Review on Bitcloud by Japheth Ayuba
A decentralised community project
The services Bitcloud token provides from the creation of its project is exactly what we are looking for in the cryptocurrency world whereby our transactions can be made in an instant period of time plus at a very low fee rate and also given us the opportunity to make our transactions private with no third-party seeing our transaction. I recently across this project for house using an exchange service of which these token is listed on and I decided to make a few research. To make note to I couldn't find any developer information mixes project centralised in Subway plus mastellos which secure the network and distributed all over the world with a minimum holding amount.
The coin is mineable as this is a proof of stake for which the Miners had to stake a certain amount of bitcloud coins and validate locks as masternodes. It's quite profitable; mining the Bitcloud coin. Also, coming and looking at the utility, its also quite relatable. I see this project to be great in a period of time but looking at the local community support which is very low in my view about it, as I'm sure it will continue to be marginalized by the small community of people for its development both in price and in utility. It's listings on a few unpopular exchange services is a testimony to what I am saying. I really like the features of this coin and I hope for more buildup to its success
Pros
- Bitcloud is a 3-minute blockchain project that allows for near-instant transactions to be made
- It also houses features such as instant send which makes transaction more faster and private send which is a decentralized exchange service that helps to obfuscate a sending and receiving address
- The wallet services for this token is on different platform
- The transaction fees of this token is very low which makes it more needed
Cons
- The Bitcloud token is listed on just three exchanges
- There seems to be less community support for this project
