The difference between CRN and Bitcoin (BTC)

A brand new digital financial system has been born, Currenion--Currency Union Payment System, its native currency Currenion Coin (CRN), what are the differences and similarities between it and Bitcoin (BTC)?

The emergence of Currenion Coin (CRN) will allow all currencies to circulate freely around the world, which is similar to Bitcoin (BTC). However, the difference is that Bitcoin (BTC) is just a digital currency, while Currenion Coin (CRN) is a native currency in the Currenion currency Internet protocol. It not only represents digital currency, but also represents the entire network protocol, which allows payments to be made in any currency. For example, A can pay B with Euros, but B can directly receive US dollars. This free exchange brings more possibilities to Currenion Coin (CRN) and also gives it a very valuable medium role.

Unlike Bitcoin (BTC) mining, CRN does not need to waste electricity and computing resources. It was created at the beginning, making it more focused on its own application. However, they have an important commonality: the total amount is constant and will only decrease with loss. This feature makes both digital currencies that preserve value. Bitcoin (BTC) transmission takes 30-60 minutes to complete 6 confirmations slowly, but CRN relies on its system advantages to complete transaction confirmation within 3-5 seconds, greatly improving efficiency. In this regard, it is much easier to use than Bitcoin (BTC) and more real-time.

You can access the gateway and trade any currency in CRN, but Bitcoin (BTC) itself does not have a trading function and can only rely on exchanges to trade, which greatly reduces efficiency. Open the CRN wallet and you can trade in real time and switch any currency, which is completely impossible for Bitcoin (BTC).

Like Bitcoin (BTC), CRN uses the underlying encryption technology, is sent over the Internet, and transactions are irreversible, providing unique anti-counterfeiting proof of digital currency. The transaction fee of CRN is extremely low and can be ignored, while the fee of Bitcoin (BTC) is high.

There is no redemption risk for CRN. People can exchange it for any fiat currency they want, as long as there is a gateway for this fiat currency.

In the CRN system, in addition to real currency, Bitcoin (BTC) can also be integrated into it as a special IOU. At this level, CRN completely includes Bitcoin (BTC). Bitcoin (BTC) will exist in the Currenion network of CRN like all other currencies, achieving the function of quickly sending, receiving and exchanging any currency. Of course, this is all due to the powerful medium value function of CRN.

Therefore, simply comparing CRN and Bitcoin (BTC) is not comparable. CRN is a huge network that can even accommodate Bitcoin (BTC) in its system. In comparison, CRN is more like the hope and direction of the future of digital currency, and it is worth paying attention to and continuously exploring and developing.