For secure and transparent transactions we use decentralized blockchain transaction technology
Send and receive payments anywhere in the world extremely-fast and cheap.
To ensure the scarcity of coins, there will only be a maximum supply of 42 million coins.
Unless the owner would want to reveal their identity the origin of the transactions is completely anonymous.
A total of 10,000 XAC will be distributed via our bounty program
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Campaign 3: Media, Videos & Blog Posts 50% / 5,000 XAC
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AcuteCoin was born to not only offer great potential of profit to investors in multiple ways. AcuteCoin is an open source, decentralized cryptocurrency, working on a peer-to-peer network. Our mission is to help people protect and increase their assets safely and sustainably while they connect and help others.
Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.
By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you may not access the Service.
You agree not to post, upload, display or share content that we believe there is risk of physical harm or direct threats to public safety. Such content will be removed immediately and such member’s account will be suspended for further activities on the community portal. We are opposed to any form of bullying or harassment.
This means that, we allow you to speak freely on matters and people of public interest but remove content that purposefully target private individuals with the intention of degrading or shaming them.
We prohibit the use of AcuteCoin community to facilitate or organize criminal activity that causes physical or financial harm to individuals and businesses.
We do not allow you to use AcuteCoin to sell or purchase regulated goods on our platform. If you post an offer to purchase or sell firearms, alcohol, tobacco or adult products, we expect you to comply with all applicable laws and carefully consider the audience for that content. Repeated abuse of this will result in a ban to the site and community portal.
The service is available only to individuals who are at least 18 years old. AcuteCoin may, in its sole discretion, refuse to offer the service to any person or entity. The service is not available to any users suspended or removed from the AcuteCoin community – their balances will be locked and they will be required to withdraw Coins/Funds deposited or earned on the platform immediately. To re-activate a suspended account, we may ask for a valid reason to revoke suspension of AcuteCoin services.
There are certain AcuteCoin web pages, and services, are available only to members who have been authorized by us to access those services and web pages.
People use AcuteCoin to share content and to raise awareness about AcuteCoin cryptocurrency. However, we may remove certain kinds of sensitive content for safety of AcuteCoin community. It is the content that directly attacks people based on their: race, ethnicity, national origin, religious affiliation, sexual orientation, or serious disabilities or diseases.
People can use AcuteCoin to challenge ideas, innovations and technology. Such discussion can promote debate with greater understanding and is encouraged.
Neither this website nor any of its contents shall constitute a recommendation, solicitation or offer to buy or sell any securities, assets or other financial instruments or provide any investment advice or service. The information contained in the Site has been prepared without reference to any particular User's investment requirements or financial situation. All users should be aware of the inherent risks existing in trading and investing.
The information and services provided on the Site are not provided to, any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules or regulations of any governmental authority.
You acknowledge that you are not relying on the AcuteCoin or any of its affiliates, or consultants in making an investment decision. Always consider seeking the advice of a qualified professional before making decisions regarding your business and/or investments.
AcuteCoin does not endorse any investment and will not be responsible in any way for any transaction you enter into with other members. You agree that the AcuteCoin and its affiliates, or consultants shall not be liable for any loss or damages of any sort incurred as a result of any interaction between you and other AcuteCoin members.You understand that transactions are irreversible and that accidental transactions may not be recoverable.
We work hard to help keep your account secure and protect your personal information. By joining AcuteCoin community, you agree to use your authentic name and identity on all private records maintained by the System. You may not publish the personal information of others in public view. If we discover that you have multiple AcuteCoin accounts, you will be asked to remove them or face suspension. This is to prevent Sybil Attacks and abuse of the System in general. AcuteCoin is not responsible if a user cannot access his account, temporarily or permanently, due to technological difficulties. AcuteCoin is not responsible for any loss that a user could suffer due to a technical failure or a hacking incident that would affect the AcuteCoin System.
We work hard to ensure that the information you share is secure. We investigate any suspected breach of security, including fraud activities.
You can sign up only one account on AcuteCoin website at: https://acutecoin.io by using your email address. Make sure that you activate your account to fully use AcuteCoin website at: https://acutecoin.io.
