT-coin as many thinks!
This means that Onecoin is NOT created using the Bitcoin algorithm with small changes. Onecoin use a custom made solution, which has elements of scrypt and x11.
The algorithm will be open source once all coins are mined, so it’s protected against over mining.
Onecoin as a coin is not out on the market yet, it’s in Pre-mining.
It will be released on all the crypto exchanges sometime around may. When 100 million coins are created.
– This currency is the first cryptocurrency to be fully traceable and no longer anonymous, so all the banks will accept it as a real currency.
Comparing to BTC, that is anonymous but banned in many countries and banks, Onecoin is looking to be the ONE currency that people will use in the future.
– It’s also the first crypto that are backed up with real gold.
– The first crypto to have a MLM business
– Will be 100% mined by it’s members, so profit stays with the members.
– First crypto EVER to hire an auditor who will (with IT experts) audit the blockchain monthly. No other cryptocurrency does this. So the members can know, that the blockchain is real and there are no coins mined outside and no transactions outside.
– Created by developers of bitcoin
OneCoin is growing much more rapid than the Bitcoin did and has a really bright future. It took many years for Bitcoin to be valued over a dollar. It has taken OneCoin less than 1 year to be valued over a dollar. The value of 1 OneCoin is now 1,25 Euro (2015-06-17).
Flash forward to 2015-09-09 and the value is suddenly 1,859 Euro (when you sell it)
But the best part is not just the increased value. The best part is that the value of the packages you buy increases even more in value. The packages are education packages including a number of tokens. The tokens can be put in for mining and end up in OneCoins. Furthermore can the tokens split if the value of the tokens rise to much, wich has happened a couple of times this year.
The reason for rise of price regarding tokens as well as OneCoins is both because of demand and because of increased difficulty in mining. Mining is mainly computer power figuring out solutions to a problem with 2 billion answers. Every answer gives a coin and the more coins found the harder to find solution for the next coin.
In OneCoin 544 700 people has already become members, mostly from China
Have you ever heard of Bitcoin as the share of 10 cents to rise to over $ 1,000?
No! Then I have good news for you.
Yes, Onecoin is “Bitcoin Version 2”, a digital currency.
In recent months, recorded Onecoin over 250,000 new members. More than 120 people received payments of more than 2 million. Euro in the coming months.
That’s right, Onecoin has already more registered members than Bitcoin. And 95% of Germans have never even heard of Onecoin.
This is the opportunity to participate. to be breakfast this is important.
Maybe you missed the opportunities to make wealth when Microsoft, Google, Apple developed in the stock market. Here secretaries have become millionaires because they occurred at the beginning.