Digital coins are programmable Internet based tokens. Simply put, digital coins are the latest technological advancement in keeping track of financial numbers, and Compcoin is an unique innovation, programmed as a key it allows access to financial trading technology.
Advancements in cryptography and computer science have created Blockchain Technology that is likely to change the future of finance.
Blockchain Technology is easy to understand. It’s a digital accounting book (ledger). Using only computers it keeps financial accounts without any central human bank manager.
Digital coins from these crypto secured accounts are traded over the Internet with this technology. Digital coins are used to access financial applications and services over the Internet. Examples are money exchange outside the banking system, automatic business contracts, and now with Compcoin automatic currency trading.
New multi-billion dollar financial markets for these new digital assets have already emerged and are projected to grow to more than $1 trillion during the next decade.
- Digital coins use encryption for security and are practically impossible to counterfeit.
- Digital coins are used and accepted among people globally over the Internet
- Digital coins are controlled by blockchain software that automatically regulates their use and supply.
- Digital coins can be used in software apps to allow things that used to require centralized control to become decentralized.
This means that it can avoid the waste, fraud, abuse, and bad decisions that often corrupt centralized systems.
- Currency Applications — The initial and dominate use thus far has been to keep allow for fair international currency trading outside of the centralized banking system.
- Financial Services — a better way to invest and keep accounts secure
- Fulfillment of Contracts — automatically execute commercial transactions
- Decentralized Lending — access to a larger pool of lenders and borrowers will yield more competition and lower market rates
- Financial Markets — Digital currency exchange creates new markets
- Privacy Applications — it can be used to protect passwords and secure all forms of digital communication
- Software & Media Distribution — digital rights distribution and management without central control
- Cloud Storage — Storing your files securely in the cloud costs less and is more convenient
Compcoins are used for trading currency within the government regulated financial markets compare to digital cryptocurrency coins that are used to globally exchange currency outside of the banking system.
Compcoin are held securely in our Digital Hardware Wallet. All information contained in the wallet is encrypted. Purchased Compcoins can be held in our digital wallet, and printed out on paper and kept in a safe-deposit box.
The small stick computer is customized to create a secure “wallet” to hold your coins. The wallet assigns a unique account number called an address. Your digital wallet is programmed to securely identify itself with other wallets across the Compcoin network.
To send coins, your wallet broadcasts to the rest of the network that the amount on your account should go down, and the amount on the receiver’s account should go up. Each wallet then passes on that transaction info to other wallets. Once the information is validated, the transaction takes place.
Using our Compcoin Wallet, Compcoin holders may send and request Compcoins from other members on the Compcoin network.
As of September 2016, just over 3 million Compcoins have been created. Compcoin’s hard coded maximum of 10 million will be reached in Q1 2020 (See Compcoin mining schedule) .
Compcoin software is purchased by buying Compcoins.
You may refer to our current pricing page for up to date information regarding the pricing.
Compcoins are designed to be scarce and become more valuable if investors see results. New coins are added to the supply slowly on a set schedule that will end permanently in the first quarter of 2020.
Compcoin Digital coins protect the currency trading system potential returns by capping the amount of capital traded that can be invested this way. Compcoins value is designed to track along with the trading returns realized by its use.
You can turn on or off trading at any time by clicking a button. You also can increase your orders by sending more Compcoin’s.
At the end of the quarter Art will send you your coins back minus a transaction fee. To begin the next quarter just send Art more coins and he will activate trading on your behalf again.