A cryptocurrency is a digital medium of exchange that uses cryptographic techniques to transact online, with guaranteed security. These include Bitcoin, Ethereum, Namecoin, Litecoin, PlexCoin and others; all of these work with a decentralised network of blockchain. Cryptocurrency is decentralised and it is not issued by any central authority, which makes it free from government interference, exchange rates, inflation rates and interest rates. Additionally, no bank or financial institution is required to validate cryptocurrency transactions. This removes any fees on your transactions. It also eliminates transaction delays, high transaction fees and the disclosure of your personal information to other institutions.
Since it is a completely digital product, cryptocurrency cannot be counterfeited and this characteristic makes it very popular. It has been well-received worldwide, with many companies and individuals adopting the concept.
Evolution of Cryptocurrency
The cryptocurrency concept has been in existence for almost ten years, with Bitcoin being the first cryptocurrency to be created back in 2009. Since then, cryptocurrency has evolved to include the creation of many more virtual currencies.
What is PlexCoin?
PlexCoin is a cryptocurrency which is relatively new, compared to other cryptocurrencies like Bitcoin. Research on PlexCoin started in 2016 and it was then developed at the beginning of 2017; it was officially registered in July. Its presale began in August 2017 and its official launch was in October. It is hoped that PlexWallet, another application, will be launched sometime this year. In 2018, PlexCard and PlexBank will be launched.
Similarly to other cryptocurrencies, PlexCoin is decentralised and doesn’t have any central authority, meaning its transactions will not be managed by any traditional financial institution.
Its operating structure is, however, safer and much easier to use than any other current cryptocurrency. In comparison to Bitcoin its deposit, withdrawal, purchase, and sale transactions are faster and offer more storage efficiency. Overall, PlexCoin’s aim is to make using cryptocurrency easier and safer than standard currency and improve privacy.
Benefits of Using PlexCoin
● Flexibility – With PlexCoin, you can conduct transactions anywhere in the world using the PlexCard, which is a convenient way to privately send or receive funds. It will be easy to exchange PlexCoin for other cryptocurrencies or even standard currencies.
● Stability – Cryptocurrencies are generally volatile, but PlexCoin boasts to have the first crypto bank, PlexBank. With PlexBank, it will be possible to secure the cryptocurrency against market variations. Secondly, PlexBank will enable investors to invest in assets with guaranteed returns. Additionally, since PlexCoin is based on Ethereum’s structure, it works the same way as it was programmed; there’s no fraud, downtime, or external manipulation.
● Accessibility – The PlexWallet application will enable users to trade with PlexCoin quickly, conveniently and easily. There will be no need to go through a secondary market before being able to access cash, as is the case with other cryptocurrencies. You may use available ATMs anywhere in the world to cash PlexCoin. It will also be easy to track and manage an account balance or send and receive money from other PlexCoin users.
Often, people in remote areas have challenges accessing traditional financial service providers. With PlexCoin, this will be a thing of the past since they will only need an internet connection to make a transaction. It’s worth noting that the world is fast moving towards digitisation and due to its freedom from external factors like fraud, interest rates, exchange rates, inflation among others, PlexCoin is an attractive financial product. The benefits outlined above are evident, so that anyone intending to invest or transact can confidently choose PlexCoin to do so.
For the people who have less experience with new kind of technology, PlexCoin is revolutionary because it will facilitate access to the cryptocurrency by using functions and operating procedures that do not exist anywhere else. This new currency is good for a person who cares about their privacy. PlexCoin was launched in August 2017 and it already has value based on the current market. It will benefit from a very fast transaction time, which simplifies the process of managing cryptocurrency considerably.
The PlexCoin mission is to make a cryptocurrency accessible to anyone by being easy to use and to understand, as well as being safer and more private. There are many advantages to buying and using PlexCoin. PlexCoin is likely to meet your expectations.
Is PlexCoin the Real Deal or Just a Scam?
To get an accurate answer, the easiest and quickest test is to validate the project on Facebook. Firstly, the majority of likes come from countries where likes are easily and cheaply bought. Plus, there are large numbers on the page detailing estimations of future earnings on the website, and these are usually the sign of a scam. It’s also important to note that not one person is mentioned by name, nor is a team presented on the page. In fact, the company behind PlexCoin cannot be found. Who are these people? What are their backgrounds and projects?
Are you buying something online and do you have to wait a considerable amount of time to get the payment confirmation? If the answer is yes, then this coin has solved your issue. In comparison with Bitcoin, where it takes more than 45 minutes to receive the payment confirmation, you can get payment confirmation within 30 seconds. Now, isn’t that revolutionary? This way the coin has increased storage space for the users and it provides more security when it comes to online exchanges. If you are in a business where you need fast payment confirmation, then PlexCoin could be useful.
The developers are trying to provide users a way to use PlexCoin, which will eventually see them go outside of their phone and computer and make a transaction using this new coin. Say you need to buy something that may be on sale today and you need to buy that thing right this very second. Well, now you can purchase it using your coin. The company has got a Plexwallet, PlexCoin, PlexBank for the whole network to run smoothly.
For every cryptocurrency, there is a journey. At one point Bitcoin was only worth 10 cents, then it was only 25 cents, and there was a time when it was 25$ and now it’s 2500$. It might not be possible for you to buy hundreds of Bitcoin and cash them, but you could have done that when it was 10 cents. The point is, the case is the same with all of these new cryptocurrencies. PlexCoin could potentially reach high prices in the future because of all the great features it is offering. So, if you want to invest in a good coin which could turn a profit after one or maybe two years, this is the one for you.
To sum it up, anyone is free to do whatever they want with their money because it is a free market. However, it is smart to invest. Is PlexCoin realistic or just futuristic dream? Is it the real deal or a scam? Currently, the answer isn’t clear.