Review on Bitcore by Stephen Toluwani
Looking for low fees transaction, it's found in BitCore
Bitcore is a Hybrid fork of Bitcoin that has been in existence since 2
It aims to provide complete decentralization through equative distribution of its coin during it's early days. It is a community based project and a minable coin through Proof of Work on ASIC.
BitCore shares similarity with Bitcoin such as using Bitcoin technology and source code, shares the same total supply of 21 million coins but differ in it's transaction speed, transaction fees and Blockchain size of around 1
One thing I love specifically about this coin is its low transaction fees of 0.0001 USD per transaction yet with an incredible speed and executing up to 550 transactions per second making it PayPal's number one competition
The coin is widely accepted in Australia as a payment method even in banks
Although the coin still have a long way to go especially with it's depreciating value which may be due to its low use, it's for sure a real competitor for most cryptocurrencies
Pros
- Has the lowest transaction fees I have ever seen in the Crypto industry
- A Hybrid fork of Bitcoin which makes its blockchain size extremely small (around 1GB)
- FAQ section that gives detailed information about the coin for easy understanding for new users
- Sims to accomplish total decentralization through Airdrops and other distribution modes
- Can be used for micro payments on rewards centers due to its low transaction fees
- Extremely fast transaction speed reaching up to 550 transactions per second making it second to Visa
Cons
- Hasn't covered much grounds in terms of integration with service providers from all over the world
- Low adoption of coin and low coin value (currently around $0.21)
