What is LEOcoin?
LEOcoin is a newly developed currency that works peer-to-peer. That means that it does not require a main authority issuer, who issues new money or tracks your transactions.
Everything is managed collectively by the network. LEOcoin are created and held electronically. They are a form of digital crypted currency, not controlled by anyone, not printed by anyone, unlike paper money.They are producer by users running computers worldwide, using software that solves mathematical problems.
LEOcoin could be referred as the first example of a growing category of money known as cryptocurrency.
Everything is managed collectively by the network. LEOcoin are created and held electronically. They are a form of digital crypted currency, not controlled by anyone, not printed by anyone, unlike paper money.They are producer by users running computers worldwide, using software that solves mathematical problems.
LEOcoin could be referred as the first example of a growing category of money known as cryptocurrency.
Where can I store my LEOcoins?
LEOcoin can be stored in you wallets. Your wallet stores the private keys which you will use to access a LEOcoin address and spend your funds. Wallets are made for different types of devices or if you are still unsecure, you can always print them to paper thus providing an extra securitiy for them. As always, wherever you store them, allways be sure to keep an extra backup.
Is LEOcoin legal ?
As always everything you do is of interest to the government, law enforcement agencies, tax authorities,... Everybody is just trying to understand how this works and how the
cryptocurrency fits into existing frameworks. If LEOcoin is legal or not will depend on your whereabouts, who you are, and how you are making/spending your funds.
cryptocurrency fits into existing frameworks. If LEOcoin is legal or not will depend on your whereabouts, who you are, and how you are making/spending your funds.