What is WorldCoin?
In the simplest terms, Worldcoin is a cryptographically secured digital currency (2nd generation). Similar to its predecessor, Bitcoin , both have crypto currencies on several similar features, although WorldCoin something has been improved, and then became business-friendly. The underlying objective of WorldCoin is the most common cryptocurrency to be, which is popular with both consumers as well as dealers, as they go about their daily transactions, whether they are simple or complex.
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How does WorldCoin ensure this?
It is characterized by safety and speed. With just a few clicks, you can immediately transfer money to all your relatives and friends as the entire transaction takes a maximum of 60 seconds. In addition to being a reliable currency, the principles of the money the currency refers to preserve the wealth and prosperity. In contrast to the paper currency, the cryptocurrency is gradually being upgraded in value. Why? Only 265 million coins are produced. These advantages define WorldCoin as a prevalent choice for the majority of users.
WorldCoin is a universal currency that can be bought or sold through the many online exchanges available, or even purchased from exclusive ATMs. WorldCoin makes global money transfers much easier, as sending and receiving payments is done in seconds and is as easy as sending an e-mail.
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Compared to other payment options available, WorldCoin transaction fees are much lower as they allow for direct transfer of funds between users and do not charge for third-party funds, as is usual with banks. Finally, WorldCoin allows you to determine the amount of information users want to disclose when sending payments. As a result, you can easily avoid the identity theft problems associated with traditional payment methods.
WorldCoin – The underlying concepts
Individual miners generate the WorldCoins. Miners are currently receiving an amount of 50 new coins per block, reduced by 1% per week. With more miners, the transaction network becomes safer.
World Coin is well-suited for higher transaction volumes compared to its counterparts like Bitcoin or Litecoin . Due to recurring (30 sec) block generation, this network is also able to accommodate more transactions without future software modifications. This increases the transaction speed and reduces the waiting time.
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What distinguishes WorldCoin?
With transactions that take 60 or less seconds; With just a few clicks, it is a fast and ideal payment option available to virtually all customers and dealers.
With features such as wallet encryption, application against attack systems such as DDoS attacks, and trust in public transparent ledgers, cryptocurrency transactions are safer than any traditional means of payment.
As a free software development, it offers you the opportunity not only to operate the software, but also to copy and distribute freely as you wish.
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