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Lahore, Pakistan.
1 Level
135 Review
31 Karma

Review on Crown by Mohammad Shuja

Revainrating 3 out of 5

My review and analysis about Crown project.

Initially created in early 2013, Crown was originally designed as a payment and investment vehicle for Europeans and named Crowncoin. Bitcoin had gained total control of the market at that time. Experts believed the product would fail, therefore it is therefore successful. The team decided to revamp the project's business model and goal to create a new platform for new economic applications using blockchain technology. Just as digital tokens built on top of Bitcoin's blockchain technology may be used to pay for a wide variety of products, digital tokens built on top of Bitcoin's blockchain technology can be used to pay for any kind of items. This is also traded on various other currency exchanges in addition to the primary stock market.

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Crown is often used for payments, but it is also excellent for verifying data integrity and is a great choice for a broad variety of projects, from cloud-based businesses to various applications. The Crown blockchain technology allows for scalability and fault tolerance for new economic applications by using numerous incentive nodes and providing fault tolerance with many servers. As a reward for maintaining the network, Crown Community members may motivate their own nodes to earn CRW tokens. Crown's development team adopts two guiding concepts to handle the platform: trustworthiness and transparency. By working together and supporting each other, a free and open-access decentralized sandbox economy utilizing blockchain technology is made possible.

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According to the Crown developers, the present mix of basic markets powering the Crown network is a distinctive mix. The unique partnership between Crown, an incentive-paying service network, and the Bitcoin blockchain that benefits from merge mining is what makes Crown distinct from other cryptocurrencies. AuxPow is a feature included in Crown's merge mining system which allows two blockchains to coexist healthily. To guarantee the Crown network's security and the ability to reap the benefits of the recent mining infrastructure investment in Bitcoin, this policy was instituted. On the other side, miners are able to utilize this to mine Bitcoin and Crown simultaneously, with no additional expenses.

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In the following one year, from now until 2022, a number of market experts and fans think that the CRW token's price will rise in tandem with the token's better performance. Furthermore, the Crown project's medium and long-term roadmaps seek to make it the first project to attain universal public appeal and use of blockchain technology on a global scale.

Pros
  • It also functions as a payment service.
  • The platform makes use of a number of delegates who were fairly elected.
  • It can be harvested using the PoW method.
Cons
  • Marketcap is decreasing.

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