What is Hoverex?
The blockchain is a public ledger that records hoverex transactions. A novel solution accomplishes this without any trusted central authority: the maintenance of the blockchain is performed
by a network of communicating nodes running cryptocurrency software.
This allows hoverex software to determine when a particular cryptocurrency amount has been spent, which is necessary in order to prevent double-spending in an environment without central oversight.
The blockchain is the only place that bitcoins can be said to exist in the form of unspent outputs of transactions.
How the Token Works
In the blockchain, hoverex are registered to specific addresses. Creating a hoverex address is nothing more than picking a random valid private key.
Benefits for Everyone
Hoverex is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.