A cryptocurrency is a digital currency that uses cryptography as a way of security. Most cryptocurrencies run without the necessity for a central authority in a form of financial institutions or governments, and instead, their transactions are verified by users on the blockchain network. Depending on the cryptocurrency, the transactions become public records to prevent violation of a defined monetary policy of each specific cryptocurrency, making sure the coins are not spent multiple times by the same user and allowing the creation of new tokens based on predetermined rules. Cryptocurrencies are definitely a more convenient payment option for the buyer as there is no need to go to the bank, withdraw money or even enter credit card numbers at checkouts. It offers fast, reliable and safe purchases with low transaction costs.
How to place an order on Caupucinne.com with cryptocurrency?
Bitcoin was the first cryptocurrency and it originated in 2009, and was launched by a pseudonymous creator Satoshi Nakamoto. He drafted a revolutionary idea of the blockchain network and bitcoin as ‘Peer-to-peer Electronic Cash System’ in hopes to bring to life a system with a free Bitcoin software, that would decentralize the established financial sector through encrypted peer-to-peer digital transactions.
Created in 2013 by programmer Vitalik Buterin, Etherum is the second largest cryptocurrency, right after Bitcoin. The difference between these two is, that Etherum is much more than a platform for financial transactions, but it also acts as a platform for developers to operate decentralized applications such as smart contracts without using third party platforms. The goal of Etherum is to also run applications such as Google Play, Apple App store.
Litecoin is a peer-to-peer Internet currency that allows instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network fully decentralized without any central authorities like government or financial institutions. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
While this coin is almost like Bitcoin, there are notable differences that set Bitcoin Cash apart. Established in August of 2017, Bitcoin Cash allows more transactions to be processed by increasing the size of its blocks. By increasing its number of transactions, Bitcoin Cash hopes to be ready to compete with industry giants like Visa and PayPal.
USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. Each USDC is backed by one US dollar, which is held in a bank account. It is an Ethereum token, so you can store it in an Ethereum-compatible wallet, like Coinbase Wallet. USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.
Dai is a decentralized cryptocurrency built on Ethereum stabilized to the value of U.S. dollars. The asset is pegged 1:1 to dollars via what is known as the Maker (MKR) DAI Stablecoin System. Unlike other popular stablecoins whose value is backed directly by USD, cryptocurrency collateral, which can be viewed publicly on the Ethereum blockchain, keeps dai’s value stable. DAI is a key component of many decentralized apps, or dapps, in the decentralized finance, or DeFi, ecosystem that is built on the Ethereum platform. With DAI, DeFi users are able to use the asset’s stability to lend, borrow and invest on various different apps.
We are proud to be among the first to offer payments with cryptocurrency for our engagement rings and fine jewelry. Buying a diamond engagement ring in these times has never before been easier. Enjoy in your shopping experience at Capucinne hassle free, knowing your payment and personal information is safe and up to the highest standards.