Review on Startcoin by Mohammad Shuja

There is little information available about how StartCoin operates, nor is there a functioning platform on which it aspires to finance and assist the initiatives it promotes. Every week, the projects with the greatest amount of interest from the community will be shown on a scoreboard, with the winning project receiving a StartCOIN topup as a prize. In the case of crowdfunding, users are paid for their support of ideas that are based on community projects.



To be able to utilize StartCOIN, you must first register on StartJOIN in order to become a member of its crowdfunding community. Transactions take about 60 seconds in block time and the same amount of time in confirmation time to complete successfully. As a result, the StartCoin blockchain is much quicker than the blockchains of Bitcoin and other major cryptocurrencies. It takes use of the X11 Proof-of-Work algorithm as well as DigiShield as a retargeting mechanism to accomplish its goal of anonymity. Automatic checkpointing is another feature that has been included in order to enhance network security.



It is a proof-of-work (PoW) cryptocurrency that operates on the X11 algorithm. It necessitates the use of a separate wallet in order to store its units. Wallets may be obtained through the company's official websites; they are accessible for download for Windows, Mac OS, and Linux systems.



In contrast to many other profit making cryptocurrencies, StartCOIN, as a virtual cash, pays you for being a part of the change movement. The more you contribute to projects through sharing, and the more StartCOIN you have in your possession, the more StartCOIN you earn. According to the organization's mission statement, it seeks to promote positive change. While the coin's primary goal is to facilitate monetary transaction, it is not attempting to replace the existing financial system, as is the case with Bitconi or other big cryptocurrencies. The greater the number of projects you share and support, the greater the number of StartCOINs you will get. As a result of leveraging the power of social media to effect change, you are basically being compensated for your efforts. Users that have more than a hundred StartCOINs will get a free StartCOIN once a week as a thank you for their loyalty. Pre-mined coins account for about 50% of total coin supply, with approximately 90% of that amount being given to projects and active users at StartJOIN, as well as extra advantages for converting current technologies to StartCOIN.