Review on MonaCoin by Syed Adnan
It is expected to be an Ethereum competition.
It has a strong presence on Japanese soil with which more customers and merchants deal with it. It may attract more Asian investors as it shares the most features with Bitcoin, Litecoin and Ethereum.
๏ปฟ
Japan has already legalized cryptocurrency, a recognition directly contributing to global recognition because of a lack of ambiguity about its future in the country.
๏ปฟ
Supply is higher than Bitcoin, and it is likely to be a long-term investment with low peer-to-peer payments being recognized with lower transaction costs.
๏ปฟ
Pros
- Decentralization - This prevents centralization of large minerals and reduces price volatility.
- Protected - Users can make secure transactions as a script algorithm.
- Fast - this can be sent almost instantaneously because the power network is implemented and the cost is very low.
Cons
- This seems like a simple, fast bitcoin. But again, there are plenty of these kind of coins.
