This is about cryptocurrency for beginners. Much is written about cryptocurrency, but what is it? If this is a totally foreign word for you, you have come to the right place. We will try to bring some light into this whole new world of money.
Cryptocurrency – the many forms
It seems that the world of currency is quickly being overcome with a new monetary unit. That unit is called cryptocurrency. But which one is real? Which one is best?
It started as Bitcoin but now there are thousands of other forms emerging. We have tried to assemble some key details and support tools to help you understand what is happening. Also, what it means to you. If you are new to this topic you may want to read the information in another page we have here as well
First the basics for cryptocurrency for beginners – what does Bitcoin represents?
Bitcoin was the world’s first form of decentralized money. It is what I call “virtual” money because it has no physical form and it exists only on the Internet.
It has a value that is censorship-resistant. And it is unchangeable by manipulation by central entities, authorities and governments. There is no one person or control point with unequal “authority”. Your account can be maintained and verified without anyone controlling it.
Because of the decentralized structure and peer-to-peer protocol of Bitcoin, the Bitcoin network is able to operate as its own economy. Therefore, it is without intermediaries or third party service providers.
Because of the fast pace of the blockchain technologies, they come with risk and reward. With everything good there is always the bad. For that reason, in order to protect the consumers, regulations are taking place across the globe. And note that OMINEX is the leader in making this happen. They are the ones to watch.
Cryptocurrency – How to Protect and Operate within Compliance and Legality Globally:
The leader in this movement is a company called OMINEX. OMINEX is backed by the engineering and solutions of regulatory guidelines. These guidelines were set forth in the IPO and Crowd Funding Space. In 2017, they took their knowledge and understandings of regulations to the blockchain and ICO space. Therefore, their role in the new future is offering Compliant Token Solutions.
To handle this huge task, OMINEX put together the “Open Compliance Project” to support international regulations. This allows for an ongoing platform and support community to keep up with this rapid pace of growth. Because with all the new tokens are coming out daily, there needs to be regulation and compliance. This needs to be done to protect the users and investors. Amazingly, the number of new ICO (initial coin offerings) is surpassing 20 new Token Solutions offered each day. Therefore, the need for regulation to protect the consumers is crucial. Hence this is what OMINEX provides.
The Solutions they offer includes:
- The vetting and verification of legitimacy of any new coins as they offered to the World.
- This provides new Users (via the OMINEX WALLET) assurance and the ability to participate in new vetted coins.
- Ominex provides easy access for viewing the top Coins and the ability to buy/sell/acquire easily within a single Wallet.
- Furthermore, they are paving the way of the Future. This will be the #1 User Wallet. Therefore, it will be the prime Solution for accessing and working with Cryptocurrencies.
You can see that this thing that OMINEX is doing is becoming larger and larger in scale. And they are rolling out new benefits and features to handle the demand. And these changes for Cryptocurrencies and Blockchain deployment are real and will continue to increase.
Cryptocurrency for Beginners – A Look at the Future
The diagram above is from the University of Central Florida website under the title of “The Future of Cryptocurrency”. The university now has a master’s and doctoral program dedicated to this future. Here is a quote from that paper.
“Right now the cryptocurrency world seems like the wild west to a lot of people,” says Damon Bryant ’04PhD, who was the first graduate of UCF’s doctoral program in industrial and organizational psychology. “There are a lot of misgivings and that’s what I want to help clear up because I firmly believe that very soon digital currency will become as much a part of our lives as the internet.”
Bryant and his colleagues are the creators of a currency called LightPay Coin. You can go to the paper here to read more about this creation, but it should show you that things change quickly and validation is crucial.
We want to emphasize that OMINEX is the source for that validation. We want you to be secure and comfortable with your investments into this future.
