A lot of Bitcoin and relative parlance have been making rounds in the economic and technology industry. While some are appalled by the sudden rise in the worth of Bitcoin since 2009, some are still confused when it comes to leveraging the power of it.
The day will never come when we humans will be able to extract the true potential of technology and put it to use. We're always in pursuit of making things better, more transparent, and less dependent.
As ironic as it sounds, we're trying to find independence in the way things function by depending on technology. The transition from the stone age to using fiat currency, a lot has gone down and hundreds of reforms have taken place, still, today if a government loses its ability to provide the worth of the currency offered by them – what would you do?
Well, that is what Satoshi Nakamoto would've thought when he came up with an independent system where YOU decide what the value of your efforts will be and can spend on wherever you want to.
Decentralization, basically, no matter what happens in the world or to the issuing authorities – you'd never lose anything because nobody's in power and everybody has the power to perform any and all kinds of activities and transactions through blockchain.
Cryptocurrencies (Bitcoin) can be grouped into four major categories:
1. Speculative digital asset/investment
2. Medium of exchange
3. Payment rail
Zapit is another company which will make its entry into the world of bitcoins. Zapit is a platform that provides legitimate user-generated reviews.
An emerging model that enables users to make currency exchanges between themselves without having to use a centralized exchange operator. The wallet interface acts as a secure environment for a decentralized marketplace that connects buyers to sellers. The wallet provider does not act as a central counterparty, but only provides the infrastructure for the P2P exchange.
The estimated number of unique active users of cryptocurrency wallets has grown significantly since 2013 to between 2.9 million and 5.8 million today.
As of April 2017, the following cryptocurrencies are the largest after Bitcoin regarding market capitalization:
Decentralised computing platform which features its Turing-complete programming language.
Privacy-focused cryptocurrency launched in early 2014 that has recently experienced a significant increase in market value since the beginning of 2017.
Cryptocurrency system that aims to provide anonymous digital cash using ring signatures, confidential transactions and stealth addresses to obfuscate the origin, transaction amount and destination of transacted coins.
The only cryptocurrency in this list that does not have a blockchain but instead uses a 'global consensus ledger'.
Litecoin was launched in 2011 and is considered to be the 'silver' to bitcoin's 'gold' due to its more plentiful total supply of 84 million LTC.
The total cryptocurrency market capitalization has increased more than 3x since early 2016, reaching nearly $25 billion in March 2017. Although bitcoin remains the dominant cryptocurrency regarding market capitalization, other cryptocurrencies are increasingly cutting into Bitcoin's historically dominant market cap share: while Bitcoin's market capitalization accounted for 86% of the total cryptocurrency market in March 2015, it has dropped to 72% as of March 2017. Ether (ETH), the native cryptocurrency of the Ethereum network, has established itself as the second-largest cryptocurrency. The combined 'other cryptocurrency' category has doubled its share of the total market capitalization from 3% in 2015 to 6% in 2017.
The following are the Industry sectors with their primary functions:
1. Exchanges: Purchase, sale, and trading of cryptocurrency
2. Wallets: Storage of cryptocurrency
3. Payments: Facilitating payments using cryptocurrency
4. Mining: Securing the global ledger ('blockchain') generally by computing large amounts of hashes
It's ubiquitous from the above examples that the first movers have seen significant growth in the past decade. That brings me to the Initial Token Offering of Zapit.
While we discussed a lot of benefits that various entities get by using this platform, it is essential to summarize them all together to get a comprehensive overview of how the platform aims at creating a community where contributions are valued.
Here's why Zapit is the next big revolution in the world of cryptocurrencies because it invites consumers, sellers, product evaluators, and review moderators on a single platform. This ecosystem will again witness a significant shift when you can earn Zapit tokens through their Amazon Affiliate ID.
Zapit strives to ensure that consumers get legitimate reviews that can help them make
informed decisions while protecting sellers from competitor's negative campaigns.
Sellers can now start earning the trust of their valuable customers. By contributing, ICO
participants are joining the revolution to eradicate spam product reviews.
I don't need more reasons to convince you for investing in Zapit, do you?
Buy it now, today!