SIBCoin – Siberia Dash-Fork SIB Cryptocurrency For Russian Speakers?
What Is Sibcoin?
Sibcoin is a cryptocurrency. Just like conventional currencies are used in the exchange of goods and services, so is Sibcoin. The coin is transferrable from one user to another through digital wallets which have specific addresses.
Benefits Of Sibcoin
It Upholds User Privacy
Users can go about their transactions using Sibcoin with ultimate confidence that no information will be disclosed. How does Sibcoin enhance privacy? This currency uses three elements which act as the instruments for effecting privacy. The elements are RingCT, ring signatures, and stealth addresses. The RingCT feature conceals transaction details. The sending address is concealed by the ring signatures, while the receiving address is concealed by the stealth addresses. This helps to keep your payment private so that nobody can track you.
It Is A Convenient Mode Of Payment
Sibcoin comes in handy in the exchange of goods and services. It can be used to make both micro and merchant payments via websites and many online platforms. It facilitates these payments in an approach that upholds speed, security, and confidentiality of users. It uses a technology known as instantX that allows members to send or receive payments instantly. This means that you can trade at your own convenience because the platform is automated, fast, and reliable.
Use Brings Rewards
When the coin is in demand, the value of every coin is deemed to rise, too. As a result, a person who acquires and sells this coin stands high chances of getting rewards. When you sell your coins when they are in demand, you will get to benefit because you will get high rewards.
Sibcoin will not only give you high returns, but also comes with low fees when compared to that charged by banks or credit cards. In fact, is some cases, you will not be charged any fees at all, meaning that all that you need think of is how you will trade to get more money. This platform has been created to help you make more money as opposed to charging you huge fees.
This platform uses peer to peer connection, a decentralized communication model in which both parties have the same capabilities and both parties can initiate communication sessions. This is very important because unlike the client server model in which the client makes a request and has to wait for the server to fulfill it, the peer to peer model that this platform uses allows each node to function as both the client and the server. It allows users to control the parameters of operation. It also allows users to control the number of users to connect at one single time, what services to offer, as well as what to avoid.
It Is Global
Sibcoin is a global platform that allows members to send and receive money worldwide. The fact that you can trade with people from all corners of the globe means that you will have endless opportunities to interact and make lucrative deals.
It Is Secure
The security of members is always a big concern and that is why Sibcoin has put excellent security measures in place to ensure that the security of all members is well protected. Just to ensure that the investments of all their members are well protected, Sibcoin uses advance encryption and a 2 tier network for complete security. The 2 tier network is an internet service that operates with other networks to ensure that only authorized members gain access to the network.
Sibcoin Final Words
If you want to send or receive money in real time using a decentralized platform that is secured, Sibcoin is the ideal platform to join. You will get to interact with other members worldwide, trade, and take advantage of opportunities that will come your way.