A crypto currency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins.
To simplify this, you can send and receive money between people and businesses globally the same as you would with any currency using crypto currency. Crypto currencies are purely digital.
Why Digital Currency
Secure Instant Transactions with Low Fees … Digital (crypto) currency started in 2009 with Bitcoin as a virtual trade token with a special technology utilized to determine the authenticity of a transaction via consensus on a secure global network. This was being done successfully without two otherwise necessary entities – banks and government.
Crypto currencies are minted (mined) and authenticated by a secure public network which is designed so that no individual or group has more access to transaction data than another. All of this is done with almost zero cost in comparison to otherwise massive fees through the current institutions and systems.
Mining the Capricoin
Mining is the process of adding transaction records to Capricoin’s public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Capricoin nodes use the block chain to distinguish legitimate Capricoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Capricoin nodes each time they receive a block. Capricoin uses the hashcash proof-of-work function.
The primary purpose of mining is to allow Capricoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Capricoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
Capricoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground.
The blockchain is a public ledger of all transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order. The elegance of the Blockchain is that it eliminates the need for a central authority to verify trust and the transfer of value. It transfers power and control from large entities to the many, enabling safe, fast, cheaper transactions despite the fact that we may not know the entities we are dealing with.
The mechanics of the Blockchain are novel and highly disruptive. As people transact in a Blockchain ecosystem, a public record of all transactions is automatically created. Computers verify each transaction with sophisticated algorithms to confirm the transfer of value and create a historical ledger of all activity. The computers that form the network that are processing the transactions are located throughout the world and importantly are not owned or controlled by any single entity. The process is real-time, and much more secure than relying on a central authority to verify a transaction.
Check out how the Capricoin Proof of Stake portion of the Blockchain. Capricoin uses both Proof of Stake and Proof of Work in a unique Dual Hybrid architecture structure designed to ensure that the coin distribution is as wide as possible.
Capricoin is the VERY FIRST crypto currency that is used in a MLM Mining platform to be also a fully function Blockchain crypto coin. What that really means is that we are the first to have an external buy support platform.
There are currently 2,500+ crypto currencies but none of them have the same capabilities as Capricoin. *this simply demonstrates the seriousness of the Capricoin & Vizionary team achievements.
Check the current value of a Capricoin :
World Coin Index is a public listing of all the important coins. Here you can see how all of these top coins are trending over various time frames.
Coin Market Cap is another great source of information.
Purchase and Sell Capricoin through these platforms :
Bittrex is one of the largest coin exchanges around. It is fully compliant with US regulations and with a standard trade commission of 0.25% from both the buyer and the seller.
Bleutrade is a highly advanced coin exchanges with BTC and USD pairing with Capricoin. The standard trade commission is 0.25% from both the buyer and the seller.