Review on Phoenixcoin by Pedro O. Alvino M.
Cryptoactive with a market trajectory since 2013.
A project developed in 2013 based on the Litecoin currency, its endorsed services mainly focus on a flexible mining process for users through graphic cards, thus avoiding high computational resources.
The project is based on the community so that it necessarily depends on donations for the development of the project, since the current market for the PXC currency is somewhat consistent, in which the availability of the currency is located in two exchanges with very little commercial liquidity.
The project has wallets that serve as a means to receive the PXC coins and send in the way that is designed as a means of payment at a global level, however the current situation of the project is leading to an unexpected closure, in the way that when composing its own chain of blocks requires expenses for its operation, in addition the funds necessarily depend on donations and the market capitalization of the currency is very low.
Pros
- It has a flexible GPU mining mechanism.
- Offers wallets supported on various desktop operating systems.
- It has its own chain of blocks.
- It has a great track record in the market since 2013.
Cons
- There are already a large number of projects focused on the payment system.
- Very little detailed visualization of transactions on the project's blockchain.
- The currency has very low market capitalization and low trade volume.
- The project is in a phase of abandonment given the little development that it has counted.
