Review on Pakcoin by francis fernandez
Pakcoin: allows you to obtain coins for free
REVIEW:
Pakcoin is a digital asset originally from Pakistan, created with the purpose of contributing to the economic growth of its inhabitants through the free supply of cryptocurrency or airdrop and the reinvestment of its resources in the improvement of its network.
Token:
The asset of the Pakcoin platform is identified with the acronym PAK. This token operates on the Litecoin blockchain and serves to monetize the rewards granted to communities.
The PAK token was launched on the market in June 2015 and has a total of shares established as a maximum of 182,000,000 PAKs.
Technology:
Pakcoin for the generation of its cryptocurrency uses the Scrypt algorithm and the consensus mechanism used for mining is the Proof of Work protocol.
By using these systems the generation of each block takes 60 seconds.
Main features:
• It is a mineable asset; ie users can get Pak by mining
• It is an open source protocol; therefore its infrastructure is accessible to developers and other interested parties.
• It is negotiable in 2 or more markets
• The reward for generating blocks decreases every 3 years
• Its platform is compatible with operating systems: Linux, Windows and Mac.
• Allows you to receive cryptocurrencies from anywhere using Adaigi
• It can be used by businesses, institutions and retailers to send digital money to any destination.
• Offers a secure wallet on the same platform
Pros
- Offers free coin distribution promotions
- Allows almost instantaneous transfers
- Allows beneficiaries to receive the cryptocurrency anywhere
Cons
- Low value of the cryptocurrency
- It is traded in very few markets
