Why I’m Buying Santacoin: A New Cryptocurrency For Microtransactions & Sending
Santacoin is a new type of cryptocurrency, created for use in the microtransaction marketplace, transactions between friends and family members, donations, and other similar applications. It is designed to be used in situations where existing cryptocurrencies fail or are impractical.
Santacoin (SAN) is a new type of cryptocurrency, created for use in the microtransaction marketplace, transactions between friends and family members, donations, and other similar applications. It is named after Santa Claus, which symbolizes generosity, because Santacoin was created in this spirit.
Why Buy Santacoin: A New Cryptocurrency For Microtransactions & Sending Donations
Santacoin is a new cryptocurrency designed for microtransactions, i.e. between friends, family members and small groups of people. Unlike other cryptocurrencies like Bitcoin, “mining” is done only by the user in such small transactions.
The block time is one minute and a total supply of around 100 million units will be reached in the next 12 years.
Santacoin is a new cryptocurrency for microtransactions and sending. We believe that Santacoin solves many of the problems plaguing existing cryptocurrencies, and after reading our whitepaper, we think you will agree.
Santacoin is a fairly new cryptocurrency, and one of the first to be designed specifically for microtransactions. The idea behind it is that it is faster, cheaper and simpler to use than Bitcoin, and offers several key advantages over traditional digital currencies.
After hiding on the sidelines for some time, I recently decided to take the leap into cryptocurrency investing. After learning more about Bitcoin, Litecoin, Etherium, and several other currencies, I discovered something new; Santacoin (also known as SANT).
This exciting new currency targets a very large potential customer base in the form of microtransactions.
Santacoin value. Bitcoin and most other cryptocurrencies are designed to be similar to fiat currencies (i.e. USD, Euros, etc.), used for larger transactions (buying a house, car, vacation, etc.) while being too large to be used for everyday purchases.
A day at the store or to share a tab over dinner with friends. Santacoin was created to address this issue, using a modular blockchain that can be customized through its development environment named “Sam” after the author’s youngest child. In this way Santacoin is a cryptocurrency specially designed for microtransactions and sending money between people.
While doing so, it also rewards investors holding Santacoin on a proof-of-stake time basis which is more energy efficient than bitcoin proof-of-work.
You’ve probably heard a lot of talk lately about cryptocurrencies. Some of it, perhaps most of it, is bullshit. But the truth is that there are valuable uses for cryptocurrencies in many aspects of everyday life. From making purchases and sending micropayments instantly from your computer to paying small amounts via your smartphone to someone in one part of the world to getting paid to do a task for someone in another part of the world.
Santacoin (SNC) appears to have been designed with those uses in mind.
Santacoin uses the latest Satoshi Nakamoto blockchain and cryptography technology which is the same technology used for the famous Bitcoin cryptocurrency. This makes Santacoin one of the fastest cryptocurrencies in the world, capable of processing payments very quickly.
The amount of time it takes for a transaction to be confirmed by the network is just a minute or two, compared to three or four days with some other Bitcoin alternatives like Namecoin.
Back in the early days of Bitcoin, and during the development of many other cryptocurrencies, there was always a statistic that “Bitcoin transactions pass through the network every 10 minutes”.
This is touted as a benefit of cryptocurrency, as it makes it faster than PayPal or credit cards. But where I and others see a potential use case for cryptocurrencies is in microtransactions.
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Bitcointalk Username: Manti Tarak
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3398709
BSC Address: 0xa00Ac64ce301B4E584Fe78B0864EE6575a4b2b68