Monthly Archives: February 2018

What are Crypto Currencies?

A digital currency relying on the principles of cryptography

The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

I don’t get it, in English please

Let’s look at the first sentence again and break it down word for word:

A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

Peer-to-peer

Peer-to-peer refers to each node on the network being able to connect to any other node and act as both a server and a client sharing updates to the blockchain (public ledger) without the need for a central server.

Decentralized

Decentralized refers to the peer-to-peer architecture of the network. Because each node can act as both a server and a client, there is no need for a central server or centralized authority, thus effectively solving the double spending problem.

Digital currency

Digital currency, among its various names, is electronic money that acts as alternative currency in the digital realm (though offline adoption is increasing as well). Currently, alternative digital currencies are not produced by government-endorsed central banks nor necessarily backed by national currency.

Principles of cryptography

Cryptography relies on public and private keys for security. With cryptocurrencies every transaction has to be signed by a private key for security. Due to the strong security and well understood principles of cryptography, counterfeiting digital currencies is virtually impossible.

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What is Bitcoin?

Bitcoin is a zero trust consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. It was introduced as open-source software by pseudonymous developer Satoshi Nakamoto that uses cryptography to control the creation and transfer of money.

 I don’t get it, in English please

As a start, think of Bitcoin as a currency, like the USD, AUD, HKD, CNY or EUR, only digital. They aren’t printed or regulated by central banks like other currencies are. They are produced by millions of computers solving mathematical problems ensuring only a pre-determined number of coins enter circulation every day. These coins are rewarded to whoever is the first to solve the latest mathematical puzzle.

 Bitcoin solves the double spending problem

Bitcoin has many advantages. One of the biggest innovations is that it solves what is known as the double spending problem. According to the Wiki:

Double-spending is the result of successfully spending some money more than once. Bitcoin protects against double spending by verifying each transaction added to the block chain to ensure that the inputs for the transaction had not previously already been spent.

Other electronic systems prevent double-spending by having a master authoritative source that follows business rules for authorizing each transaction. Bitcoin uses a decentralized system, where a consensus among nodes following the same protocol is substituted for a central authority.

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  • 0.00056826 PeerCoin and 0.00000681 PPC daily
  • 0.00004063 Dash and 0.00000043 DASH daily
  • 0.00025130 Neo and 0.00000264 NEO daily
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If they refer their friends, you also get a percentage. The more you refer, the more you earn. Up to 7 levels deep. Click here for the complete payout structure.

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Free Bitcoins, free Litecoins, free Feathercoins

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You’ve heard about Bitcoin, digital currencies and online wallets, but don’t know what it really is, or how to get started?

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Simply sign-up for free and we will give you free coins every day. There is no catch! As soon as you sign-up
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Refer your friends and receive a percentage of all the coins they receive as well. Every day! Refer to the table below for the complete payout structure.



Bitcoins’ Growth (2009 – 2017)

Exponential growth over the past 8 years and it’s only just beginning


Bitcoin chart

The exchange rate of the Bitcoin has grown from less than $0.0001 to $3000
in less than 8 years and is still going strong. The chart on the left shows the actual
growth since 2009.

  • Don’t miss the opportunity

Other coins (Litecoin, Feathercoin, etc) are showing similar trends. The sooner
you start collecting and saving coins, the more you will have in the future.



Refer your friends and receive more coins every day

Sign-up, refer your friends and earn a percentage of every coin they receive from us. If your friends refer friends
you also earn a percentage of what they receive, and so forth, up to 7 levels deep.
The more direct Level 1 referrals you have, the more you earn every day. There is no limit!


Level Member Supporter Sr. Supporter Associate Sr. Associate Ambassador Sr. Ambassador Advocate Sr. Advocate
Required Level 1 referrals 0 3 5 10 25 100 250 1000 2500
1st 7.5% 9% 10.5% 12% 13.5% 15% 16.5% 18% 19.5%
2nd 5% 6% 7% 8% 9% 10% 11% 12% 13%
3rd 3% 3.5% 4% 4.5% 5% 5.5% 6% 6.5% 7%
4th 1.5% 1.7% 2% 2.2% 2.5% 2.7% 3% 3.2% 3.5%
5th Unlockable
6th Unlockable
7th Unlockable

Daily bonus (all coins)

Your designation depends on your number of Level 1 Referrals. The more you have
the higher your daily bonus will be.

Designation Req. L1 Referrals Daily Bonus
Member 0
Supporter 3 +5%
Sr. Supporter 5 +10%
Associate 10 +15%
Sr. Associate 25 +20%
Ambassador 100 +25%
Sr. Ambassador 250 +30%
Advocate 1000 +35%
Sr. Advocate 2500 +40%

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