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      Time New Bank

      Time New Bank

      Total Supply
      4415707418
      Circulating Supply
      3098446618
      Max Supply
      0

      Time New Bank(TNB) price, charts, marketcap

      1 TNB = 0.0000001 BTC -2.94%

      About Time New Bank

      Time New Bank is a settlement token for the transmission of time-value itself on the Miao'A International Timechain (M.I.T) network. The decentralised network is based on Grid blockchain technology, and seeks to commoditise people’s time. The Time New Bank cryptocurrency is denoted by the symbol TNB. Its total supply is 6 billion TNB. The Time New Bank ICO was released from 18 November 2018 to 23 November 2017. The mainnet was launched on 30 June 2018. Time New Bank is a utility token which uses Proof of Work & Proof of Stake consensus engine for the transaction, commoditization of time & the exchange of time asset which is powered by blockchain technology.

      Read more about Time New Bank

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      Total Supply
      4415707418
      Circulating Supply
      3098446618
      Max Supply
      0
      Total Marketcap
      464
      Volume
      8,716,101.48
      Open
      0.00
      High
      0.00
      Close
      0.00
      Low
      0.00

      Charts

      Time New Bank

      Exchange

      Period

      all 1y 6m 3m 1m 7d 1d

      Index

      Chart Type

      CoinExchangeData Loader

      History of Time New Bank(TNB)

      Time New Bank like all other cryptocurrencies is based on the model of the first actual cryptocurrency, Bitcoin. However, before Bitcoin’s and Time New Bank’s time , cryptocurrencies were much more different, relying instead on a centralized power structure rather than the decentralized governance we see today. If it weren’t for the works of cryptographers such as David Chaum, Wei Dai, Nick Szabo and Hal Finney, who established some of the ground concepts for modern cryptocurrencies, Bitcoin, Ethereum and Time New Bank would not exist today. However, the most important reason why Time New Bank was made possible is thanks to a person or a group of people under the alias Satoshi Nakamoto. He took the concepts that cryptographers before him established and managed to create an actual peer-to-peer electronic money system that couldn’t be counterfeited. If Satoshi Nakamoto didn’t create Bitcoin, it is hard to say if Time New Bank or most cryptocurrencies would exist today.

      Time New Bank is a cryptocurrency with the symbol TNB and it’s price ticker on our website is 0.00. Its current price is 0.00 and the total change over the past 24 hours is 0.00. Time New Bank boasts a volume of 8,716,101.48 in the past 24 across your selected exchanges.

      Time New Bank Characteristics

      Cryptocurrencies like Time New Bank use strong cryptographic protocols, or very complex computer code to secure transfers of information, in order to create a safe system that is notoriously difficult to crack. The programmer of digital currencies such as Time New Bank base these protocols on complex mathematic and computer engineering fundamentals, creating a structure that makes it impossible to replicate funds for Time New Bank and also hides the identities of the parties involved on any transaction on Time New Bank network , unless the participants freely disclose their information.

      Time New Bank Operates on a Blockchain

      Time New Bank, like most cryptocurrencies operates on a blockchain, a new and disruptive technology that offers benefits for storing, securing and transferring information that was not otherwise possible before its inception. The idea of blockchain was first discovered in 1991 by Stuart Haber and W. Scott Stornetta, however it was not until an anonymous person or group under the alias of Satoshi Nakamoto that created the first functional blockchain (Bitcoin’s blockchain) and improved on the ideas of Haber and Scornetta to create a truly functional distributed ledger.

      You can imagine the blockchain that Time New Bank is based on as a giant, distributed database where every transaction’s information is recorded and then spread on a massive network of connected nodes or computers. The information for transaction of Time New Bank is then multiplied and stored on each individual node, so in order to change it you would have to access he majority of the Time New Bank’s nodes at the same time, which has so far proven to be impossible.

      The advantages that Time New Bank runs on a blockchain are that it is very cost effective to run, compared to other centralized resources, due to the cost of operating being split amongst all the network participants.

      No one can alter the defining characteristics that govern Time New Bank base, unless certain conditions are met and changes are implemented by the developer team or a network wide consensus is reached for the changes to be applied.

      One disadvantage of operating on a blockchain is that generally, transactions with Time New Bank are final, meaning that is very unlikely that a transaction can be rolled back if a mistake occurs. Be careful when transacting cryptocurrencies such as Time New Bank and make sure you double check all the details of the transaction before submitting it.

      Time New Bank also boasts a higher degree of safety, as the mechanisms of the blockchain are incredibly hard to crack

      Time New Bank Advantages

      Decentralized Point of Control

      Time New Bank (TNB) is defined by a decentralized governance system, which does not rely on a single point of control to manage transactions on the network in the same way a bank would. Because of this Time New Bank’s network features a distinct advantage that makes it very difficult to counterfeit or imitate. Another advantage of being decentralized is that any attacks on Time New Bank’s network will have to be in multiple places at the same, whereas a bank or any centralized system will have an host of servers in one place.

