There are over a 1000 different cryptocurrencies available in the digital currency market. Are they all the same or is there something that differentiates them? Is one inherently better than the other?
There are various differentiating factors that distinguish one from the other. For example, Ethereum makes use of smart contracts, which is partially the reason behind its rise. Some make use of different hashing algorithms, which mean different mining techniques have to be employed.
Today, we’ll be looking at what separates Money Trade Coin and Bitcoin from each other.
Money Trade Coin is an intellectual property that is jointly owned by Bitcoin Global FZE, UAE and Money Trade Coin Ltd., UK.
How are they Different?
Bitcoin has been around since the inception of cryptocurrency. It is the first one, and consequently, the most mature. It holds the largest share of the cryptocurrency market and is the highest value. That’s why it requires a lot of capital for an investment today.
Money Trade Coin, on the other hand, is still in the early stages of growth. It has 84 million partially pre-mined coins, making investment and entry into it a comparatively easy matter.
Also, unlike Bitcoins, Money Trade Coin has protocols that prevent it from being used in illegal transactions. Bitcoins have a long history of controversy regarding use in illegal transactions. MTC follows Know Your Customer and AML guidelines which protect against misuse.
Mining for Bitcoin these days is also a troublesome affair. So much of it has been mined already that the only viable option is to join a group of miners and hope that you’ll crack the next coin, of which you’ll only get your share, usually a minor portion. This is not true for Money Trade Coin.
Money Trade Coin has something else going for it: it is the first cryptocurrency to incorporate the SWIFT code system, making a recognizable form of transaction across the globe. Furthermore, the wallet it uses is also highly secured, the most secure of its kind.
What does all of this mean? It shows that Money Trade Coin is an increasingly lucrative cryptocurrency option. As it is in the nascent stages, it makes an ideal choice for you to throw some backing behind it. It also plans to expand to other areas, including academies and e-commerce.
A prepaid card, powered by Visa, is in the works. It will also be possible to obtain gift cards, book airline tickets, shop in online malls and plan travel with Money Trade Coin.
The intention is to make Money Trade Coin an all-purpose cryptocurrency that will serve users in financial services like wealth management and loans, as well as exchange and e-commerce transactions. The true strength of Money Trade Coin lies in an ability to cover an individual for all of their digital financial needs.
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