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Coming Soon | Rilcoin.io

CHARACTERISTICS OF GOOD CURRENCY. To know more checkout http://rilcoinblog.com/ & http://www.rilcoinnews.com/

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Coming Soon | Rilcoin.io

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  1. CHARACTERISTICS OF GOOD CURRENCY

  2. 1 . EASILY ADOPTED? An individual accepts some part of money or any currency in return of some goods or materials, must be satisfied with the form of money he/she is getting. One should accept it comfortably aspayment.

  3. 2. PERSISTENT Thecurrencyshouldbe persistentanditsvalue shouldn’tdiminishwith time.

  4. 3. DIVISIBLE Thecurrencyshouldbe partible.Itmeansifyou make partsofmoney or divideit,theneachdivided partshould hold a particularvalue accordingly

  5. INVARIABLE 4. Itsvalueshouldremain stable i.e. should not changewithtime.Here thechangesthatweare talking aboutarerelated toitsvalue only.

  6. 5. CONVEYABLE It should be portable. It means that It mu st hold capability to be moved from one place to another.

  7. Agoodandvaluablecurrencyissomethingwhich cannotbepossessedeasily.Itshouldbehardto achieve it. 6. SCARCE

  8. While a currency is being transacted or acquired, it should be ful ly protected and difficult to interrupt in between.Forthisfeatureto be turned into real, transactions followed by peer- to-peer technology is must. Via this, utmost security can be attained. We are not discussing about s afes and locks here because while talking about it globally, it should be protected on internet. 7.SAFE& ALMOST IMPOSSIBLE TO COUNTERFEIT

  9. 8. FLEXIBLE Currencyshouldcontain elastic characteristics. Itshouldbecapableof performing certain alterationsasper economy’s need.

  10. 9. ECONOMIC The costtocreateor generatecurrencymustbe lowerthan itsvalue.

  11. Amajorrequirementforacurrencytobeaccepted isthatitshouldholdenoughpositivepastrecords i.e. a considerable historyofacceptance. 1 0. POSITIVE PAST RECORDS

  12. 1 1 . DECENTRALIZED The currency should be decentralized i.e. without any involvement of centralauthorities.

  13. "RilCoin is being launched to fulfill all the a bove characteristics. Now the fact that how c ome RilCoin facilitates everything that is needed in an ideal currency, is being explained in further points."

  14. RILCOIN Rilcoin.io Thankyou

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