What is Bitbon
Cryptocurrencies remain the epicenter of events in the financial and IT sphere. But more and more often we can see how the emphasis is gradually shifting from the phenomenon of digital money towards the modernization of their technologies and logic of work. Such trends are caused, among other things, by the obvious shortcomings of virtual money, the main reason of which is reduced to their lack of assets. And in this article we will consider a new crypto tool – Bitbon, which has managed to make a fair showing of itself in a cryptocurrency society.
Bitbon is a digital financial instrument that has a decentralized organization system based on Blockchain and is built on the principles of cryptography. At first glance, such a generalized idea of Bitbon borders on a common understanding of the essence of cryptocurrencies. However, it is worth highlighting such an important point as the complete provision of Bitbon with real assets. In other words, the value of Bitbon as a unit of account is formed taking into account the value of various assets, and most importantly, their development potential in the future. The algorithm is as follows: with an increase in the price of assets, its value also rises.
Bitbon is powered by Ethereum Blockchain technology. All operations occur under the terms of public Bitbon contracts (smart contracts) and are recorded in the form of entries in the Blockchain. This ensures high technical safety, data security and transparency of all processes.
The model described above allows you to take a different look at the prospects of digital money, as it involves a more optimal and safe way to use them. What does this consist of? First of all, in the reliability of Bitbon as a crypto asset, in the transparent and predicted growth of its value, and therefore, in a greater degree of trust. The combination of these characteristics of this derivative financial instrument is embodied in the cryptocurrency value of Bitbon. Actually, the creators of Bitbon themselves became the founders of this concept, laying in it a complex of new properties and functions that this digital asset possesses.
In fact, Bitbon as a secured cryptocurrency can be applied in all areas, and most importantly – at all levels, including the state one. Circulation of Bitbon is carried out within the legal framework according to the law. It follows that Bitbon has every opportunity to become a legitimate digital currency on a transnational scale.