If you read our last blog post about JIFUcoin*, you’ve probably been contemplating all things crypto-currency. Despite the fact that crypto-currency is a booming and inevitable part of our economic future, most average people don’t know much about it. Even the word crypto-currency sounds daunting, like something only for the dark, hidden corners of the internet.
One of the most frequently asked questions is about the security of crypto-currency. Without a doubt, it is always good to be careful when buying crypto-currency. Here at JIFU, we want to ensure that you have all the information you need to understand why JIFUcoin is a safe and transparent option.
One of the most important, if not the most important, part of crypto-security is what is called a blockchain. A blockchain is what makes crypto-currency even possible by decentralizing data and information. To boil down the very complicated technology that is blockchain, it is essentially a ledger of every transaction made on a certain network that anyone can access and see.
Because the data is stored in hundreds to thousands of different computers, a good blockchain is nearly impossible to hack or change. If, by chance, someone was able to change the ledger on one computer, it would end up being voided because the changed data does not match the data on the other storage locations. JIFU has invested heavily in a blockchain to ensure supreme security; we are not cutting corners when it comes to JIFUcoin.
Additionally, every transaction made requires a two factor authentication process, whether that be a password or authentication code. It is also important to consider the “e-wallet,” which is where crypto-currency is stored. Some of the most popular e-wallets include companies like Coinbase, but JIFU is developing our own e-wallet. As usual, JIFU leaves nothing to chance, and our e-wallet is no different. JIFUwallet will be the ideal place for users to store their crypto-currency. Users will be able to effortlessly import and connect their current crypto-wallets to JIFUwallet.
A few other tips for safe crypto-currency usage include using a strong password, logging out after each transaction, and carefully checking your mobile transaction history regularly, just like you would a bank statement.
JIFU is committed to full transparency and we have been hard at work developing a token that actively benefits our members. JIFU is also dedicated to making JIFUcoin a true utility token, meaning that our members can use it to buy products, services, and travel experiences.