The interest from AcuteCoin lending floats over the time and is exclusively decided by the volatility software and AcuteCoin Trading Bot. User must understand that the volatility and the unpredictability of the price of cryptocurrencies can result in a significant loss in a very short period of time. In lending, user understand that there is no guarantee of daily profit and that there is no guarantee of the investor’s capital in situations of system failure AcuteCoin has the right to change its lending algorithm, the interest payment and capital back system as well as has the right to implement new rules of paying interest and capital at any time suitable for the sustainability of the System. Users understand that they cannot request for any capital back prior to the end of the plans term that they have selected. To receive referral commissions from the lending program, user must have at least one active lending plan in their account. If there is no active plan, all lending commissions will be forfeited.
We insist that you do not use Acutecoin BTC/ETH Deposit Address as your withdraw address. If so, you may lose your money on the BTC/ETH network and we cannot help you to get it back.
All remarks, discussions, ideas, concepts, opinion, techniques, graphics or other submissions communicated to AcuteCoin and its members will be considered as property of the System and retained for record and research purposes. The AcuteCoin System is entitled to use any Submission for any purpose, without restriction or compensation to the individual or group who has provided the Submission, unless there was previous agreement being made between the System and the member or the group.
AcuteCoin is a community of people with aim to make AcuteCoin among the main payment systems in the world. This is a platform for you to share and to raise awareness about AcuteCoin to the general public.
You own all of the content and information you post on AcuteCoin. However, before sharing content on AcuteCoin, please make sure that you have the right to do so. We ask that you respect copyrights, trademarks and other legal rights of external content creators and obtain permission before reposting here or better yet, link to it and discuss the content and ideas here explicitly.
The AcuteCoin community is growing every day, and we strive to welcome an environment that is free from abusive content. To do this, we rely on people like you. If you see something on AcuteCoin that you believe violates our terms, please report it to us. We review things you report to make sure AcuteCoin community remains safe. If any local or Federal Government agencies request that we intervene to remove content, we may comply. This occurs after our own legal review and only if we agree through our own determination. If the content in question is determined to be illegal, we shall place location restrictions to the relevant country or territory.
The materials appearing on the Site may sometimes include technical, typographical, or photographic errors.
The System does not warrant that all of the materials on its website are accurate and complete. Or current if you see something on AcuteCoin that you believe erroneous, please report it to us and we will correct it right away.
We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material we will try to provide at least 3 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion.
If you have any questions about these Terms, please contact us at: [email protected]
Bitcoin is a digital currency – a cryptocurrency – similar to the former US Gold Standard currency except it operates like its own Internet and is the first decentralized global currency. They can easily be exchanged for goods, services and other currencies.
Bitcoin is more than just a standard currency and as such, it should be thought of in light of:
Irreversible: a transaction cannot be reversed after confirmation. This means that after you confirm a transaction, no one can help you reverse it – not your miner, not your banker, not the president of the US not even Satoshi can reverse it for you. There is no safety net so if you send to a wrong wallet or to a scammer, then you’ve lost whatever you sent.
Pseudonymous: there are no real world identities attached to accounts or transactions. You receive bitcoin via addresses, which is made up of 30 randomly seeming chains of characters. It is impossible to link those addresses with the real world identities of the owners even though the transaction flow can be analyzed.
Fast and global: transactions carried out are confirmed almost instantly and because they occur in a global network of computers, our location bears no significance. The same process happens irrespective of if I send bitcoin to my next-door neighbor or if I send to a stranger in the other side of the world.
Secure: only the owner of the public key cryptography system where bitcoin is locked can have access to the bitcoin and possibly send from such account. The scheme is unbreakable thanks to the strong cryptography and the magic of big numbers. To paint an image; a Fort Knox s not as secure as a bitcoin wallet.
Permissionless: you don’t need to seek permission to use cryptocurrency. It’s something that is open to everyone who cares to use. It’s a free software that you can install, after which you can receive and send bitcoin to other digital currencies and no one can stop you.
Bitcoins are from an open-source computer-mining program - similar to that of the lottery system – that yields a commodity like gold.
Below are brief explanations of how the terms “lottery” and “gold” are applicable to Bitcoin mining.
“Lottery” simply implying that your computer is trying to beat every other computer on the network to decipher a large number. 25 BTC is awarded to the miner or group of miners that complete the process before any other system on the mining network. Note that this kind of lottery is a lot more difficult than the regular lottery thus a faster mining system would mean more reward. After every 4 years, the reward for miners is reduced by half thus making bitcoin a finite creation.
