About Premiere Exchange
Premier Exchange is strategically positioning itself to become a major player in the global cryptocurrency world. Cryptocurrencies such as bitcoin, Ethereum, Montero, litecoin and other future currencies are rapidly changing the business of global commerce. The cryptocurrencies can allow immediate efficient transactions to decrease costs and increase trade.
Cryptocurrency technology is based upon the ‘blockchain’ which is a decentralized software application which uses ‘ledger’ technology for transparency, efficiency and accuracy.
Individuals and companies will rapidly expand into the cryptocurrency world to facilitate “smart contracts” which will improve trade, settle contracts, reduce paperwork and increase the bottom line profitability in a more competitive global environment.
What We Do
The primary purpose of an exchange is to ‘exchange’ one element for another element in a transparent and efficient manner in a global manner. Premier Exchange would handle such exchanges between parties in a seamless, fully-encrypted and accountable manner – earning a modest commission for its efforts on thousands and potentially millions of such exchanges each and every day on many national currencies and hundreds of cryptocurrencies which can range from the widely used bitcoin to more esoteric and specific use cryptocurrencies.
Cryptocurrency
Cryptocurrency is in essence a type of digital asset. The word “crypto” is derived from the word “cryptography” which is a Greek word with the original meaning of the ‘practice and study of techniques for secure communications in the presence of third parties.” In other words, a secure and encrypted transaction. The second part ‘currency’ references its utility to be used like a currency or medium of value in an exchange.
BitCoin
Bitcoin is probably the most widely known cryptocurrency but certainly not the only one. A Bitcoin is a software file stored on computers across the world. A bitcoin acts as a ‘ledger’ (just like in bookkeeping or accounting) of a series of transactions. A series of these transactions are called ‘blockchain’. Individuals and companies can move balances of a cryptocurrency to other individuals and companies if they have the passwords or private keys for the transaction. In essence, it’s a bit like sending money through PayPal. One transaction ‘links’ with the next transaction in a series so each ‘block’ weaves together in a long chain. Hence the term ‘blockchain’
Blockchain
A Blockchain is basically a database. A very big database on a global scale. Each transaction is stored in a ‘block’. These blocks are linked together through cryptography (which means encryption safe from third parties) which is similar to transferring money in your banking account – but in a unique manner with the blockchain. Blockchain is a decentralized database which means that it is replicated and stored on hundreds if not thousands of computers across the world. All encrypted and all interlinked. Why? It’s called “Decentralization”
Decentralized
The decentralization decreases the possibility of hacking – further increasing its secure nature. Bitcoin, for example, is not hosted on a single computer or a single company’s computers. Like many (if not all) cryptocurrencies, the coin itself is hosted on many computers. In other words, the coin itself is ‘distributed’ over these many computers. The coin itself requires no middle-man like a bank or government. The process is setup on computers operating on algorithms .
THE FUTURE OF CRYPTOCURRENCIES
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” [Source: Bloomberg]
“Bitcoin is a technological tour de force.” [Source: FoxBusiness]
“Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.” [Source: Bitcoin.com]
“Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” [Source: CNBC]
“When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.” [Source: Learning Bitcoin]
“[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.” [Source: Newsbtc.com]
“In the long term Bitcoin moves above $500,000 within three years. Bets?”McAfee tweeted on 17 July 2017. In his reply he added that if it doesn’t: “I will eat my d*ck on national television.” [Source: RT.com]
“It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.” [Source: RT YouTube]
“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.” [Source: Wikipedia]
“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.” [Source: Cryptocoinnews]
“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
“When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant.”
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”
“Bitcoin is the currency of resistance… If Satoshi had released Bitcoin 10 yrs. earlier, 9/11 would never have happened”
News & Events
Bitcoin News
- US Senate Votes to Overturn SEC’s Controversial Crypto Rules — Biden’s Veto Threat Looms May 16, 2024The U.S. Senate has voted to overturn the Securities and Exchange Commission (SEC)’s controversial SAB 121, which imposes regulatory burdens on digital asset custodians. The resolution also passed in the House and now faces a veto threat from President Joe Biden. Last week, the White House issued a statement: “If the President were presented with […]Kevin Helms
Bitcoin Magazine – Bitcoin News, Articles and Expert Insights
- The Great Script Restoration: A Path Forward For Bitcoin May 16, 2024Why, despite the rather large scope of the proposal, Rusty Russell's Great Script Restoration might be the path forward for Bitcoin's development.Shinobi
Visual Capitalist
- Mapped: The 10 U.S. States With the Lowest Real GDP Growth May 16, 2024In this graphic, we show where real GDP lagged the most across America in 2023 as high interest rates weighed on state economies. The post Mapped: The 10 U.S. States With the Lowest Real GDP Growth appeared first on Visual Capitalist.Niccolo Conte
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
- Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin May 16, 2024The stock was the second worst performing among crypto stocks on Thursday.Helene Braun