Hello for all of you where you are now, this time I want to explain about a cryptocurrency exchange. The term cryptocurrency is increasingly discussed after the rise of various types of virtual money such as Bitcoin began to be in great demand as an investment because of its fluctuating value. This article will review the basic concepts of cryptocurrency, how the system in it works, the facts related to the system, and what they are trying to offer as a disruption in the financial business order.
So what distinguishes the currency that is currently commonly used, such as the Rupiah, which has also been widely used for digital transactions? Cryptocurrency has a decentralized nature, while the transaction model that has often been used in society is centralized.
The following is an explanation of the differences in the two traits in a case study.
The centralized nature is exemplified in the transaction model that has been used frequently by the community. For example, in this case, the example of parents who want to send money to their children abroad is to use banking services (ATM, Mobile Banking, or come directly to the relevant bank) and then transfer some money to the account number of the child. The transaction is basically carried out through bank intermediaries and trusted services.
Whereas the decentralized nature means that no one is the mediator or the specific party becomes the intermediary. Transactions are conducted peer-to-peer from the sender to the recipient. All transactions are recorded on computers on the network, throughout the world, or called miners (miners who help secure and record transactions on the network). Miners themselves will get a commission with virtual money used, but not everyone can become a miner, because special skills are needed with complex computational processing to solve cryptography used. This is one reason why cryptocurrency miners generally use high-specs and special computers.
I introduce a platform that can help with an exchange of cryptocurrency, this is the OOOBTC platform
About OOOBTC
OOOBTC is the exchange that operates the largest digital asset exchange volume in the world, which can take the opportunity to benefit fully from leading technology quickly and you will build the largest digital asset market ever.
We have taken careful steps such as cold storage systems, 2-factor authentication, and encryption technology to encrypt your personal account information, which allows you to ensure the protection of your funds.
That's an explanation from me about the OOOBTC Platform and you can watch the video below:
For more information about OOOBTC please see the LINK below:
Website : https://www.ooobtc.com/
Whitepaper : https://www.ooobtc.com/assets/whitepaper/obx.pdf?fbclid=IwAR0Hhy_8AZN29WsU0axHRpoNcpm0LRzyeIFhARHzg43zuaXpar9oium9F_k
Telegram : https://t.me/ooobtcExchangeNews
AUTHOR: KUSUMA253
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