Review on NewYorkCoin by Douglas Cachazo
NewYorkCoin (NYC): Payment platform for retailers
Just as countless global payment platforms have emerged for large markets, many have been appearing with emphasis to retail merchants and this is one of them, with many goodness, as it emerges as a fork of litecoin, it takes the good of it and tries to improve, the project based on its own blockchain has as main function to improve payment platforms for retail merchants in principle, then it will scale, I have no doubt about it, its main feature based on its NCY token is to provide high speed transactions without transaction fee.
Its development is completely open source, its code is available in its Github repository, any developer can join the community and contribute improvements and new features to the project.
You can send and receive NYC globally and trade with any merchant from the United States to China. No commission charge quickly, of course there are already some exchanges that operate with NCY currency and it is natural that they charge a commission fee for your exchange on their platforms, these include Graviex and others.
Great project easy to use, for that you just need to download their wallet which is available on any operating system either PC or mobile devices, after that you can send and receive newyorkcoin. They boast that transactions are 20 times faster than bitcoin and 5 times faster than litecoin and that is understandable litecoin is a fork of bitcoin and NewYorkcoin is a fork of litecoin.
Pros
- Good project that comes from a fork of Litecoin.
- Fully decentralized and open source available on Github.
- Payment platform to buy and receive Newyorkcoin already operates globally
- Immense potential for further scaling and improvement
- Proprietary wallet, but already accepted by others
- Very fast and free transactions within its own blockchain.
- Mining very similar to that of litecoin
Cons
- Nothing to say
