Review on MintCoin by Pedro O. Alvino M.
Green coin with a hybrid PoW / PoS architecture
Mintcoin introduced to the market since 2014 has a hybrid PoW / PoS design that establishes indifferent reward parameters for each section, in which the rewards will be reduced with respect to each system.
With a confirmation range for transactions of two minutes, the speed is acceptable at the cost of a low percentage of commission for the network, since it is developed with an ecological model, the speed of transactions is over the acceptable range, since by not having In a mining network with many members, the block confirmation process may take time, due to the low profitability of the coin in the mining network.
With a considerable market trajectory, the project has a low support from its followers, since the inclusion of the currency in exchanges is only limited to one and its volume of trade is almost zero, which reflects a low interest in investing in said currency and the services that the project has.
Pros
- Designed with a hybrid PoW / PoS architecture with low power consumption.
- Establishes a weekly reward reduction design in mining in PoW and annual in PoS.
- Ability to process more than 200 transactions per second with a low network rate.
- It has a track record in the market since 2014.
- Incorporated as a decentralized open source project.
Cons
- Very low availability of the currency in the market in addition to presenting a low volume of trade.
- It is not the only one with a hybrid system with low energy consumption in mining.
- Very low profitability for a mining network.
