Review on Musicoin by francis fernandez

Name: Musicoin
Item: Musicoin
Rating: 4

January 11, 2021

Musicoin: blockchain music trading

The cryptocurrency market has spanned different areas and sectors of everyday life; finding ourselves today with a large number of options with multiple purposes. One of them is Musicoin.
Musicoin is a cryptographic platform whose purpose is to serve as an impulse gateway for musical composers; which have the possibility of being able to project their creations autonomously and safely thanks to the use of blockchain technology.
The platform creates an open and non-custodial market for the promotion of musical compositions online; managing to connect authors and users through the exchange of digital assets.
Functioning:
Musicoin allows its composers to receive instant remuneration every time the users of the platform interact with their creations.
Cryptocurrency:
Musicoin serves as a digital asset to reward songwriters and mining members within the network. The currency is listed on some exchanges.
Consensus:
Musicoin is a mineable coin. For this, the Proof of Work (POW) consensus protocol is used to validate the operations of its mining process. GPU computers are used in this procedure.
Utilities:
The great advantage that the platform offers is that it manages to eliminate the intermediaries between the big music companies and the artists; making available to musicians the power to take control of their careers by creating licenses for their creations and the safe trade of their compositions; obtaining immediate and direct retribution from their followers on the platform. This is possible thanks to the use of blockchain technology through the implementation of smart contracts.
Musicoin also represents an opportunity for users who want to generate income through the process of generating their coins, in a profitable and simple way.

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