Review on MintCoin by francis fernandez
Mintcoin: an ecological blockchain solution
Mintcoin is a platform that allows fast, free and secure transactions through the use of its immutable technology cryptocurrency.
Token:
This blockchain uses its MINT digital currency to monetize the operations carried out by its users, facilitating the exchange of virtual assets, in a totally decentralized way and at low cost.
Technology:
The MINT cryptocurrency was created in order to reduce the energy consumption demanded by the mining networks that use the POW mechanism. In this sense; MINT uses the POS consensus protocol for the purpose of creating a low-energy currency while generating the most transactions in the shortest time.
The use of the Proof of Stake consensus protocol also contributes to the reduction of transaction costs by dispensing with the use of high-cost equipment.
Functioning:
The Mintcoin chain gives its members a 5% annual bonus on their participating funds. This is a long-term investment or store of value that serves as ROI.
By keeping the coins in the portfolio, they generate new coins in a period of 20 days. This procedure creates feedback on invested funds quickly.
Highlights of the chain:
• Decentralized technological system.
• Quick confirmation of operations.
• Low cost of transactions.
• It is a protocol not subject to external control.
• It is an open source platform accessible to all audiences.
Pros
- It is an open source platform
- Allows validation of operations in seconds
- Allows energy savings by not depending on mining networks.
- Offers low cost rates.
- It is not subject to third party regulation
Cons
- The value of their digital currency is volatile
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Comments (1)
November 12, 2020
I was writed about MintCoin too. This platform has many positive sides. Also i love quick time in exchange websites. And MintCoin allows validationof operations in seconds. This is enough for a cryptocurrency platform.
