What is Primecoin

What is Primecoin ?


       - > It is a Cryptocurrency. In the past, People attempted to intregate crptography and electronic money together. The first cryptocurrency was Bitcoin (BTC) . Later, there are other coins were created such as Litecoin (LTC) . There are many kind of coins were created. Not all of coin will be accepted. Primecoin is one of new coins that be accepted not to much.

     * Primecoin's nickname is XPM

How do i get the coin ?
       - > 1. Buy  2. Trade 3. Mining ??

What is mining ?

       - > Just  let the computer encrypt the code when it completed you will get the coin.
(I will explain later)

Turn on the computer and get coin ? What the kind of money ?. Do we can still trust this cryptocurrency ?

       - > Properties of money
1. Everybody can accept in value (Now, not everybody but still more and more people will accept )
2. Can't fake (If you want to hack this coin. you must have computer that powerful more than everybody that mining the coin)
3. Can exchange ( Yes. it's easy to exchange moreover it's no fee )
4. Sustain (Yes. It design for that)

I think cryptocurrency is can trust enough if we know about it.

What's difference between normal money and cryptocurrency ?

                                      Normal Currencies                        Cryptocurrency

 Bank's back up                          Yes *                                           No

 Fee                                          Yes                                           No/less

 Fluctuate                                  Few                                           Many

 For online trade                        OK                                             Better

* but Bank's back up doesn't mean it good. Cryptocurrency go on with market mechanism. But the bank can put the money to system. Moreover, Sometime normal currencies can collapse. So ever currencies has own risk.

In my opinion, digital coin will be acceptable for everyone in someday.

 I read almost the page i still don't know what is primecoin ?

     - > it's new cryptocurrency release on 07 July 2013.

The new coins ? It have value ?

     - > For now, I think it's not. it about  1.6-1.85 usd / 1 xpm

                                 https://coinplorer.com/Charts/XPM/USD

but if we look at the past the price up and down with fluctuate like i said .
It went up highest to 6 - 7.5 usd / 1xpm .

                                 https://coinplorer.com/Charts/XPM/USD

Future is unknown. We can't predict. Every investment has a risk. If you can accept that, It's value to invest because it's new coins. it's value can higher like BTC, about 1 btc / 100 usd to 1 btc / 1000 usd with 1 - 2 mouth in the future or also can fail down and collapse.


                                                    High risks, High return.




Do it what do you believe.    : D

For the next article we will show you how to start with Primecoin and talk about value.