What is Cryptocurrency

OneCoin bring users together in a global community that allows them to mine and use the OneCoin cryptocurrency. Essentially cryptocurrencies are protocols that allow the validation of transactions without the need of a third party such as banks, credit card companies or escrow agents.

In terms of innovation, cryptocurrencies have the potential to impact various aspects of the financial markets and the wider economy. They can dramatically reduce transaction costs, give access to financial transactions and avoid pitfalls in certain monetary systems.
 
The value of digital currencies depends on supply and demand. Therefore they are often compared to gold, hence called 'virtual gold'. The more a cryptocurrency is used, the more its demand and value rises. With its millions of followers, OneCoin has quickly become the second-largest cryptocurrency in the world with a market cap of 4,41 Billion in June 2016

The value of the OneCoin cryptocurrency is in its strong brand and global community of millions of people.

OneCoin is not a pre-mined cryptocurrency, meaning that the OneCoin miners create the market. By mining the coin, transactions are added and recorded to the OneCoin ledger, comprised of all past transactions. The ledger resembles a chain of blocks, which confirm that a certain number of transactions have been made.

OneCoin is the first cryptocurrency auditing its blockchain by an idependent auditor on a monthly basis.

Because the focus of OneCoin is on the coin’s usability, we have offered our miners a coin that is easy to mine and easy to use. OneCoin has also enforced anti-money laundering polices as a proof that the company has long term plans to be a key player on the financial market