Gone are the days when knowledge of people
regarding currency only revolved around pieces of paper that they held in their
own hands. Today they are simply amazed by the idea of storing value in digital
form in something known as cryptocurrency. This massive shift is the result of
decades of mathematical study, progressive thinking as well as strong attempts
of changing the world’s existing and centrally controlled economic system.
Early experiments with Cryptocurrency
The idea of getting digital currency is not a new one. Prior to
cryptocurrencies, many attempts of creating one have taken place. In fact,
people started toying up with the idea of virtual currency as early as 1980s
when the ideas were translated into experiments around money.
As extension to
popular encryption algorithm RSA, the popular cryptographer from the US namely
David Chaum invented the first form of internet money as DigiCash in
Netherlands but its popularity was only for short span. In the second phase,
startups made payment solutions as well as virtual money systems with little
bit tweak and then PayPal emerged in the scenario. It offered continuous
peer-to-peer transfer mechanism as well as the way of accepting payment for
merchants. Another attempt was e-Gold that accepted gold deposits from the
users and then issues gold credits to their accounts but its popularity too was
short-lived.
Nakamoto’s gift came to the fore
The economic crisis of 2008 in the US became the
barrier in the world economy and it eventually saw the rise of good samaritan
called Satoshi Nakatomoto. In 2009, he published the whitepaper elucidating the
technology, concept as well as source code for implementation of blockchain. He
also introduced the first cryptocurrency called Bitcoin. However the invention
of Nakamoto was only based on foundational technology.
The emergence of cashless and electronic
money based economy
Upon surge in the interest in Bitcoin and also
blockchain since the year 2009, a number of other cryptocurrencies came into
existence. Currently, there are over 850 cryptocurrencies being traded around
the world. Ripple, ZCash, Litecoin are some examples of existing coins.
The total capitalization of cryptocurrencies crossed $100 billion in 2017, a
milestone in the cryptocurrency world.
As an obvious outcome, a new industry of
cryptocurrency trading has emerged worldwide. The blockchain-based applications
surely make use of cryptocurrency by all possible means. To that extent, the
exchange plays the vital role of provider of access to cryptocurrencies, which
the people will use so as to utilize such blockchain-based applications.
How JD Coin Can Make All
the Difference?
Offers Transparency
It is one of the companies in the cryptocurrency
world with all the details available on its website. Be it about the Board of
Directors or any other information or legal documents, everything is
accessible. Utmost transparency is maintained by this company.
Authentic
With the goal to work solely for the investors,
this company develops a work plan to ensure that the investors get maximum ROI
or Return of Investment. Genuineness is what sets it out in the hardcore
competitive world.
Provides ultimate superiority
In order to ensure that all the transactions are
secured, JD
Coin has built a special Anti-Money Laundering program for
the users’ benefits.
In a nutshell, A relatively new cryptocurrency
called JD Coin is competing in the race with Bitcoin for popularity as well as
dominance. Below is a brief comparison between Bitcoin and JD Coin which
highlights why the latter one is to be trusted.
Ownership info++++++++++++++++
While any detail on ownership of Bitcoin is
still not known, everything about JD Coin is accessible on its official
website.
AML (Anti-Money Laundering) Program
As already mentioned, JD Coin has developed an
exclusive Anti-Money Laundering program for the benefits of the users. Bitcoin
is yet to come up with such scheme.
Transaction Volume
While the transaction volume of Bitcoin is 21
million, that of JD Coin is as high as 84 million.
Transaction time
Compared to Bitcoin that mined only one every 10
minutes, one JD Coin is mined just in 1 minute.
Future of Cryptocurrencies
The philosophy of the cryptocurrencies seems to
break down all the barriers especially in context of trading and finance.
Within few years it is assumed that this new age currency may be popular enough
for mainstream adoption of the blockchain based application. It will indeed
herald a new era replacing centralized and government-controlled money with a
decentralized and distributed alternative being controlled by nothing apart
from the market forces
