Review on Cheesecoin by Pedro O. Alvino M.
functional with a PoS consensus algorithm
A fully decentralized payment cryptocurrency is subject to solving the problems that occur when transferring assets in a blockchain, as block confirmation and cost rate are generally extremely high in some projects.
Its characteristic by having a PoS consensus algorithm, the power consumption is much lower and faster than PoW, also the nodes they include are very light and it is not necessary to download a complete node, but the necessary part of the node thanks to the verification simplified payment.
Pros
- Fully decentralized project.
- Designed for the financial ecosystem of the digital world.
- Systematized with PoS consensus algorithm that adds less energy consumption.
- The nodes it includes are totally lightweight and involve simplified payment verification.
- It has a totally lightweight desktop wallet.
- Novel masternode reward distribution system.
Cons
- It has similar characteristics to other payment cryptocurrencies.
- If currency does not have a remarkable performance in its price that allows its holders to gain confidence from the platform.
