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

DECENTRALIZED FINANCE; WHAT IS IT? – Part 1

      More than t en years gone down the lane, the block chain industry is yet to disappoint with it ever changing nature. Since the early adoption, the industry has since recorded a slow but progressive changes with the latest being the Decentralized Finance also referred to as Defi. What Decentralized Finance? ‘’DeFi is essentially just conventional financial tools built on a blockchain’’-blocknomi. These were previously built on the Ethereum network, but there is a growing number of players in this space such as Waves and Cosmos. ‘’ They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services’’ Example of a growing number of Defi Dapps on the waves platform is the Neutrino token - https://beta.neutrino.at/neutrino/usd-n ...
Post a Comment
Read more

Petro – The First National Cryptocurrency

World governments are slowly realizing that cryptocurrencies have come to stay. They are being discussed in   G20 meetings , the United States has been taking every necessary measure in order to regulate and tax cryptocurrencies and, late last year, we even saw the   first regulated ICO   in Canada. It seems progression is being made towards adoption and there are already plans to create the first ever national cryptocurrency. Dubai, the largest and most wealthy city in the United Arab Emirates (UAE), has   plans for issuing emCash , a cryptocurrency that would have become the first ever to be backed by a state or government. However, it seems they were beaten by the punch… El Petro Venezuela will become the first country to have its own national cryptocurrency, the Petro (PTR). The project is backed the president Nicolas Maduro and, according to the   whitepaper , the original idea came from the previous president, Hugo Chavez. He wanted a “strong cur...
Post a Comment
Read more