Review on NewYorkCoin by Özgün A
Modernization of payment systems
NewYorkCoin is a crypto money project created to develop, improve, make faster and more efficient payment systems on blockchain technology.
NewYorkCoin is a project that uses the PoW algorithm. Transactions with NewYorkCoin are completely free of charge. That is zero commission.
The seller who makes every payment in the NewYorkCoin project is the validator of the other seller. In this way, peer-to-peer transactions take place very quickly and there is no trust problem.
One of the nice features of NewYorkCoin is that it has its own wallet. You can store your assets in this wallet. It has an application compatible with mobile devices. I liked their website very much. You can find answers to all your curious questions on their website.
You can make anonymous transactions with NewYorkCoin. Transactions that take place through a common gateway are more efficient. NewYorkCoin's transaction times are 20 times faster than Bitcoin's transaction times.
As a result; The NewYorkCoin project aims to be a harmonious gateway between the payment systems of the future.
Pros
- It is an improved payment system
- The project has come a long way in 3 years
- Many companies have accepted to receive payments with this coin
- I think it is a great opportunity for trade development
Cons
- The price is very low. Developers need to find a solution to this
