Cryptocurrency Review: What Is AppleCoin All About?

Cryptocurrency Review: What Is AppleCoin All About?

AppleCoin is one of the many cryptocurrencies that have recently been introduced into the market. This is a crypto coin that has been designed based o

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AppleCoin is one of the many cryptocurrencies that have recently been introduced into the market. This is a crypto coin that has been designed based on the Yacoin Script Jane Client. Advanced technologies have been applied in creating this cryptocurrency. These include the SHA, Black and Skein encryption algorithms. It is by running on the aforementioned algorithms that the APC (as it is referred to as in short) that this crypto stands out from the rest. The makers of this coin aim at being the leading alternative cryptocurrency that many people opt for over the conventional bitcoins and other altcoins.

AppleCoin: The basics

What basic info do you need to have about the AppleCoin? You need to know the name and the short hand many know it by. This is APC. It is a form of electronic currency or cryptocurrency that is created by mathematical computations and miners police its use. They have a money value. With APC one is able to carry out quick transactions with confirmations coming soon after transfers. The coins can be easily mined thanks to the vast mining network available. You will get 5 block confirmations on the sent coins and 100 confirmations on the mined coins. The official website from which the APC is controlled is the http://applecoin.org/ so you need to bookmark this if you will be using this currency often.

How to use it

Basically, the mode of operation of APCs resembles that of Bitcoins. This means that you can control these coins from your wallet stored in your computer, smart phone or in the cloud. You can use the coins to buy goods online, sell them to others and even to keep them and wait till their value increases and then you can sell them. You can also use APCs to purchase bitcoins as you wish. To get Applecoins you can either buy them or mine them. The mining process is quite complicated and depended on the operating system you are using. It is better to avoid being a miner unless you really are good in computer algorithms.

Market value

What about the market value? Earlier on, the value of a single Applecoin was quite high and even rivaled that of the Bitcoin. In 2014 however, there was a crackdown of cryptocurrency in China. This caused the markets value of APC to fall just like all other coins did. The support from outside the Chinese market was low but is catching up slowly. The APC market now is not as low as it used to be but it is still on the low especially in the U.S.

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