NILECOIN ICO (NIL)
Cryptocurrency has become a trend in the financial industry. It has a capitalization of more than $500 billion. According to economic experts, cryptocurrency is expected to surpass a volume of $3000 billion.
Nile coin is another form of digital currency that has become the world’s leading software stage for digital possessions. Nile coin ICO is a digital currency that operates under operates under a peer-to-peer network.
The software has powered more than 100 million transactions with a daily volume of $5 million used in more than 140 countries.
Simply put, Nilecoin ICO is a turning point in the financial industry. Unlike, Other currencies, it can be combined with another cryptocurrency to offer customers a convenient payment system. Nilecoin ICO is a currency that works through smart contracts to stop high fees and save users times.
Nilecoin has built its reputation on many exchanges so the price will change according to the market demand.
The cryptocurrency market potential has risen and has become the trend of the modern society. Nilecoin team understood this direction and built the currency with a complex mining algorithm to ensure protection and reliability of transactions. Each Nile coin transaction is made up of 64 characters. Nilecoin ICO also uses the algorithm X11 and has a fixed fee with a time record of 0.0001 seconds.
In the future, Nilecoin will integrate share wallet to connect the Nile coin community for peer-to-peer communications so that users can easily find other nearby Nilecoin users. The wallet also enables users to identify their locations and use cryptocurrency for payment applications.
One interesting fact about Nilecoin is that it is an e-payment system used for exchanging and creating value. The fact that it works like a local currency makes it an attractive solution for people who wish to earn a fortune. They charge a transaction fee independent of the transaction volume. Nilecoin issues debit cards for daily transactions, and the currency can be converted to local currencies such as CNY, EUR, JPY, GBP, USD.
Why is Nilecoin hot – mining scarcity?
Nilecoin minable coins are limited to 5.1million, and the number will decrease by 4.6 million in the next five years. Every year, Nilecoin is creasted with more difficulty based on the strength of the network. NIlecoin is projected to end in the year 2067 with more than 136 million supplies of coins. It is in 2067 that miners will finish mining the currency. After 2067, Nilecoin mining will stop. The fact that Nilecoin mining will end in 2067 creates a perceived scarcity and increases the value of the currency.
Hackers cannot hack into the system because every new block contains hashes of the old one. Hackers must change previous blocks and obtain more than 70% of the Nilechain processing power to hack into the system. Newly created blocks harden the process of changing a block.
Nilecoin has apps on mobile devices such as IOS and Android – which you can download from the play or APP store. Nilecoin was traded and listed on other exchanges on August 20th, 2017 with additional 50 cryptocurrencies.