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Nepal
1 Level
453 Review
106 Karma

Review on Diamond by Syed Adnan

Revainrating 3 out of 5

It is ultra quick, efficient and highly ecological.

Being a very secure, valuable and scarce resource makes it an excellent alternative to all the other cryptocurrency investments that are available in the market. Direct mining of coins is not possible because it uses an eco-friendly POS mechanism. However, indirect excavation of the currency is achievable through multipool.



Pros
  • It is a mechanism that enables the network to confirm and validate transactions thus preventing fraud.
  • Proof of Stake does not require any intensive resource calculations and is much more cost effective as compared to PoW.
  • To earn returns from Proof of Stake he user needs to own some coins.
Cons
  • It has become one of the highly valuable coins in the crypto market.