What is the ERC20 Token Standard?

Cryptocoins: The Revolution In Digital Payment Industry

In the cryptocurrencies there is no third party involved and thus no (or less) fees of the transaction.

With such an advancing technologies and always increasing digitization, cryptocurrencies have now become a common topic of discussion when it comes to e-commerce market. Though no one needs an introduction on the term cryptocurrencies, it won’t hurt anyone for us to give a little introduction of the term and why and how it is used.

Basically, cryptocurrencies can be considered as a replacement of currency or digital cash in terms of tokens which hold some value. The distribution or transaction of these tokens then takes place in a decentralized manner or we can say in a peer-to-peer network. So we can safely conclude that cryptocurrencies are virtual cash which makes payment and transaction processes quite easy, handy, risk-free and less-complicated.

For the last few years, cryptocurrency has gained new heights of recognition. You might also have heard of the term Ether, AMAZING COIN etc. Well, these are nothing but cryptocurrencies. The exchange of these cryptocurrencies is managed by complex encryptions and the technique is known as cryptography.

So let’s look into a little history of cryptocurrencies. The realization of the concept of cryptocurrency first took place in 2009 with the introduction of Bitcoin (first cryptocurrency) in the market. This virtual currency attracted a lot of mass related to investment and eCommerce industry and not very soon people started adopting and trusting it more than digital cash. People who were scared at first by the concept now started using it more than the usual online banking methods because of the high security and safety it provides regarding your personal details and information.

Currently, there are many types of cryptocurrency which hold different values in the market against dollars and there are many convenient ways of exchange and transaction present which make the process convenient, fast, reliable and easy.

Benefits of using Cryptocurrency

A few immediate benefits of cryptocurrencies can be enlisted as follows -

• They are easy to use as they are stored on your website and thus immediate transactions or payments for almost anything can be made anywhere, anytime.
• Since the exchange or payment system of cryptocurrencies is a decentralized one, the payments are made directly between the retailer and customer which are quite fast and easy
• The decentralized system of payment is also beneficial when it comes to anonymity and safety. The source remains anonymous and thus, untraceable. Therefore, you’re the value you are transferring cannot be traced and your money is safe.
• You are your own bank and keep your assets with yourself.
• With many payment methods often there is a third party involved which costs you high transaction fees. Such is not the case with cryptocurrencies. There is no third party involved and thus no (or less) fees of the transaction.

Benefits of the AMAZING COIN

One of the many payment methods present over the web is AMAZING COIN. AMAZING COIN is a block-chain based platform for secured and fast payment gateway solutions. AMAZING COIN is the solution to all the shortcoming presented by regular payment gateways like international transaction rates, slow processing time, risky payments, etc.

AMAZING COIN provides you with all the features you need like,

• Instant payment and less transaction processing time.
• Secured transaction.
• No exploitation of personal information and data.
• No third party involved and hence no extra transaction charges.
• Facility of instant payment through mobile or web wallet.
• Peer to peer transaction and mobile payment.
• Instant Borderless payments
• AMAZING micro payments lets you send low price payments instantly anywhere in the world
• Confirmed transactions within 15 seconds on AMAZING Payment system

Conclusion

As the world is becoming unsafe economically you need stable methods of money transfer and exchange which assure you that your personal details and information are not being compromised. Cryptocurrencies are now exchanged over a wide range of network and between wide numbers of people. The time is not far when cryptocurrency will soon take over digital cash totally, thus bringing a revolution in the world of digital currencies and eCommerce industry.