Review on NewYorkCoin by Joseph Bello
An emerging payment system
New York coin is a blockchain project that was created in 2014 as a means of making payments transactions at no cost between it's wallet owners. Just as I have said the project has been existing for a very long time but it is not very popular as a payment option and this is one of the reason why the coin's value hasn't risen for a while . Cryptocurrency trade is becoming the order of the day and so there's a need for an efficient,fast and affordable payment / transaction coin which is one of the reason the coin is beginning to gain little relevance amongst crypto enthusiast that make use of cryptocurrencies for their business transactions and in the process this will help in creating an awareness about the NYC coin to traders and by so doing the value of the coin might even rise when it has been adopted as a payment option. This is one of the most easiest coin to mine ,you need a minimal power consumption to mine NYCoin as it is very easy to generate new blocks within a short time and so you don't need an advanced/powerful computers and hardware components to mine the NYC coin . The project developers are working really hard towards the success of the project and of recent there has been remarkable result on the projects as it is now being listed on few major exchanges. NYC coin has its own wallet ,the NYC wallet allows the Coin holders to store their NYC using either an android, iOS or desktop device this allows any trader to be able to use the wallet not minding the device they are using.
Pros
- It has its own wallet for all operating system
- It allows traders to make payments at no cost
- Website design was good
Cons
- The project is not very popular
- The coin value is still very low
