Cryptocurrency blockchain technology on the rise

There is no better time than now to invest, especially in crypto at ICO like e-dinar which I wrote on, at 1 E-Dinar Coin to $1. Bitcoin presently is over $2000 at market price. The news below can also give a boost to your confidence.

Jordan Danielle of ETH News wrote, “If you want a price analysis of what it means for cryptos to break $100bn, you might do better consulting a crystal ball than a market analyst.”

How should people interpret this milestone? Magic Internet money; that is what insiders call cryptocurrencies. In January 2009, a computer programme called Bitcoin appeared on the Internet and is essentially a machine that prints money. On June 6, 2017, the day that the total cryptocurrency market broke $100bn, the Bitcoin network produced $5.3m in value for verified proofs-of-work on 151 mined blocks. That is roughly $222,560 every hour and $3709 every minute in payouts.

Yet Bitcoin serves no government or institution. It has no agenda. It is only subject to the laws of its own computer code, which controls how its virtual currency is created and regimentally released into the world. Its code controls how users can exchange it and use it. These two simple principles combine to form a quasi-adept monetary policy, in essence making Bitcoin analogous to something like a central bank of the Internet.

The Director, Banking and Payment Systems, Central Bank of Nigeria, Dipo Fatokun, says that the introduction of blockchain technology in the global banking sector is already transforming the retail payment systems across the banks.

Blockchain is the world’s leading software platform for digital assets. Offering the largest production blockchain platform in the world, it uses a new technology to build a radical financial system.

According to the CBN, the transformation involves new guidelines on third party cheque encashment across the counter, a drive for adoption in both traditional and alternative payment channels and the utilisation of convenient platforms that emphasise the use of virtual currencies in doing payment transactions.

“Several things have happened within the last one year, which have impacted on the payments system not just in Nigeria but across the world. A major introduction into the payment mix has been the advent of Blockchain technology, which has promised to disrupt our world of payments,” he said.

According to the President, New York Stock Exchange Group, Thomas Farley, in a statement, NYSE has also announced the launch of a bitcoin price index (NYXBT). NYXBT will represent the daily United States dollar value of one bitcoin and will be published on the NYSE Global Index Feed. For a limited period, it can also be viewed on the NYSE’s website.

The above shows why you need to have a rethink. Here, I present e-dinar cryptocurrency again still at ICO. Make a decision today. Reach me for your investment decision.PUNCH

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