Review on xscoin by David Olayide
Xscoin. Scam Or Nay?
Xscoin, claims to be a cryptocurrency with the main idea of making transactions faster and cheaper, with instant and near-zero cost transactions, increased speed of adding a new block into the blockchain and a scrypt usage in its Proof-of-Work process to make it easier for regular PC users to mine new blocks against ASIC miners. XS Coin also claims to be based on proof of work and on latest a technology. At least that’s exactly what I found on their website.
If you ask me I would say that it all sounds a little far fetched and very superficial. The entire set up looks invalid and underdeveloped. Add this to the fact that I have also discovered negative reviews about this Xscoin claiming to be a cryptocurrency. This cryptocurrency claims to have been around since 2018 and also claim to have processed more than a billion dollars in transactions. For one, I do not believe them.
Apparently, the coin is still being traded on done exchanges and still has a high volume with a very good price, there are questions that are worth answering. Concerns have been raised over some certain issues and this is a red flag when it comes to this cryptocurrency.
The cryptocurrency is traded on Vindax and it claims that it’s currency XSC, is TRC-20 and operates on the Tron blockchain. There are about 6,00,00,000 XSC in total supply. I would advise anyone who wants to dabble into the cryptocurrency to be on the lookout for potential scam traits and be very careful. Make your research very well. I generally suggest that you avoid projects and cryptocurrencies like this until the misconceptions have been cleared up.
Pros
- Claims to be built and operating on the TRON blockchain
- Claims to make use of the best and latest technology
Cons
- Shady vibes about the entire cryptocurrency
- Controversial details and information about the cryptocurrency project
- Bad reviews
