Review on MintCoin by Benaiah A. Akinlade
MintCoin: Set up to withstand the highly volatile cryptospace with its "Living Roadmap"
MintCoin is a community owned decentralised and democratic token where the community makes decisions on everything as it comes such as voting on developers, ideas, and other important plans for the future (This is known as the Living Roadmap) in order to ensure that everything is in the interest of the community. MintCoin was launched on February 2014. It is a fork of Novacoin and a Proof of Stake coin after converting from Proof of Work in 2014 which makes it more resistant to 51% of attacks. There are a total of 70,000,000,000 coins available to be mined with a single block mining taking 30 seconds. MintCoin transaction is very fast as it requires 4 confirmations which are completed in less than 2 minutes. The transactions are free and consume little power.
MINT can be traded on crypto exchanges, such as SouthXchange, Coinexchange, Cryptopia, Novaexchange, and ForkDelta, with Cryptopia being the most active crypto exchange trading MINT. MINT trades in pairs with BTC, ETH, Doge, KibiCoin, and Dash. MINT wallets are available for Windows, Mac and Linux OS.
I am particularly impressed with MintCoin’s theory of “Living Roadmap”. This theory sets it up as a dynamic project in the volatile crypto space. It means that the project develops and improves according to the demands of the ever-changing crypto world as there is not rigid or fixed roadmap.
Pros
- MintCoin is designed to reduce the monopoly and reliance on costly blockchain networks that consumes a lot of energy.
- MintCoin mints new coins and pays transaction fees to investors who have staked their tokens for a number of days.
- Transactions are completed at very high speed
- The living Roadmap indicates the dynamism of MintCoin. Goals and Aims of the project is dependent on the needs and trends in the cryptospace
- The community is the determinant of what the Roadmap stipulates
Cons
- The website is not very interactive.
