AreszCoin ARC is a digital monetary platform that makes use of the crypto network to allow for fast, safe and secure transactions. Since it is based entirely within the blockchain, it is not subject to the regulations that are implemented by governments, central banks or other financial institutions on regular fiat based currencies.
Also, when looked at in more detail, we can see that AreszCoin makes use of the same principles that are be being utilized by many other alt-coins these days. For example, it makes use of Peer-to-Peer systems that help in increasing transparency, as well as increasing transaction speeds. In addition to this, the currency also counters the problem of unregulated inflation by issuing a limited number of tokens (29 million coins to be exact).
Why Is the Website Inaccessible?
While AreszCoin was launched with much furor back in December of last year, the company has suddenly gone offline (as of 12th January 2018). In recent weeks, the company’s twitter handle has released statements saying that there have been certain issues with the website that have prompted immediate rectification measures to be taken.
In addition to this, there has also been a fake smartphone app with the name AreszCoin which has been released onto the playstore. As a result of all this, the company has stated on their official Facebook page that they will be suspending operations till all of the issues are resolved.
The official statement is as follows: “Our system is currently undergoing maintenance for feature improvements (dashboard display and email notification system) as well as other urgent issues. We will be back on the 15th January 2018 at 11 P.M. (GMT+8, HK time). We apologize sincerely for any inconvenience that has been caused.”