FudxCoin (Sale and Purchase Of Crypto
Currency)
Earlier the world economy used to deal in Paper
currency, but now as the economy is growing its branches in digital currency.
Digital currency is coming into existence recently Digital currency is nothing
, but the currency in digital form ,which one cannot touch or see.
Many company has launched the digital currencies like
Crypto Currency, Ethereum, Binance coin,Tether,Monero. There are many companies
Indian and foreign companies dealing in such types of currencies like Fudxcoin,
BRD, BitMex, Chainalysis, Coinme, Paxful, Republic, spring Labs. These all
companies follow blockchain Technology, IBM, Shipchain, and Steem. In US there
are 37 companies that are following blockchain Technology.
A blockchain Technology is ‘Blockchain technology is
most simply defined as a decentralized, distributed ledger that records the
provenance of a digital asset. By inherent design, the data on a blockchain is
unable to be modified, which makes it a legitimate disruptor for industries
like payments, cybersecurity and healthcare.’
In other words we can say in this type of technology
the company keeps the record of the currency in their database and sale and
purchase of currency is done in electric form. This technology came into
existence in 1991by Stuart Haber and W. Scott Stornetta, two
researchers who wanted to implement a system where document time stamps could
not be tampered with.
Advantages of blockchain technology
· This technology is secured, as the data cannot be changed.
· The data is kept transparent and immutable.
· The Entire history of the transaction can be easily taken out without
any delay, mismanagement and loss of data.
· This technology is cost effective- as no paper work is involved the
technology is cost effective.
· Due to decentralization data cannot be manupulated.
· The transactions done through it are transparent and fair.
Disadvatages of Block Chain
Technology
· The prices of the digital currency varies from day to day.
· Technology cost- Then technology consumes a vast amount of computational power. The power used is equal
to the power consumed annually in Denmark.
· Illegal trading can be easily done through this technology.
· Low transactions can be done per second. Only Seven transaction can be
done per second at a time.
So there are many companies
that deals in Crypto Currencies. One of them is Fudxcoin Company.
Fudxcoin is the Us based company. This company deals in sale and
purchase of Crypto Currency. By its currency one can purchase different types
of goods and pay for food ordered from different restaurants in lieu of cash.
So It is offers as one stop delivery service under it. It is basically a
hospitality industry. It has 50 employees working under it.
· This company issues token ie crypto coins and the customer can then
purchase any product or goods in lieu of crypto coin.
· Accumulated tokens that the company issues can be exchanged for various
goods and services from online company and e stores.
· Customers can buy and sell the cryto currency from various platforms
like CEX and DEX.
In Future The company will be dealing in
· Delivery of Groceries, Food, Medicines and dairy Products.
· Launching Loyalty programmes for its customers like offering them
Threatre tickets, Movie Tickets.
· Will Be doing Hotel Room Booking.
· Air ticketing . -The company will be tying deals with various airlines
and doing air ticket reservations.
· The company will be launching fudx coin
in the market, which will be there soon in International market.
· It will be launching apps like F pay and Fapp Chat.
Comments
Post a Comment