When it comes to Bitcoin, there is no doubt that the digital currency has been on a tear over the past year.
The price of a single Bitcoin has gone from around $1,000 in January of 2017 to close to $20,000 by December. That represents a gain of close to 2,000%.
But what if you had invested not in Bitcoin, but in Mode, a new digital currency that launched in August of 2017?
Would you be as well off?
In short, the answer is yes. Mode has also seen incredible gains since its launch. The price of a Mode coin went from around $0.10 at launch to highs of $4.
00 by December. That’s a gain of 4,000%.
So, what is Mode and why has it been so successful?
NOTE: WARNING: Investing in Bitcoin carries significant risks. Before investing in Bitcoin, it is important to understand the potential benefits and risks associated with this digital currency and to thoroughly research any investments you are considering. Mode may not be a good option for investing in Bitcoin, as its fees and other costs may outweigh any potential benefits. Furthermore, the value of Bitcoin may fluctuate and there is no guarantee that it will increase in value. As such, it is important to be aware of the potential risks associated with Mode before investing in it.
Mode is a digital currency that is based on the Ethereum blockchain. Like Bitcoin, Mode can be used for peer-to-peer payments and can also be traded on cryptocurrency exchanges.
What makes Mode different from Bitcoin is its focus on privacy. Mode uses a technology called zk-SNARKs to keep transactions private and secure.
zk-SNARKs is the same technology that is used by the popular digital currency Zcash.
Mode also has a team of experienced developers and advisers. The team is led by Nicholas Gregory, who was previously the Chief Technology Officer at MasterCard UK & Ireland.
So far, Mode has been very successful. It has attracted a lot of attention from investors and has been able to get listed on major cryptocurrency exchanges such as Binance and Kucoin.
Mode is still a relatively new project and it remains to be seen if it can continue its impressive run in 2018. However, given its strong team and focus on privacy, Mode appears to be well positioned for success in the year ahead.
10 Related Question Answers Found
Mode is a bitcoin wallet that has been around since 2016. It is a Hierarchical Deterministic (HD) wallet that uses a 12-word seed phrase to generate private keys and addresses. Mode supports multiple currencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and ERC20 tokens.
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1.
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