Introduction Update in 2024/9/9
Nupaco is a cryptocurrency on the Polygon network. Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
What is Cryptocurrency?
Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets. Currently, there are various cryptocurrencies in the world such as Bitcoin, Ethereum, Polygon, Nupaco, etc.
How does cryptocurrency work?
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders.For example, Nupaco is run on the Polygon network and uses the Polygon blockchain.
What is Nupaco?
Nupaco is a cryptocurrency that is on the Polygon network. Polygon network has high transfer speed and low fee, which makes it suitable for our project. Nupaco is built with long-term plans in mind. This project has been implemented with a complete roadmap, which you can see in the whitepaper or the same section on this page. The long-term plans of this project include regular airdrops, growing and introducing Nupaco to more people and making it one of the top currencies in the cryptocurrency world.
Nupaco's main plans include creating a fast and secure payment gateway, becoming one of the main currencies for in-app purchases, and being accepted by the art community and celebrities as a method of payment. All these things are fully reviewed in the Roadmap and whitepaper.
Warning
Be careful not to be fooled by fake cryptocurrencies with the same name. Click here to copy the original contract address.
Polygon Network?
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon is a Layer 2.
This Network launched under the name Matic Network in 2017. In other words, Polygon, formerly known as Matic network, provides an easy framework for new and existing blockchain projects to build on Ethereum without scalability issues. Using Polygon, users can interact with any decentralized application (DApp) without ever having to worry about network congestion.
Why Polygon?
Nupaco's technical architecture is designed in such a way that it uses the advanced features of the Polygon network and has high security and scalability. The base code is available to the public and its security and stability can be seen. Operating on the Polygon network, it leverages the advantages of low transaction fees, scalability and high transfer speed, making Polygon network an ideal choice for all transactions. These has made this network our favorite.
Therefore, the choice of Polygon network for Nupaco currency is a forward-looking choice and strategy that can be effective in the progress of the project in the future.
How Does it Work?
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets. Transactions including bonds, stocks, and other financial assets could eventually be traded using the technology.
Nupaco is on the Polygon network. Like other popular cryptocurrencies, Polygon works by utilising blockchain technology. Unlike a lot of other popular cryptocurrencies, though, the fees to send Nupaco are extremely small, and the speed by which Nupaco transactions are confirmed is relatively fast.
How to Receive Nupaco?
Follow the steps below to receive and save Nupaco. These steps are also used for other cryptocurrencies.
Steps:
- Download a cryptocurrency wallet application. Our suggestion is Metamask or Trust Wallet.
- Install the wallet and run the app.
- Go to the end of the list of currencies and click on "Manage currencies" or "Manage tokens" or "Add token". This section is different in different apps.
- Click the "Add Tokens" or "+" button.
- Now a page will open. Some information may be different here, but the overall work is the same. First, you set the network to Polygon. Then you enter the Nupaco's contract address in the "Address" or "Contract Address" section. In most apps, by add this address, other sections are automatically filled.
- Click the "Import" or "Add Token" button.
- Now you can see Nupaco in your list of cryptocurrencies. You can view your receiving address or send your Nupaco by clicking on the Nupaco currency.
Danger!
Be careful to download the wallet from reliable or official websites. You may lose your balance by installing fake wallets. For example, you can download trust wallet from the official website.
Note
If the sections are not automatically completed, enter the information as follows. All required items are listed here. You can check these items in polygonscan. Also, you can copy them by clicking on any of the terms.
- Contract Address: 0xd700FC78C0...
- Name: Nupaco
- Symbol: NUP
- Decimals: 18
Is Cryptocurrency Safe?
Cryptocurrencies are usually built using blockchain technology. Blockchain describes the way transactions are recorded into "blocks" and time stamped. It's a fairly complex, technical process, but the result is a digital ledger of cryptocurrency transactions that's hard for hackers to tamper with.
In addition, transactions require a two-factor authentication process. For instance, you might be asked to enter a username and password to start a transaction. Then, you might have to enter an authentication code sent via text to your personal cell phone.
If a platform that exchanges or holds your crypto assets goes bankrupt, there's a risk you could lose all your capital. Similarly, your assets could be at risk if an exchange holding your crypto is hacked by criminals. So it is important to store your assets in a safe place and as far as possible outside of exchanges (in secure wallets).