If you ever have to trade or invest, undoubtedly you would wish to go for the safest and cleanest type of asset or commodity.
Virgin Bitcoins is one such digital asset that is clean from any past transactions. Hence, It is able to attract most numbers of traders and investors in the market easily.
Read the complete blog below to know more about Virgin Bitcoin:
So what is this Virgin Bitcoin?
Virgin Bitcoin is a freshly created bitcoin derived by any computer that was mining it.
The most prominent feature of a Virgin Bitcoin is that it comes with a clean transaction history or with no transaction history at all.
It is important to keep in mind that usually, the investors don’t want to own or use any Bitcoin that has been used before. This is due to the reports that show Bitcoin is used for illegal or criminal activities. To invest in the crytosphere and yet avoid the risk of being implicated in any illegal activity, these Virgin Bitcoins are a lucrative opportunity.
Why Virgin Bitcoins Are Important?
So the question that arises is, why do we have to particularly talk about a freshly mined Bitcoin?
The freshly mined Bitcoin known as Virgin Bitcoins comes with no history attached to it. This makes them free from any implication in any illegal activity. They offer a safer option than Bitcoins that may have been involved in any criminal or illegal activity during their time in the market.
The idea of Virgin Bitcoins has gained a lot of interest, based on the premium status that is associated with it in the cryptocurrency marketplace. This status is attached to Virgin Bitcoins because of its newly mined and rarity factor.
This class of Bitcoins is currently being traded at higher costs, with markups between 10% and 30% across different platforms.
Virgin Bitcoins On G-20 Agenda
Along with the aforementioned information, it is important to consider the recently concluded G-20 summit that took place in Osaka, Japan. The core governing committee agreed to opt the standards of the Financial Action Task Force (FATF) — which are traditionally used in relation to fiat currencies — even for the digital assets.
How Safe Are These Virgin Bitcoins?
With every transaction recorded on a blockchain ledger, the only concern which arises is whether the Bitcoin has ever been used as a part of any criminal enterprise. If found guilty it could be forfeited or held indeterminately by authorities, regardless of its use.
The history of every Bitcoin in existence today can literally be traced back to the point of its very mining. All the wallets where they have been can be identified too. It is true that although Bitcoins are termed to be ideal for the anonymous transactions, but this anonymity comes with a limit where one can not know the particular identity of a particular wallet holder. This is why when any illegal activity or crime takes place (by using these Bitcoins) the transaction history can be traced back to the wallet used for trading it.
Virgin Bitcoins come clean of any previous history and assures the investors and traders about its no involvement in any illegal activity.
Virgin Bitcoins have proved to a safe alternative to the regular bitcoins. Here, you are ensured about the origin of the bitcoin and do not have to worry about its previous transaction history. The fact that these are newly created Bitcoins adds to the interest factor in the crypto marketplace.