Frequently Asked Questions

What is Itasecoin ?

Itasecoin is an open source decentralised cryptocurrency that enables instant, near-zero cost payments to anyone in the world. 

What do you mean by "decentralised" ?

Itasecoin ​is not and can't be run by any individual company or person or government. The network operates according to rules agreed by consensus.

What do you mean by "cryptocurrency" ?

A cryptocurrency is a digital currency that is secured by cryptography, in contrast to conventional currencies where they are secured by a government or governments.

Who does run Itasecoin then ?

Everyone does equally run the Itasecoin network. The developers can release new software, but the community have to choose to use that software. That community includes not just the end-users, but miners, exchanges, payment processors, etc.

Can i exchange itasecoins for dollars or any "traditional" currency ?

For now, Itasecoin is not listed on market cap and exchanges platforms, we are seriously working on it. Eventually, you can trade your itasecoins for dollars with other people by posting ads.

How can I contribute to the project ?

Just talking about Itasecoin around you contributes to the continuity of the project! But the project also expects people from all over the world: developers, influencers, miners, and of course end-users! When you hold a wallet, you contribute to the strength of the network, to the famous consensus.

What do you mean by "consensus" ?

A consensus algorithm is a set of rules that govern a blockchain network. The Itasecoin blockchain works with proof-of-work consensus algorithm.  

What do you mean by "proof-of-work" ?

It is called "proof-of-work" because it requires some work, usually data processing, from the nodes (miners) of the Itasecoin network.

What is a miner ?

This is a special group of Itasecoin users called "miners" who perform transaction validation on the blockchain. The miners downloaded the entire Itasecoin blockchain and decided to run it on powerful computers.
These users (nodes) of the Itasecoin network are called "miners" because they verify and prove the correctness of a transaction through a process called "mining", similar to the calculation of a complex mathematical problem.
Each miner aims to be the first node to create a new block in the blockchain and prove that they are the one who did the required work (hence proof-of-work). Once the entire network has verified a transaction, a new block is added to the existing blockchain and the miner receives a reward.

What is a node ?

A node is a computer connected to other computers that follows rules and shares information. In short: a node is a machine running Itasecore !
A "full node" is a computer in the Itasecoin network that hosts and synchronizes a copy of the entire Itasecoin blockchain: they are essential for the proper functioning of the network.

Is Itasecoin an organized scam ?

No, Itasecoin is not a scam. Through this project, we simply want to create an alternative to existing cryptocurrencies, while creating a new community dynamic around common values.

Prove it.

No problem, ​prove to me that Litecoin, Dogecoin, are not scams or designed with malicious intent. Moreover, the project is completely open-source, even the baker in your neighborhood can contribute to Itasecoin. I'm just trying to make this world a better place, and I strongly believe in the future of cryptocurrencies in our daily lives.

You conviced me. How to get Itasecoins ?

There is many ways to get your first Itasecoins. First of all, you can be a miner, see this page. The only one Itasecoin developer (me) is actually giving away Itasecoins each week. To register on these giveaways, see this page. You can also trade Itasecoins with other people, but beware of scams. In the future, you will be able to exchange dollars or any "traditional" currency for Itasecoins. We are seriously working on it, we just need a strong community.