Review on MonaCoin by José A Rodríguez
Monacoin: Decentralized Blockchain with Little Innovative Steps
Monacoin is a type of alternative cryptocurrency created in the southwest zone of the world. It is a type of project that works fully decentralized following a type of governance executed by everyone interested in it. To make use of it users must install digital apps on the desktop since it is not available for mobiles. The team believes that the main purpose of their project is to help people understand that the product is, in a wide way, a free, cooperative, enthusiastic release that requires the same from customers to have a nice service. Nonetheless, it follows the same particular example of other blockchains.
And referring to innovation is important to mention this blockchain project has no joy of that feature. Developed in 2013, Monacoin has the same principal platform and interface. The content although illustrative is not so much creative. Sincerely, it has a considerable lack of development, management, and investment, and this makes it to be an outdated product with low recognition. In the current date, not so much people are interested in it. Even in the market rating, it has received a far position out of the top.
Another relevant point of this project is that it is different from others in all aspects of management and finances. First of all, it does not has any affiliate program that permits other companies to integrate on it, and make it grow up. Secondly, the team believes that third-parties cannot be accepted on it since they affect all development of the product. Thirdly, the platform does not work with cores and special protocol features. So, having that in mind, users can make a whole draw of the history this blockchain has had, and how it will keep being.
The maximum supply of the coin is also short for s list of the investor. It has a very low coin at price. Those internal detail interest less yo users since no one has already thought of it as a place to regulate their finances, since it does not permit to invest. On the other hand, the applications and possible wallets of this project can be downloaded and installed in the PC following just a couple of steps. They are admitted in outdated versions of Windows and Linux.
To finish with this, personally, this blockchain has so many limitations. It is a project that does not inspires to explore or study its content. It is not as practical as it must be. The company does not support a strategic plan to make it advance. So, in conclusion, Monacoin is a project created with not global purpose in the digital market.
Pros
- It acts freely and decentralized. It is a platform founded with special algorithms that permits everyone, everywhere to make what they want. It is a project with enthusiastic development.
Cons
- It has not succeeded in the world of finances managed by cryptos since it is an outdated project. It is not innovative or practical to follow.
- The development and management put on it are low, and in the current date has been lees. The company is not as operative as it must be.
- It has no partnership with any integral blockchain or other enterprises. It does not permit them, and this affects even more the functioning and growth of the platform.
- It has been in misused during so much time. Anything in design and management had changed.
