Ethereum is a platform designed for Smart Contracts. Let us simplify that for you.
If you want to send the value of something to another, you can do so using the bitcoin software and the network of nodes (high capacity computers) can validate or invalidate that value. What makes these contracts ‘smart’ is the use of ethereum which allows users to write their own programs autonomously.
At this point, it’s critical to know that ether is mined to help pay for the cost of running these complicated, dense systems. It’s a fuel source, if you will, to pay a transaction fee of sorts. This is why mining for ether is a critical component of our business. Now, back to business…
With the aid of ethereum, a smart contract code is sent when another contract or user sends it a message with sufficient transaction fees. In all, smart contracts can manage agreements or transactions between users or groups of users, maintain records, serve as a multi-signature on an account, and more within government, corporations, and among consumers. So, instead of being restricted to the currency use case of bitcoin, smart contracts can do more in a secure, creative, customizable way.
As Seth Godin once said, “Tenacity is using new data to make new decisions to find new pathways to find new ways to achieve a goal when the old ways didn’t work.”
Telemarketers are persistent, Suntex is tenacious. The distinction is critical.
Innovation is driven by the tenacious spirit of our team. It takes intellectual tenacity to be entrepreneurial. We’re working in a very focused yet open-minded manner to build Suntex to exceed goals. With the support of premiere strategic partners, we will do that.
Please visit this website often to learn about our latest developments. Thank you for your support.
Cryptocurrencies are a type of ledger technology. Distributed ledger tech is, very simply, records and transactions stored on computer systems that are constantly verifying contents of the ledger, over and over again, simultaneously. If, at some point, the final copy of the ledger on one computer is different from another, it will split into two separate ledgers which is a process referred to as ‘forking’.
Rewards are incentive mechanisms that come in forms of token payouts based on what that ledger manages. The process of generating and rewarding new cryptocurrency is referred to as ‘mining’. In around the year 2040, there will be about 21 million bitcoins, a quantity established by established protocols. The year 2040 is estimated because it takes roughly 10 minutes to process each blockchain with a node.
What is a node, you ask? Well, it’s a high capacity computer that uses the bitcoin software and participates in the relaying of information at a high cost of storage space and energy so don’t plan on using your personal computer to manage much!
Cryptocurrencies can be hosted on a cryptocurrency website with a virtual wallet – even interest can be accrued. With the world just recently embracing the concept of cryptocurrency, potential of how it can be used is slowly percolating and we’re finding that potential is endless.
We realize the cryptocurrencies markets are a fast-growing, ever-changing enthralling industry with endless opportunities. Discovering and developing new innovations that will help service the industry, to include all involved participants, is essential for a actively innovative company designing solutions. Working hard in developing a day-to-day environment that experiences progress in making actual changes is necessary to become a leader in our industry. That said, we’re moving at a remarkably fast pace to optimize every favorable circumstance that comes our way. Seizing opportunities ever so strategically is critical in becoming a successful business.
Since January of this year, we’ve put out several press releases to share our developments and progress with the public. In case you’ve lost track of all the good news, we’ve grown to having 145 Bitcoin miners and one ethereum miner. At this pace, we’re on-track to reach our aggressive goal of having around 500 Bitcoin miners by this upcoming August.
With this level of growth, Suntex is becoming more self-sufficient and structurally sound within the cryptocurrency industry. There’s much more to come so please stay tuned!