What is Cryptocurrency?If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.
Cryptocurrencies are digital gold. Sound money that is secure from political influence. Money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity.
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After confirmation, a transaction can‘t be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.
Fast and global
Transaction are propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesn‘t matter if I send Bitcoin to my neighbour or to someone on the other side of the world.
Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.
What are the Cryptocurrencies Services available?At ReadySpace, we are able to provide you with the necessary tools and knowledge to profit from the increasing adoption of cryptocurrencies. The following are some ways that you can earn cryptocurrencies.
MiningCoins are created through solving complex algorithms that create blocks that are added to the public ledger. The public ledger is the history of all transactions conducted through a coin. Basically, miners build the public ledger and allow the whole coin system to function. As they create new blocks, miners are rewarded with new coins. This encourages more miners to get in on the action, which allows the coin community to grow. In the past, people could use their home computers to mine, but over time mining has become more difficult as the algorithms have become more complex. Now, you’ll either have to buy a specially built mining rig. This is where we will provide you with the technical skills and support to build up a rig for your mining.
MasternodeMasternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like you have Bitcoin full nodes and is always up & running. But masternodes are considerably different in their functionality than normal nodes. They are different because they perform several other functions apart from just keeping the full blockchain and relaying blocks/transactions as a full node does in Bitcoin. This method of earning coins is gaining popularity because of its easy setup as well as more environmentally friendly. However, in order to run a masternode, most coins will require you to own minimum amount of coins to do it which might be a road block for most.
Create your own coinInstead of owning and mining existing coins, you can decide to create your own coin and run your own contracts with Ethereum Virtual Machine. EVM in short is a virtual server deployed in the cloud and with it you are able to offer your users a coin to purchase your own products or services. Most alternate coin uses EVM for what’s commonly known as Initial Coin Offering (ICO). ICO is an alternative to IPO or crowdfunding. The coin that you’ve created can be listed on large exchange for traders to trade.
With the tools available from ReadySpace Cloud Services, you are able to quickly run and earn your coins faster.
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