eFiat Price

About eFiat
About eFiat

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. Blockchains are auditable, unalterable and cryptographically secured global ledgers distributed and shared over the global infrastructure.

Bitcoin was created as an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.” However, Bitcoin, as well as many other crypto-currencies, has two major flaws in fulfilling a money’s function in economics:
  1. limited money supply
  2. volatile price swings
Therefore, the eFiat team is formed and we want to develop a cryptocurrency that is based on blockchain. We are a group of technology enthusiasts from Hong Kong who have been FinTech pioneers with successful achievements since 1999.

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