Cryptocurrency is the next evolution of money

We know that in ancient days, commodities essential to daily living were considered money (e.g. cows and chickens) and traded among micro-economies. Then the modernization of society and urban cities brought the need to track money and value across large territories of land, which resulted in the birth of paper and coin money issued from the ruling governments.

A quarter of a century ago, an invention called the world wide web made it possible for people to buy and sell virtually anything, to anyone around the world using bank-issued credit cards, which are a substitute for paper and coin issued currencies and provide electronic payment. Finally, several years ago, a new form of money that is native to the internet was born - cryptocurrency. Below we explore what this new type of money is, how it works, and how you can get involved.

What is Cryptocurrency ?

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Explanation

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“

His goal was to invent something, many people failed to create before digital cash.

Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Central to the genius of Bitcoin is the block chain it uses to store an online ledger of all the transactions that have ever been conducted using bitcoins, providing a data structure for this ledger that is exposed to a limited threat from hackers and can be copied across all computers running Bitcoin software. Many experts see this block chain as having important uses in technologies, such as online voting and crowdfunding, and major financial institutions such as JP Morgan Chase see potential in cryptocurrencies to lower transaction costs by making payment processing more efficient.

ICO

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.

The New ICO - Be-One

Based on Online Education Platform, Be-one will provide the platform where users can earn money by sharing their knowledge and skills. It will be beneficial for the students as well as for instructors. They will introduce a new cryptocurrency in the market with the name of B1 and it will be listed in all the major exchanges of the world.

Funding Campaign - Crowdsale

Funding Campaign which was earlier announced to be started from 28th Aug 2017 has changed and the new date has been announced which is 7th Sep 2017.

Crowdsale Distribution

Official website of BeOne - https://be-one.co/

Check out BeOne whitepaper at – https://be-### one.co/wp/whitepaper_eng.pdf

BeOne on Twitter –https://twitter.com/beone_co

BeOne of Facebook –https://www.facebook.com/beoneco/

Connect with us on BeOne Telegram Channel –https://t.me/beoneco

Sources = Be-One
Cryptocurrency

Upvote and Resteem, If you like!!!!!!!!!!!