What is POC cryptocurrency? (Is it exhausting to trade POC on exchanges?)

What is POC cryptocurrency? POC cryptocurrency, like Bitcoin and Monero, is controlled by an entity. This entity is a virtual ledger system (also known as a “smart wallet”) and a token network.

With POC, peer-to-peer transactions can be achieved without any intermediaries, and transfers can be made without a bank account. However, POC also has the characteristic of anonymity, as it does not expose the source of funds or the identity of the recipient before being sent to a third-party address.

Is it exhausting to trade POC on exchanges?

Recently, Binance announced that it will open the POC/USDT trading pair before January 16, 2020, at 15:00 (block height). Exchanges are one of the biggest victims affected by this situation.

Regarding the concept of POC, many users feel that it is “exhausting” or a feeling of being owed money by exchanges. In reality, many people believe it is the exhaustion of exchanges. Some people also see it as a speculative behavior, but it is not. However, trading on POC requires a certain cost and time, and due to technical reasons, it is difficult to guarantee security, making it challenging for everyone to accept it. After all, Bitcoin has already surpassed $20,000, and such a situation may only occur when it reaches the point of bankruptcy.