Review on NewYorkCoin by Olugbenga Ajayi
NYC is good for investment now
NewYorkCoin is a crypto project first launched in 2014. It was designed to to eradicate slow transaction speed and expensive fee inherent to crypto currency transactions. However the project faced some period of inactivity and i believe that answers for the dwindling value the coin has considering the time since it was launched. Recently though the development team are active again and the orice has being up and down.
NYC is an open source project and it has a lot of use cases. It is acceptable as a means of payment and it also has a wallet that is usable on all major platforms like windows, Android, IOS etc. It is designed with a script proof of work.
Personally i found the website very easy to use and navigate. i also appreciate that the project has a good community which makes it to be very promising. Coin of low value like this are good for investment now because with the development team behind it and its dits diversed use cases, it will surely yield a lot of ROI.
Pros
- It is open source
- It has a lot of use cases and it is already acceptable as a means of payment
- Transaction speed is many times faster than many crypto coin
- It is decentralized
- It has zero transaction fee
Cons
- The coin is still of low value
