Is Cryptocurrency the Alternative Currency

Cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.

  • Fundings - ICOs
  • An Initial Coin Offering (ICO) is an unregulated means by which funds are raised for a new cryptocurrency venture. An ICO is used by startups to bypass rigorous and regulated capital-raising processes required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, often Bitcoin or Ethereum.

    A list of Bit Coin Companies

    Cryptocurrency is now used for payment in many different Industries, Now the newest Inustry will provide payment solutions to the legal cannabis and hemp industries. Net Savings Link, Inc. (USOTC: NSAV), announced the Company will commence a private pre-ICO sale for its MJCoin Digital Currency on December 1, 2017. MJCoin will provide payment solutions to the legal cannabis and hemp industries and will be backed by the strength of the cannabis and hemp industries, The Company's ultra-secure digital cryptocurrency will be minted on Ethereum Blockchain.

    MJCoin Digital Currency will be huge for the legal cannabis and hemp industries, for Financial Institutions still are not wanting to accept Currency from legal cannabis and hemp markets. Look for the MJCoin Digital Currency to take off and will be supported by cannabis and hemp industries.

    Picure of possible MJ Coin

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