GeekCash: The Potential of Cryptocurrency
- 2018-06-13 07:33 AM
Cryptocurrency is a global phenomenon to almost everyone throughout the globe. It equals to digital currency. Governments, numerous companies and banks know its importance in the business world. For the very few that don’t know about it, let us explore it together.
Cryptocurrency is a digital currency that uses encryption “cryptography” to generate money and to verify transactions.Technically, it is an encrypted, peer to peer virtual currency made up of codes and it is just like any other medium of exchange such as US dollars, British pounds and Euro.
The exchanges in this matter are to make use of encrypted details and exchange of digital tokens in a distributed and decentralized manner. These tokens can be traded at market rates for flat currencies. It is a meticulously and strictly monitored process as it applies the concept of the Blockchain Technology. Cryptography is used to secure the transactions and to control the creation of new coins.
GeekCash is a new digital currency, based on Bitcoin and Dash, that enables anonymous, instant payments to anyone, anywhere in the world. GeekCash uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Exactly, GeekCash is a community governance, cooperation and growth to decentralized economy.
In the future, the GeekCash is used to transfer money and pay in an ecosystem consisting of 6 projects. Some projects have been researched for 4 years. In there, the social network project will be deployed as soon as possible, the remaining secret projects will be gradually opened …
With solid foundations prepared beforehand, GeekCash have ambitious plans for the future.