The effort to define cryptocurrency has to consider that the world is being globalized with Monetary instruments. These instruments are called cryptocurrency; and include Bitcoin in addition to the thousands of cryptocurrencies now available. Here are some key details and support tools to help you to understand how and what they are. And more importantly what they mean to you.
First, Lets break down the basics of what Bitcoin represents:
Bitcoin is the world’s first form of decentralized money.
- It is a store of value that is censorship-resistant, and
- It is immutable against manipulation by central entities, authorities and governments. Consequently, there is no one entity, person or control point with unequal “authority”. Consensus verified, and without anyone controlling it.
Because of the decentralized structure and peer-to-peer protocol of Bitcoin; the Bitcoin network is consequently able to operate as its own economy, and without intermediaries or third-party service providers.
First, with the fast pace of the blockchain technologies comes risk and reward. With everything good there is always the bad. To protect the consumers from this, regulations are therefore taking place across the globe. And note that OMINEX is the leader in making this happen. Therefore, they are the ones to watch.
Define Cryptocurrency – How to Protect and Operate within Global Compliance and Legality:
The leader in this is a company called OMINEX. OMINEX is backed by the engineering and solutions of regulatory guidelines in the IPO and Crowd Funding Space. In 2017 they took their knowledge and understandings of regulations to the blockchain and ICO space. As a result, heir role in the new future is offering Compliant Token Solutions.
To handle this huge task, OMINEX put together the “Open Compliance Project” to support international regulations. This allows for an ongoing platform and support community to keep up with this infinite space of growth. Because new tokens are coming out daily, there needs to be regulation and compliance done to protect the users and investors. The number of new ICO (coin offerings) is surpassing 20 new Token Solutions offered each day. As a result, they need to be regulated to protect the consumers, and this is where OMINEX comes in.
Solutions offered include:
- Solutions for vetting out and verifying legitimacy of the new coins offered to the World.
- Allowing Users (via the OMINEX WALLET) to participate in new vetted ICO’s easily.
- Easy access to view the top Coins to be able to buy/sell/aquire easily within a single Wallet.
- Paving the way of the Future – so this will be the #1 User Wallet and Solution for accessing and working with Cryptocurrencies.
The things that OMINEX is doing are becoming larger and larger in scale; and they are rolling out new benefits and features to handle the demand that Cryptocurrencies and Blockchain deployment is and will create.