Many financial experts have stated that the era of Bitcoin is officially over, and it is now time for other cryptos to shine and come to the forefront. Since the market has witnessed a tumultuous 2017 in terms of the value of big crypto players like Ethereum, Bitcoin fluctuating by over 100% within days, many people have started to question the overall efficacy of such assets.
What’s The Way Moving Forward?
As we speak, the biggest problem that lies with cryptocurrencies is the same that is faced by Gold— which is that they are inherently unstable and thus their value is prone to shift as and when the market demand seems to ebb and fall. Additionally, since gold is a physical asset it is tough to transfer or liquidate.
Alex Koyfman, a respected trader and financial analyst claims that he has sourced an all new cryptocurrency that is able to solve these aforementioned problems. This new virtual currency is similar to other alt-coins in most areas except for the fact that it is backed by solid gold.
As a result of this, the value of this currency is not subject to the fickle moods of the global marketplace, and is instead locked in steadily with the price of physical gold itself. This idea is not new, and the US dollar as well as many other fiat currencies were also backed by gold up until the 1970’s when president Nixon abolished the gold standard.
However, in a modern context, virtual currencies are now looking to shift back to this model so as to bring in a tangible element of certainty and stability within this domain.
More About This Crypto Asset?
While Alex Koyfman does not make it clear as to which currency he is talking about, he does pinpoint a lot of its core characteristics. For example, this new cryptocurrency makes use of the same structural model as that of bitcoin, but spruces up its core coding so as to make it less labor-intensive and impossible to fake.
Additionally, the network used by this currency employs a computational system that is extremely high performance, and can be thought of as a crowd-sourced mega-processor. Alex goes on to add that this framework is currently one of the world's “biggest privately owned central processing units.”
Other Key Aspects Include:
- Usability: network participants can contribute the processing power of their devices to add to this “global, open sourced, decentralized supercomputer”
- Open to Everyone: this crypto platform is available for anyone to access.
- Multi Purpose: it can be used for a host of purposes ranging from asset distribution, to creating images, to doing scientific research.
How Do I Learn More About This Currency?
Apart from telling us the name of this new crypto venture, Alex Koyfman has told us pretty much everything else that we need to know about this virtual asset. For example, its value is presently just under $0.40, and that it has the potential to increase by over 1000X in the coming 4-6 months. To find out more about this investment opportunity, users can visit the official AngelNexus website.