Worldcoin is a second generation open source cryptocurrency that ensures quick, secure and cheap local and international payments. Worldcoin is simple
Worldcoin is a second generation open source cryptocurrency that ensures quick, secure and cheap local and international payments. Worldcoin is simple to use and suitable for every person who wants to transfer money without resorting to the services of financial institutions. The cryptocurrency is fully decentralised, with no central entity in control of it. It enables direct payments for everyday purchases and large money transfers around the globe. Worldcoin is completely free to use and the transaction fees are close to zero. The coin is a convenient way to pay and accept payments which makes it useful for both merchants and consumers.
Worldcoin was created by a team of cryptocurrency enthusiasts and online business specialists. The Worldcoin Global Ltd. is a non-profit organisation that is registered in Singapore but can operate anywhere. The coin is similar to other currencies such as Bitcoin or Litecoin for instance, but has the advantage of being more advanced, business- and user-friendly. It is faster and payments are confirmed in less than a minute. This is due to the fact that the Worldcoin blockchain is better developed to enable a larger number of transactions. Blocks are generated more frequently – every 30 seconds and the network is capable of supporting more coin transfers without changing the software. At the end, customers do not need to wait long even for large international payments and merchants receive their money almost instantly.
Worldcoin is designed to appreciate over time which makes it also very suitable for investments. This is because of the fact that there are only 265 million coins that will ever be generated. Additionally, Worldcoin is also very well secured, its transactions are all stored on a public ledger and the wallet is safely encrypted and requires a private key or password in order to execute a transfer. Worldcoin servers are also well protected from attacks or technical disruptions. The block reward started with 64 coins and gradually decreases with 1% every week. However, with the increasing number of miners, the network becomes even more secure.
Coins can be mined, but also traded on online exchanges for both fiat and cryptocurrencies. Worldcoins are available on exchange markets such as btc38.com, c-cex.com, jubi.com, litebit.eu and cn.bter.com. There is also a Worldcoin faucet that gives people the opportunity to test the cryptocurrency for free by giving away gratis coins. The only thing that users have to do is download the free software from the Worldcoin’s website and install an e-wallet on their device. Worldcoin is a modern cryptocurrency that is suitable for everyone, it is easily accessible and can serves all kinds of transaction purposes.