Hmmmm…. This world is indeed
primarily a product of an idea, every single thing in this planet earth are
derived from an idea and funny enough it seems as if a lot of people are still
lacking behind even upon the fact that ideas are given out for free. You might
be wondering why I am saying this, well do not worry I will definitely clarify
you, just read down. Observing this world, from the beginning of time, one
thing that has never ceased to occur is development, yes development. As a new day emerges, that’s how
things gets modernized and advance, new technologies, solutions to problems,
easier and better way of making things work. Currently almost the whole world is making transaction
and online payment from one geographical area to another easily with the use of
digital currency.
Undoubtedly, there is a possibility that most of you might
still be curious to know what exactly I am driving at more especially as I have
made mention of digital currency since it is not everybody that have full or
even basic knowledge about it. But just believe me as I tell you that reading
this article will clarify you of so many things that you didn’t know and also
things you need to know that you would wish you knew before hand. Just keep
reading.
We all should count our selves very lucky for being part of
this generation (The 21st Century) which is being exposed to new
technology, (The Blockchain Technology/Internet) a technology
where cooperation, individuals billions.
What is Blockchain
A blockchain, initially block chain is a developing
rundown of records, called blocks, which are connected utilizing cryptography.
Each block contains a cryptographic hash of the past block, a timestamp, and
exchange information (for the most part spoke to as a merkle tree root hash).
By plan, a blockchain is impervious to adjustment of
the information. It is "an open, circulated record that can record
exchanges between two gatherings effectively and in an obvious and perpetual
way". For use as a disseminated record, a blockchain is regularly overseen
by a shared system on the whole clinging to a convention for between hub
correspondence and approving new blocks. Once recorded, the information in any
given block can't be modified retroactively without change of every single
ensuing square, which requires accord of the system greater part.
Blockchain was created by Satoshi Nakamoto in 2008 to fill in
as the general population exchange record of the digital currency bitcoin. The
development of the blockchain for bitcoin made it the main advanced money to
take care of the twofold spending issue without the need of a confided in
expert or focal server. The bitcoin configuration has motivated different
applications, and blockchains which are clear by the general population are
broadly utilized by cryptographic forms of money. Private blockchains have been
proposed for business utilize.
Plenty grammar right? Well don’t worry
I will simplify.
Frankly speaking, since the creation of blockchain and the
emerging of cryptocurrency (digital money) e.g bitcoin, things have become so
easy and simple. We all are aware that as long as planet earth is concerned,
everyday in different geographical area in every moment there is always a
transaction going on, whether it is official, personal etc. and in every transaction
one makes, there is always a due procedure or a process by one need to undergo.
Centralization
Centralization
refers to the process in which activities involving planning and
decision-making within an organization are
concentrated to a specific leader or
location. In a centralized organization, the decision-making powers are
retained in the head office, and all other offices receive commands from the
main office. A payment system where a third party is a necessity, one
don’t have full control over his or her money and also its issued by a government
or corporate entity. Two willing parties cannot transact directly with each
other without the need for a trusted third party.
While Decentralization
On the other
hand a absolute payment system that we all need is a decentralized system of
payment. A decentralized system is one which requires multiple
parties to make their own independent decisions". In this system one don’t
need to depend on or place trust on a third party whenever he or she wants to
make transaction with one or two persons.
At the point
when Bitcoin was discharged into the wild in January of 2009, the decentralized
system gradually began changing the manner in which society sees cash and the
whole money related framework by and large. Bitcoin began with only a couple of
adopters, as Hal Finney who got 10 BTC finishing the plain first bitcoin
exchange. Presently the convention is utilized by a large number of individuals
from each edge of the world, giving people a superior method to bank, while
likewise moving their assets without consent from supposed rulers.
Indeed,
bitcoin is viewed as the 'general population's cash' in light of the fact that
the decentralized digital money has no rulers and gives people the sovereign
opportunity to do whatever they need with their cash.
Just like
bitcoin, Bitcoin One bolsters
decentralized digital forms of money, an electronic installment framework in
view of cryptographic evidence rather than trust, enabling any two willing
gatherings to execute straightforwardly with each other without the requirement
for a confided in third party.
BitcoinONE
Bitcoin One is a
decentralized currency that serves as a global payment system. Companies,
individuals and business partners can send and receive funds using BitcoinONE digital currency. BitCoinONE is a
community driven project Decentralized meaning no state or company is
controlling it, the
Ecosystem is
based on people helping out in marketing, support & development.
With 3 billion
unbanked individuals in Africa and Asia with no ledger, "essentially in
light of the fact that they are not welcome or rich enough" -
Cryptocurrency can play a noteworthy distinction in their regular day to day
existence. We beleive that cryptographic money is out of neediness and BitcoinONE have a mission to assist these individuals with a general arrangement that
includes BitcoinONE and its own created blockchain.
