Review on Goldcoin by Syed Adnan
It offers an electronic coin payments system.
It has been in drama for a long time. It opposes inflationary pressures and provides stability. It is also establishing an ideal system for banks to establish themselves as a suitable alternative but it faces stiff competition from established cryptocurrencies such as Bitcoin, Ethereum and others. The reason why an investor can choose this can be attributed to a personalized cause, such as a transaction fee.
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Pros
- The time taken for verification is just 2 minutes. This speeds up the confirmation process and completes the transaction relatively quickly, leaving it beyond its competitors.
- It also uses on-chain scaling for its blocks. Its block size is 2 MB, more than 1 MB capacity for other cryptos. Both of these factors allow it to manage the blocks and increase the network's ability to meet users' needs.
- Its powerful algorithms protect the system against theft and extend it further than other currencies in terms of network security.
Cons
- It is difficult to say how long the project will be in the market because two parties are claiming ownership of this project.
