Review on Nimiq by Ana A

Name: Nimiq
Item: Nimiq
Rating: 5

May 03, 2020

Fast network

This is a safe and free cryptocurrency that has established its own system, focused on bypassing censorship. This can be used from any computer; It is considered as digital money, since it fulfills functions rather than exchange. It uses encryption technology that has given it greater reliability when it comes to security.
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All these updates are published in a public list that safeguards the data and preserves the anonymity of those who carry out their transactions. Something that characterizes and positions it as one of the best for those who venture into the world of cryptocurrencies is the fact that it can be mined from their own website. And this system can be managed online or not. The advantage is that you don't need to dedicate resources to generate something that already exists. This frees up resources that can be used for other projects. 
 
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Nimiq relies on a so-called "lightning network". As a result, all cryptocurrencies that are part of this network can be exchanged at an accelerated rate. In other words, this means that a platform for exchange will not be necessary in the future. Since there are no intermediaries that slow down to verify and change, transactions are processed quickly. 
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Pros

It can be used for more than crypto exchange. But also for payment for goods and services.
Allows its users to receive donations
It can be obtained and purchased on various exchange platforms worldwide
can be mined from its website.
It is not necessary to download so many updates.

Cons

Not all exchange platforms have this cryptocurrency in their catalog of offers and exchanges.
Its prices are low compared to other cryptos
For this system to be successful it must have a short processing time and short files
Does not work in all browsers