Kataryna Kovtun June 15, 2020
We continue to add new coins to trade on the BitXmi crypto exchange. Today we want to inform you about Silver coin listing this Saturday, 20th June.
About Silver Coin
Silver Coin is a coin created specifically to enter the global market, it is created using a decentralized smart contract ethereum. Silver Coin can be used in all sectors to replace cash. Be it privately or in groups, Silver coins are built to improve the public economy technologically, competition with the number of stable coins makes Silver coins one of the coins that are helped to compete with many other stable coins, especially USDT, USDC, and others.
All currencies have variable values, but cryptocurrency is very well known for its unstable prices. The purpose of Silver Coin is to create stable (ACH) coins that are bound (or tethered) to the value of the US dollar. By linking to fiat currencies, ACH will be a port in a storm of constantly fluctuating cryptocurrency values.
Why Silver Coin?
1. Stable Coin.
Silver Coin is a coin whose value is based on the value of physical objects whose prices are stable such as the US dollar. This is a global currency, but it is not tied to a central bank and has low volatility. This allows for practical use using cryptocurrency like paying for goods every day. Coins like Bitcoin and Ethereum and are very volatile. On certain days, usually, an increase of up to 10–20% or even decrease. That makes most cryptocurrency uncomfortable and inefficient for everyday transactions. Imagine paying $ 5 for your flat white today the next day
the price drops to $ 4. Such price changes surprise consumers. The adoption of a stable coin will be a catalyst and a way out to solve this problem.
Silver Coin is a coin that is very clear and accountable for the flow of funds. Each user will control their transactions without having to contact other parties to see the flow of transactions carried out, time, and block that is visible by checking repeatedly.
Silver Coin is a coin that has been neutralized with blockchain, its safety standard as been guaranteed and is recognized by all users of the crypto world.
4. Blockchain technology
Blockchain, initially a blockchain, is developing records, called blocks, which are connected and secured using cryptographic techniques. Each block usually contains cryptographic hashes from the previous block, timestamp, and transaction data. By design, blockchain is resistant to data modification. Blockchain is a publicly distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent manner. For its use as a distributed ledger, blockchain is usually managed by a peer-to-peer network collectively by following certain protocols for communication between nodes and confirming new blocks. Once recorded, data in a block cannot be changed retroactively without changes in the next block, which requires majority network consensus.
ETH Contract Address: 0x8a65ab17324c155fAc3e46aD33e9553d9165a252
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