What is Bitquin and this is special for beginners is very important to recognize this currency

in #bitquin7 years ago

Betcuen is an electronic currency that allows you to buy online or at the performance of restaurants and shops that accept payment by Betcuen and the difference between them and the normal currency is that it is not centralized and there is no financial center anywhere in the world controlled or monitored. The idea was to create a currency independent of the influence of central banks, providing flexibility in dealing with very low transaction fees.

What Bitcoin Bitcoin is in detail
The currency of the Betquin is not like the other currencies printed by the central banks, the more they want to cover their national debts, the more they are printed, and the lower their value. In contrast, it is digitally produced by people and anyone who can participate in the production process. Petchemin is produced in a process called minin mining by powerful computers connected to the Internet.

The KFH system allows only 21 million units to be produced around the world, but at the same time the protocol allows the production of hundreds of millions of split units and these small units called Satoshi.
According to KFH algorithms, there are two production plans:
Short-term: The algorithms will allow the production of large numbers of Bitcon from 2009 and production will be gradually reduced each year until about 20 million Petcowins are produced by the end of 2024.
Long term: Production will be very slow to complete the production of 21 million units by the end of the year 2140.
This process is helping PeteChoen to rise against the rest of the currencies with the diaper on its value in accordance with mathematical controls and in this way avoids the financial collapse that occurs to the traditional currency of the central banks.

Conventional currencies are based on gold or silver. In theory, if you have a thousand dollars in the bank, you can recover a bank owner from gold or silver worth 1000 dollars (practically you can not)
Betcuain is based on mathematical calculations and people around the world use programs that follow the mathematical formula for the production of Petequin. This mathematical formula is available free of charge and the program is also open source.

Features of KFH
Peer-to-Peer is a peer-to-peer P2P and no central bank that controls or monitors it. Every machine that mines a home is part of a global network that works together, simply because there is no financial center that can freeze anyone's money. the world.

Get an account in minutes: Traditional banks make you sign on many papers when you open a bank account or make a financial transfer, even if you want to open an account for trade or remittances is another thing where they make you go through bureaucratic steps. For Bituquin you can open your account in a few minutes from your computer, no questions or fees.

Confidentiality: You can own many accounts and portfolios without being connected to your name, address or any information about you.

Transparency: KFH stores any process you have done, even if you have the title of KFUPM. Anyone can know how many houses you have in this address and the number of transactions made with this address. At the same time, you will not know that you are the owner of the address (confidentiality and transparency).

Deprecated graphics: A conventional bank may cost you twenty dollars in an external conversion process.

Speed: You can send and receive your home at the same time and this speed due to the lack of a center watching the transfers

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