If you are looking to mine a promising cryptocurrency for profits, there are many reasons for choosing SIBCoin. This coin was first created in 2015 and offers many advantages over its other counterparts. It uses the DASH source code and masternode that involve a series of algorithms using encryption technology for carrying out transactions.
Advantages of Mining & Using SIBCoin
There are many advantages of mining, buying, and using this cryptocurrency.
SIBCoin keeps all user information private. You can carry out transactions using the coin without worrying about anyone accessing your information. This system uses RingCT, stealth addresses, and ring signatures for enforcing privacy. Ring signatures hide the sending address and stealth addresses hide the receiving address. The payments remain private and the transactions cannot be traced by any other party.
2. Ideal for Investment
You can also purchase this cryptocurrency for investment. The coin has been gaining value since its creation and this has made it a good option for storing wealth. You can purchase it when its value is low and sell it when its value rises to generate profits.
3. Low Transaction Fees
All cryptocurrencies carry some fees for carrying out transactions. With this coin, the cost of transactions is negligible. Transactions are carried out on the SIB Network and are miniscule compared to what credit card and banking transactions cost.
4. Global Transactions
SIBCoin may have originated in Russia but it was intended to simplify transactions for everyone. Anyone can use or invest in this coin and carry out transactions throughout the world. There are no limitations and no risks involved for global transactions.
5. Fully Secured Network
The masternode enabled coin uses a wide range of algorithms to ensure that you have access to a fully secured network. It uses advanced encryption technologies including 2-tier protocol for ensuring optimal security.
In addition, the SIB Network is a decentralized system, as there is no central authority. It makes use of peer to peer communication system that allows any two users to initiate transactions without the need for any central authority. Thus, there are many features that make SIBCoin an ideal cryptocurrency for investment and for carrying out transactions.