Frequently Asked Questions - Section to know and learn the basics of Cryptocurrency and Crypto Trading.
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As of now we are accepting Payments in BTC only. We may come back soon with our Payment gateway and online payment system. There are online merchants from where you can buy BTC using credit cards/Bank account.
Cryptocurrency is a digital form of money that can be used just like any other type of money you control. However, this money exists solely on a node (hardware wallet that can be stored on your phone or computer). To store a currency you can download its wallet application onto your device, or keep the coin in an online wallet for quicker and more convenient access.
Bitcoin is a popular digital currency, created and stored electronically. It’s not centrally controlled, nor are bitcoins printed; instead, bitcoins are made by people and businesses through software that solves mathematical problems.
Bitcoins belong to a growing category of digital money called cryptocurrency.
One of Bitcoin’s most distinguishing characteristics is that it’s completely decentralized. This means that its network is not controlled by any one institution. This makes a lot of people feel secure because it means that a large bank or institution won’t be able to control their money.
The blockchain, is a huge, shared public ledger where the entire Bitcoin network is situated. All verified transactions are added to the Blockchain, where everyone can see information pertaining to Bitcoin wallets and verify their balances.
Staking is the reward you receive for supporting the network by holding coins and running a node. If you have coins in a wallet that is a POS coin your supply of coins will grow as long as you are holding the coins. Staking is also related to time. You are paid an amount based on an amount of time that has elapsed.
Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e. the stake)
Proof-of-work(PoW) is a type of algorithm which requires proof that work of some kind occurred. In PoW miners are required to do this work before any of their blocks is accepted by others.
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