https://www.rainbowcurrency.com/14041955
published Monday, December 18, 2017 by Shafi Kaluta Abeid
The number of cryptocurrencies is currently over 1,300 and growing. It is expected that there will be significant increase of cryptocurrencies in the coming year 2018.
All cryptocurrencies have one feature in common, they have to be mined. The mining process consumes energy and time hence miners need to be compensated for the energy and time they consume to verify transactions.
As the number of users of cryptocurrencies increase, the demand for mining increases relatively at a greater pace compared to the increase in supply of miners. This results into increasing the mining cost per transaction.
The increase in mining costs makes cryptocurrencies unsuitable for use as medium of exchange especially when exchange of value for small transactions is involved.
It is in the light of the aforesaid that we will have to watch Rainbow Currency emerging in the coming year 2018 as a cryptocurrency of choice as a medium of exchange due to the fact that, thanks to its two-wallet system, it has a private wallet that allows Twinkle Holders to use their Twinkles to buy products and services with 0 transaction fee and 0 waiting time since these transactions are done from one private account (PerNum) to another within Safe Zone open network.
In addition to saving on transaction costs and waiting time, buyers will get a discount of up to 30% when they buy products/services within Safe Zone by using Twinkles.
Other benefits buyers will get within Safe Zone open network include getting passive and active affiliate commissions 5 generations deep when products and services are bought, getting paid free Twinkles for their activities, and getting rewarded with Deal Points for their activities that will enable them to do free shopping within Free Shopping Club located in Safe Zone.
https://www.rainbowcurrency.com/14041955
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Congratulations @kerokrall! You received a personal award!
Click here to view your Board of Honor
Do not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @kerokrall! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit