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Polish cryptocurrency - does it exist?

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Tokeneo
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3 min reading

The adoption of cryptocurrencies and blockchain technology is an increasingly common process. Is there a Polish cryptocurrency? Find out more about it!

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Polish cryptocurrency

It is worth mentioning at the beginning that in the age of today's new technologies, there is a trend to create your own cryptocurrencies in every corner of the world. It should be emphasized that Polish cryptocurrencies can also be found among thousands of other digital currencies. The promising future of developing and disseminating information related to cryptocurrencies makes the world increasingly dominated by new technology. It can be said that Poland, despite the lack of legal regulations on virtual currencies, does not inhibit its activities in the participation in the creation of cryptocurrencies. Below are those that have not gained the greatest popularity in the world so far, but it is worth watching their development - in particular, one of them - the Golem.

The Golem Project (GNT)

First of all, the Golem project (abbreviation: GNT), founded by Julian Zawistowski, should be mentioned. Golem is also known as a cryptocurrency supercomputer. The goal of GNT was to create a decentralized open source node for users, which means it would be an open source code. The essence of the project is to ensure that the creation of the GNT would reduce spending on research and analyzing detailed data.

The whole would reduce the energy devoted to these activities, as well as reduce the time spent by the entities involved. What's more, GNT enables the development of newer and newer programs using the programming sphere, thanks to which expenses are reduced, and is also a safer form of developing new programs. GNT is thriving in rewarding users who have sacrificed computing power against the design. Details about the project can be found on the official website: www.golem.network.

Polcoin (PLC)

A less popular cryptocurrency is the so-called Polcoin (abbreviation: PLC), which is the first Polish cryptocurrency established on the market as early as 2014. It is based on the same algorithm as Bitcoin. The main assumption of Polcoin was to increase its value through a system of limiting the supply with increasing demand. The future of the Polish cryptocurrency was promising, but in recent years it has not gained popularity, especially on the global market, where it has not gained much publicity. Despite the promising future for users, the possibility of eliminating payment intermediaries such as banks, the Polish currency did not achieve significant success.

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