Review on Zealium by Pedro O. Alvino M.
New Zealand-based decentralized proof-of-stake cryptocurrency
A decentralized cryptocurrency from New Zealand, under the purpose that it serves to be used as a means of payment for goods and services by users of that country, in addition to establishing parameters that encourage users to contribute to the network thanks to the mining adaptability and masternode network
Based on PIVX, it intends to expand its services to the whole world, however the functions it complies with do not promote interest from the encryption community, since today a large number of projects have better payment services and benefits to contribute to the network, for this reason the currency is in one of the lowest levels of the market, which is possible a projected closure of the project.
Pros
- Open source cryptocurrency based on PIVX
- Transactions are confirmed almost instantly thanks to its network of masternodes
- offers incredibly low transaction fees
- coin designed under the Proof of Stake protocol, which only consumes a fraction of the energy in mining
- Network security is governed by peers who have an interest in the network.
Cons
- It has a very low commercial volume and is far from being used as a payment method.
- led by a small team with very little community behind the project.
