Review on AquariusCoin by Shalom Kolawole
Providing Financial Support To New Projects
Introducing a cryptocurrency to the blockchain network requires capital, most times large amount of capitals. This has swayed away many developers with great ideas who aren't financially capable. These ideas might be able to solve many blockchain problems but due to their financial incapability, it is left to waste away. This problem has been attenede to by the AquariusCoin. This project provides financial support to developers who are not bouyant financially. The support provided happens to be the best they can give as most developers already have the idea but lack finance for execution of it. In addition to that, they have their own cryptocurrency. It is a PoW/PoS cryptocurrency that is presently in the Proof Of Stake phase. The crypto also make use of the Scrypt algorithm. This algorithm has been designed to make it costly so as to be able to perform large scale custom hardware attacks. It was created by Colin Percival. The Litecoin is another coin that uses the algorithm. The Scrypt algorithm has made transactions to be executed or confirmed in few minutes and can handle large transactions at a time. The coin is also mineable and they reward miners greatly.
Pros
- The company was established with the sole purpose of providing Financial Support to new projects introduced to the blockchain network
- The coin can be mined and they reward miners greatly
- They have a very active customer support
- Transactions are executed in seconds and sometimes few minutes, this is due to the algorithm they use
- The algorithm the project uses is capable of supporting a large amount of transactions at a time
Cons
- The project is not new and is yet to gain popularity
- They charge a high transaction fee, I feel this is due to the algorithm it uses
- Their user interface is poorly designed and should be improved
New products
Comments (1)
December 27, 2020
It's a nice project that might grow in the future, this is because of their user interface, I really don't like it as it is not attractive and might be difficult to handle by newbies. I just hope they work on it soon
