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VIRTUAL GOLD: : A TOOL FOR PEER-TO-PEER EXCHANGE

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A slew of services such as PayPal process international payment and they charge a sizeable fee for every transaction. There are other means of peer-to-peer payments as well, but they aren't free of limitations and restrictions such as minimum transfer limit and locations.

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SECURING LOANS USING VIRTUAL GOLD

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The igoldtrade company offers owners of Virtual Gold crypto assets the opportunity to secure loans without having to sell their cryptocurrency. The Virtual Gold can be used as collateral to secure a fiat loan. Applicants for the loanare subjected to the KYC procedure.

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A TOUR AROUND THE WORLD OF DIGITAL CURRENCY

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Thomas Carper, US-Senator said and I quote, "Virtual currencies have captured the imagination of some, created fear among others, and confuse the hell out of the rest of us." Cryptocurrency emerged as a side product of another invention.

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TRANSACTIONAL PROPERTIES OF A TYPICAL CRYPTOCURRENCY: VIRTUAL GOLD

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Cryptocurrencies are built based on the concept of cryptography. They are neither secured by people nor trust; math secures them. The properties of cryptocurrencies fall into either the transactional properties or the monetary properties. In this article, I would be focusing on the transactional properties of cryptocurrencies.

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BLOCKCHAIN: THE BACKBONE OF CRYPTOCURRENCIES

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Blockchainwas originally devised for the first digital currency Bitcoin,but presently, the tech community is finding other potential uses for the technology. Blockchain allows digital information to be transmitted,but it ensures that the information cannot be copied thus created the backbone for a new form of internet.

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