Review on Bolivarcoin by jesus ruiz
BolivarCoin, as creole as the arepa
Cryptocurrencies are changing the way the world economy is working, because you are your own bank. Cryptocurrencies have been created to offer an alternative to the banking model, they are governed according to a different structure that cannot be manipulated by any government or central bank.
For this reason, cryptocurrencies become important in countries with controlled economies, through their use it is possible to evade regulatory blockades or sanctions that prevent the free advancement of growth and economic development processes.
Thus arises Bolivarcoin, a Venezuelan cryptocurrency, born from the hand of a group of Venezuelan developers, programmers and computer students, and is conceived as a decentralized network to help solve some economic problems of the country.
This cryptocurrency represents an escape from the inflation present in the country, safeguards the value of money, and the blockchain is a source of open financial information that eliminates corruption due to its transparency.
Bolivarcoin is based on Blockchain technology, its decentralized database is fully auditable, which guarantees that only you have access to your money. Its design makes it easy to handle, designed for people who are new to the world of cryptocurrencies.
The exchange fees are very low compared to other cryptocurrencies, making transactions on the Bolivarcoin network very economical.
For trading, the currency operates in small exchanges such as Cryptopia, TradeSatoshi, Yobit, eToro, AAx, in addition to the Bolis info page, created by the BolivarCoin community. It is also present in Coinbase, Bit2Me and Binance.
This cryptocurrency has its own Android wallet, BolivarCoin Wallet, which can be purchased for free through the PlayStore app. This digital wallet is available for Linux, Windows and Mac.
It should be noted that Bolivarcoin is a p2p system where there is no central authority producing this money, the money is produced by mining.
The price of Bolivarcoin (BOLI) today is 0.01923600 US$ with a trading volume of 946 US$ in 24 hours. The price is down -8.1% in the last 24 hours.
Pros
- You can buy Bolivarcoin with Bolivars or other currencies and vice versa.
- No intermediaries, transactions are made directly P2P
- And most importantly, especially in our economy, the money belongs to you 100%; it cannot be intervened by anyone nor can accounts be frozen.
Cons
- none at this time
