What a cryptocurrency is and how it works
Abstract
In this white paper, we shall discuss what a cryptocurrency is and how it works. We shall also explain why more people have started to show interest in investing in crypto-currency. We shall also describe the challenges of cryptocurrency and how these challenges can be resolved. Besides discussing cryptocurrency, we shall explain what the Goldberg ICO is and how investors can get on board. Knowing more information on the ICO is crucial because it becomes easier for investors to understand how they can safely and efficiently invest in Goldberg and reap ample returns. Having access to this information will help in debunking common misconceptions that surround crypto-currency and ICO’s. More people are becoming interested in cryptocurrency as an investment rather than a mode of transaction. Though a treacherous route filled with hurdles with availability investing during an ICO is considered as one of the most profitable ventures an investor can undertake.
Introduction
Over the past ten years, more people have become interested in cryptocurrency since the coming into existence of bitcoins and its subsequent rise in value to unprecedented limits. Few people believed in the Bitcoin idea until it was too late, but those that did place their wager on bitcoin early got huge returns. Though many economic experts threw a lot of doubt on Bitcoin’s reliability as a store of value, it managed to maneuver through growth in value and stability in the long run. Credibility throughout bitcoins blockchain could be cited as the key to its success. Our story is similar to bitcoin, though we are new in the cryptocurrency world, Goldberg has grown steadily. Significant challenges we face are the lack of funds to improve our blockchain technology, which is essential in keeping up with other major cryptocurrencies in the market. Improving blockchain technology will help us keep up with other cryptocurrencies in the market and enhance security throughout the system.
Problem/Market consideration
It is always better for a new cryptocurrency like Goldberg to be improved. Blockchain technology is continuously evolving. Thus, it needs to consistently update blockchain systems and operations to ensure efficiency and transparency. Improvement of the blockchain requires a qualified workforce and expensive hardware such as servers. Efficiency and transparency allow users and owners of cryptocurrencies to interact effortlessly with our systems and their cryptocurrencies. This is important in ensuring that our organization maintains a good working relationship with owners of our cryptocurrency.
Furthermore, proper maintenance of our systems is essential in creating a good reputation. Updating or blockchain technology will help in securing the entire network. Cryptocurrencies have become a significant target for cybercriminals since they can easily get away with stealing of cryptocurrencies. Improving our systems will protect our organization from inconveniences caused by cybercriminals and our clients from possible theft and loss of valuable assets in the form of cryptocurrencies.
Solution
Our organization has not managed to attract investors who are willing to invest enough money to fund our projects while growing their investment. Investing in us will allow you the investor to increase the value of your investment as we grow and improve our operations to reach more people. As more people continue to invest in Goldberg after your initial investment during our ICO, the more the value of your investment grows. Just like all other cryptocurrencies, the value of Goldberg virtual currency grows with the rise in demand by people. The value of a cryptocurrency goes up with the rise in demand for it. The earlier an investor invests in Goldberg, the higher their value of an investment when the demand for the cryptocurrency rises.
Conclusion
The best time to invest in a cryptocurrency is during an Initial Coin Offering (ICO). During an ICO, coins’ prices are much fairer than when the coins are floated and put up for sale in the market. Therefore an investor will be able to reap maximum benefit for the investment they put in.