Bitcoin VS Effect Network
Bitcoin is the first cryptocurrency that was created by Satoshi Nakamoto in 2009 in response to the financial crisis of 2008. It quickly became popular because of the idea which vehicle but also the growing enthusiasm of the community for trading or crypto project. Its success has inspired many other projects such as Ethereum or Ripple. Bitcoin is now considered the mother currency of the entire crypto ecosystem and its price has a huge impact on the entire market.
Cryptocurrencies are digital currencies that use encryption techniques to regulate the generation of units of currency and verify the transfer of funds. Effect is a decentralized network for Artificial Intelligence computational power all around the world. The effect token (EFX) will be used as a payment method in effect’s ecosystem, which includes effect miner, effect smart market and effect cloud services.
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