Skip to main content

The Onecoin Block Chain


---- The blockchain is a digital technology that records and verifies transactions. The blockchain changes the way many industries operate, including the financial markets. It is a key tool behind innovations, especially cryptocurrencies in general, and OneCoin in particular.
A secure tool that creates cost-efficient business networks, the blockchain's ledger canm track and trace anything of value.
The new OneCoin blockchain is very powerful, being able to process more transactions than credit card providers. It runs every minute, which makes it the choice for merchants because it stores users' KYC documents - setting a new standard in the cryptocurrency industry
Tailored for future-proof mass transactions, the OneCoin blockchain can perform more transactions than global credit card providers.
OneCoin’s blockchain consists of each transaction ever performed in OneCoin. Anonymous transactions are not allowed and the company strictly follows anti-money laundering policies, carrying out KYC procedures in different aspects of its activities.
OneCoin is the first cryptocurrency to store KYC documents on its blockchain.
The blockchain is based on protocols that authenticate, validate and store information in consistent, unbroken sequences that make the system safer by eliminating any attempts of fraud, duplicity and forgery.
Because of its centralized system, the OneCoin blockchain does not resemble a public ledger like the blockchain of decentralized cryptocurrencies. We are proud to be the first cryptocurrency company in the industry that introduced a monthly audit of its blockchain. All OneCoin blockchain audit reports have proved that the OneCoin blockchain is consistent and that the number of mined coins is genuine--Irfan Ullah @ Onecoin

Comments

Post a Comment

Popular posts from this blog

Ripple (XRP) vs Stellar Lumens (XLM)

Considerations when deciding between XRP and Stellar Lumens With strong financial backing and a long list of partners,  Ripple  has attracted plenty of attention not only in the cryptosphere but also across mainstream media. But any analysis of Ripple inevitably draws comparisons with  Stellar Lumens (XLM) , another crypto giant focused on offering fast, reliable and affordable global payments. There are plenty of similarities between Stellar and Ripple, but also a few key differences. Read on to find out how these two cryptocurrencies stack up against one another and decide which project is best placed for success. Disclaimer:  This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. XRP vs XLM: The breakdown XRP (XRP) XRP Stellar Lumens (XLM) Stellar Lumen Description XRP is designed to offer ...
2 comments
Read more

Lumen Inflation

Stellar has a built-in inflation system, where lumens are created and distributed at a rate of 1% each year. Although transaction fees on the Stellar Network are extremely cheap, thousands of them per second do eventually add up. These Lumens from transaction fees are thrown together into an inflation pool. Why have an inflation system? The inflation system is meant to distribute all the transaction fees back to Stellar Lumens holders. It was also put into place to account for lost Lumens (hard drive crashes, theft, etc) How it works Every account has an “inflation destination” feature. All this says is, when new lumens are created through inflation, which account should they go to? You get to be part of this vote! But you cannot vote for yourself unless you have 0.05% of the lumens. Thus, if you join a pool (group of people putting their lumens together) that has .05%, the funds made from inflation can trickle down to you weekly. There are a few pools we will list i...
Post a Comment
Read more