As of now, a new cryptocurrency is provided to the wider public which is known as RECO and defines as a “reference line coin” as reported by Newsbitcoin.com.
In addition to the above, it is the premiere virtual currency to provide the attributes that enable an encrypted reference line when making transactions send to the recipient, as indicated by Newsbitcoin.com.
According to Christia Kassler, developer of the RECO and Co-owner of CAD-KAS Computer software Gbr, this is a special and latest creation of a digital currency. He further emphasizes that they wanted to establish a unique digital currency, that was blockchain base and backs transactions that have reference lines, according to a news media outlet.
The reference line can be left blank of course, nevertheless, he argues that it is resourceful at times when the lines consist of the sender from where the money originates or information that resembles as mention, as indicated by Newsbitcoin.com.
Furthermore, Mr. Kassler also mentioned that his digital currencies consist of a distinct, latest and very opportune technology than any other digital currency owns. He also stressed that this virtual currency is the “only one” that permits an encrypted reference line to be given to the receiver including with the operation, as indicated by NewsBitcoin.com.
RECO can be purchased and sold on the latest German-language trading platform. Additionally, just about 840,000 RECO coins are mined each month, as reported by Newsbitcoi.com.
According to the news outlet, NewsBitcoin.com, the name cryptocurrency derives from the fact that these coins are protected by the strict application of cryptography. The blockchain is referred to as the technical basis. Therefore this means that each transaction is summarized in a data block and connected to the blockchain.
In addition to the above, the hash worth from the previous dataset is stored in the subsequent one, each time, according to NewsBitcoin.com.
A computer-technology term known as Hash value can be described as an alphanumeric value in the area of cryptography, as indicated by NewsBitcoin.com. Additionally, the distinct attributes of this mathematical function are that it shows a series of characters of any length desirable on a series of characters with a length that is constant, as reported by NewsBitcoin.com.
In conclusion, the cryptocurrency and blockchain are safeguarded against any following manipulation by any individual, as a result of this cryptographic chaining, as indicated by NewsBitcoin.com.