Review on BitcoinPoS by LUIS RIVERO R
Project is still relatively new, but with good performance.
Cryptocurrency called BitcoinPos whose main purpose is to become a solution to Bitcoin since it offers a participation protocol to validate blocks. In theory it is faster, decentralized and secure.
-Security in fully decentralized transactions, with a large number of active nodes that allow to keep the network secure against attacks.
-The return on investment is 54.63%, compared to other Pos ecosystems is high.
-As an investment asset it is highly risky since it has only been in the market for a short time. However, when looking at its price in recent months, it has an ascending price that could continue in this way taking into account the current state of the market.
-This project can easily substitute for other currencies that plan to be BTC cash.
In general, this asset only bears the name of Bitcoin but does not have algorithms or direct configurations of that network, that is, it is not a fork of Bitcoin. If you are thinking of a new asset with an innovative and fresh protocol, BitcoinPos is a good alternative.
Pros
- You receive rewards for participating in the network, only by holding tokens in Hold.
- Cheaper transactions compared to BTC.
- No restrictions by location or user information.
- It has a large number of verifier nodes which makes it decentralized and secure.
Cons
- This project still has a small market.
