Five advantages of blockchain

Nowadays, there are no payment systems that do not use blockchain in their technology. Central and commercial banks are interested in blockchain technology and apply it in transfers. Why is this solution so effective? Check out 5 advantages of blockchain!

How does blockchain work? Source:

A blockchain is a modern form of database building, that stores information about transactions, authenticity, and correctness of the process. The system contains all information regarding blockchain. You cannot modify them and delete them. Information entered once duplicates, and the database is stored in numerous copies on all devices in a given network.

Five advantages of blockchain

Fewer intermediaries

The payment services industry is very large. Most payment transactions take place through several major players who are not in a hurry to make improvements. Therefore, a lot of intermediaries participate in the payment process: buyer – payment gateway – exchange system – bank of the cardholder. Brokers store information about the transfer of money, terms of their activities, charge for the process and extend it, making it less secure. Blockchain can confirm integrity without the presence of intermediaries. Together with the buyer, sellers transfer money with peer-to-peer payment, and the system saves data on the subject. As a result, the transfer process is short, transparent, cheap and simple.

Fast transactions

Although private sector transactions are quite fast, we can’t say it about cross-national transactions. This process often takes several days, due to the need for cooperating with intermediaries to minimize an occurrence of fraud. Transactions involving blockchain allow cashing flow in a maximum few hours. Furthermore, operations do not require any intermediary, and at the same time, it is 100% safe.

Lower costs

The cost of bank transactions in a specific country is up to 3% of its size. In the case of payment transactions, it is up to 0.5%, cross-border – up to 10%. In the blockchain payment system number of intermediaries is very low. Transaction costs decreased to a maximum 0.1 of its size.


If the system does not have adequate protection, users’ data may fall to an unauthorized person. Moreover, governments use also private information to track citizens. Blockchain technology can introduce a sense of anonymity and security. Also, the system does not need a third party to confirm and verify transactions.

Security level

Not so long ago, in 2016 there was a break-in to Central Bank accounts in Bangladesh. This history confirms that even heavily protected systems can break. This situation influenced the decline of confidence in bank institutions. The blockchain-based platform can help banks to protect transaction information and works quickly – hackers would have less time to act. Each transaction entry is fixed, and its copy goes to each user of the network. Also, blockchain secures two keys – open and private, which is necessary for the transaction. The user account number is associated with the key. Moreover, you can use it only once. It protects against unauthorized transactions.

If you want to know something more about blockchain and cryptocurrency – check out Blockchain in Know Your Customer technology or another of our articles.

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The end of the last year was tough for the cryptocurrency industry. The sad part is that the recession is still progressing. However, FuturoCoin has caught a second wind and is starting to grow.

Soon, we will celebrate the first anniversary of our coin. As it turns out, it’s possible that we will cherish that moment on a very high note.

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FuturoCoin enters the 9th exchange!

We are more than happy to announce that we joined another cryptocurrency exchange. From now on, you can trade FTO with South Korean won (KRW) on Coinchel Cubes.

We wanted to finish the first year of our activity on a high note. We entered DFEX, a Malaysian crypto exchange. Now, we are also enlisted on another Asian platform – Coinchel Cubes.

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FuturoCoin Academy

Education is the key to success!

The cryptocurrency industry isn’t an easy topic. For someone whose life isn’t connected with IT or finances, it may be a hard nut to crack. But one is certain; information is the key to success.

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FTO Available On Another Exchange!

FTO, despite being only one year old, is taking the crypto market by storm. It enters one exchange after another and soon it will available on 10 exchanges across the world. At the beginning of the second week of January, 2019 – FuturoCoin will be available to purchase on Malaysian DFEX.

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Paper Wallet – the old fashion way to collect your money

We cannot tell you that you should not trust new technologies. Of course you should. However, you should be cautious and take care of your assets’ safety. One of the best methods to do that is using our Paper Wallet.

Analog is the new black. It really is. You can also store your FuturoCoins in an analog manner. How to do that? What are the advantages of that? Is it better than others wallets?

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Lightweight Wallet for your problems!

Every cryptocurrency investor wants to deposit his/her assets in a safe and secure place. What if we told you, that such a place exists and it won’t take much space on your computer? Try our Light Wallet!

Crypto assets require a place to store them. This place is called a digital wallet. We’ve decided to create a few of them, so you can choose the best option for your virtual money. On FuturoCoin’s website, you can download three different wallets. Today, we are presenting Lightweight Wallet.

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Deposit money in our Core Wallet!

Are you a FuturoCoin owner? You are not sure where to store your assets? Check out our Core Wallet!

Many people start their trip through the crypto world with a trading mindset. Not many of us think about wallets. That’s wrong! You should know, where to store your coins in the first place. Nevertheless, do not be afraid if you haven’t thought of it yet. We will walk you through the (not so) complicated process of choosing the best deposit for FuturoCoin. Today, we introduce our Core Wallet.

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