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ApeCoin is a digital or virtual currency that uses cryptography for security. ApeCoin is not controlled by any central authority and it relies on peer-to-peer technology to function.
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Everything You Need to Know ApeCoin! ApeCoin is a digital or virtual currency that uses cryptography for security. ApeCoin is not controlled by any central authority and it relies on peer-to-peer technology to function. ApeCoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted ApeCoin as payment.
ApeCoin is an open-source project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
ApeCoin is a decentralized currency which means it is not subject to government or financial institution control. ApeCoins are transferred directly between individuals with no need for a third party. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. ApeCoin is unique in that it is the first digital currency to use ape sounds as its primary means of communication. ApeCoin also has a unique distribution method that encourages apes to hoard the currency.
Apes have been known to be intelligent and social creatures. They are also very curious by nature. The ApeCoin project aims to harness these qualities in order to create a digital currency that is both fun and functional. ApeCoin is still in its early stages of development and there is much more to come. So stay tuned and keep your eyes peeled for updates!