Remember
when I said that this world is governed by ideas and how a lot of people are
still lacking behind even when the ideas are free? Well BitcoinONE is ideal
solution (idea) which eradicates the problem of centralized system of payment.
And if you don’t know about this, that means you are lacking behind. With
BitcoinONE you can make transactions with multiple persons easily irrespective
of the geographical area with you in total control of your funds.
Development
BitcoinOne
is developing its own blockchain to ensure even faster transactions than those
on the Ethereum network, ensuring almost instant transfer of funds, furthermore
we want to a more secure and stable coin-alternative to Tether, which is planned
to launch this in Q4 2018.
BitcoinOne
is creating ventures with a utilization case that is Wallets and Mobile Crypto
APP. This innovation makes things easier for everyone, you don’t need to worry
about where you are anymore whenever you want to use or make payment with
BitcoinOne. With the mobile App you run everything through as your phone is
always with you. Imagine that moment where there is an emergency situation in
which its solution is immediate transfer of BitcoinOne, you don’t need to run
all the way back to your house, the car or anywhere you keep your PC just to
make that transaction. At your very spot with your mobile phone you can just
solve everything effortlessly.
It doesn't
just stop there, market has being analyed and which call for a global demand
for a crypto marketplace APP. With the APP people can easily buy and sell stuff
with the use of crypto. The Marketplace will support BTCONE, BIP and so many
other crypto coins
Bitcoin ONE
have 10 million tokens in circulation out of 21 million in total. They have
allocated tokens for reserve and development by so doing, the demand and underlying
value of the token will be high base on the fact that there is limited amount
out in the market.
These
actions will make it stable and secure coin to invest in.
10.000.00 in
Circulation
8.900.000
for Development / Operations / Reserve
2.100.000
for Marketing / Bounty
TOKEN DISTRIBUTION
In order for
one to buy or sell any cryptocurrency, it has to be added on an exchange. Well
BitcoinOne is adding on more exchanges where you can buy or sell. When it
comes to cryptocurreny, one of the vital things that is ought to be assuring is
safety. As a way of guaranteeing safety to users, BitcoinOne is propelling
virtual wallets so you can have your BitCoinOne securely stored in your own
wallet on your PC or Mobile Phone.
If you fall
under the categories of those that’s still struggling with bank issues (centralized
system) you don’t have to worry anymore instead you should be happy for being
part of this century with the most amazing innovations, Blockchain Technology
so if you ask me, I will say it’s time for you to migrate to Blockchain
Innovation and take part in its development for I accept and trust in
Blockchain and know the potential and what it can convey to the 3 billion
individuals with no bank account on the planet earth.
Why Blockchain – Bitcoin ONE
Blockchain
is the advanced and decentralized record innovation that records all exchanges
without the requirement for a budgetary middle person like a bank. It seems to
offer five unmistakable focal points over existing installment help organizes
that could make it a go-to innovation for the budgetary administrations industry
(and different ventures) later on.
Transparency
One of the
prime reasons blockchain is interesting to organizations is that this
innovation is quite often open source. That implies different clients or
engineers have the chance to adjust it as they see fit. In any case, what's
most essential about it being open source is that it makes adjusting logged
information inside a blockchain inconceivably troublesome. All things
considered, if there are innumerable eyes on the system, somebody is most
likely going to see that logged information has been adjusted. This makes
blockchain an especially secure innovation.
Lessened exchange costs
As noted,
blockchain enables distributed and business-to-business exchanges to be
finished without the requirement for an outsider, which is regularly a bank.
Since there's no mediator inclusion fixing to blockchain exchanges, it implies
they can really decrease expenses to the client or organizations after some
time.
Faster transaction settlements
With regards
to conventional banks, it's normal for exchanges to take days to totally
settle. This is because of conventions in bank exchanging programming, and the
way that money related establishments are just open amid typical business
hours, five days seven days. You additionally have budgetary organizations
situated in different time zones far and wide, which can postpone handling
times. Nearly, blockchain innovation is working 24 hours per day, seven days
seven days, which means blockchain-based exchanges process extensively more
rapidly. etc.
ROADMAP
In
2018 BitcoinOne is going to lauch an APP which will supoort its installment
arrangement, so everybody can utilize and pay with Bitcoin ONE around the world
as long as they have a cell phone.
Besides
BitcoinONE is propelling virtual wallets so you can have your Bitcoin ONE
securely put away in your wallet on your PC or Mobile Phone.
Bitcoin
ONE is likewise including more trades where you can purchase or offer Bitcoin
ONE
BitcoinONE
sure indeed have a bright future, transforming the lives of billons of people
globally. Primary concern, we needn't bother with banks or governments to
control our cash and chooses its esteem. With cryptographic money; anybody
regardless of on the off chance that they are rich or poor, race or religion
have the monetary opportunity to setup a free wallet with no ID checks and
exchange any add up to any individual on the planet.
Activities
that emerges and help neighborhood network to profit by the New Blockchain Era.
Please do not be left out, I encourage you
to participate in this project.
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