4/3/2023 0 Comments Bitcoin expert opinion![]() ![]() And along with them, the generated reward in the form of new minted coins goes to the wallet. What happens next? With the help of Ultima Minter and applications, the purchased coins are frozen, and after the freezing period (which is equal to one year) expires, these coins are unfrozen in the wallet again. ![]() The larger the size of the purchased certificate, the more coins can be minted at a time. You will also need an Ultima Minter certificate, which is a kind of permission for minting that is purchased separately. To start generating coins, and then use them to pay online or exchange them with another currency (for example, the euro), you just need to purchase any number of PLCUs and download several free applications to your smartphone (Ultima Farm and Ultima Wallet). For example, residents of regions such as Nigeria or the Philippines. Thanks to minting technology, a greener and easier alternative to mining, PLCU coins can be minted and used even by people who don’t have access to traditional banking systems. ![]() And what is more important for an everyday means of payment than its availability and flexibility in circulation? For example, PLC Ultima, which features a developed ecosystem with its own set of products, which you can already use to pay with these coins in stores and freely buy everyday goods. PLC Ultima as an alternative payment methodĭespite the fact that BTC is unlikely to become as popular in the world as fiat currency, there are still some coins in the market that have that potential. The only possible development is for Bitcoin to become a store of value, like gold or stocks.” Because of this, Bitcoin has long been an asset used by unscrupulous speculators for their own purposes. Secondly, due to the strong volatility that Bitcoin has been showing for several years now, it’s impossible to pay with BTC everywhere, because the rate jumps back and forth. First of all, this cryptocurrency uses Proof-of-work and traditional mining, which has a serious negative impact on the environment. Here is what Alex Reinhardt, the founder of more than twenty IT and fintech startups, one of the leaders of the crypto market according to the American business magazine Entrepreneur, says about this: “I am very impressed with BTC and its system, but unfortunately, this Cryptocurrency doesn’t have the kind of future that its supporters imagine. But these types of jumps are the main reason why Bitcoin will never become a universal and popular payment method, especially since this isn’t the first time it has demonstrated such high volatility. This isn’t the end yet, and BTC is very likely to “come back to life” in the future. Those who kept their capital in BTC suffered losses estimated at millions or even billions of dollars. But what do we have today? Its value is experiencing the highest volatility in history and it continues to fall each day. On March 30, 2022, Bitcoin was worth 47,000 USD. ![]()
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