Review on Pakcoin by Inioluwa Okedeji

Name: Pakcoin
Item: Pakcoin
Rating: 4

November 20, 2020

Pakcoin: An Open-source Digital Currency Equipped With Its Own Blockchain Network Developed For The Pakistanis.

Pakcoin is a decentralized digital currency that is equipped with its own blockchain technology protocol and this particular feature makes it open-source utility project
Pakcoin was originally launched and established for Pakistanis as can be seen from its name and other people around the world as well. It was launched so that payments of any type and transactions can be processed swiftly and instantly with zero fees, and because of the swiftness of its transaction processing, instant payments can be made to anyone on the Pakcoin network anywhere around the world. Also, the project was established to contribute to the economic growth and development of the country. 
The only way that Pakcoin can be generated is through mining process with its proof-of-work consensus algorithm which allows blocks to be generated every few minutes and can then be used as rewards for miners and investors alike. Another advantage of mining is that it improves the security system of the Pakcoin ecosystem and ensures that operations on the platform are safe and secured.
In addition, one can stake Pakcoins which in turn generates rewards for stakers making it a means to increase their cryptocurrency assets.
One shortcoming that I can highlight concerning this project is the fact that Pakcoin is only being traded on two major cryptocurrency exchange presently. One can only hope that the number of exchanges that Pakcoin is traded on increases in the nearest future because it is such a good project.
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Pros

Pakcoin is a digital currency that has its own blockchain network making it an open source project.
There is provision for staking which generates rewards.
It makes use of the proof-of-work algorithm which also increases the security of the Pakcoin ecosystem.
It features instant payments coupled zero transaction fees to anyone the Pakcoin network around the world.
Pakcoin has its own digital wallet which are in several versions such as Linux, Windows and Android versions.

Cons