Cryptocurrency is becoming very popular, with practically crypto applications for every industry. Do you want to protect your content, files, apps online ? Do you want to earn cryptocurrency for downloads? We will talk about Minerlock and what are the best options for a crypto locker.
Let’s start with the basics : At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transactions by check, wiring, or cash. You can also use Bitcoin (or BTC), where you refer the purchaser to your signature, which is a long line of security code encrypted with 16 distinct symbols. The purchaser decodes the code with his smartphone to get your cryptocurrency. Put another way; cryptocurrency is an exchange of digital information that allows you to buy or sell goods and services.The transaction gains its security and trust by running on a peer-to-peer computer network that is similar to Skype, or BitTorrent, a file-sharing system.
Bitcoin Transactional properties: Pseudonymous: Neither transactions or accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses.
Blockchain tech and applications : Authentication is not enough. Authorization – having enough money, broadcasting the correct transaction type, etc – needs a distributed, peer-to-peer network as a starting point. A distributed network reduces the risk of centralized corruption or failure. This distributed network must also be committed to the transaction network’s recordkeeping and security. Authorizing transactions is a result of the entire network applying the rules upon which it was designed (the blockchain’s protocol). Authentication and authorization supplied in this way allow for interactions in the digital world without relying on (expensive) trust. Today, entrepreneurs in industries around the world have woken up to the implications of this development – unimagined, new and powerful digital relationshionships are possible. Blockchain technology is often described as the backbone for a transaction layer for the Internet, the foundation of the Internet of Value.
We recommend : MinerLock , a revolutionary cryptocurrency locker!
Our PPS (Pay Per Sale) content locker gives sellers the unique opportunity to monetize their content via cryptocurrency and earn Bitcoin. Cashout your cryptocurrency earnings with Bitcoin and earn more money from your products and content. Simple and Easy! See more info on bitcoin locker.
How it works for the seller : Buyer sends cryptocurrency to unique specified wallet address and gets access to the seller’s download once payment confirmed by blockchain. Seller gets credited automatically for all cryptocurrency payments. Seller can then withdraw cryptocurrency amounts directly to their own wallet(s) or exchange all amounts and get paid in Bitcoin only. How it works for the buyer/downloader: The sellers account will automatically be credited the full amount of cryptocurrency (minus tx fees) once transaction has been confirmed on the blockchain. The reason for using a unique wallet address for each user is identify the payment transaction and be able to successfully unlock the file for the buyer. We also use a unique wallet address each time for privacy reasons so no one is able to identify the amount of transactions that have gone to a specified file or link. Each wallet address is unique for your buyer only and automatically changes for each visitor. This helps prevent abuse on the MinerLock Network and provide the stability necessary for your protected content. No one is able to track any activity for your download(s) and protected content using MinerLock.