Cowrium is one of the many cryptocurrency projects you can find on the internet. Offering immense benefits and interesting promises, this particular project is worth to try. The blockchain and smart contract inside the ecosystem are driven by Cowrie, the native digital money in it. With the main objective to help small and medium enterprises to adopt and comprehend the blockchain solution, this is further information about the cowrie coin you should know.
What is Cowrium
Let's start with understanding the project. First, worth noting that Cowrium is one of many blockchain projects that being developed. What makes it stand out is the main objective which to help SMEs (Small and Medium Enterprise) to adopt and use the blockchain solution for their business. With this idea, the business will have better chances to reach and expand the business to thousands of customers. How to do it? by using the Cowrie Coin (CWR)
Get To Know About The Cowrie Coin
If you think and look around you, you should know that the use of digital money, online shopping, and online transaction is rising. While the big and online market getting more popular, SMEs should also adopt the chance. They should use cryptocurrencies to follow the shift in market activities. Seeing these problems and needs, Cowrium comes with an innovative idea that allows people to join the platform and use native digital money in it.
The Cowrie Coin (CWR) is the official cryptocurrency in this platform. The digital currency will later effectively replace physical money. As of now, most of the digital currency users are those who are tech-savvy. However, citing the objective of the platform, this particular currency could be used by people in everyday life for performing numerous financial tasks. The aim is to increase the use of blockchain technology through an easy-to-use platform.
The Features Of The Coin
To make it even easier to use, Cowrium has included some interesting features for the CWE. All the features are intended to be suitable for multiple markets and mediums for better access. At this point in development, the cowrie coin is now available in several digital wallets. At the same time, Smart Cowrie Wallets have been launched and available to be used on the Browser as well as dedicated mobile wallet apps for Android and iOS devices.
Other than that, with the big aim and vision, the platform has set the maximum coin volume to 100 billion. You don't need to worry; all the transaction will have eight decimal places which provide space for economic flexibility. There is also micro fast transaction and the ability to transfer between different apps. Which is good for any merchant, business, and user services. Just like the other blockchain project, Cowrium also enables GPU, Web browser, and desktop mobile mining.
The Mining Ability And The Benefits In Cowrium
Most of the time, the blockchain project will appear with the ability of mining. If you are new in this crypto world, it is granted that you are confused. What is mean by mining here, is the activity which refers to the process of adding transactions to the blockchain. Simply said, you will invest in the project by buying coins and create a hash of a block of transactions in it. Later on, the coin will circulate on the blockchain which provides future rewards.
In this case, the platform blockchain combines mobile and in-browser mining. This idea is to create a support system for the CPU and GPU miners. If you think about it, the program will allow the hash rate to be truly decentralized, provide higher protection, and later provide you better profit. A user or participant can choose a suitable method, using a browser or mobile. In case you use apps, the number of smartphone users is a wide potential market and scope.
The Cowrium foundation uses the fixed percentage to improve the adoption of the CWR coin by awarding it to prospect companies and developers. If you are one of them, the awards are given to convince you to develop the project inside the blockchain. With the unique reward-based decentralized mining system, you and all the involved parties will get bigger benefits. For example, you can enjoy and earn a considerable mining commission or reward from it.
Stacking And Masternodes In Cowrium
Ready to invest and run your master node? You should be grateful that Cowrium also introduces the system in its platform. Not that far different from Dash Masternode, it will provide you secure, fast, and anonymity for all the digital transactions and payments. The staking system will enable the Cowrie holder to earn fixed incomes in the form of reward. It will be given to you as an exchange for your contribution in maintaining the security of the network.
As the project still in development, there is a possibility of changes in the current master node system. However, the possible change will always have done to make improvements and implementation. The current system state that the financial collateral is set for 10,000 CWR as a minimum. The reward is 100,000 CWR by the increment of 10,000 CWR. The master node will need one wallet and activated by a controller wallet with a private key safe on your local computer.
The Possible Use Of Cowrium
As the main objective to reach SMEs, you can expect a wide reach of Cowrium or Cowrie coin applications. The initial focus of the platform is to reach several industries, with the vision to expand to other industries in the future. Some applications listed on the Cowrium are for health industries, prediction Market, Saving wallets, insurances and natural disasters, online marketplace, network marketing, and also telecommunication.
At least those are some information regarding the native cryptocurrency inside Cowrium. The idea of making native digital money was to help and ease the SMEs to join the crypto train. With numerous features, mining, staking, and benefits, the project along with the cryptocurrencies have been successfully attracted many people. With the ongoing project and statue, the Cowrium is still and will keep on developing to help to provide financial solutions.
Ann Thread: https://www.cowrium.net/
Website: https://www.cowrium.net/
White Paper: https://www.cowrium.net/cowrium-whitepaper.pdf
Social Media:
https://twitter.com/cowrium/
https://www.facebook.com/cowrium/
https://medium.com/@cowrietoken
https://t.me/cowriumgeneral