27 Jan 2018

White Paper bitFORTUNE Decentralization

bitFORTUNE Decentralization bitFORTUNE is a cryptocurrency. Inherit

27 Jan 2018

bitFORTUNE Decentralization

bitFORTUNE is a cryptocurrency. Inherit of all cryptocurrencies is that they are decentralized. This means that bitFORTUNEs have no central authority, cannot be regulated and once created can never be destroyed apart from the internet itself. The bitFORTUNE token is created on the Stellar platform which also has these same properties and more…

Stellar Logo

The Stellar platform is one of the most sophisticated cryptocurrency platforms in existence. Stellar is an open-source, public, blockchain-based, real-time financial platform. Stellar provides a decentralized asset exchange – similar to the NYSE but is for cryptocurrencies. Stellar facilitates trading using an international network of computers that anyone can take part. The Stellar platform provides a cryptocurrency token called lumens (XLM) which is the primary asset of the platform, can be transferred between accounts and is used to collect fees for network operations. The Stellar platform is also equipped with payment gateways that makes it very easy to move various currencies to and from the platform instantly at will.

Stellar may be of the most competitive scalable form of digital payment in existence – theoretically able to handle 10,000 transactions per second. Other features of Stellar includes no deposit or withdraw limits, impenetrable security, low fees, the capacity to trade literally anything, the ability to create assets including market pegged assets that are pegged to external assets, and a lot more features that is out of scope here. For more information about Stellar properties visit the official Stellar site.

The Stellar platform provides a decentralized exchange for bitFORTUNE. This gives utmost security to holding bitFORTUNE tokens as they are not governed or regulated by any authority, they cannot be destroyed, all transactions are anonymous, no entity has the power to “seize” or shutdown bitFORTUNE holdings, and the exchange on which bitFORTUNEs are traded naturally inherits these same properties.

The bitFORTUNE exchange on the Stellar platform is here.

Exactly how to create a Stellar account using a hardware wallet and purchase bitFORTUNE tokens is explained here.

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