Welcome to our Cryptocurrency Policy
Last modified: Jun 04, 2019
This document, called Cryptocurrency Policy ("Policy"), written by the ParadiseCore, headquarter in HUNGARY ("we")
This policy is a contractual agreement with you and with us. By visiting, accessing, using and/or joining the Website (collectively, "using"), expresses your acceptance of these policies.
What is a cryptocurrency?
Cryptocurrency is a digital asset planned to operate as a medium of exchange that applies powerful cryptography to ensure financial transactions, control the creation of additional units. Cryptocurrencies use the decentralized inspection as opposed to centralized digital currency and central banking systems.
What is blockchain technology?
A blockchain is a growing list of records, called blocks, which are connected using cryptography. Each block holds a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree).
By design, a blockchain is resistant to change the data. It is an open, distributed ledger that can record transactions among two parties efficiently and in a verifiable and permanent way. For use as a distributed ledger, a blockchain is typically operated by a peer-to-peer network collectively adhering to a protocol for inter-node interaction and validating new blocks. Once recorded, the data in any given block cannot be changed retroactively without the alteration of all subsequent blocks, which needs a consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. That's why decentralized consensus has been claimed with a blockchain.
What is block explorer?
Block Explorer is an online blockchain browser which displays the contents of individual crypto blocks and transactions and the transaction histories and balances of addresses.
Each object is displayed in human-readable form, as a web page, and is given a URL. By using hyperlinks, it lets users change from seeing one piece of data to a related one, with one click only. Clicking on the hash of an object will move to the page that displays its data. This way, for instance, you can switch from looking at a transaction to looking at the previous transaction which gave this transaction its inputs. All block data is visible, in human-readable or machine-readable forms, and even some information that is not actually part of blocks.
It is mainly aimed at advanced users who already know what blocks are and what kind of information they contain, but a lot of helpful information is provided in tool-tips. A listing of "strange transactions" is displayed in the main page, along with listings of the latest and largest transactions.
Official Block Explorer links:
How the tipping and private/group show works?
Functionally, everything works just like on other live cam sites, but the logic of functions is working in a different way:
All cryptocurrency tipping on the website is irreversible and final using the blockchain technology and transferred automatically from the tipper to the model/studio account.
In addition, the minute fee for each minute-based private and group chat session will be automatically deducted and using the blockchain technology will instantly transfer to the model or studio.
How can I tip and join to private/group show technically?
On our Website you can only use cryptocurrencies what are accepted by ParadiseCams, FIAT currencies (USD, EUR, etc.), tokens, coins, and other, not verified cryptocurrencies are not supported.
Supported cryptocurrencies can be easily transferred to ParadiseCams virtual wallet and after the required confirmations, the deposited cryptocurrency can be used as tipping and payment method for the shows.
From ParadiseCams virtual wallet you can withdraw your cryptocurrencies at any time when you want.
Which cryptocurrencies are supported by ParadiseCams?
Bitcoin (BTC),ParadiseCoin (PRD), etc.....
We will announce on our official channels (such as Facebook, Instagram, Twitter, discord, etc...) when we accepted a new cryptocurrency on our platform.
Do you want your cryptocurrency to get listed on ParadiseCams live cam platform? Please contact us!
Where can I buy cryptocurrencies?
ParadiseCams not allowing the exchange any of cryptocurrencies on the platform, so it does not work as an exchange, and there is no way to buy and sell cryptocurrency on the Website.
You can buy cryptocurrencies on recommend cryptocurrency exchanges such as:
Is cryptocurrency a legal payment method?
The answer is definitely yes, cryptocurrencies are a legal way to pay.
Some countries have their own cryptocurrency law what regulates the operation, use and tax liability.
Please inquire about the provisions of this country in advance.
Fees of using the services of ParadiseCams
The use of the site is completely free for visitors, we only charge the performers and studios for a small fee of 5%-15% per transaction for using our system. (Depending on which cryptocurrency the member using as payment)
We are using that fees to operate (e.g. bandwidth fees), develop, and moderate the site.