Does the word cryptocurrency confuse you? Intimidate you? Here is what you need to know about cryptocurrency information. Understand right now, the world is becoming globalized with cryptocurrency. From Bitcoin to now the thousands of cryptocurrencies now available. Here are some key details and support tools to help you to understand how and what they are. And more importantly what they mean to you.
First, Lets break down the basics of what Bitcoin represents:
Bitcoin is the world’s first form of decentralized money.
- It is a store of value that is censorship-resistant, and
- Is immutable against manipulation by central entities, authorities and governments. With no one entity, person or control point with unequal “authority”. Consensus verified, and without anyone controlling it.
Because of the decentralized structure and peer-to-peer protocol of Bitcoin; the Bitcoin network is able to operate as its own economy, without intermediaries or third party service providers.
Bitcoin is a Product of Blockchain Innovation
Blockchain development is this intrinsic puzzle of links with unlimited capacity for expansion of our internet capabilities. By design, it offers better security than the internet systems we have had until now. Including speed and traceability. Blockchain has the ability and DOES record every transaction. This tracking alleviates human error inputting data. Being an electronic or digital system, the virtual currency, or cyrptocurrency, is ideal for its use and improves the entire process of a transaction with recorded history. This blockchain system also eliminates the need for a third party middle man in the transactions. Specifically, the need for the banking system.
The fast pace of the blockchain technologies comes risk and reward. With everything good there is always the bad. To protect the consumers from this, regulations are taking place across the globe. And note that OMINEX is the leader in making this happen. They are the ones to watch.
Cryptocurrency – How to Protect and Operate within Compliance and Legality Globally:
The leader in this is a company called OMINEX. OMINEX is backed by the engineering and solutions of regulatory guidelines in the IPO and Crowd Funding Space. In 2017 they took their knowledge and understandings of regulations to the blockchain and ICO space. Their role in the new future is offering Compliant Token Solutions.
To handle this huge task, OMINEX put together the “Open Compliance Project” to support international regulations. This allows for an ongoing platform and support community to keep up with this infinite space of growth. Because new new tokens are coming out daily, there needs to be regulation and compliance done to protect the users and investors. The number of new ICO (coin offerings) is surpassing 20 new Token Solutions offered each day. They need to be regulated to protect the consumers. This is where OMINEX comes in.
Solutions offered include:
-
Solutions for vetting out and verifying legitimacy of the new coins offered to the World. - Allowing the Users (via the OMINEX WALLET) to participate in new vetted ICO’s easily.
- Easy access to view the top Coins and to be able to buy/sell/aquire easily within a single Wallet.
- Paving the way of the Future – this will be the #1 User Wallet and Solution for accessing and
- working with Cryptocurrencies.
The things that OMINEX is doing is becoming larger and larger in scale and they are rolling out new benefits and features to handle the demand that Cryptocurrencies and Blockchain deployment is and will create.
Is Bitcoin Accepted – Legitimately?
Yes, Bitcoin is accepted as a legitimate cyrptocurrency. It has done far better in the Asian and European countries than has done so far in the United States. In fact, speculation is out there if the U.S. doesn’t jump aboard sooner than later, then in the first time in United States history this country could lag behind significantly in the financial industries. Which folks, sooner or later, trickles into other industries — eventually, into our jobs and our pocketbooks!
Japan is the leading example for acceptance of Bitcoin. Major retailers are accepting Bitcoin in the Japanese market and smaller business venues are also transitioning. There are Bitcoin exchange boxes, similar to our accustomed ATM machines. Japan sees the value in saving the resources used for creating today’s paper and coin currency. They appreciate the simplicity of the process structure and are confident with the ultimate security of the Ominex, the Blockchain Leader, and Bitcoin.
Cryptocurrency Influenced Industry
Nevertheless, Cryptocurrency hasn’t overtaken the travel industry…YET! However, mark my words, it is hitting the travel industry faster than your local grocer’s store. Right now, people are “banking” their cryptocurrency, letting it gain value. One industry, over any particular country as a whole, is the travel industry and anything travel related. This is massive! Think airlines reservations, hotel accommodations, food/beverage services, guest ground transportation (taxis, shuttles, busses, Uber and Lyft) and cruise lines. The travel industry is unlimited potential. Meanwhile, think about it, travel country to country on a virtual currency without having to exchange currencies between countries! Are you feeling unsure about this? Look into XcelTrip. This is the reinvented answer for tomorrow’s Expedia.
On the Horizon
There is space and debris we leave behind us in our carbon footprint. It doesn’t matter where, who, what or why, it happens! However, cryptocurrency and other virtual products and services, like Blockchain and Bitcoin, continue to grow and appear. For that reason, technologies are already being sought to solve the problem of electronic pollution. Any day now, the next generation of Bitcoin will roll out. In fact, prepare yourself and get ready for Bitgex.
Start Small with Bitcoin
In reality, very few of us in this world are going to jump in with our life savings invested in a new cryptocurrency. Hardly, in fact, we won’t spend our life savings to invest in a traditional currency adventure. No, we start small and invest as we feel more comfortable. Sure, there are those high-rollers that do that sort of thing. Regardless, us average everyday ordinary folk don’t do that. However, I’ll bet the majority of households have a penny jar somewhere, nickel jar — coin jar. The point is, start is a small way that is manageable without much risk to you.
Two Ways to Start Small:
First, download a bitcoin miner and let the miner do the work for you in gathering bitcoin. It’s that simple! Really, try it! I have a link and more information provided HERE for you to explore further and get started with your own Bitcoin.
Second, eventually, you will have earned enough bitcoin you can use it to build a college savings account for your children. An article is available NOW for you to read and consider your next steps when it comes to Bitcoin. College savings is a way you can set a small amount of Bitcoin aside and check back in years to see how its grown. Of course, you can save for college tuition the traditional ways too — then use the Bitcoin savings for your parental vacation after 18 years! Private island with a private jet and fine wines, here you come!!!
Visit all our categories and pages of Madhatter’s Magnificent Market!
Return to the HOME PAGE to decide which category to shop next!
Response Magic