Magiccoin is a digital currency, based on cryptography and created by a process called "mining". Like the serial number on a paper invoice, every digital coin is unique.
Unlike money from governments, there is a finite number of Magiccoin, ensuring that they are not affected by inflation and are counterfeit. Since cryptocurrency is not associated to a country or to a central bank, the cost of the coin depends on elements such as usability, stock and demand.
When joining Magiccoin, users are part of a global network of millions of Magiccoin minors who can choose different ways to use their Magiccoin. You can mine and take advantage of its value. You can also make payments and transfer money to and from any part of the world.
It is can be used by merchants to adjust their payment system to include open-source code. Since each transaction is recorded and that is accompanied by the linage is created from the time, the coin is mined the chain of transactions cannot be manipulated and is open to the public scrutiny and records. This is the advantage of using the technology "block-chain".Your returns are based on the proof-of-stake (POS) and your coins are multiplied by your stake and additions that keep happening to it.
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