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Review on WhiteCoin by Alex Martakov

Revainrating 4 out of 5

In the short term, WhiteCoin can make a profit on the background of news events…

In the short term, WhiteCoin can make a profit on the background of news events. The inclusion of this cryptocurrency in new services and stores will increase user activity, which will have a positive impact on the growth of the value of digital money. A similar effect will be achieved through partnership agreements with large companies and international corporations.



Pros
  • The emphasis is on maintaining the following network principles: (+)- anonymity - participants do not need to provide real data for transactions; (+)- publicity - data register makes operations transparent; (+)- security and reliability of the source code of both the cryptocurrency and the integrated wallet; (+)- high speed of transactions - the block is formed in a few seconds, which speeds up the confirmation of operations; (+)- decentralization - the network is formed and maintained by the community itself. In terms of technical characteristics emphasizes sustainability WhiteCoin. Consensus - building Protocol-Proof of Stake third version, allowing users to receive passive income through interest charges. At the user level, there are also the following benefits: (+)- full range of services for financial transactions; (+)- the wallet supports the functioning of major Fiat and digital currencies; (+)- simple and user-friendly interface that makes working with cryptocurrency understandable to most users. Community support from WhiteCoin developers focuses on three main committees. Each of them is engaged in a certain vector of development: (+)- writing, evaluation and testing of code, analysis of efficiency and potential network; (+)- marketing promotion of the project, communication with the community; (+)- identification of further development goals and strategies.
Cons
  • The main factor that can negatively affect the development of WhiteCoin is the competitiveness of the project. The number of cryptocurrencies offering similar operating principles is increasing all the time. Many of these developments offer integration with smart contracts, as well as other original and popular ideas that can support their growth in the global perspective