Cryptocurrency is an internet currency that holds real monetary value but has no physical form. It is all the rage right now. The concept first came into place in 2008 with Bitcoin. It has captured the attention of the world through its insane growth in the market. A bitcoin amounted to $0.0008 at its inception, but at present, one coin amounts to $38K.
With the growth of bitcoin, a lot of cryptocurrencies have entered the market. As per Investopedia, there is more than 4000 cryptocurrency in the world as of now. These currencies have given 20% more return than your average equity investment as per a study on cryptocurrency returns. Anonymous BSC feels it here to stay and boom further.
We had a chat with an official of Anonymous BSC and discussed how crypto is changing the world.
Ease In International Payments
With the rise of the internet, there has been a simultaneous rise in online transactions. Online transactions are moderately quick when done within a geographical border, but the procedure is slow with international payments. Payments done across borders generally take 2-3 days to reflect. Moreover, the sender has to bear the load of the transactional fee and adjust for exchange differences. With cryptocurrency, the rate is the same globally, and the transaction fee is also minimal.
Gives The Holder More Power
Generally, individuals do not store money beyond a certain amount in their house because of safety concerns. Banks store a large portion of the money in the world. However, a bank can also be looted or get involved in corrupt practices. Such a situation can leave the holder cashless. But with a cryptocurrency, they face no such dilemma as the currency has no physical form.
Increased Security
Blockchain mechanism secures cryptocurrency. Blockchain is a pool of databases that is accessible from anywhere in the world. This database is managed and stored over multiple computers, so even if a person ends up altering data in a single system, it would be easily highlighted and fixed. This feature of cryptocurrency gives them an increased level of safety which regular currency doesn’t have.
Although the currency is secured, there is still rampant fraud. Scammers tend to create fake websites and fake coins to loot people of their hard-earned money. Big shot crypto holders tend to engage in malpractices to deviate the price to earn profits off of retail investors.
A group of individuals who were disturbed by these players formed Anonymous BSC. It is striving to stop these investors and is creating a database of scammers. The company’s objective is to make a safe haven for crypto investors. They have started operation in 2021 and so far have exposed two scammers on their social media platform.
Anonymous BSC plans to revolutionize the cryptocurrency world. They have launched a one of its kind token called Anon Coin. The token has a unique mechanism of anti whale and anti-abuse. This feature discourages bigshot players from entering into a high-volume transaction and is beneficial for retail investors.
You can learn more about the company and buy the token through their official website.
