BIXTRIM
Fiat money - This refers to the currencies, which have minimal or no intrinsic value as they are not backed by commodities such as gold or silver. However, fiat money such as paper bills and coins, is established as a legal tender by government regulations.
Cryptocurrency - This is a digital asset designed to work as a medium of exchange, which uses cryptography to secure its transactions, control the creation of additional units and verify the transfer of assets. Most cryptocurrencies protect the authenticity of all transactions through advanced cryptography, maintaining the transaction information engaged in among all users. Each new transaction requires consensus, so transaction histories and account balances cannot be faked or altered in any way. Cryptocurrencies provide users with the potential to shift power from the government and corporate institutions to independent parties.
ICO (Initial Coin Offering) - ICO refers to the means of raising various sums of money from a large number of people in exchange for digital assets, usually similar to shares or bonds. ICO is a method of selling participation in an economy, providing investors with access to the features of a particular project at a future date. These pre-created digital assets can be easily sold and traded through cryptocurrency exchanges.
Token - This is a digital asset, which is sold for fiat currency (USD, EUR) or a cryptocurrency of liquid value (Bitcoin, Ethereum, and so on). Tokens are designed to perform a variety of functions. For example, owning a company’s token allows the owner to access the specific services offered by that company.
Mining - This simply means the verification process of a transaction. Mining is also a process whereby new coins are created. Anyone with essential hardware and access to the internet can become a miner and earn money, but the cost of industrial hardware and electricity has limited mining for Bitcoin and certain alternative coins today to large-scale operations.
We believe in a world where everyone has an access to advanced crypto financial services and these services should be accessible by the general public rather than the professional market segment in isolation.
Make cryptocurrencies accessible and usable on a daily basis. Engineer and establish an ecosystem of financial instruments based on the revolutionary benefits of the digital economy.
Blokchain technology gives us infinite possibilities!
The Bixtrim team has an innovative vision of a future with simplified usage of crypto in every day life and we want our customers to be a part of it.
The popularity and quick success of cryptocurrencies has made it crucial for infrastructure and functionality to keep up. That is exactly why we found so many obstacles and issues that needed to be solved. Our team of like-minded people rallied in order to make these revolutionary ideas a reality.
Bitcointalk Username : nhochime
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