Review on Mincoin by francis fernandez
free access and unrestricted mining
Mining represents a modern source of income generation from the incorporation of computer equipment of the users in the process of extraction and generation of cryptocurrencies, or through participation in mining pools.
The rewards in the field of mining can vary from one digital currency to another; Each crypto company establishes its own bonus system for issuing blocks to its miners.
Mincoin is an open source computing solution, patented under certified registration, which has autonomy to make modifications and distribute new issues of its program for the issuance of the digital asset Min; through mining processes alone or by joining mining pools.
What characteristics does the Min cryptographic protocol have?
It works under a P2P scheme
Uses the Scrypt computer language, using the PoS (proof of work) consensus protocol
Provides transparency through the process of issuing new coins
It has open source, which allows you to access its encoding freely
What stands out from the technological infrastructure of Mincoin?
Without a doubt, one of the valuable features of the Mincoin ecosystem; It is the ability of your infrastructure to manage a large volume of operations compared to other popular currencies on the market. This is due to the high speed of transaction confirmation, due to the fact that the blocks are issued more frequently since it is not necessary to make subsequent modifications to the algorithm used to issue new coins.
What are the security mechanisms implemented by Mincoin?
Mincoin offers holders of its native currency, a wallet that has anti-virus technology and reduces the probability of malicious attacks on the network, which consists of the use of three mechanisms:
Request for a password prior to making an expense
Sanity validation prior to payment processing
Issuing backup
Regarding the mining options offered by the ecosystem, we have: individual mining, and incorporation into mining pools. In all cases, it provides guidelines for issuing coins.
Pros
- It has a registration license
- Provides autonomy to its owner for the modification and distribution of the program
- Provides free access to developers and users, due to its open source
- Ability to manage large volume of operations
- Provides speed in your transactions due to the efficiency in confirmations
Cons
- No coins currently in circulation
- Unstable value
