Review on Peercoin by Alex Martakov
As a result, the following situation is obtained - the platform has been in…
As a result, the following situation is obtained - the platform has been in existence for 4.5 years, but it is not known or in demand. Therefore, it is not known what long-term investments in the described project can lead to. Because the serious growth of the rate of this crypto currency can not be expected, unless the developers take the project seriously.
Updated 5 years ago
Rating changed from 2 to 3
Project very good and repair cons! Good luck and go up! You have everything to escape! So I will continue to watch over you!
Pros
- (+)- protection of information using the algorithm Proof-of-Stake. This platform was the first to use the described algorithm, which is characterized by low demand for resources and energy saving mode; (+)- no limit on the maximum emission. Peercoin is not protected from inflation, and the price of PPC coins decreases periodically; (+)- the lack of anonymity for users of the system. In this case, only the use of the algorithm Proof-of-Stake is clearly considered a full advantage of the platform. Although new blockchains prefer to switch to more advanced and user-friendly algorithms (for example, DPoS, which developed the idea of PoS). Other features of the Peercoin network are perceived by users as problematic issues that hinder the development of the system. It is because of them, according to analysts, the PPC coin has not received (and probably will not receive) widespread distribution.
Cons
- First, the developers carried out global updates and did not introduce new technologies. For this reason, the platform is currently running on outdated algorithms. Secondly, although the exchange rate has slightly increased relative to recent years, its market capitalization is at a low level. This does not allow it to compete with the leaders of the crypto-currency market - Bitcoin, Ripple, Ethereum, etc. Third, the developers did not invest in the necessary degree in the promotion of their offspring. As a result, a small number of users know about Peercoin, and there are no prerequisites for the growth of popularity.
