Hello Folks,
Okay let me try to run over the description of Blockchain Technology & Cryptocurrency as much as I can. I believe this will provide a basic understanding of cryptocurrency and the blockchain. Cryptocurrency and blockchain work together like twins. Cryptocurrency is the form or item that is exchanged or transacted in a medium of exchange called Blockchain. The item exchanged is mostly in the way of a token or coin. A Blockchain is similar to spread database or a Ledger, a term more commonly used by Accountants and this Blockchain contains increasing list records called "block." Blockchains are designed to be unchangeable, and no one can alter the data once it is recorded. The Blockchain is managed automatically, and data is time stamped into it and distributed through various users. So basically Blockchains are "an open, distributed ledger that can record transactions between two parties efficiently, variably and permanently." Each cryptocurrency has its own Blockchain; this is the registry where all transactions are stored.
On the other hand Cryptocurrencies are created by solving tough cryptographic puzzles; once these puzzles are solved new cryptocurrency is formed. This process is usually known as Mining. The two most famous cryptocurrencies in the world today are Ethereum and the Bitcoin. It is obvious you may have heard about the Bitcoin which has been in existence since 2009. However, Ethereum is more of a new cryptocurrency created in 2014.
Now AFRICUNIA BANK has come to offer a better alternative Crypto currency called AFCASH which is not only a store of value (what mainly Bitcoin is), but a utility currency which you can use to buy bread and butter on a daily basis.
AFCASH Cryptocurrency could potentially be used for purchases in e-Commerrce stores such as eBay, Alibaba, Amazon etc.
Join our ICO today www.africunia.com, buy our Tokens and be part of our Digital Bank shareholders!
AFRICUNIA BANK Project Team!