Review on MintCoin by Aman Arora
Mintcoin is considerable project to be added to watchlist
Bitcoin was more than just any coin when it was launched as it brings revolution but it requires Lot of hardware and energy to mint block rewards and that is prooving out to be too much use of energy and time consuming. Mintcoin is different in from Bitcoin which works on proof of Work as compare to Mintcoin which use proof of work rather than pow to generate rewards on the network.
Mintcoin claims to provide very low transaction cost and fastest to make transactions which makes it reliable for day to day transactions. Transaction done through debit card take 30-40 seconds and Even Mintcoin transactions took that much time to conclude.
Mintcoin pays just for keeping Mintcoins in wallets with an annualized return of 5%. This is still good enough as compare to keeping any other coin im cold storage which pay nothing except you stake your coins. Mintcoin rewards are generated every 20 days based on amount you store in your wallet.
Mintcoin was launched in 2014 with a mission to provide services with lightening speed and with very low cost. Mintcoin can handle 200 Transactions per second and is suppose to be very cost effective and eco friendly.
Coin has very low value and has been traded at Altilly and Btcspot but I personally dont recommend using this technology as network does not have any large community and utility of Mint token except minting is nothing. There are better alternatives to Mintcoin like Coti and Ardor which have better reputation and algorithm to cope with minimum use of hardware to mint rewards based on proof of stake. Still, low value and fixed growth can attract people to invest and test the facility but they have to move fast and adapt to the market expectations to be as valuable as some of other projects.
Pros
- Mintcoin works on proof of stake algorithm which is cost effective and enetgy efficient
- Cost of transactions for making transactions is almost no to minimum
Cons
- Project has not shown any growth in recent years.
- Project need more technology to built apps for Mobile versions
- Better alternaives with good solid returns in the past available
