When depositing a check from one bank to another, a deposit can take several days while the bank confirms the funds are available. International wire transfers take from 3-7 days.
Hellenic Coin a generally far faster, taking only 30 minutes to transfer money.
Central Governments Can't Take It Away
In Cyprus 2013, central governments took back uninsured deposits larger than $100,000 to help recapitalize itself while destroying peoples savings, families and dreams.
No central authority has control over Hellenic Coin so a bank cannot take it away from you.
People Can't Steal your Payment Information from Merchants
Hellenic Coin transactions don’t require you to give up any secret information. Instead, they use two keys: a public key, and a private one. Anyone can see the public key (which is actually your Hellenic Coin address), but your private key is secret. When you send a Hellenic Coin, you ‘sign’ the transaction by combining your public and private keys together, and applying a mathematical function to them. This creates a certificate that proves the transaction came from you. As long as you don’t publish your private key for everyone to see, you’re safe.
There are no Chargebacks
Once Hellenic Coins have been sent, they're gone. A person who has sent Hellenic Coins cannot try to retrieve them without the recipient's consent. This makes it difficult to commit the type of fraud we typically see with credit cards in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction.
It Isn’t Inflationary
Hellenic Coin was designed to have a maximum number of coins. Only 100 million will ever be created under the original specification. This means that after that, the number of Hellenic Coins won’t grow, so inflation won’t be a problem.
It Isn’t Inflationary
It’s as Private as You Want
Hellenic Coin is entirely decentralized, it is a relatively private currency. On the one hand, it is transparent – thanks to the blockchain, everyone knows how much a particular Hellenic Coin address holds in transactions. They know where those transactions came from, and where they’re sent. On the other hand, unlike conventional bank accounts, no one knows who holds a particular Hellenic Coin address. It’s like having a clear plastic wallet with no visible owner. Everyone can look inside it, but no one knows whose it is.
When you send a transaction, it is digitally signed, and secure. An unknown miner will verify it, and then the transaction is completed. The merchant need not even know who you are, unless you’ve arranged to tell them.