OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market. Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 billion OneCoins that can be found. Once all of them are found, no new coins can be created.
ALL OneCoins will be mined by its user – OneCoin is not a premined currency! Coins are mined, by user joining a mining pool, where with joint resources a complex algorithm/puzzle is being solved. Once a solution is found, the mining pool is awarded a reward – in OneCoins. The more OneCoins are mined and the more user join the mining, the more difficult, time and resource consuming mining becomes. OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space.
A block is a sophisticated algorithm of hashed numbered that represent each mined coin.OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market. Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 bn OneCoins that can be found. Once all of them are found, no new coins can be created.
OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space. A block is a sophisticated algorithm of hashed numbered that represent each mined coin.OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market.
Like all cryptocurrency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 bn OneCoins that can be found. Once all of them are found, no new coins can be created. ALL OneCoins will be mined by its user – OneCoin is not a premined currency! Coins are mined, by user joining a mining pool, where with joint resources a complex algorithm/puzzle is being solved. Once a solution is found, the mining pool is awarded a reward – in OneCoins. The more OneCoins are mined and the more user join the mining, the more difficult, time and resource consuming mining becomes. OneCoin uses a block chain model to verify the amount of coins that have been mined and issued into the market space. A block is a sophisticated algorithm of hashed numbered that represent each mined coin.OneCoin is a new type of cryptocurrency. This currency is born out of the success of it’s peers, Bitcoin and Litecoin. Due to superior technology, innovative approach and usability, OneCoin has the ability to become the next successful cryptocurrency on the market. Like all crypto-currency to come into existence OneCoin has to be MINED. Mining means the creation of new coins by the users. There are only 2.1 billion OneCoins that can be found. Once all of them are found, no new coins can be created.
ALL OneCoins will be mined by its user – OneCoin is not a premined currency! Coins are mined, by user joining a mining pool, where with joint resources a complex algorithm/puzzle is being solved. Once a solution is found, the mining pool is awarded a reward – in OneCoins.
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