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Mohammad Shuja photo
Lahore, Pakistan.
1 Level
135 Review
31 Karma

Review on ExclusiveCoin by Mohammad Shuja

Revainrating 3 out of 5

My thoughts and review about ExclusiveCoin.

One of the unique features of Exclusive Coin is the use of a blockchain computer wallet to handle the network, allowing masternodes to function. It makes the transactions more faster, and at the same time, guarantees that they are secret and safe. By offering a 2% yearly PoS interest, Exclusive Coin creates inflation. Another innovation of Exclusive Coin is the use of the DarkSend protocol to provide completely anonymous and untraceable transactions. Using the DarkSend mixing method, two or more transactions are mixed together in such a way that no one except the parties involved is aware of the source and destination of their inputs and outputs.



Using Exclusive Coin is comparable to using other cryptocurrencies in that the transaction procedure is straightforward. Users must first go to EXCL's official website and download the wallet before proceeding with the transaction. Afterwards, they may proceed to set up the wallet by following the on-screen instructions The EXCL coins may be purchased in exchange for USD or any other cryptocurrency once the initial setup is completed. To complete your purchase, you must provide the necessary information. In order to complete a transaction, you will be given both the public and the private key. They must be kept in a secure location. The network conducts its verification procedure once the transaction is signed and completes the payment after the scan is completed.



It is mined via a PoS method, with mining power proportional to the amount of coins a miner has in his or her possession. So the complex mining process of the PoW system is no longer necessary. In addition to being free and open source, the masternode platform has many advantages. GitHub has a copy of the code that may be downloaded. By using Discord, the business hopes to engage with their community and get feedback that will help them improve their products in the future. Exclusive Coin makes transactions more efficient by decreasing the confirmation time. Because of EXCL, consumers may make payments in a shorter amount of time and with less hassle. Exclusive Coin operates on a decentralized basis, similar to many other cryptocurrencies, and does not need a central server to function.



Now that the first crash has occurred, it has performed very well to make a comeback in the crypto market. Its main creator, aiming to improve on anonymity in crypto transactions, created this cryptocurrency. With goods accessible at reduced rates in return for coins, it has its own target market.

Pros
  • A classic standard.
  • Known for being a fair coin.
  • It has casino gaming.
Cons
  • Lack of adoption.
  • Struggling to price increase.