Imagine a world where you can only buy, sell, or trade money or gold through digital transactions. A new system, which is a progression of the current fiat and financial systems. The reality is shared by everyone from a billionaire in Dubai to a mother in San Francisco, and it can be experienced by the most financially literate or illiterate in many regions of the world. On the internet, the magic happens.
As the ten-year anniversary of Bitcoin market adoption approaches, the question remains: how can we make cryptocurrencies safe and legal for billions of people? What are the many types of purchases that can be made? What is the level of security and speed of these transactions? These questions herald a period of enormous change, a period of great opportunity for learning, business, and social impact.
To begin, a broadband or WiFi internet connection is required to access the many products and services available in this business. Next, there are concerns regarding the risks of digitally recording information, particularly when purchasing cryptocurrency on digital exchanges. All passwords should be kept in a secure digital wallet, flash drive, encrypted memo, or even a bank vault.
Are you curious as to why cryptocurrency prices fluctuate and how you can reduce this? Stable coins are one technique to lessen price volatility and uncertainty. This type of cryptocurrency provides a price in relation to one of the world’s major legal tenders, such as the US dollar or Euro, or a precious commodity, such as gold or silver, to digital exchanges. The ability to transfer digital assets without paying large international transaction fees is one of the advantages.
We created our own stablecoin at Counos. Counos Coin is a cryptocurrency that is built on the Litecoin source code and has its own network. It employs SCRYPT algorithm, a sort of Blockchain that supports the operational capability of cryptocurrencies, and its encryption method is comparable to that of Litecoin. Although the Counos platform was launched with a fixed-price coin (Counos Cash, Counos E, Counos U, Counos CAD), demand for the coin can be boosted like any other cryptocurrency. Counos coin has a unique feature in that it can be used to purchase gold.
Looking ahead another decade, we can confidently assert that cryptocurrencies are here to stay, and that everything you’ve ever designed, gold or not, can be purchased safely online, knowing that the price of gold and our stable coin is the same for a businessman in Dubai as it is for a mother in San Francisco.
Written by Pooyan Ghamari
Founder of Counos Platform
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