|The Global Digital Currency|
Levocoin changes the manner one sends and receives payment over the internet – as easy as sending an e-mail
The first change was brought about by the introduction of cryptocurrency.
Cryptocurrency a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
Cryptocurrency uses decentralized control as opposed to centralized electronic money or centralized banking systems. The decentralized control is related to the use of cryptocurrency’s blockchain transaction database in the role of a distributed ledger. The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto.
Though Bitcoin became the first decentralized cryptocurrency in 2009, “Levocoin” has been created as alternative to the bitcoin.
“Levocoin” the decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers.
Within Levocoin systems the safety, integrity and balance of ledgers is maintained by the community of mutually distrustful parties referred to as miners: members of the general public using their computers to help validate and timestamp transactions adding them to the ledger in accordance with a particular timestamping scheme.
The security of Levocoin ledgers is based on the assumption that the majority of miners are honestly trying to maintain the ledger, having financial incentive to do so.
Levocoin is designed to gradually decrease production of its cryptocurrency, placing an ultimate cap on the total amount of currency that will ever be in circulation.
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Your Wallet Options
There are a variety of options for wallets available online and some of these are listed in the resources section. It is recommended that Paycoin holders download a local wallet so as to have full control of their funds and control over the security of them as well.
|Linux wallet for allows you to manage your coins without storing the full-size units of the chain on your Linux Based Computer/Desktop.||Levocoins’ electronic wallet is called Windows Wallet for Windows. You can use it by installing Windows on your PC. Levocoins’ Windows Wallet allows you to conduct transactions, send and receive funds across the globe.||Levocoins’ electronic wallet is called Windows Wallet for Windows. You can use it by installing Windows on your PC. Levocoins’ Windows Wallet allows you to conduct transactions, send and receive funds across the globe.|