INTRODUCTION
Cryptocurrency has been a technique employed for transaction processes by both young and old. This cryptocurrency is a product of the digitalization of economy which has impacted virtually all economic sectors and strata. This digitalization has impacted all aspect of man existence to an extent where about seventy to eighty percent of the world population cannot do without accessing at least a product in this development on a daily basis. For this advancement of monetary policy, digital currency known as cryptocurrency was launched with bitcoin as the first of all the currencies. Ever since this coin was launched, other coins were as well launched so as to make the crypto investment competitive. To enhance the development of some countries, national crypto was established to be another way of running transactions. In view of this, Ambacoin was created as a national cryptocurrency to further increase the rate of development of the Ambazonian nation.
The advantages of blockchain on the Ambazonian national government cryptocurrency
There are numerous reasons why Ambazonia National government choose a blockchain backed crypto as a major transaction process and some of these reasons includes;
1. High level of transparency
The blockchain is a distributed ledger type in which every network that participates in it uses the same documentation which negates the personal copies procedure. To update this single version that is shared, a consensus is achieved. This implies that everybody must agree on the updating process.
2. Security is enhanced with blockchain
Blockchain is highly secure than other systems of keeping records. In blockchain, all transactions are first agreed upon after which recording is done. After the approval of any transaction, encryption is done on it and as well linked to the last transaction carried out. This fact alone coupled with the fact that all information is securely stored across the network of countless computers makes hackers experience difficulties and even impossibilities to hack or compromise the data is transactions. This implies that it is impossible to hack any Ambacoin so your investment is safe and highly secure.
3. Reduction of cost
It is pertinent for business to have a reduced cost so as be more competitive and a good way to achieve this is to use the blockchain technique. This blockchain technique is suitable because it doesn't require the service of middle man for transaction and record keeping. That is why the Ambazonian National Government adopted this approach to make her coin more competitive enough and even stand out.
Importance of cryptocurrency in changing the landscape of humanitarian
- With cryptocurrency as part of revenue generation source for a country, it will boost the income of the country. As Ambacoin is a National cryptocurrency, all profits and income generate by it goes into the national purse and by so doing generating revenue for the country for the betterment and advancement of the populace.
- It gives international recognition and partnership to the country in question and thereby increase rapid freedom and struggle for independence.
Pros and cons of National government backed cryptocurrencies
- The accounts of clients are held with the central bank; just like a normal bank account. This is extra security for the investor in such cryptocurrency
- The cryptos of countries with national cryptos are regulated by the central bank.
Take a look at this video presentation of Ambacoin
Token Information
NAME: AMBACON
TICKER: AMBA
System: ERC-20 Agreeable
TYPE: UTILITY
Absolute SUPPLY: 1 BILLION AMBA
Value PER 1: $0.25c
Value PER ETH: 1 ETH = 1000 AMBA
Conclusively, be part of the development of Ambazonia and as well increase your earning as you invest in Ambacoin today.
For more information, visit;
website: https://ambacoin.io/
WhitePaper: https://ambacoin.io/whitepaper/
Bitcointalk: https://t.me/ambacoin
Bounty0x username: fumberry