Review on Pakcoin by Olugbenga Ajayi
A viable project with good partnership
Pakcoin was a crypto coin born by the innovative work of Aba Sharer and it is the first and the most popular Pakistani crypto currency. Pakistan, a populous country with most of his populace far behind in crypto currency now has pakcoin to ease the stress and centralization attributable to flat currency.
Pakcoin is was launched way back in 2017 and by then was mined using proof of work but today it is mined using proof of stake and it is widely adiadoptedamong the Pakistani because it is widely accepted by most local e-commerce and businesses as a means of payment.
Pakcoin development team has it all already well planned out by making a decentralized payment network like adaigi their partners in such a way that when a customer received pakcoin, he or she does not need to exercise fear of what will be the future of the coin since it can instantly be exchanged into flat currency on adaigi.
The only snag I see is that pakcoin is not yet popular in other countries.
Pros
- Transaction fee is very low
- It's large community of followers on social media is a proof of acceptance
- It's partnership with payment network will increase it's adoption
Cons
- It is not yet popular in other countries
