Giracoin Switzerland And The Story Of Money.

At first people bartered, exchanging what they have as surplus with others in return for what they need. These things everyone used; salt, grains and domesticated animals which became the commodity money. Commodity money transportation and storage was difficult. Then, the smart started asking whether there is a better way to trade.

Precious metals were easier to carry, divide and store, and were also scarce and valuable. Countries and kingdoms started minting their coins of various weights that bore their seal. In time, governments and banks evolved. In the nineteenth and twentieth centuries, almost all of the currencies in existence were based on the promise of gold and silver in their return. The paper held its value because it represented a scarce resource, the precious metals held by those governments and banks.

Because central authorities like banks and governments controlled the value of that particular paper, to make the system more efficient, they replaced those valuable papers with valuable digits stored on a computer.

Money that used to depend on the value of a rare metal has now become just a number in someone’s computer.

At the dawn of the twenty-first century, the smart started asking if money can be only some digits in a computer, can there be a way to still back it by a scarce resource.

Computing power is such an integral part of our life and when smart people asked whether we can make a currency that is backed by computing power, the answer was cryptocurrencies and blockchains.

Cryptocurencies and blockchain are now widely accepted by governments and institutions.

Bank of Japan, Bank of England, Bank of Korea, the National Bank of Cambodia, the Reserve Bank of Australia, the Hong Kong Monetary Authority, Bank of China emerged as early and active ones on blockchain and DLT. Japan has even made decentralized cryptocurrency legal tender.

Commercial bank interest in blockchain technology, by contrast, started much earlier. In a major event for Swiss banking Falcon Private Bank became the first Swiss bank to begin offering customers direct access to their Bitcoin and altcoin portfolios. Through a partnership with Bitcoin Suisse AG, the bank is able to provide the necessary infrastructure to allow clients access to their coin holdings.

Gira Financial Group AG is a certified financial intermediary, a member of the SRO Polyreg, who takes advantage of developments in the blockchain. The headquarter as well as the compliance department is in Hergiswil in the canton of Zug. It offers a “Swiss cryptocurrency”, the Giracoin. In reality it is a means of exchange similar to the bitcoin.

Giracoin’s automated mining process represents an innovation in the field of crypto currencies. The closed

system is not only extremely secure, but it also allows users without their own high-performance computers to

participate in the mining process.

Having taken into consideration all of the legal requirements, Gira Financial Group AG provides its users with

a proprietary mining platform using the current standard SHA256 hash algorithm.

Our users buy tokens that can be fed into the Giracoin mining process.

Giracoin uses a combination of the proof-of-work and proof-of-stake process.

The blockchain is public on the Blockexplorer, open to scrutiny on the mining of coins.

For those interested in this Swiss cryptocurrency :-

See cryptocoins ranking http://cryptocoinexchange.com .

For full guidance and counsel https://giracoin.com/THT6282 Enquiries Whatsapp +60126075093 httan57 4@gmail.com

The registration is free and with an account you will receive further informations and counsel.

I give u the link to an article by Cryptocoinsnews for further info :- News: https://www.cryptocoinsn ews.com/giracoin-launches-priv ate-blockchain-usability-meets -fintech/

Details of blockchain, wallets, giracoin founders and management, girabuy, giraexchange, etc. can be found in https://www.giracoin.news.

Tan Hock Teck