Cryptocurrency has grown into a fast rising venture in the world of finance. With hundreds of millions of dollars being spent each year on advertising, it has come to the forefront as a way to transfer money around the world. It allows users to transact through their balances in real time, using their mobile phone as a method of payment. With the potential to reach everyone in the world with a simple switch, it is fast becoming the currency of choice. Learn what makes it valuable below.
What is Ethereum? Launched in 2021, Ethical Currency is a revolutionary open-source, peer-to-peer, decentralized and encrypted protocol that empower people, institutions, groups, and businesses to make decisions that are based on their values, without compromising other individuals or their financial security. It allows users to run distributed Apps (Apps) and create smart contracts with complete privacy, security and scalability.
What is Cryptocurrency? The reason behind the surge in interest in Ethical Currency is because it is the next big thing in decentralized software platforms. Unlike other projects, Ethical Currency does not have a pre-mine, pre-distribute or spend some other currencies to act as a security deposit. It is based on user-driven principles, where the code that runs on the network is the ultimate decider. In terms of functionality, it offers:
How does Ethical Currency work? Like other currencies and cryptosystems, Ethical Currency follows the principle of supply and demand. The supply is of course reserved for the actual tokens, which are created at the beginning of the network and are only available for a set period of time. The number of tokens that are created will be controlled by the miners that control the Ethical Currency network.
When can we expect the launch of Ethical Currency? The launch of Ethical Currency will take place at the second annual conference on decentralized applications and their potential solutions to modern day problems. The schedule is yet to be officially confirmed, but the first conference, held in April, will focus on how decentralized applications can solve real world problems and increase productivity. There are many experts lined up to give presentations, and a blog is scheduled for the second week of July. No exact date has been given yet, but the second week is probably right on target.
What is really exciting about Ethical Currency is that it intends to bring together the best minds from across the diverse field of decentralized finance and developers from around the world. Smart contract developers, business development teams and investors will join together to discuss the future of smart contracts. The main topic of discussion at the event is the scalability of these contracts, and developers are looking for solutions that will allow them to grow and adapt to rapidly changing markets. This is ideal news for anyone who is concerned about the potential lack of long-term sustainability of the traditional financial system. It’s also ideal news for everyone who’s worried that the traditional financial system might be taken over by another technological giant, like Amazon.