The financial world can be a confusing place full of exotic terms, unusual forms of digital currency, and endless trading options. The integration of the Internet into our daily lives has allowed the financial world to evolve. In addition to the wide options of banking, payment, and stocks, there are also new digital currencies created. These currencies are characterized by the possibility of maintaining security and the possibility of trading against the dollar and the euro and other major currencies. The most popular digital currency is known as the Bitquin, which has begun to rise steadily and force over the years. At first glance, the currency of the Betquin might seem confusing, but in this article you will find ten facts that will really explain to ordinary people what this currency is.
There is no single entity controlling the currency of the Betquin
The general concept of currency and money is that the bank controls them, and that the rise and market value depend on the global markets, in addition to the possibility of owning them in real terms. But Bitquin defies all this. In fact, it is controlled by everyone who uses it, through the software used to record currency transactions, verify the validity of those who register, and verify the validity of buying and selling activities around the world.
There are a limited number of Pitcuen .
You may think that since Bitquin does not print, it is possible to produce an unlimited number of them. But this is not true, because it will devalue the currency and make it worthless. Instead, there will be exactly 21,000,000 of the only Bitquin.
Bitquin does not have intrinsic value
If you look at the dollar currency sheet, you will see a paper with numbers and pictures stating that this paper is worth $ 100. In fact, this paper has this value because we say it owns it. Bitquin is also just a code that is worth a lot of money because people say they want to trade it in real goods and services. Betquin will get more popularity and more value.
You can see all transactions in this currency
The unique thing about the Betquin coin is that it is completely transparent. Not with personal data, but with transactions and amounts traded. Everyone is able to look at the transaction network, which in turn instills a lot of confidence and security in the Pitcuen community..
You can mine them
The financial world can be a confusing place full of exotic terms, unusual forms of digital currency, and endless trading options. The integration of the Internet into our daily lives has allowed the financial world to evolve. In addition to the wide options of banking, payment, and stocks, there are also new digital currencies created. These currencies are characterized by the possibility of maintaining security and the possibility of trading against the dollar and the euro and other major currencies. The most popular digital currency is known as the Bitquin, which has begun to rise steadily and force over the years. At first glance, the currency of the Betquin might seem confusing, but in this article you will find ten facts that will really explain to ordinary people what this currency is.
There is no single entity controlling the currency of the Betquin
The general concept of currency and money is that the bank controls them, and that the rise and market value depend on the global markets, in addition to the possibility of owning them in real terms. But Bitquin defies all this. In fact, it is controlled by everyone who uses it, through the software used to record currency transactions, verify the validity of those who register, and verify the validity of buying and selling activities around the world.
There are a limited number of Pitcuen .
You may think that since Bitquin does not print, it is possible to produce an unlimited number of them. But this is not true, because it will devalue the currency and make it worthless. Instead, there will be exactly 21,000,000 of the only Bitquin.
Bitquin does not have intrinsic value
If you look at the dollar currency sheet, you will see a paper with numbers and pictures stating that this paper is worth $ 100. In fact, this paper has this value because we say it owns it. Bitquin is also just a code that is worth a lot of money because people say they want to trade it in real goods and services. Betquin will get more popularity and more value.
You can see all transactions in this currency
The unique thing about the Betquin coin is that it is completely transparent. Not with personal data, but with transactions and amounts traded. Everyone is able to look at the transaction network, which in turn instills a lot of confidence and security in the Pitcuen community.
You can mine them
Jibrel 2 300×250
Bitcoin mining actually means using a computer program to solve mathematical problems, so as to validate the various transactions around the world. Betquin also gets a certain number of Betquin against solving those difficult equations.
You can not reverse the transaction or cancel the payment
One of the most integrated features around Bitquin is that you can never recover your money that you have paid. If you send a certain amount of Bitquin, you will not be able to revoke that transaction.
You can send money with almost no fees
If you want to send money to a friend in Thailand and you're in the UK for example, you're likely to have to pay for bank transfer fees, currency conversion fees, and more. In addition, your friend may have to wait for days to receive money. But with Bitquin, the transaction fee is very low and in some cases it is not available, and the transfer takes place within a few minutes.
Pectin is retained in digital wallets
It's like logging in to your online bank account and seeing your balance. You can create a secure digital wallet to keep your content.
The loss of a digital wallet means you lost money forever
Despite the safety of these wallets, losing their keys means that you have lost your homeowners forever.
Possibility to purchase using a Betquin
You use a bitcoin to buy real things, and there are a variety of merchants who accept payment in the currency of the Betquin, whether it is in online stores or in actual stores. And online stores that accept Bitquin as a payment method - " Newegg ", " Overstock ", " Microsoft " and " Dell ". Actual places that accept the Petcouin include jewelry stores, restaurants, hotels and more.
Congratulations @kham! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP