Review on NewYorkCoin by David Olayide
The NewYorkCoin Cryptocurrency
NewYorkCoin is described as a clone of other popular cryptocurrency known as Dogecoin that was established in March 2014. This NewYorkCoin is a retail focused cryptocurrency. While looking through the project, I noticed some of the features of the project and these includes free worldwide remittance. The project as well, offers a lightning-fast, completely free worldwide money transfer system. It is quite easily accessible using a wide array of wallets on multiple operating systems. New York Coin is simply more usable than Bitcoin. The NYC Coin blocks more than twenty times faster in confirming transactions it is also more than five times faster than Litecoin. NYC Coin is also cheaper to use than either BTC or LTC. NYC is as well, anonymous, decentralized cryptocurrency and operates on a proven blockchain network. For me, the project continues to show only green lights and I quite like the features it offers. The NYC coin, has a circulating supply of 0 NYC coins and a maximum supply of about 100 Billion. The SouthXchange cryptocurrency exchange platform, is the current most active market trading the coin in case you’re interested in getting some. Personally I am interested to see where this project will end up and to see how much of an adoption it can gain.
Pros
- Open source and decentralized
- Instant and fast transaction times
- Anonymity
- The project makes use of innovative technology to make it much faster than either BTC or LTC
Cons
- The cryptocurrency project is mostly unknown
