Nobility is a cryptocurrency that operates on the Ethereum blockchain with the goal of revolutionizing the way people transact and interact online.
We aim to create a peer-to-peer system that will allow for more trust, transparency, and accountability in your daily transactions.
This article will give you a brief history of what Nobility Cryptocurrency is and how it works.
The History Of Nobility Cryptocurrency
Nobility Cryptocurrency is the brainchild of an ambitious young entrepreneur who has had multiple projects go viral.
He was inspired to create Nobility when he saw how much waste there was in the cryptocurrency industry despite all the technological advancements.
Being an environmentalist at heart, he decided that it was time for him to create a coin that would have a positive environmental impact while still addressing major issues in today’s current financial system.
Nobility Cryptocurrency has a total of 100 million coins that will ever be available for purchase on the market.
However, 50 million coins will be “recycled” and burned over time as they are used to stake new transactions.
This will decrease the value of Nobility Cryptocurrency over time and great support investors who hold their Nobility Cryptocurrencies off-market.
Since 50 million coins are “burned,” this means that only 50 million will ever be available for purchase on the open market at any given time.
The Proof-of-Stake Consensus Algorithm
Nobility Cryptocurrency utilizes its Proof-of-Stake consensus algorithm as opposed to Bitcoin’s Proof-of-Work.
This means that the only way to receive transaction fees on Nobility is by staking your coins.
However, unlike other Proof-of-Stake cryptocurrencies that force you to keep your wallet open at all times to receive transaction fees, Nobility Cryptocurrency allows you to collect your transaction fees as long as the coins in your wallet are over a certain age.
This means you will still be able to process transactions and send funds without having to keep your wallet open 24/7.
The Transaction Fees
Transaction fees on all cryptocurrencies can add up when you send funds to multiple wallets or when sending larger amounts.
This is why we implemented a small fee for every transaction. The current fee on Nobility Cryptocurrencies is 0.1%.
Nobility Cryptocurrency has its own official wallet. It supports Windows, Mac OS X, and Linux operating systems. You can download the wallet directly from our website.
Where to Buy Nobility Cryptocurrency
Nobility Cryptocurrency can be bought on CoinExchange. We will try to get it listed on other exchanges to provide more options for purchasing Nobility.
Benefits Of Nobility Cryptocurrency
Nobility Cryptocurrency offers many benefits to its users.
All transaction fees on Nobility Cryptocurrency go back to its stakeholders. In the future, we will try to get a debit card to use your rewards from staking your coins to pay for bills and daily expenses.
2. Fast Transactions
With a 2 minute block time, our transactions are the fastest in the market. Processing times will be even faster with 30+ second block times in future updates.
Processing speeds will also depend on how many people and wallets stake their coins at any given time (average transaction fees will increase if more people start staking).
This is where the real power of Nobility Cryptocurrency comes in. Staking your coins will allow you to receive 2% interest per year on all your coins.
You can also stake an unlimited amount of coins, even if you own only one coin.
All transactions are private by default. Transaction amounts are not sent to the blockchain but can be optionally made public if required.
Nobility Cryptocurrency utilizes the latest security features to keep your funds safe.
This means that even if someone were able to gain access to your machine and steal your wallet file / private keys, there is nothing they could do with them.
6. Responsive Development Team
Nobility Cryptocurrency has a very responsive development team that is always willing to communicate with its users.
Nobility Cryptocurrency is the only cryptocurrency to offer all these features in one package.
Nobility Cryptocurrency offers many benefits to both its users and its developers.
We hope you make the best decision when deciding which cryptocurrency to invest in, and we appreciate all your support!