Review on MFCoin by Jorge Hernández
a new territory with its own blockchain
Freeland is a recently discovered territorial area, still in the process of legal recognition that is located in the infosphere.
In order to create economic rules and social relations among its inhabitants, the MFCoin cryptographic project was created.
MFCoin allows the development of a financial infrastructure, which contributes to:
• Establish user-friendly financial services
• Use of smart contracts for informational purposes
• Establish democratic voting systems for the drafting of legal statutes
• Offer advice on the creation of equity investment opportunities
• Establishment of norms for equitable participation in decision-making
• Creation of a system of laws that is easy to understand
• Coordination of resources for mass participation
• Create anti-corruption measures
What technology does the MFCoin platform use?
To promote the legal, financial and social development of Freeland; MFCoin has a technological infrastructure that allows:
-Use a combined PoW / PoS consensus protocol to guarantee the highest security of the network, in its mining and voting process
-Generate blocks in 2 minutes, with the payment of a reward of 25 MFC coins
These are some of the characteristics of this innovative protocol that undoubtedly sets an important precedent in the development of Freeland as a legally established and economically structured territory in the future.
Pros
- Offers fast electronic payment mechanisms
- It is a protocol for worldwide use
- Allows sending and receiving money without borders
- Allows mining with the same infrastructure or by leasing the mining hash computing power
- The currency can also be obtained through rewards programs
Cons
- Maximum established issue of your currency: only 22 million
