SELECTED CRYPTOCURRENCIES AND THEIR UNIQUE PURPOSES

in #cryptocurrency6 years ago

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The major reason for the creation of cryptocurrency is to break the autonomy of the bank and to avoid some unnecessary charges and quick transaction. Infact, Decentralization of currency from the Central Bank authorities is one of the major reason behind the invention of bitcoin in 2009. Ever since then, more than two thousand cryptocurrencies have come to existence to solve one problem or the other many are still coming in the coming years.

Litecoin, Steller and Bitcoincash: As stated above, Litecoin, XLM and BCH are cyptocurrencies created to ease sending and receiving of payment at lower fee and high speed. In the eradication of intermediary fee all these cryptocurrencies make an excellent payment systems for both international and national money transfer.

Monero, Zcash and Pivx: The major reason for creating these cryptocurrencies is to allow users to send and receive funds anonymously. In this case, individuals have the capability to transfer funds without explaining the reason behind the transaction, the sources of the fund and whom the money is being sent to. There won't be any delay in transaction of fund and unnecessary bureaucratic processes.

SureRemit: This is a non-cash remittance blockchain. It allows users to send non cash remittances such as mobile data top-ups or utility bill payment from anywhere in the world to some selected African countries with the aid of RMT tokens.

Steemit: It financially empowers its users by rewarding them for contributing to the platform without taking its users data for sales purpose. Content writers are reward for posting content on the platform rather than doing it for free in other platform.

DACC: Data protection has been a major challenge in the cyber world. Decentralized Accessible Content Chain (DACC) uses blockchain technology to ensure encryption of user's data so as to protect it from unauthorized users. It algorithms protects every content from being copied or stolen and its IAM uses permission maps which allows content owner to deny give access to his/her content, IP or data. DACC merkle roots allows smooth transaction scalability and verification with the use of smart contracts to help define rules for token exchanges and ensure the transactions run perfectly. DACC is created mainly for security purpose. Musics, ebooks, research works and others can be protected with the use of DACC. Get more information about DACC below.

DACC official website
http://dacc.co/
Twitter https://twitter.com/DACCblockchain
Medium: https://medium.com/@daccproject
Telegram: t.me/dacc_official_group_english

Telegram communities
(English) :Global Community
(Chinese): Chinese Community
(Korean): Korean Community
(Russian): Russian Community
(Japanese): Japanese Community
(Vietnam): Vietnamese Community

DACC is listed in the exchanges below.
Ddex
Hibtc
Kucoin
Coinex
Coinred
DCE
Exrates and many more!

DACC also listed in Coinmarketcap
News: Announcement Channel
Blogs:
Medium
Reddit

QOBIT: This cryptocurrency is created to work within the crypto sphere. It will allow users to trade on multiple crptocurrencies exchanges from a mobile device or desktop using single password. It helps to store and exchange cryptocurrencies or tokenized assets in one central wallet. The user subscribe to successful traders' signals where qobit will mimic the trades for users automatically. User subscribe to index fund strategies where QOBIT will mimic &automate the portfolio allocation for users. The last is access to crowdsourced and prevetted important cryptocurrency news and signals.

You can get more information about QOBIT through the following links

https://www.facebook.com/Qobitofficial

https://www.qobit.com/

https://twitter.com/QobitCom

https://medium.com/@Qobit

https://www.reddit.com/r/Qobit

It should be noted however that the first four paragraphs contain cryptocurrencies which have been in existence for a year or above. The second to the last is two and half months old while the last is currently planning its ICO. Therefore, more emphasis are laid on the last two.

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