Global Distributed Digital Currency Based on Blockchain Technology
The origin of business can be traced back to prehistoric times. In the early days it was commodity goods. It was called barter system, but the invention of money changed the way of global business. Since then it has been evolving. The introduction of the Internet has added a very important new dimension to traditional businesses. E-commerce has changed the face of enterprises, whether it is local or global B2B or B2C. Before the development of e-commerce, the success of the transaction depends on the strategic location of the business. Now, it is a global market, even small retailers from small towns or villages, if not global, can provide services nationwide with the help of e-commerce.
The current e-commerce industry is globally dominant in some key companies such as Amazon, Alibaba and eBay. In addition to these giants, there are many small and medium-sized businesses operating their e-commerce sites within their own geographical area. These people, their presence, have catered to customers in the best possible way; however, e-commerce is well-known in many risks. E-commerce companies often spend the same amount of time and resources on risk management issues as they are serving customers. In addition to traditional risks, e-commerce also involves transaction and data risks. Criminals are always looking for ways to evade e-commerce data protection mechanisms and steal stored information. In addition, the possibility of fraud in e-commerce transactions is high because electronic merchants cannot verify the legitimacy of the card or cardholder or transaction because all this information is in the hands of a third party.
In addition, due to frictions associated with credit cards, wire transfers, and banking systems, payment methods provided using domestic currency have expense rates and limited inflows. The payment problem has even made global trading annoying. Once again, a great revolution has taken place. This revolution has the potential to change the cryptocurrency e-commerce process.
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Cryptocurrencies have real world value. They can be used to make daily purchases, pay bills, shop on e-commerce platforms, and even buy a home. They also eliminate the middlemen, the technology behind cryptocurrencies,
Blockchains allow point-to-point transfers of funds through secure and authenticated transactions. In addition, the average return on cryptocurrencies will certainly exceed any traditional investment choices, such as mutual funds.
Many countries began to realize the importance of this section and its increasing acceptance among the masses. Some countries even started to legitimize them. We believe that more countries will follow the same path.
In this context, WTCOIN aims to make safe, stable, and rapid cryptocurrencies more relevant to real-world use and adoption. As a masternode coin WTCOIN does have a competitive advantage in creating additional stable income for masternode operators, it also provides a sense of ownership because masternode operators have voting rights and can participate in decisions.