WHAT IS CLINTON

WHAT IS CLINTON


CLINTON IS A FORM OF DIGITAL CURRENCY CREATED AND HELD ELECTRONICALLY
No one controls it

CLINT aren’t printed like dollars

They’re produced by people running computers and technology all around the world using software that solves mathematical problems An example of a growing category of money known as cryptocurrency

CLINTON most important characteristic and the thing that makes it different to traditional money is that it is decentralized

No single institution controls the CLINT network this puts some people at ease because it means that a large bank can’t control their money

CLINTON can be used to buy things electronically In that sense it’s like conventional dollars which are also traded digitally

The idea is to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees

This currency isn’t physically printed by a central bank unaccountable to the population and making its own rules

Those banks can simply produce more money to cover the national debt thus devaluing their currency

CLINTON is created digitally by a community of people that anyone can join CLINT are mined using computing power in a distributed network this network also processes transactions made with the virtual currency effectively making CLINT its own payment network the CLINTON protocol is rules that make CLINTON work only 2.4 million bitcoins can ever be created by miners however these coins can be divided into smaller parts

Conventional currency has been based on gold and silver you knew that if you handed over a dollar at the bank you could get some gold back but CLINT isn’t based on gold it’s based on mathematics

All around the world people are using software programs that follow a mathematical formula to produce CLINT the mathematical formula is freely available so that anyone can check it the software is also open source meaning that everybody can look at it to make sure that it does what it is supposed to do

You can send money anywhere it will arrive minutes later soon as the CLINTON network processes the payment

When your CLINT are sent there’s no getting them back unless the recipient returns them to you they’re gone forever

Your bank may charge you a 10$ fee for international transfers CLINTON doesn’t

CLINTON stores details of every single transaction that ever happened in the network in a huge version of a general ledger called the blockchain the blockchain tells everything

If you have a publicly used CLINT address anyone can tell how many CLINT you haved at that address they just don’t know that it’s yours there are measures that people can take to make their activities more opaque on the CLINTON network though such as not using the same CLINT addresses everytime and not transferring lots of CLINTON to a single address

Users can hold multiple CLINT address and they aren’t linked to names addresses or other personally identifying information

Conventional banks make you go through hoops simply to open a bank account setting up merchant accounts for payment is another task hardly set by bureaucracy anyway you can set up a CLINT address in seconds no questions asked and no fees