UNOCS: Its Avengers, Crypto Currency Style

Bitcoins may dominant the headlines, but there are plenty of rival Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term that have been launched to compete with Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term’s four year old currency. The rival currencies aim to offer unique selling points such as quicker authentication times or greater security than bitcoins. Referred to as the silver to bitcoin’s gold, litecoins are arguably the most well-known and used of the competing currencies.

In regards to the rest, seemingly every few days there is mention on Reddit about a new crypto being born. They usually get a quick uptake of miners jumping on board to grab their share of initial coins, with the excitement quickly dissipating. In a push to create demand for three of the fledging currencies, United Currency Solutions (UNOCS) was recently launched.

Joining forces to create UNOCS are Feathercoin, Phenixcoin, and Worldcoin. The three coins will be sharing resources and a cross currency platform that is aimed at providing “improved consumer and merchant services”, as well as “to push back technological boundaries and create cutting edge tools that will define the next stage of crypto-currency adoption.”

According to the prepared statement announcing the collaboration, the three currencies currently have a following in different segments of commerce, thereby opening up increased possibilities of exposure and utilization that a shared platform provides. Among the currencies, Feathercoin is focusing on consumer market, Worldcoin on the business sector, while Phenixcoin in the entertainment and e-gaming markets.

The joint solution is set to launch next week. At that time, all three crypto currencies will be supported and managed by the same teams.