How does a cryptocurrency wallet BitMarket Network Client work?
Cryptocurrency is a new generation of means of payment, which is a mathematical code and exists only in digital form. The first such developments appeared in 1998, and in 2008, a person under the pseudonym Satoshi Nakamoto suggested the idea of the world’s first crypto currency – Bitcoin. These and other crypto coins can be stored in special wallets, for instance, in BitMarket Network .
Principles of cryptocurrency
The technology of crypto money is based on Blockchain. This is a set of serial codes that allow tracking the operations that occur on the network This information is not confidential, anyone can find it out.
But at the same time, cryptocurrencies are much more anonymous than paper money due to the fact that it is almost impossible to determine the owner of the wallet making the transaction. To use cryptocurrencies, you do not need to provide your name, passport details or other confidential information.
The main purpose of digital money is to be the anonymous medium of payment for purchase of goods and services. Besides, cryptocurrencies very often act as profitable long- or short-term investments due to the volatility of their exchange rate.
Where is the cryptocurrency stored?
To work with secret codes that give access to money, various types of programs and devices have been created. They are called cryptocurrency wallets. There are the main types of them:
- Online. You can log in, send or receive cryptocurrency from any device with access to the Internet. This way of storing digital money is very convenient, but not completely reliable. Nevertheless, it is the easiest and most convenient way of keeping money, so very popular among beginners.
- Desktop (for laptops or computers). This method is safer, because it stores clients’ passwords not on the Internet, but directly on their computer. At the same time, users have access to their savings only at home, which is not convenient.
- Mobile. Only the lightest version of wallets can be supported on smartphones.
- Hardware. Devices resembling a USB flash drive. To manage funds, you will need to connect it to a computer with the Internet.
- Paper. Passwords printed on a sheet in the form of QR codes. It is the most controversial method of storing, because the paper is easily lost, wrinkled and gets dirty, but there is no web access. Such wallets are popular among professionals and long-term investors.
Pros of cryptocurrencies:
- absolute anonymity of users;
- fast and cheap money transfers almost anytime and anywhere;
- transparency of operations, the ability to track all transactions in the blockchain;
- zero inflation, due to the limited release of coins;
- a lot of investment potential.
Despite the convenience and reliability of cryptocurrency wallets, millions of people still do not trust them and consider them as something extremely insecure and fraudulent.
However, those who have doubts should pay attention to the innovative project of the multi-currency wallet – BitMarket Network Client. Despite the fact that it is still in the development stage – in alpha version, crypto business professionals already consider it to be the most promising product on the market. It has the following unique functional characteristics:
- a two-factor authentication system – it protects user accounts from unwanted hacker attacks, brute forces and phishing,
- multicurrency – in addition to bitcoins, the wallet also supports other most common coins – Litecoins, Ethereum, Bitcoin Cash,
- open source – other programmers and even ordinary people may test the security of the program,
- cross-platform – customers have 24/7 access to their savings, because the wallet works anytime and anywhere. Users may use the application in Win / Mac OS X / Linux and in the near future iOS, Android,
- minimum transaction fees,
- constantly updating rate – coins are displayed in fiat,
- limited access of developers to clients’ personal data and passwords,
- comfortable interface – simple and modern at the same time,
If you are a professional IT specialist or not indifferent to BitMarket Network Client, you can join its team. Addresses for contacting the developers are on the site. Become a part of this promising project and go down in history as the developer of the most popular crypto wallet of the 21st century.