Review on Semux by David Olayide
The Semux Cryptocurrency
Semux is described as a high performance output blockchain platform that supports decentralized applications. The project was written in the programming language recognized as JavaScript. It is powered by the Semux BFT consensus algorithm. The is also one hundred percent open source and community driven. There is a total maximum supply of 32,000,000 SEM coins and a circulating supply of about 11million. I discovered that it is possible to mine this SEM coin. However, by the year 2031 it is expected that mining activities will come to an end.
After coming across this project one of the things I immediately wanted to find out was the price of the SEM coins. Usually this is one of the most important factors that most crypto investors want to know about. SEM is currently about $0.00858948 in price which makes it rather low.
The project is fairly secure due to it’s open source nature so you can indeed relax and be assured of the fact that there are no malicious lines of code written to defraud you of your funds. You can download a mobile wallet to store your SEM coins. I was able to get a link to the wallet on the GitHub repository. SEM can traded on a couple of exchanges like STEX, and Citex.
Honestly the project is still very young and has not really attracted a lot of solid investors to it’s platform. Hopefully it will evolve to become a more respected and fulfilled project with maximum following and support from the crypto community.
Pros
- SEM is written totally in JavaScript
- The Semux project is open source and very secure
- You can mine SEM conveniently although mining will eventually stop after some years
Cons
- The coin has a very low price and thus is not very profitable
- The project is yet to generate support and recognition from the crypto community.
