Review on Terracoin by Pedro O. Alvino M.
Decentralized project based on Bitcoin and Dash
One of the projects with the longest experience in the market, with a decentralized approach, characterized by containing a distribution system for rewards in TRC in the Terracoin network, which has an architecture based on Bitcoin and Dash.
The design of its network has as a base code as much as Bitcoin and Dash, since the network has SHA256 as a mining algorithm, but unlike the energy consumption that this algorithm encompasses, the project integrates a combined mining system that solves the problem of energy consumption in the network without having to reduce the security of the network, since it also encompasses a masternode system that, together with the mining network, distributes a reward system in TRC to its users in a decentralized manner.
The projects of this style that Terracoin has are very few stable, since they have very little capital for their development, and given the current situation of their currency, which has a very low commercial volume and a market capitalization by the soil causes a deterioration of the project.
Pros
- The project never had ICO and pre-finished.
- They offer a mining system combined with SHA256 that reduces energy consumption.
- The total supply of TRC coins on the market is limited and relatively low.
- It is one of the longest running decentralized projects on the market.
Cons
- The volume and capitalization of the TRC currency is on the ground.
- It has countless competitors in the market.
- Being a community project, the capital of the project is limited and depends on donations from the community.
- The price of TRC is decreasing which affects the distribution of rewards for contributing to the Terracoin network.
