Review on Gulden by Stephen Toluwani
The Dutch Bitcoin. The project is actually remarkable in handling transactions
Gulden is another crypto project that emanated from the Dutch people and is good to be the Bitcoin of the Dutch. The project in it's early starting from May 2014 began its operation by taking into its code structure the working of the Litecoin code base before migrating needs to bitcoin and finally creating its very own. Taking me to the steps of history you can understand that this project has really had a good going by sticking to its goals and implementing them into the projects there by administering trust to the people. The major reasons why this project have been able to achieve worldwide dominance and recognition was because of it very scalable blockchain that allows for transactions to be executed in nano seconds and the block confirmation of just one Block makes it one of the fastest. This transaction is super fast and the cost less than what we normally pay for many of the mainstream coins we use. To add more icing to the cake in the end, the project makes use of an energy efficient mining model which takes proof of mining using computer graphic cards plus staking through a witness protocols and combined together enhancing the security of its ecosystem thereby losing every possibility of a 51% attack on its network. The project makes it stance on a low cost blockchain and this might drive more adoption and interest into this projects that have been developed duly
Pros
- This project takes the core infrastructure of the Bitcoin and Litecoin codebase in order to manufacture its own that encompasses a lower energy consumption level
- Using a PoW2 for security of the platform allows for mining and sticking to be done coherently on its network
- The project be regarded as a Bitcoin of the Dutch people, it has sparked popularity
- The coin is traded on for different exchanges with good liquidity
Cons
- There is a low support for the coin holding on many major wallet
