In relation to some of the most recent coins on the market, SwiftCoin is old. Released back in 2011, it is a cryptocurrency that uses peer-to-peer, blockchain, encrypted mail and proof-of-work application and technologies, similar to Bitcoin. The difference between SwiftCoin and newer coins is that the former is proprietary blockchain ledger that is not public. The cryptocurrency wallet gives the real-time proof-of-work confirmations. Currently, it’s considered somewhat precious, as there is a minimal supply of coins left. Even though Swift, along with Bitcoin, were the first ever digital currencies to be used in real forex, silver and gold trade, its characteristics make it hard to compete in the vast market of open-source platforms and interoperable coins. Users are keen on investing in currencies that not only ensure transactions are secure and transparent, but that they also come with additional value, like trading tokens for services or information.

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