“Gold” just like there are only X amount of gold that can be discovered here on earth, only 21,000,000 Bitcoins will ever be created. As time goes on, the value of bitcoin will increase because of its finite supply while the traditional currencies tend to lose value as time goes on.
Without getting too technical, bitcoin is just like a very big public ledger (blockchain) where every transaction done everywhere in the world. These transactions- once completed – are recorded in blocks and visible to everyone on the system. All users are made aware of a transaction in this system and this prevents double spending and stealing. This increases the trust of blockchain users. Bitcoin is more or less the love child of Gold, dollar and visa.
There is no central money authority with bitcoin unlike other traditional currencies that are regulated by Central banks. Bitcoin operates on a blockchain, which is an open source transaction ledger. Once a new block is mined, the transaction data is withheld in the blockchain and confirmed. The blockchain is then downloaded by every single wallet; making the transaction irreversible. To ensure anonymity, every transaction information is encrypted but there’s little room for improvement in this area.
Bitcoins are created mathematically when computers solve extremely difficult tasks known as bitcoin mining. Bitcoin mining was designed such that it becomes a lot more difficult to mine as time goes on. Possible bitcoin mining is pegged at 21 million. This implies that the central banks have no means of devaluing the bitcoins in circulation; neither do they have the power to flood the market with new bitcoins.
Bitcoins are stored on wallet, which is provided by the bitcoin network and serves as a bank for the user and allows the transfer of bitcoin from one user to another. There are a number of ways a wallet can be stored. They include:
Bitcoins are just like cloud money because they are stored in a blockchain. You can exchange them through a wallet or service provider at any time.
Mining, also known as processing ensures that the bitcoin process remains secure by chronologically adding new blocks to the chain and making sure they are in a queue. As each transaction is concluded, blocks are chopped off, codes are decoded and bitcoins are exchanged or transferred.
Also, miners can solve cryptographic problems and generate new bitcoins in the process. This serves as an effective approach to issue currency as well as an incentive to miners.
The reward is an amount, which everyone in the network agrees to but generally, it is 12.5 bitcoins plus the fees paid by the person sending the bitcoin. The number of BTCs has been pegged at 21 million in order to prevent inflation and ensure the system is properly managed. The puzzle for mining bitcoin becomes harder as the years go by and the reward keeps getting halved every 4 years.
The value of bitcoin keeps changing as more of it is mined. Holding onto these coins enable them gain value over time especially with more and more people joining the revolution. The fact that time and money was put into creating this digital currency, it ticks the initial value of currency hence the years of hard work, innovation and energy production.
Imagine you are the miner: you come p against millions of people all over the world to invest time, money and brainpower into mining the coins. It only makes sense that you get rewarded for it. While everyone intends to get back their capital and some profit on every investment, people began exchanging bitcoin for different commodities and traditional currencies. This serves as the basis upon which people outside crypto mining now have the opportunity to exchange bitcoin hence the ever-growing networking effect.
Now more people who aren’t bitcoin inclined are exchanging a lot of cash for bitcoin and wondering what on earth they are going to do with it.
Bitcoin is just like gold! Some see it as the gold of the Internet. People will keep investing in it as long as they believe that there is value in it. The fact that bitcoin has no central control means that it cannot be manipulated by corrupt bankers and politicians.
People are gradually losing confidence in the conventional legal tender like USD and EUR because of the recurrent problems we see in the world economies. Governments have demonstrated time and time again that they can freeze your bank accounts; bitcoin ensures that never happens. Imagine stuffing money away, somewhere only you can reach and even better, you can access it from anywhere.
It is not easy for a beginner to wrap his/her head around bitcoin and cryptocurrency. It’s like having to explain the Internet to someone that lived in the 60’s. While they might think they understand what you’re saying, they may never truly understand it until they experience it firsthand. Cryptocurrencies like bitcoins aren’t going anywhere so feel free to dive in. it may be difficult to know what the world will be like ten to twenty years from now but with the promise currently being showed by cryptocurrency, I am excited for what the future holds.
In my opinion, whomever Satoshi Nakamoto is, he is definitely a genius and a humanitarian.
You can go through the official white paper released by bitcoin if you wish to get a more technical view of what Bitcoin really is and how it works.
I’d recommend Coin base of beginners within the United States because they offer ACH bank transactions and a very user-friendly interface. Also, at this point in time, it is the most heavily funded bitcoin company and works just like every other typical exchange except, it trades bitcoin easily and securely via the Internet.
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