      Cost Efficient

      Generally speaking, auditing records is a time consuming and expensive process, whereas for Time New Bank which stores all its records on the blockchain, this can be done with minimal effort and in a much shorter time.

      Establishing a Digital Identity

      You can create your own identity on the Time New Bank blockchain, which can be though of as an account of sorts. Whenever you open an “account” on the Time New Bank blockchain, you will be given a private key, which lets you interact with the blockchain, and a public key, which let others identify and interact with you.

      Immutable

      Since all information that is transmitted on the Time New Bank blockchain is stored and secured on a wide network of computers or nodes, you can always be sure that the information presented is valid and has not been tampered with.

      Time New Bank Supply Details

      Time New Bank is distinguished from traditional fiat currencies due to way the supply works for most cryptocurrencies. Another interesting fact about Time New Bank’s supply is there can be two other types of supply aside from the maximum supply. One is the total supply which indicates the amount of coins there are currently in existence. For Time New Bank the total supply is 4415707418. This is the sum of all Time New Bank units that have been mined or created since the network’s creation. . The other one is the circulating supply which for Time New Bank is 3098446618. This can be different that the total supply due factors such as funds being locked in escrow, coins being locked in masternodes.

      How to Store Time New Bank

      There are a few way to store your Time New Banks , and they all involve a certain types of both physical and electronic wallets. Regardless of what kind of wallet you will use, in order to access your Time New Bank funds you will need to have a private key and a public key. With the private key, you can access your funds and send them to whoever you like, just as long as it is an address that Time New Bank is compatible with. Never ever disclose your Time New Bank private key or also called private address, as this will give anyone who has it full control over your wallet. The other type of key is the public key or address, which is used for other people to send Time New Bank to your wallet, and this one can be freely disclosed but it can be used to identify you if a name is ever associated with your public address.

      Time New Bank Paper Wallet

      The only physical and non-electronic way to store your Time New Bank is through a paper wallet, and this is possibly the safest way to protect your Time New Banks. Simply write the private and public keys of your Time New Bank wallet on a sheet of paper, however you will need access to an electronic device should you choose to send or move your Time New Bank funds to another address. The risk here is losing or damaging the sheet of paper with your Time New Bank public key.

      Time New Bank Hardware Wallet

      You can store Time New Bank on a device like a Trezor or USB drive. You are able to make online transactions by plugging them into any any net enabled device to send Time New Bank to another address. Usually the hardware device that you store your Time New Bank on is offline which is a great security advantage. Please conduct proper research before purchasing any hardware wallet to store Time New Bank funds on as many are outdated or of poor quality.

      Time New Bank Desktop Wallet

      Desktop wallets are a convenient and easy way to store your Time New Bank coins. Find a reliable wallet software that support Time New Bank install it on your PC and that’s pretty much it. It can be dangerous if any virus infects your PC or if any physical damage comes to it, which can result in the loss of all your Time New Bank funds.

      Time New Bank Online Wallet

      For online wallets, they operate in the cloud and your private and public keys for your Time New Bank funds are stored in the cloud as well. Very handy if you plan to access it from multiple devices but they also put your Time New Bank at great risk due to security breaches in the cloud storage which is not that unheard of.

      Time New Bank Mobile Wallet

      The most easy-to-use method of storing Time New Bank is on a mobile wallet. It is a simple smartphone application where you set up an account and you can use it to send Time New Bank by scanning a QR code or even use it to pay in any shops that accept Time New Bank. However, your Time New Bank funds can be lost if your phone is damaged or if its security is breached.

      Time New Bank Summary

      Time New Bank’s network can be defined as a payment system, with accounts, transactions and balances. You can store Time New Bank on one of the wallet types mentioned above and it will act as your own personal bank account that you are responsible of maintaining and keeping your private keys secure. Time New Bank as a cryptocurrency allows you to make secure transactions and you can always check the transaction details by checking the Time New Bank public ledger, if applicable. This revolutionary method of being your own bank assured that Time New Bank and other cryptocurrencies will play a vital role in the way we conduct transactions and how we define currencies in the future.

      What you can do with Time New Bank on CoinExchangeData.

      You can add Time New Bank to your watchlist on our platform, in order to keep better track of its price movements. Another handy way to always be up-to-date with any prices changes is to add alerts for Time New Bank and you can do so by set up your personalized alerts by creating an account and going to the alerts tab. Charts and price metrics for Time New Bank are readily available and we guarantee that the information supplied by CoinExchangeData is as accurate as possible. All the volume and price information regarding Time New Bank reflects the same information you can find on exchanges, so it is very easy to find the best exchange to purchase or sell Time New Bank on. Our converter lets you find accurate conversion quotes for Time New Bank against other cryptocurrencies and most traditional fiat currencies. You can use it to see if exchanging Time New Bank for another digital currency can be a more profitable investment or just to check the value of your portfolio.

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