WOOSHCOIN: THE WORKING CRYPTO
In the crypto world, cryptocurrencies are the means of carrying out peer-to-peer transactions on the blockchain without a centralized financial institution or third-party. The blockchain technology is quite popular for decentralization (that is giving the power to the users who adopts this method). According to coinmarketcap, there’s close to one thousand seven hundred virtual currencies listed on the website alone although there are more than that in actual reality.
Each digital currency is attached to a project particularly disrupting the traditional industries or niches. Some of the traditional industries affected include health, agriculture, finance and banking, mortgage, real estate, insurance and trading of financial assets such as in forex and crypto. It is therefore needed that such blockchain backed project undergo the Initial Coin Offering (ICO) process. The ICO stage is just a means of sourcing funds from peers around the globe to support a project. The ICO is very similar to the traditional Initial Public Offering that is done by conventional industries.
This article was put together for potential investors and people interested in emerging cryptocurrencies with potential. Note that, the information contain in this article should be taken as financial advice. The centre of this article is on WooshCoin project.
Just duplicating another project isn’t the best as the 21st century is known for the various innovation. Bitcoin came and revolutionize our perception of money. Ethereum added scalability to the blockchain in totally and as a result, hundreds of token are being created. The same is true with WooshCoin project with increased efficiency for both information storage and transaction processing which is 26 seconds for WooshCoin users and 42 minutes for bitcoin.
WooshCoin is a cryptocurrency that has a value based on the current market used on the WooshCoin platform. In other words, WooshCoin is an entirely decentralized open source worldwide currency, without any central authority. As with any other crypto coins, all transactions are anonymous, transparent as it is being recorded on the blockchain, and peer-to-peer without any third party financial institutions.
WooshCoin is based on the Ethereum Blockchain, therefore, it is an ether sub-currency, therefore, the smart contracts are verified on Etherscan, the leading Block Explorer for the Ethereum blockchain. A Block Explorer is basically a search engine that allows users to easily lookup, confirm and validate transactions that have taken place on the Ethereum Blockchain.
The advantages WooshCoin projects presents to its adopter includes anonymity of identity on the blockchain network, data security and privacy for its users, increased efficiency of transaction processing, managing many cryptocurrencies particularly ERC-20 tokens all in one wallet. All these would increase the global adoption of the coin which will result in increasing the WooshCoin value which a huge success for the project in total.
WooshCoin and its blockchain will be the underlying foundation of many enterprise-level products and services. Allowing the active spending of WooshCoin on services, which will continue to drive up the value of WooshCoins being held by users.
The future projects supported by the WooshCoin includes a WooshCoin Blockchain to significantly reduce the transaction cost and time. Woosh Wallet which would support only WooshCoin and other ERC-20 tokens for storing, sending and receiving with top-notch security. WooshX is the decentralized cryptocurrencies exchange website for trading cryptos. The decentralized application to support all these projects with a good user interface (UI) and user experience (UX).
The WooshCoin’s new revolutionary operating structure is safer and much easier to use than any other current cryptocurrency. Join the official telegram group for more information as touching the crowdsale and airdrop