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Best place to buy Binance Coin in nz KuCoin is relatively a new crypto exchange platform that got its team assembled in May 2017. The exchange has been performing exceptionally well since its launch without a glitch and is gaining a lot of attractions. The exchange offers to trade in over 451 trading pairs in 207 distinct coins. Its native coin, KCS, offers discounted trading fees while using it. Its exchange platform is regarded as one of the best for beginners due to its easily manageable navigation and UI. 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But what is it about cryptocurrency that has allowed it to provide these unique kinds of value to users and what is it about Bitcoin that is allowed it to not only survive for the past decade other cryptos, where are the digital currencies had failed, but also to thrive to the point where it is grown in value by more than 27,000,000% during that time. The answer is blockchain technology, which was Nakamoto’s key invention when creating a cryptocurrency in 2008, and represents one of the most important scientific discoveries of the 21st century so far. Blockchain is essentially a digital ledger which records all of the transactions that take place between different accounts in a network, and from this list of transactions, it is easy to deduce which users own how much of a given cryptoasset. The key difference between blockchain technology and all other comparable forms of money management that have existed previously is that decentralization is built into the core of all blockchain systems, and it’s decentralization which not only provides ideological benefits to many users but provides practical benefits to all users and allows the system to thrive. Where in the traditional banking system a central bank or other central authority is required in order for all users to be able to know that the system is being managed by someone, this is not the case with blockchain-based cryptocurrencies. Blockchain replaces a central bank with a system of algorithms, mathematics, and computational mechanisms that work autonomously to manage the production, creation, and distribution of the cryptocurrency, and to incentivize users to become involved in the network. 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