Review on PitisCoin by Pedro O. Alvino M.
virtual currency based on the ERC20 token
A decentralized project that focuses on the use of a digital currency that can serve as a payment method globally and also stimulate the Pitiscoin ecosystem where it will also be available through the platform's wallet that contains various functions and obtaining rewards in PTS.
Starting to operate in 2017 by a group of experts in blockchain technology in Malaysia, its features are well designed in addition to integrating more nodes in the network to also offer better performance and in terms of transaction speed it is a little faster than the bitcoin re.
By building its own blockchain to allow better autonomy in the network, all its functions would also continue to be decentralized, although the project has not presented some important news about updates to its network.
Pros
- Designed by a group of blockchain pioneers in Malaysia.
- It offers better transaction speed than bitcoin.
- Integrated more than 2000 nodes in the network.
- Includes an Exchange system that prevents online fraud during digital crypto asset transactions.
- Based on Ethereum ERC 2.0 Smart Contract.
- Contains a program that rewards users more than the active platform.
- It offers a payment system that can be adapted in stores and shopping centers.
Cons
- Includes features and functions similar to other projects.
- It is affiliated with an organization that is being watched by Bank Negara Malaysia (BNM).
- Currency accessibility is very limited in Exchanges.
