Cryptocurrency is fundamentally a digital currency constructed with cryptographic protocols. The feature that makes cryptocurrency stand out is that it is not controlled by any central authority because of its decentralized nature. This decentralization stems from blockchain technology which enables cryptocurrency to steer past governmental control or interference – theoretically, at least.
Blockchain mechanism acts as a digital self-auditing ecosystem where the network synthesizes every transaction that takes place in ten-minute intervals. Every single transaction is labeled as a “block.” It goes to show that blockchain lives in a state of consensus where the system automatically checks itself every ten minutes. Blockchain functions upon the decentralized nature of its system which means that what rests in its database is not controlled by a singular central authority but instead by the network itself. Its decentralization makes the system function through a user-to-user basis. This has massive groundbreaking benefits because with the data being stored in the “blocks” of the decentralized network, the risk of the data being infringed in any way is eliminated.
Blockchain has the power to hold everyone accountable because there is no such thing as human or machine errors, missed transactions or any exchange that was done without the consensual agreement of the parties involved, in the network. On top of that, since the network doesn’t consist of a central governing body, there are no such target points for computer hackers to snipe. Hackers are still powerful because of how the internet still has vulnerable security measures such as the “username/password” gate that is the sole fortress guarding our assets and identity. Whereas, blockchain’s security methods employ encryption technology.
Moniat is the new game changer in the cryptocurrency world because it’s whole functionality and growth is based upon blockchain technology. It’s a form of cryptocurrency that bears its recognition in the industry by terms such as altcoin, or an ERC20 token, utility token, etc. They are all blockchain-based forms of digital money where the holder can exchange his/her balance with traditional money or other cryptocurrencies.
Moniat knows how potent blockchain is in the modern world and wants to expand it into as many forums as it can. It is collaborating with partners and top-tier application developers to make decentralized apps (dApps) which allows Moniat to be used as an in-dApp payment mode or even as an in-app payment mode. As of now, Moniat partnered with Flashat which is a new way to share and store photos on social media through blockchain technology. The app plans to be launched in the second-quarter of 2019.
Moniat puts its holders on a pedestal because of their contribution to a bright future. The holder is granted MAT rewards for inviting other people to hold more Moniat. It so happens that when there’s a new user on Moniat, their balance is stored in a cold wallet which is entirely under the user’s control and discretion. In order for users to share with other investors the creation of new MAT accounts, an account link is generated. When the new investor buys Moniat, he will receive 10% of the purchased MAT quantity, and if he sends more account generation links to have more investors sign up, he will receive an additional 10% of the amount that the other new recruits have invested. This goes for up to five levels.
Begin investing now in Moniat and build your crypto-empire!