HiCoin promoters plan to offer a platform for easier online trading. The promoters aimed to turn the HiCoin platform into a place where transactions can be carried out easily. Also, the currency can be used anywhere, whether you are paying credit card bills or shopping at a store, online or in the real world. While digital currencies offer man benefits, its reach is currently limited. Users are less than that of traditional currency. As regulatory concerns ease and the blockchain technology is further explored, it is expected that digital currencies will become more widespread. It is in anticipation of such future that the promoters have created the HiCoin.
System of HiCoin (XHI)
Those who are looking to pay their credit card bills or shop at a high street store can use the HiCoin to make payments. The users can also earn interest by staking the coins. The proof of stake mining thus makes the HiCoin the ideal investment vehicle. The expected ease of use will make the coin widely acceptable, so you can send payments to anyone using the coin. A unique initiative is the linking of the currency to gold. Thus, the value of the currency is expected to remain stable.
Benefits of HiCoin (XHI)
The HiCoin is a currency that offers much value, if you are planning long term investment. Linking to gold makes the currency value stable. Also, staking the currency is expected to bring in more coins. In other words, users can earn up to 5 % interest on the staked coins. The currency is easy to use and has low transaction costs and high transaction speed. The currency is based off a decentralized ledger, with transparency as the focus. Thus transactions are recorded on the ledger, and this makes them reliable and less prone to tampering.
For those who are concerned about the energy use for mining, the proof of stake process ensures that user CPU does not end up using its resources. This makes the mining process energy efficient. Also, users will be relieved to know that the energy efficiency translates to positive benefits for the environment as well. Recently, concerns have been raised over the energy use by cryptocurrencies, which can have a negative impact on the environment. With staking being the mining method, the energy use is minimal for users of HiCoin. This is one advantage the currency holds over other digital currencies. The coins can be minted from your wallet, and you can start staking them after a wait period of 30 days.
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