Review on Bitcore by LUIS RIVERO R
A cryptocurrency managed by your community.
Bitcore is developed and supported by the community, that is, all processes and updates are carried out by collaborations.
In general, the main engine of Bitcore is its community
Currently, new features are under development, such as a new algorithm to extract BTX since the current CPU-GPU is less and less used.
Its main disadvantage is its use, since in general there are few use cases for this project. In this sense, your opportunity for improvement would be to focus on a strategy
of use and that the holders propose strategies that allow to increase its value if it is only designed as a cryptocurrency for investment and protection of value.
Regarding the advances, the decentralization of mining is highlighted, avoiding voids that could generate imbalances in the network.
For now it is a matter of keeping up to date with the new updates, as they have new things that they will be releasing. Your current situation will depend on this, I consider that this project has good expectations due to its philosophy and initial launch basically non-profit general and intended to be developed by the community.
Pros
- Open and decentralized code.
- Anyone can join the team and cooperate on the project.
- Highly scalable, compared to current currencies and low fees.
Cons
- It has a relatively low market.
- Few use cases, in general it is difficult to find where to pay with this asset.
- More usage applications need to be created.
