Review on TajCoin by gregori cordova
a project that is still in its infancy and does not have much support
Well, we already know that anyone in the world can create their own personalized cryptocurrency, but I think that before doing so, in order to be successful there are some characteristics that projects must take into account. . The Tajcoin project launched in 2016, to celebrate the creator's 4th birthday, is a cryptocurrency with a proof-of-stake and proof-of-work consensus method developed on the Blake2s algorithm, which is a cryptographic hash function, based on Blake designed to replace some faulty algorithms by providing greater speed, and being a fully decentralized, open source cryptocurrency, anyone can audit it.
Since April of this year 2020, Taj is available to mine on the Blake2s site, which is a mining pool dedicated to extracting digital currencies, where many requirements are not needed to mine, and no kyc is required and where it is also You can rent hashing power if you don't have a powerful video card.
According to some technical data displayed on coinmaeketcap and other websites, Taj's maximum supply is 18,097,000 coins, with a market cap of $ 15,560 and a daily trading volume of just $ 19.
Taking a look at their website, I am disappointed that this type of project does not have a professional platform and that it does not have a whitepaper that explains more in-depth details about the project, since it only appears to be a news blog and not an official page of a project. I cannot assure you that this project has bad intentions because so far I have not found bad news on the web about it, but they should offer a more professional platform that generates confidence in potential investors.
Pros
- It works under the Blake2s algorithm, which is designed to replace defects in other existing algorithms.
- Mining this cryptocurrency is not very difficult, and if you don't have a graphics card, you can rent hashing power on several web pages
- Being open source, anyone can audit it
Cons
- A very poor official website that does not offer any technical data or White paper about the project
- Their daily trading volume is only approximately $ 19
- It is not clear either, who is the developer of this project
- Since its launch in 2016 the project has been maintained without much progress
- It is only available on 2 exchanges, yobit and tokens . net
