Päästiks

Päästiks is a digital currency that operates on a decentralized network. Its primary goal is to provide a secure and efficient method for peer-to-peer transactions. The underlying technology of Päästiks is based on blockchain, which ensures transparency and immutability of all recorded transactions.

The creation of new Päästiks units is achieved through a process called mining. This involves complex computational puzzles that are solved by network participants, known as miners. In return for their efforts and the energy consumed, miners are rewarded with newly minted Päästiks and transaction fees.

Päästiks aims to offer lower transaction fees compared to traditional financial systems. Its decentralized nature means that no single entity controls the network, making it resistant to censorship and manipulation. Users have full control over their funds through private keys.

The Päästiks network is maintained by a distributed community of users and developers who contribute to its ongoing development and security. Like other cryptocurrencies, the value of Päästiks can be volatile, influenced by market demand, adoption rates, and broader economic factors. It is intended for use as a medium of exchange and a store of value.