Cryptocurrency in general

Cryptocurrencies can be very confusing to a new user. Here is a list of the most common questions and answers about cryptocurrencies

Who controls the network?
Everyone! No single person or organization owns the network. The network instead is run by all of the users around the world. Developers improve the softwar...
Tue, 3 Mar, 2015 at 4:02 PM
How can I convert coins into fiat money (USD, Euro, etc)?
Any exchange that lists ziftrCOIN will allow you to trade them for other coins, and some exchanges will allow you to trade cryptocurrencies like ziftrCOIN...
Tue, 3 Mar, 2015 at 4:02 PM
Where do coins get stored?
Coins are sent to a specified address, which is only accessible with a private key. Think of your wallet as you would your online bank. Your public key is s...
Thu, 5 Mar, 2015 at 4:33 PM
Are coins regulated?
The core protocol itself cannot be modified without the cooperation of nearly all its users. Allowing special rights to a local authority in the rules of th...
Thu, 5 Mar, 2015 at 4:34 PM
How are coins created and by whom?
Coins are created through the process of mining. This is a process that involves individuals getting rewarded by the network for their help in solving very ...
Thu, 5 Mar, 2015 at 4:34 PM
What does the Network Do?
The network is sharing a public ledger called the block chain. This ledger contains every transaction ever processed. This allows a user’s computer to verif...
Thu, 5 Mar, 2015 at 4:35 PM
Do ziftrCOINs have monetary value?
ziftrCOINs have a minimum redeemable value of $1 within Ziftr’s retailer network. However, their open market value or the value that people are willing to ...
Thu, 5 Mar, 2015 at 4:35 PM
Who uses coins?
People use digital currency to shop everyday. Also, many businesses accept digital currency for purchases both online and in stores. A few large companies t...
Thu, 5 Mar, 2015 at 4:35 PM
How do I get coins?
There are several ways in which you can get coins: There are exchanges where you can purchase coins for USD, Euros, etc. You can earn coins through the min...
Thu, 5 Mar, 2015 at 4:37 PM
Where can I use coins?
You can use coins in many different places depending on what you wish to use them for. Currently, bitcoins are the most widely accepted and used cryptocur...
Thu, 5 Mar, 2015 at 4:44 PM