When we speak of a store of value, a physical store is the most popular example of this. If you go to the supermarket, for instance, and there are two options: a Bitcoin store and a conventional money store, what do you think you’d choose? The person who prefers a physical store will obviously choose the one with a high value rate (high price) and thus more profit margin, whereas the person who prefers a conventional money store will choose the one with a lower value (low price). Does this mean, however, that all cryptosystems are valueless? Not necessarily – consider below a few noteworthy instances… To Get more info Click here.
Next, there is eBay, which is known to be one of the biggest commodity online stores – gold in this case. If you want to purchase a precious metal at a low price, you can search the web for “ebay” or “shop” and place your bid using the key you just made (i.e. your private key). The system is protected and allows users, much like any other conventional currency, to purchase without IDs (a mandatory function for all cryptocurrencies), transfer funds and pay through credit card.
Also, it is known to be one of the largest cryptocurrency networks – with the highest number of members registered on the website – if you include YouTube. Most people upload several videos every day, but how do they have to pay for videos they want or others they want to advertise is the biggest challenge for them? Luckily, there is a YouTube video converter that allows users to convert videos that are captured in any other format to the popular cryptocoin format. Therefore, even though certain cryptocurrencies are not as “promising” as others (i.e. the most common cryptocurrency), there are still many benefits related to it, such as: a value store, hassle-free payment process, and protected private key storage.