Cumrocket is a tool, with an innovative business model and technology behind it. It’s not a new type of crypto currency, but rather a way of using existing crypto currency to build something new, with the aim of creating wealth.
Cumrocket is a new type of distributed financial technology (DST). DSTs are financial products that use blockchain technology to operate in novel ways. The basic idea is to use existing digital currencies like Bitcoin or Litecoin as the “fuel” for computations that generate cryptocurrencies – virtual coins whose value derives from their scarcity and usefulness for transactions..
So cumrocket is a DST that uses Bitcoin or Litecoin as fuel for bitcoin mining. As more computers participate in mining, cumrocket’s value goes up.
CumRocket Crypto Currency is the first to offer a hybrid security token which will combine all the benefits of a traditional equity and cryptocurrency. The CumRocket Coin will allow you to make profit by either holding it, or by acquiring more of it. It’s a new crypto currency that was developed from scratch by our software developers and scientists. The CumRocket Coin will be issued using the Delegated Proof Of Stake (DPOS) consensus algorithm which is based on a new technology called FoldingCoin and can process thousands of transactions per second using the latest ASIC hardware.
The CumRocket Coin is not only your own digital asset, but will also be used as a payment method for premium services and goods provided by our partners. The Cumrocket Coin holders will be able to make profit by receiving dividends or by selling their coins in exchange for other currencies or fiat. We also design our coin so that it will have a long-term investment potential through its functionality: it has a short circulating supply and an increasing emission rate with time.
A more widespread use of the word “crypto” has been negative. “Crypto” is a marketing term that makes it seem as if the project has something to hide. But crypto is short for crypto currency, which means simply a currency that isn’t controlled by any central bank or government.
Cumrocket’s crypto will be a standard Bitcoin Ticker, but with some added features that make it better suited for automated trading. It will have built in social networking and messaging features, allowing you to share ideas with other users and create your own markets. The system will also be able to provide an easy way for traders to monitor and even participate in markets that are too large to follow with the naked eye.
Cryptocurrencies are like the Internet in its early days. You can think of the Bitcoin market as a kind of testbed.
The system has bugs, and there is no central authority to fix them. But it is also not yet clear how it will work in practice, or what its limitations are. That is why you don’t have to buy bitcoins with dollars; you can do it with dollars or yen or euros or pounds, but not with bitcoins.
Of course, if you know that a cryptocurrency isn’t going to need to be changed, then it’s hard to make money from it. The best way to make money from a cryptocurrency is by being one of the people who gets paid in that currency. So you don’t want to speculate on the future value of a cryptocurrency before it has established itself as a valid currency and has users who use it regularly and reliably.
The most important development in this decade has been the emergence of Bitcoin. Bitcoin is an entirely new kind of money that can be sent from one party to another without any intermediary. It’s a currency without a central issuing authority or single point of failure, and it’s totally anonymous.
Bitcoin is not just the first successful digital currency; it’s also the most compelling technical innovation since we moved from cash to credit cards. And it’s open source: anyone with a computer can become part of the network and verify transactions. That means Bitcoin doesn’t have to rely on trust in a bank or government to work, nor does it have to rely on any particular organization or individual to manage its software.
The best thing about Bitcoin is that it doesn’t require trust in anyone at all–except yourself!
For most of the past 25 years, computers have been steadily getting faster. But if you’ve ever tried to buy something from your computer, it has probably been less than perfectly responsive.
That’s because while computers have improved in speed and memory, they haven’t changed much in their fundamental design. They’re still based on software that runs on a central processing unit (CPU), which sits in front of a monitor and is the physical embodiment of the software running on it. I like to call this CPU model of computing a cum-box, since the word “box” seems more appropriate than “machine.”
It’s about time that computer manufacturers started making computers with brains built in instead of ones attached externally. Imagine: you get a box with all the necessary hardware inside already installed. No need to worry about which cable goes where or how to connect it all together. You just plug it in and go!