Review on Counos Coin by Carlos Figueroa
Litecoin source code based cryptocurrency
Established by the Counos platform, this is a number of currencies that this page has, but considering its network architecture it is comprised by the Litecoin network, given that its network is completely independent, which is intended to generate financial flow as currency payment in the commercial world, the efficiency and security that this cryptoactive integrates generates a not very majority interest as a long-term investment, since it can still be considered as a highly volatile currency according to the stable development that it has developed in the market.
For commercial purposes this cryptoactive is destined, with an algorithm based on Scrypt, corresponding to that of Litecoin, the current problem of the currency is the short time it has had in the market, since its exit at the end of 2019, and after the movements that It has had a market due to the current situation, its value has been considered stable, but not the factors that can also influence is the commercial movement of the currency in exchange, since the exchange list that this currency supplies is limited only to one, therefore, it can be considered a total risk for an investor to resort to future investments with this currency given the pattern that it offers to the market.
Pros
- Cryptocurrency based on a caught source of Litecoin
- High security network thanks to its consensus protocol and time stamp server.
- It is comprised of a highly independent efficient network.
- It is established for the processing of online payments and invoices.
- Recyclable cryptocurrency.
Cons
- The inclusion of other currencies in the Counos platform may overshadow the usefulness of Counos Coin.
- The supply of Counos coin in exchange is scarce.
- its usefulness in the market is limited.
