Review on BitConnect by francis fernandez
BitConnect: Generate passive income safely
When investing in cryptocurrencies we look for the safest and most profitable options that the foreign exchange market offers us.
In this sense; BitConnect offers its holders the ability to passively generate income by keeping their cryptocurrencies in their wallet.
BitConnect is a cryptographic platform whose currency is identified with the acronym BCC.
Utilities:
• This digital asset guarantees its owners to obtain a return on the funds stored in the platform's wallet, in such a way that in addition to generating interest on their money; they contribute to the maintenance of the network.
• Serves as a fast payment method globally.
• It is used to make money remittances safely.
• Allows receiving and sending money transactions without a bank account.
• Allows you to purchase goods and services in online and conventional stores
Technology-Consensus:
BitConnect uses the combined POW + POS consensus mechanism for decision making on its network.
This governance system guarantees speed in the formation of blocks; which at the same time generates greater speed in its commercial operations and contributes to maintaining the autonomy of the chain.
In a market as volatile as the one we live in; It is convenient for us to have a platform like BitConnect; Since in addition to offering us a secure wallet to store our digital money, it gives us the possibility of generating passive income while we keep it there. It also offers us to enjoy all the advantages of handling virtual money; by using it as a form of payment and exchange currency for many transactions.
Pros
- It is a protocol without custody or intermediaries
- It allows to generate passive income
- Allows you to make payments in cryptocurrencies
Cons
- It has no disadvantages
