Bitcoin is not the only cryptocurrency in the digital world. There are Altcoins in the crypto universe that have since come into being such as Litecoin, Ripple, Dogecoin, Peercoin and so on. The crypto world hype has seen an increased craze for yet another digital currency called Prether. But Prether is not necessarily like Bitcoin and the rest. Of course, Bitcoin is well-known and has its fair share of the market, but Prether is different. Totally different!
And here’s why.
In 2008, major economies faced an economic shake-up during the mortgage crisis that saw Fiat money lose value and the people owning them lost as well. Throughout history, precious stones such as gold were regulated currency equivalents and have been used as money. However, with time, the concept of fiat money changed that and now the concept of cryptocurrency seeks to renew this.
This is where Prether comes in.
What Is Prether?
There is no doubt that Bitcoin is king in the crypto world, but what Prether seeks to offer is much more. As gold has been used to hedge against inflation over the years, Prether takes it a notch higher as it seeks to combine both precious metals and cryptocurrency to give the owner ease and security in the execution of payment transactions.
Why Use Prether PTH Crypto Tokens Backed By Precious Metals?
There are a number of physical and technical aspects that make Prether a unique cryptocurrency. First, since it combines cryptocurrency with precious metals, it is fully backed by gold, silver, platinum, and palladium. It has physically certified assets that are safe since it is secured by a cloud-based financial services platform.
The Prether PTH token can be purchased using Ethereum when they launch their ICO on April 1st.
Prether is a suitable cryptocurrency and offers fast and secure payments around the world. With no middlemen in the picture, the payments attract near-zero transaction fees. In addition, Prether is built on the most innovative Ethereum blockchain technology.
The removal of middlemen also allows a peer to peer transactions between the sender and receiver, with no third-party involvement.
Finally, Prether is global and offers easy access wherever you are.
How Does Prether Work?
Prether uses the blockchain technology.
The blockchain is an ingenious invention, no doubt. Yet people still don't know what Blockchain is and how it applies to their lives. To many, it is a vague idea that has a lot to do with cryptocurrency, a concept that they find foreign and difficult to understand. But Blockchain is not as complex as it seems.
The Blockchain is a ledger system, an incorruptible digital record of financial transactions that can be programmed to record and update valuable transactions or activities. The cryptological linked blocks of data might be sold, bought, exchanged, or traded.
The whole idea of the cryptocurrency invention was to do away with middlemen who control the money and transactions between the sender and receiver. There is no central authority to regulate cryptocurrency due to its decentralization. Prether, by combining cryptocurrency and precious stones brings a whole new angle to the Crypto world.