About Centrality (CENNZ)

Overview

Centrality (CENNZ) is a venture studio created by Aaron McDonald right here in New Zealand. The team is dedicated to partnering up with leading innovators to create a marketplace of applications. These applications allow business and consumers to manage everyday tasks and experiences through the use of peer-to-peer transactions. Centrality has a growing ecosystem of real-world applications with active users. As the user base grows, Centrality aims to become the primary marketplace powering real businesses and their customers. The decentralised applications (dApps) built on Centralities platform will work together seamlessly to connect and engage business and consumers with all experiences throughout the day.

Technology

The Centrality platform creates a foundation for dApps. Developers create dApps built on the Centrality platform and benefit by receiving an allocation of tokens issued by the dApp for delivering the core technology and ecosystem. Each dApp uses the CENNZ token to purchase modules for the application, store data, content, and merchants, all within the same ecosystem. Various dApps trust each other through the use of smart contracts and therefore work together to acquire users, data, merchants and content. Each dApp is focussed on creating its business, while Centrality concentrates on powering the core technology and design.

Future Focus

Centrality wants to provide a platform where applications can help each other by connecting users to relevant services across the ecosystem. The cost of scaling is minimised as DApps share the marketplace of services, merchants, content and users. "Our vision is to grow an open ecosystem of digital services that consumers can easily explore and find value in while giving developers an open and sustainable platform to develop, deliver, and enhance those services and attract users." For more information regarding Centrality visit the official site and Whitepaper.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

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Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

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