What is Cryptocurrency

Will cyber currency last?

What is Cryptocurrency

What is Cryptocurrency?

You might be asking your self what is cryptocurrency and why are people talking about it.  In essence it is a purely electronic or digital asset like gold, silver, a stock or cold hard cash.

I wish that I had been clued into what a Cryptocurrency is when bitcoin was new, it is really genius because of its encryption and the Mining or Computing Verification of the transaction on to digital record or block chain of the bitcoin.  To answer what is cryptocurrency ask yourself what is a Stock?

We all under stand what money is and that is learned because we have lived with using it all our lives but what is it worth?  Is $1 today worth what it was 20 years ago?  On the same note Apple stock is not worth what it was 10 years ago. 10 years ago you could have bought 1000 bitcoin for less than $1.

In the past years bitcoin has captured the marketplace of Cryptocurrency and is the big boy on the block.  It has answered the question of what cryptocurrency can be.  Today 1. Bitcoin is worth what that counter on this site says it is.  When I found bitcoin it fluctuated daily between $220-$250, see it is bought and sold all over the world on exchanges.  It is also accepted by websites all over the world, there are no limits with its ease of transfer.  Being Decentralized and not controlled by a government it can not be manipulated by financial institutions.

The banks and our governments have had there own Electronic currency for years.  That is why a run on the banks is such a great concern.  There is not enough printed money to represent the money in the checking accounts of the people in the US do you see how you have been living with Digital Currency for years?

Now there are several types of cryptocurrency coins out there and you can even make your own off of the same technology that Bitcoin is designed from.  Microsoft last year sold off any bitcoin they had and created there own coin Etherium, which of course has become one of the bigger cryptocurrency coins out there.

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2 Comments

  1. I hope You like the site and find it informational and start to explore the world of Cryptocurrency.
    Please respect the site and do not advertise in the comments section.
    I would love to hear about your bitcoin experiences and feel free to post about Bitcoin Scams as there are many and being one that was taken I know the frustration.
    Calley Sprague

  2. Yodse ecosystem overview

    Problem Issues

    Monitoring of multi-billion market of industrial products group and rapidly growing e-commerce market has revealed the lack of bridge between an end- customer and a manufacturer, that will enable direct communication between them, promoting loyalty and client- oriented approach.

    Yodse’s main purposes.

    The platform yodse (https://yodse.io/) aims to become the largest Internet ecosystem for the most convenient, rapid and profitable interaction of enterprises in the field of production of industrial product groups in the markets of Russia, CIS, South-East Asia, and later in Europe and the United States. This global, decentralized and transparent B2B / B2C trading platform has all the advantages of blockchain technology and thus provides manufacturers with the most convenient communication with their wholesalers and retail buyers. The scale, high-tech products and convenient user-friendly tools within the ecosystem will allow small and medium-sized businesses to achieve better results and gain practical benefit.

    Challenges that yodse ecosystem solves

    yodse project is aimed at solving a number of problems related to direct, convenient, rapid and profitable “manufacturer-consumer” interaction. The transparent ecosystem yodse focuses on the protection consumers from losses, connected with the lack of guarantees from manufacturers and abundance of poor-quality goods. By establishing communication mechanisms, buyers will be provided with technical support, and manufacturers will receive quality feedback. The platform will reduce the delivery time and enable consumers to purchase goods without intermediaries. Excessive costs of manufacturers for outdated marketing technologies and high fees of goods placement on existing e-commerce platforms will become history. The YODSE system offers its users low fees and creates conditions for easy access of small businesses to e-commerce and international markets.

    Advantages of using ecosystem (platform) yodse for manufacturers

    The yodse electronic platform and its tools allow businesses, operating in the production of industrial product groups to find their retail and wholesale customers and to provide direct sales without intermediaries. The system helps to set up a mechanism for communication with clients, enhance the transparency of transactions, perform transparent management and control in the process of delivery and payments, and expand the customer base, maximize the volume of goods turnover and net profit. In addition, owing to the global system based on the blockchain technology, small and medium-sized businesses will be able to solve the problems of entering new promising markets, as well as significantly improve the competitiveness of manufactured industrial products.
    Advantages of using ecosystem (platform) yodse for consumers

    Yodse project gives huge advantages for users while searching and purchasing industrial products group, motor vehicles, production, road construction, mining and agricultural machinery, material handling equipment, rigging arrangement, turbines, equipment for ventilation and air conditioning, pumps, compressors, bearings and others. Direct prices from manufacturer without intermediaries allow to maximize profit and users feedbacks and quality technical support from manufacturers will enable consumers to learn more about the product and make sure of its quality.

    Use of crypto-currencies and traditional forms of payment within the system.
    Using the platform, consumer can choose from a wide range of necessary industrial products from domestic or foreign manufacturers, for which it will be possible to pay with BTC / ETH / XPR crypto-currencies, yodse tokens as well as national currencies. As the number of users of the platform increase, the number of transactions made in crypto-currencies will increase significantly, however in the countries where the turnover of crypto-currency fall under the restrictive regulation, traditional currencies will be used. With regard to the use of yodse tokens, these elements of the ecosystem, based on the cryptographic algorithm based on Blockchain technology, will help increase user loyalty and give owners the opportunity to perform transparent and conflict-free operations, confirmed by smart contracts, pay for platform services, make token loans, become a member of the referral program and receive revenue from sales. In this case, yodse tokens are not securities, however as the number of users and transactions on the platform grow, the tokens value will increase as well.
    Why this particular direct sales platform will be the most promising and highly- demanded

    yodse global platform is a unique platform and has a number of advantages that distinguish it from other platforms. The most important advantage of this platform is transparency of transactions owing to blockchain technology and possibility to conduct transactions with crypto currencies. In addition, users will receive quality In continuous 24/7 support, available product localization, a transparent feedback system, prices from manufacturers, so that they will be able to derive maximum benefit from the purchase of quality products.

    YODSE ecosystem growth prospects
    Benefits for users from yodse ecosystem scaling.

    Joining of a number of manufacturers of industrial groups of goods to the yodse system will make it possible to conclude a lot of mutually beneficial, multimillion contracts. As the yodse (https://yodse.io/) platform dynamically develops and scales, there will be a gradual increase in the number of offices being opened in many regions in order to provide quality and continuous technical support to users in other countries and maintain the brand. The scaling of ecosystem will enhance the frequency of use of the platform in a number of countries, which will increase the number of users, thereby facilitating the establishment of export-import transactions between countries and, as a result, increase sales volumes of manufacturers. Manufacturers, who sign in earlier than others, will take the advantages of being pioneers in new markets.

    Which countries, markets, continents will cover YODSE ecosystem?

    The expansion of the yodse ecosystem geography is planned to begin in the markets of Eastern Europe and the countries of the Customs Union (Russia, Kazakhstan, Belarus, etc.), which are leaders in the production and procurement of industrial groups of goods. In the future, creators of the platform plan to expand the ecosystem and enter overseas markets, expanding the scope of their activities to the countries of the Asian region, Africa, Latin America. In the mid-term perspective yodse platform plans to cover the market of Europe, USA and Australia.

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