Counos is a cryptocurrency that’s similar to Bitcoin. Counos has introduced four different types of digital currency that will be used for electronic payments . The digital currency is based on a peer-to-peer payment network that’s powered by the user. The company is a purely peer-to-peer version of an electronic payment system, which allows online payments to be sent from one party to another without the need to go through a traditional financial institution . Peer-to-peer versions of a digital currency do not require a trusted third party to prevent double-spending. A peer-to-peer network is the only solution to the double-spending problem , which is what cryptocurrencies offer.