Real (currency)
Real is a cryptocurrency that was created in 2018 to be used as an alternative to fiat currencies. It utilizes the same technology as Bitcoin, but with its own blockchain and consensus algorithm called Proof of Stake Consensus (PoS). Unlike most other cryptocurrencies, Real has no mining involved, meaning there are no miners competing for rewards or transaction fees. Instead, users are rewarded for holding Real tokens; these rewards come from a pool of coins held by the company that issues Real. This means that users who hold Real can earn passive income without having to do any work.
The main advantage of using Real over fiat currencies is its low transaction costs and fast confirmation times – transactions can take place within minutes compared to days or weeks when dealing with traditional banking systems. Additionally, since it is digital currency it does not require physical storage like paper money does. All funds sent via real are secure and private due to cutting-edge cryptographic security measures implemented on the network. Furthermore, all transactions are transparently recorded on the public ledger so they cannot be altered or deleted once confirmed by the network nodes.
Finally, unlike many other cryptocurrencies which have experienced rapid price fluctuations due to speculation and hype in recent years; due to its innovative reward system which incentivizes holders rather than speculators – The value of real has been relatively stable since its launch in 2018 making it one of the more reliable investments among crypto assets .
