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

Popular posts from this blog

Exscudo: We are ready for stress testing!

1 Introduction Dear users, we are glad to inform you that the time has come: we are ready to run the stress test! The purpose of the stress test is to determine the maximum number of users who can simultaneously work on the exchange 2 Referral program rules in the context of the stress test T he referral program runs in the test environment, so the stress test is conducted here: test.exscudo.com For users stress test we have improved functions of Exscudo beta exchange. All functions of real exchange will be available for you, except tokens deposit/withdrawal. We will automatically deposit tokens to every account to make stress testing easier for you. You have a chance to see how Exscudo exchange will work in nearly future.    The total number of reward tokens for the stress test participants is 100,000 EON. You can earn tokens in a proportion of 40%-20%-40%: you get 40% for invites, 20% — for your own trading and withdrawal operations and 40% for the exchange...

Over $6.2 Mln In Crypto Assets Lost To Fraud, Hacks In Japan Last Year

Over $6.2 mln (662.4 mln yen) of cryptocurrency was lost in 2017 due to fraud and theft, according to statistics released from  Japan’s  National Police Agency (NPA), local news outlet  Nikkei  reports today, March 22. This number does not include the over $500 mln hack of  NEM  from Japanese crypto exchange  Coincheck  in late January. Nikkei writes that 16 virtual currency exchanges and 3 companies with crypto wallets -- not noting any by name -- were the victims of all of the 2017 recorded crypto hacks, according to the NPA. Out of the 149 cases of “unauthorized access” to crypto accounts, in about 80 percent of cases (122 cases) the wallets did not use “two-factor authentication,” only using ID and password, Nikkei reports. The currencies that make up the largest percentage of the hack are  Bitcoin (BTC) (85 BTC lost),  Ripple  (XRP) (55 XRP), with 13 other  altcoins  included as well. By NPA data, the ...