Review on Pakcoin by Pedro O. Alvino M.
Payment system with fast transaction processing
Developed in Pakistan, Pakcoin, a decentralized payment project for commercial use, presents an ideal system for business owners and independent merchants, so that different payments in PAK can be managed through the wallet that is available in various systems. operational.
Given the trajectory of the currency in the market, it is mainly limited when it comes to having its complete services, in which digital currency can also be used to carry out transactions as a payment system, in which transactions are very economic and for a very fast confirmation response time, this despite having a very low mining rewards system, but the willingness to exercise a miner in said chain, the requirements are not so demanding.
With a large number of projects established as a payment system, and the rise of DeFi projects, it is very difficult for the coin to capture the attention of a faction of investors in the market.
Pros
- Based on the Litecoin network architecture
- Designed as a decentralized payment system for Pakistanis
- It has several business partners and recognized companies.
- Has a merchant payment system through Adaigi.
Cons
- Limited project for non-Pakistani residents
- Despite its market trajectory as a payment system, the popularity of the currency is on the floor.
- There are already a large number of projects based on a decentralized payment system.
