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What is an Online Wallet?

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An Online Wallet allows users to centrally store and control their online shopping information and digital currencies.

QoinPro is a multi-currency Online Wallet that aims to promote adoption by giving her users free coins every 24 hours and that allows her users to centrally store and control their digital currencies.

QoinPro allows you to buy, use and accept cryptocurrencies (such as bitcoin). Most wallets are designed for a single cryptocurrency, however QoinPro is designed to be able to handle multiple crypto currencies.

QoinPro’s Online Wallet Advantages

Desktop Wallets run on your Desktop or laptop. Compared to them QoinPro offers the following advantages:

QoinPro supports multiple currencies, Desktop Wallets usually only support one
QoinPro aims to promote adoption by adding free coins to your account every 24 hours
QoinPro allows you to centrally control all your currencies through one interface
QoinPro doesn’t require storage on your PC, Desktop Wallets require you to download the entire blockchain
QoinPro doesn’t have long download times, downloading the blockchain can take several days
QoinPro is safe, you don’t have to worry about upgrading, maintaining or backing up your wallet

What are the Advantages of Bitcoin?

Payment Freedom, Low cost, Instant Transactions, Full transparency and no central authorities

Bitcoin is a zero trust consensus network with many advantages.

Payment Freedom – Instant transactions

With Bitcoin it is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money.

Very low transaction fees

Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.

Fewer risks for merchants

Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.

Security and Control

Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.

Transparent and Neutral

All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.

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.

How PaidVerts Works

PaidVerts pays you to interact with advertisers!

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Earn more with Bonus Ad Points!

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PaidVerts

Large capital investment or overhead

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Personal Affiliate Program Referral Commission

ViralNetworks offers an extensive affiliate program. We offer many different income streams. Apart from the exposure you get from being a trusted member, and the chance to build up a strong reputation amongst thousands of other online business owners, we offer 4 (Four) exciting ways to earn directly from being a member of ViralNetworks:

Personal Referral Commission

Earn up to 50% on upgrades by your referals. If you refer someone who upgrades you will earn up to 50% commissions. We offer a special deal for our gold membership that costs $197 per year. The value of the membership is huge and worth many times more then that which means it converts very well.

If you are a gold member, you will earn $94 per personal referral upgrade! This recures every year. We also offer monthly memberships that pay you every month! As a free member you earn 25% on the yearly upgrades and 20% on monthly upgrades.

If you upgrade to Gold, you will earn 50% on yearly and 35% on monthly upgrades! Watch your recurring income explode simply by sharing your ViralNetworks affiliate link.

Revenue Share

We earn a percentage of all the revenue with the top 100 most active members each month. Included in that 100 is random draw members too. You earn 10% of all credits earned from members in your downline, down as many as 8 levels! This means, every person who you refer, and they refer and so on, down up to 8 levels, you will earn 10% of their credits.

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Adsense

As an upgraded member you can add your Adsense ID (If you use it) to your profile. We share our Site Real Estate with you!

Contests and Promo’s

We often run referral contests where we give away top prizes and cash. We also run promo’s where you earn income for making referrals.

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