Safestar is a cryptocurrency created to solve traditional cryptocurrencies’ problems. It offers several key features that make it stand out from other coins, including high security, an algorithm resistant to quantum computing, and a fast transaction time.
This piece will go over everything you need to know about Safestar!
Table of Contents
- 1 Why was Safestar Invented?
- 2 Who was It Created by?
- 3 What Problems Does Safestar Solve?
- 4 How to Use Safestar
- 5 Advantages Over Bitcoin – Speed & Security
- 6 How Do I Store My Safestar Coins?
- 7 What if Safestar Gets Lost?
- 8 Can Safestar Exchange Go Out of Business?
- 9 What is the Future Growth Potential of Safestar?
- 10 Conclusion
Why was Safestar Invented?
Safestar was created in early 2017 to make transactions as simple and as safe as possible.
It has been designed with blockchain technology, making it secure and tamper-proof. The team behind Safestar aims to make the digital currency easy for everyone in the world to use – even those who don’t have a lot of technical knowledge!
Safestar is one of the newest currencies on the market, and it promises to be one of the most secure ones out there.
Who was It Created by?
Safestar was created by the team at Safe Exchange LLC, a for-profit business that specializes in developing innovative cryptocurrency technologies.
The company was originated in 2014 by two brothers who saw the need for a more secure and user-friendly alternative to traditional fiat currencies. They have been working hard ever since to make Safestar the best it can be!
What Problems Does Safestar Solve?
It comes with many benefits and tackles a lot of problems. Let’s take a look at some of the most prominent issues that Safestar has come to solve and successfully done so.
One of the most noteworthy issues with many cryptocurrencies is their lack of security. Hackers can easily break into crypto wallets and steal coins because they are not encrypted correctly or aren’t specifically designed to be secure (the most famous example is Bitcoin).
Safestar solves this problem by encrypting all information in its blockchain and transactions using a unique encryption key that only you can access. This makes your account completely safe from hackers!
Furthermore, it offers users quantum-resistant cryptography to protect against hacking attempts through quantum computing.
Safestar also creates ‘hierarchical deterministic wallets,’ which allow you to restore access to your wallet if anything were ever lost due to theft or computer failure. This is a massive improvement over traditional cryptocurrency wallets, requiring you to input your entire 12-word recovery phrase if you lose access to your wallet.
Faster Transaction Time
The average transaction time for Safestar is just two seconds! This is much faster than Bitcoin and most other cryptocurrencies, which can take up to an hour to complete a transaction.
This makes Safestar perfect for everyday use, whether you’re buying coffee or groceries.
How to Use Safestar
Safestar is a cryptocurrency that can be used by anyone who wants an alternative to their national currency.
You can use it for peer-to-peer payments, buying items or services from merchants and sellers who accept it, and trading with other users on an exchange. The only limit is your imagination!
Earning Revenue with Safestar
Safestar Crypto also allows you to trade cryptocurrencies quickly and easily without having to worry about security risks.
In addition, it offers a revenue-sharing program that allows you to earn revenue from your cryptocurrency holdings.
This makes it the perfect option for investors and traders alike. So if you’re looking for a safe and secure way to store or trade cryptocurrencies, be sure to check out Safestar Crypto.
Advantages Over Bitcoin – Speed & Security
Being more secure than other cryptocurrencies available today, Safestar has several unique features.
It only takes minutes – not hours! –to complete most transactions using Safestar because safe exchange built their quantum-resistant cryptography into the system rather than relying on third-party services as some other coins do. This makes it faster and more secure than any other coin on the market today.
It is perfect for everyday use because its transactions are so fast that you can buy items or services from a merchant before they even have time to process your credit card payment!
It’s also safer because only you control your money – not some third party like a bank that could close your account if they suspect fraud or freeze all of your assets without warning.
Finally, Safestar is cheaper and far easier to use than traditional fiat currencies worldwide such as USD, EURO, etc. Because there are no middlemen involved in making payments, transaction fees (called gas), which typically cost anywhere between $0.01 and $0.05 per transaction, are much lower than those associated with Bitcoin or other cryptocurrencies.
In A Nutshell
- Faster and more reliable because it doesn’t have any of Bitcoin’s problems, such as long transaction times and high fees.
- Easier to use because it’s already integrated into many popular wallets, making transferring tokens very simple.
- Backed by a strong team of developers working hard to make it the best crypto project out there.
- Safestar is more user-friendly and has tremendous future growth potential.
How Do I Store My Safestar Coins?
You can store your safestar coins on your computer or mobile device using special software called a ‘wallet.’
Wallets come in many different shapes and forms and are available for free download on the Safe Exchange website. If you plan to sell or trade with Safestar frequently, though, it is best to keep your coins in an online wallet service so that you can access them from any computer connected to the internet!
What if Safestar Gets Lost?
While people choose not to invest in cryptocurrency due to volatility, they are also often afraid of losing their investments due to theft. Before making up your mind about investing, it’s essential to understand how safe it is, especially when discussing a brand-new technology like this one.
- Safestar is stored in your own wallet, so you don’t have to worry about losing them. You can check their status or even see how many tokens are there using Blockchain explorers like Etherscan.
- The Safestar platform also allows you to recover lost safestars (which was impossible with Bitcoin before). So if you lose some safestars, then the chances of getting them back are very high!
Can Safestar Exchange Go Out of Business?
Safestar exchange is a decentralized exchange that doesn’t rely on a third party. This means that it is immune to any potential outages or shutdowns. It is also transparent and open-source, so users can be sure that their funds are always safe and secure.
What is the Future Growth Potential of Safestar?
To answer this question, we should look at the future of cryptocurrency in general.
Blockchain technology and cryptocurrencies are becoming more popular each year, and they’re also getting bigger and gaining value. While there is certainly volatility as we have experienced throughout Q4 2021, we have seen certain cryptocurrencies reach new heights, such as Bitcoin, grow to an all-time high ($65,000 USD) in 2021!
As we write this article, the crypto market is fairly volatile, and this has not spared Safestar. It’s currently ranking as 7,158 of 9,299 and has low trading volume. It has declined by 95% since its rise in May 2021.
While the present may seem bleak and looking forward is a bit like looking into a crystal ball, analysts at Digitalcoinprice.com do project a 300% increase in value between now and 2029, with a slow upward trend through 2026 and more aggressive growth between 2027-2029.
This cryptocurrency is new, and has promise, given it’s been developed by a team of expert cryptographers and cryptography researchers to be one of the safest cryptocurrencies on the market today.
While it has experienced a drastically declining value in its early life, the future remains unclear. There are analysts that predict a gainful long-term road ahead. So if you’re patient and have a fair amount of conviction, this could be a buy and hold strategy for your crypto investment portfolio. As always, we highly recommend that you do your own research and benchmark against your investment goals prior to investing in any cryptocurrency.
We hope this article helped you gain a better understanding of Safestar as you determine whether this is the right investment for your portfolio.