Cryptocurrency, which is sometimes referred to as digital currencies operate independently of any central authority or banks and it is permissionless to use, the transaction is open & available for people to see.
Because it is decentralized, government authorities such as the Judiciary, Authorities in-charge of taxation, and the central banks do not find it appealing because it cannot be taxed and they don't have power to influence the transactions of traders/participants.
N.B: Cryptocurrencies Transaction cannot be cancelled, cannot be reversed and neither can it be disputed, This is the reason why newbies are advised to have someone who is experienced and careful to guide them whenever they want to carry out a transaction.
Cryptocurrencies can be obtained by buying/purchasing from a digital/crypto-currency exchange platform, The exchanger allows the trader to exchange their Fiat( paper currency) to Alt coins of their choice. The top five (5) cryptocurrency Exchange can be find below:
- Changelly, and
- Hobi Pro.
Cryptocurrency Trading platform have their own shortcomings such as: scalability, Cybersecurity issues, price volatility and lack of inherent value, Regulations, and abuse of trust which traders place on the crypto exchange all for the sake of profits, user-friendly interface, these shortcomings cause traders to panic.
As more technological innovations are uncovered, SAPPCHAIN, a decentralized end-to-end encrypted anonymous messaging App with peer-to-peer transfer of money and cryptocurrency solutions, based on blockchain technology and powered by Artificial Intelligence that connects people completely free, safe and anonymously came on board.
WHAT IS SappChain?
SAPPCHAIN is a decentralized end-to-end encrypted anonymous messaging App with peer-to-peer transfer of money and cryptocurrency solutions, based on blockchain technology and powered by Artificial Intelligence that connects people completely free, safe and anonymously. It is a multi-functional sub-urbanized chat application designed on the Ethereum Blockchain. This application provides the security and anonymity that people want to gain, in order to increase freedom and security, while communicating and exchanging information.