Review on Magi by Pedro O. Alvino M.
Hybrid architecture coin with payment gateway.
The MAGI project under a hybrid scheme presents a payment gateway model through its mobile app, which allows the safeguarding of MAGI coins (XGM) and payment processing to any MAGI address, also thanks to the architecture of the network and Consensus protocols allow faster transaction processing with lower cost
MAGI, as it is not integrated into a large number of exchanges, the accessibility of the currency is very low, which is why mining within the MAGI ecosystem is one of the methods to obtain XMG, which, according to the mining protocols, is possible. mining with a basic equipment accessible to any user and since the incentives are moderate, the pools and mining farms will be absent, avoiding centralization in the ecosystem.
Regarding activities on the platform, a low presence has been seen by the MAGI team, since in both the social channels no information has been announced about the operation of the platform, since some pages such as coinmarketcap do not have a list to this project.
Pros
- Introduces a digital payment solution method
- Open source project designed under a hybrid model.
- Any user can issue XMG coins either by contribution on the network or by minting XMG coins
- Establishes a barrier for mining farms and pools, which prevents centralization in the mining network
Cons
- No data in coinmarketcap
- Design of the web platform without maintenance or update
- Currency of low availability in the market.
