A Quick Guide on Zoincoin: How to buy it, spend it and make money doing it


Is virtual money like Zoincoin the tomorrow of transacting amounts online, offline, and anywhere goods are sold?
Cryptocurrency has definitely become more of a mainstream term over the past few years, but what is it specifically and how can you put it to use?
This is the ultimate guide for understanding Zoincoin, responding your queries as to how to obtain it, where to consume it, and how to earn money doing it!

What exactly is Zoincoin?

How do you get it? And what can it be used for?
Zoincoin is a kind of cryptocurrency, a peer to peer virtual money system that enables you to transfer or get money over the internet without being linked to a physical identity or 3rd party (e.g., PayPal or Amazon). 
These transactions are fully transparent, supported by network nodes and registered in a shared public ledger called the blockchain.

Cryptocurrency versus Regular Money:

In centralized banking, governments regulate the amount of currency by issuing units of fiat money or money considered by the government to be legal.
Zoincoin, by contrast, is not regulated by any government body and is currently one of the leading cryptocurrency of its kind regarding total market value. At the start of 2017, there were around 700 cryptocurrencies in the marketplace.

How are Zoincoins created?

Zoincoin is created using a method called mining.
Mining is the act of recordkeeping that confirms transactions in the blockchain. Miners accumulate recently transmitted transactions into a new group of the operations called the block.
Using robust computers, miners get the information in the block and use a mathematical method to it, transforming it into an apparently arbitrary string of numbers and letters known as a hash.

 Each time an individual successfully generates a hash, they get a pay in Zoincoin.
Security
Zoincoin only holds a record of addresses where the money is. Each address has two major pieces of cryptographic information or keys, a public one and a private one.
A public key is what decides the ownership of zoincoins, and is very similar to an ID number. If somebody needed to send you zoincoins, all you would need to do is provide them your zoincoin address.
A private key is related to email credentials; only with it can the owner send Zoincoins from it.

How can I acquire Zoincoin?

You can acquire Zoincoin using an exchange platform called Coinbase. This is what I recommend. 

 Coinbase enables you to buy Zoincoin using USD or your country’s currency and reserves them in a digital wallet.
How can i spend my Zoincoins?
You can transact with any another person or merchant who takes Zoincoin via digital wallets. A plain QR code can be obtained using your phone and the money sent/received immediately.
One of the excellent points to be rolled out with Zoincoins is their wallets like Mac Wallet, Web Wallet, MacWallet, etc. These wallets allow you to transct the money anywhere.

Making money with Zoincoin

Just like any “investment” buying Zoincoin and enabling it to appreciate in value is a great way to grow your money. Buy on dips, spend on rallies!

Where to start?

I recommend you to by opening up a Coinbase account. Here you can buy your first Zoincoin.

Interested in Learning More about ZoinCoin?

Check out Zoincoin.blogspot.com latest blog postsand don’t forget to check the other ultimate guides in our ZoinCoin explanation series.

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