|The Global Digital Currency|
Introduction to Levocoin:
Levocoin is a revolutionary technology that enables a new way to send payments over the internet.
You can think of it as an Open Accounting System where thousands of computers all ove the world work together to track ownership of digital tokens called Levocoins.
When you someone Levocoins the transaction is broadcast to the entire network.
After it is verified, it is recorded in a public ledger called the Blockchain.
The Blockchain contains a record of every Levocoin transaction that has occurred since the system began. And it is shared and maintained in the network. So everyone keeps the books so to speak.
Most currencies are issued by a central authority that controls the money supply.
Levocoin is peer – to – peer system so there is no central authority.
Instead Levocoins are issued to users who help process transactions in the network.
This is also known as Levocoin Mining.
Levocoin miners are specialized computers that do the work required to verify and record transactions in the Blockchain.
As a reward for their work the miners earn Levocoins.
And this is how new Levocoins are released into circulations.
The system is programed so that only 200 million Levocoins will ever exist.
And as the time goes by the mining reward decreases. The result is a predictable supply that is governed by scarcity. Making Levocoin somewhat like a digital gold. It is the currency of internet. And anyone is free to use it.
With Levocoin you can send any amount of money to anyone anywhere in the world as easy as sending email.
Advantages of Levocoin:
Overcoming the deficiencies of bitcoin related to over 50% of computing power are remediated by the usage of delegated proof of stake (dpos). Levocoin is a fully decentralized payment system based on Blockchain technology: open source financial network. Levocoin Blockchain the Proof of work not only provides security and mining to the network, but also generates a special form of Levo number chains of interest to mathematical research. Thus Levocoin network is much efficient, compared to networks like bitcoin. Levocoin is designed to sustain a prosperous market of mining and security of high level, that maintains gold like scarcity property. Levocoin also processes payment transactions much faster than the best available networks.
Levocoins’ Android Mobile wallet for allows you to manage your coins without storing the full-size units of the chain on your Android mobile phone. It helps you to save a free space on your data carrier and allows you to take your coins wherever you go.
Levocoins’ Web version of your wallet
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.