What Is Cryptocurrency - PowerPoint PPT Presentation

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What Is Cryptocurrency

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Title: What Is Cryptocurrency


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www.thebitfort.com
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WHAT IS
Cryptocurrency
www.thebitfort.com
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Cryptocurrency
Cryptocurrency is a form of digital money which
is renowned for its secure nature and anonymity.
Like normal currencies, it is a medium of
exchange but designed for the purpose of
exchanging digital data through a process made
possible by cryptography a method of converting
information into an uncrackable code to track
purchases and transfers.
www.thebitfort.com
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How Do Cryptocurrencies Work?
They operate on a public ledger called
blockchain, which is a record of all transactions
held by currency holders. Cryptocurrency is
generated through a process called mining, which
involves using computers to solve complicated
math problems that produce coins. Alternatively,
users can purchase coins from brokers then store
and spend them, with bitcoin wallet being the
most common.
www.thebitfort.com
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Advantages
Access To Everyone There are 2.2 million people
with access to the internet who still do not have
access to traditional exchange systems.
Cryptocurrencies unify all these people under a
common portal. Lower Fees Miners of
cryptocurrency are usually compensated by the
network. While there are no such transaction
charges for using this currency, third-party
services will usually charge a small amount for
using and maintaining their bitcoin wallets.
www.thebitfort.com
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Advantages
Anonymity The biggest advantage of using
cryptocurrency is that you need not offer
personal details like your name while performing
any transaction. Better Security
Cryptocurrencies are digitally encrypted, and
offer the best security among all mediums of
currency.
www.thebitfort.com
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Advantages
Universal Recognition When you travel frequently
you are exposed to exchange rate risk which
means that your transaction is affected by
currency exchange rates. Cryptocurrency like
Bitcoin, have a universally recognized value.
www.thebitfort.com
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About Us
Established in 2016, BITFORT is a Singapore Based
Company dedicated to serve as a Trustworthy and
Convenient Platform for Buying, Selling, Storing
and Transferring Bitcoins. BITFORT aspires to be
an Accountable Partner for Crypto Enthusiasts to
navigate and explore the potentials of this new
booming economy of Bitcoin and Digital
Assets. BITFORT's wallet provides a unique
combination of wallet services to hold Bitcoins
and Exchange facility to Sell BUY BTC with
Local Currencies. Reckoning operative forces in
APAC MENA countries through channel partners,
BITFORT expertizes in application based
Blockchain technologies such as Bitcoin,
Cryptoasset Wallet Exchanges, Trading Platform
and Crytpo Mining Ventures.
www.thebitfort.com
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CONTACT US HERE
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