A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions. It is established upon blockchain technology and decentralized consensus mechanism. It has inherited blockchain features such as public and tamper-proof. Common cryptocurrencies include: Bitcoin, Ethereum and MITH. Of which Ethereum and MITH are categorized as utility coins.
MITH aims to construct a comprehensive ecosystem that revolves around MITH. Users will be able to acquire MITH through MITH Staking on Steaker( www.steaker.com) and further spend MITH in various real-life scenarios.
What are the benefits of cryptocurrency?
Centralized financial facilities are no longer required for processing transactions. This drastically decreases the cost and error rate caused by transaction, reward processing time and manual management. In addition, blockchain technology guarentees the transparancy and fairness of a transaction.