PAXCOIN - The New Era of Real Economy

hirushaperera (38)in #cryptocurrency • 6 years ago

Hello my dear friend. Peace and prosperous greetings are always for all of you who are reading this article. In this meeting, I will introduce future projects aimed at offering a one-stop platform for users of this Project.Many countries and citizens have been left behind in a new revolution called Blockchain, we will connect the dots and offer the best service using best practices from top global organizations.The project I am about to introduce is called " PAXCoin ".

Unfortunately, Bitcoin suffers from the fast growing usage. The most significant problems are the insufficient transaction capacity, slow confirmation and high transaction fee. Due to the inflexible high distributed nature of Bitcoin network, it’s impossible to fix some critical flows. Rather than perpetually fix the original Bitcoin project, people prefer to invent some new projects.

Then Ethereum, Monero, Stellar, Cardano and many new blockchains have been invented in these years. Almost all of them are trying to fix the problems existing in Bitcoin while adding some new features to their projects. However, they can’t rescue the original Bitcoin network from the fast growing pain, and can’t help each other neither.

PAXCOIN has been developed to be the most applicable for the original purpose of encryption currency. paxcoin is based on the most valuable platform, Bitcoin, and has better performance than litecoin or vertcoin etc. paxcoin has eliminated the concentration of Coinmining by large mining tool manufacturers or multi-pool miners and has allowed miners to be equitably mined. This will provide opportunities for all miners to compete fairly, allowing more participants to benefit from mining. This will create a healthy paxcoin ecosystem and allow more users to buy and sell things with paxcoin , and making paxcoin even more valuable. In addition, the commissions generated through the transaction have been distributed equally among the mining participants around the world, laying the foundation for more people to participate in mining.

Further, paxcoin was designed based on the Bitcoin, which is securing best safety and security, and by maintaining compatibility with the Bitcoin API,it is easy to integrate into existing applications supported by Bitcoin. paxcoin uses the proven Scrypt encryption method in Dogecoin and litecoin . Also, in order to reduce the long block formation time, which is a problem of Bitcoin, it extended the block size to 2 megabytes and implemented the transaction time to less than 1 minute.

When it comes to PAX wallet,

)

It have both pc and mobile wallet. paxcoin's wallet provides the Native Wallet that does not require administrator control based on the principle of Do not allow the third party intervention, the basic philosophy of Cryptocurrency, and safely manage crypto assets in every case.

This paxwallet cant be hacked because the wallet accessed by member id has a structure that can store the information in the server's database, it is impossible to completely safeguard against the risk of hacking through any route. In addition, the address created in the exchange's wallet is actually borrowed from the address of the exchange-owned wallet, not my address on the Blockchain and the stability of the exchange is directly related to the stability of my assets. On the other hand, our Mobile Wallet is a Client Type Wallet with information about where I installed it, and it is free from server hacking because it does not keep the password set by the user on the server.

Conclusion PAXCoin seems like a solid company without any visible problems at first sight. There are no glaring red flags and nothing indicates a scam, especially the fact that their bot is not a miraculous tool that promises to make you rich, only an artificial intelligence whose objective is to aid investors with information and simple tips.The company seems to have a solid business plan and a clear goal of its future, so that is also a positive point about it. In fact, there are not many concerns to be raised about the plans of the company for the future.