Frequently Asked Questions

Bitcoin is an universal digital currency on WorldWideWeb not controlled by any centralized agency such as banks or governments. Because there is no centralized agency, the cost of conducting a Bitcoin transaction is far less than that of any other electronic payments. Bitcoin is sent and received through Peer-to-peer (P2P) network. Every transaction is encrypted and recorded publicly in a distributed ledger to ensure accuracy. Bitcoin is an inexpensive, safe, and fast financial protocol compared to credit cards or wire transfers.

Bitcoin transactions are recorded distributively in a public ledger, therefore every transaction needs to be verified and stored into the public ledger by computing power. Miners are the providers of the said computing power. Miners help ensure the proper operation of the network and receive Bitcoin as reward in return. The process of maintaining the network is therefore called Bitcoin mining.

Bitcoin is stored using a pair of public and private key (both are a stream of numbers and alphabets). Public keys are used to derive Bitcoin addresses, which can be shared publicly to receive Bitcoin payments with. Private keys are used to withdraw fund from Bitcoin addresses, and are usually stored in a secured place.

Crowdfunding and Blockchain are elements of FinTech. It has started to prevail for digital asset startup to raise funds through crowdfunding or for crowdfunding platform to adopt blockchain technologies. Crowdfunding is a path to source funding from the general public either for a particular project or a company. Currently, most of the crowdfunding projects are conducted through a third-party medium. This type of service platform is an alternative outside of the conventional financial system. In short, a crowdfunding has three major elements: project initiator, project investor, and crowdfunding platform.

A blockchain is a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.

Is an ethereum based cryptocurrency which are designed to grow like the rest of the virtual tokens. But Aguila Token has real asset programs which is not available on most tokens.

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