Nora Cryptocurrency

To be able to call a currency as cryptocurrency must have certain conditions, the most important of which are:

1. Be Digital:

Nora's cryptocurrencies are not physical in nature; they are only defined in computers and cyberspace. So there is no bank for produces coins or banknotes.

2. Be Decentralized:

Nora's cryptocurrency is not stored on a server or central computer and deployed on a network of multip computers. For this reason, these types of networks are called decentralized (which is a word versus centralized). {Given the tendency of centralized systems to seize power and move towards corruption, decentralized systems now appear to be a reasonable solution to these problems..}

3. Be Peer To Peer:

With Nora's cryptocurrency, any one have Nora Token can do their financial transactions directly in the designed blockchain network without any real or legal intermediaries.

{Traditional banking systems and other existing platforms are considered as trusted intermediaries by both parties to make our transactions in a so-called secure environment, but the problem with these systems is the cost of their services, in addition to being centralized. We must pay for this trust, as well as obey the laws they set. This type of trust-based system has obvious disadvantages; for example, any bank can, for any reason (political, social, economic or even personal) block your account and block your assets. Or discontinue the services it previously provided. Alongside these, the long and time-consuming queues of banks are also worth mentioning!}.

4. Be metaphorical:

This means that you do not need to be authenticated to use Nora's cryptocurrency. No laws based on nationality, skin color, gender, etc. There is no way to determine who can or cannot use them. cryptocurrency is for everyone.

5. No Need To Trust:

In Option 3 we talked a little bit about brokers. But the other point is that in systems without a cryptocurrency-based system, the system does not require the authentication of a center and entity; it can live independently and function properly. Because the nature of the system is such that individuals need to help each other to collaborate and use it, so that it is intertwined with their personal interests, thereby reducing the movement against the interests of the system and the individual himself. Users are thus the primary owners and responsible for their own assets and information.

6. Be Encrypted:

As the name implies, cryptocurrencies are encrypted and assigned to a specific code for each user; this prevents other people from accessing their personal information. Hacking them is difficult and sometimes impossible. As a result, they are more secure than current systems.