Write a review on Pakcoin using the Carousel widget by Revain platform.

Pakcoin widget Carousel | Revain

Pakcoin (PAK) is a cryptocurrency . Users are able to generate PAK through the process of mining. Pakcoin has a current supply of 68,594,750. The last known price of Pakcoin is 0.00353484 USD and is down -0.01 over the last 24 hours. It is currently trading on 4 active market(s) with $3,031.51 traded over the last 24 hours. More information can be found at https://www.pakcoin.io/.

pakcoin-logo-5cc8b804-1d84-4016-a63a-1c756b763d96.png

Pakcoin

Crypto Projects

P﻿akcoin was a crypto coin born by the innovative work of Aba Sharer and it is the first and the most popular Pakistani crypto currency. Pakistan, a populous country with most of his populace far behind in crypto currency now has pakcoin to ease the stress and centralization attributable to flat currency.

Pakcoin is was launched way back in 2017 and by then was mined using proof of work but today it is mined using proof of stake and it is widely adiadoptedamong the Pakistani because it is widely accepted by most local e-commerce and businesses as a means of payment. ﻿

Pakcoin development team has it all already well planned out by making a decentralized payment network like adaigi their partners in such a way that when a customer received pakcoin, he or she does not need to exercise fear of what will be the future of the coin since it can instantly be exchanged into flat currency on adaigi.

The only snag I see is that pakcoin is not yet popular in other countries. 

A viable project with good partnership

For me innovation is useless if there is no genuine utilization of it. We do see altcoins, savvy contracts springing up ordinary promoting themselves as extraordinary advances. The conviction is that crypto coins can supplant customary paper notes and be responsible but then spare millions if not billions in reproducing and printing of paper cash cost to the public enquirer.Pakcoin is Pakistan based digital currency (roused by auroracoin), with essential spotlight on Pakistan and Pakistanis inside and outside of Pakistan and worldwide clients are energetically free to partake in any capacity with pakcoin. It depends on Litecoin. Pakcoin hasn't got a lot of development in the innovation part however is imaginative on genuine utilization. It's pushing on the main part and that is adoption.Pakcoin has got tellers, they are eager individuals ready to help other people in teaching about pakcoin and giving them pakcoin against PKR (neighborhood money). They acknowledge bank, versatile or money installments and send pakcoins to purchaser. So the purchaser is eased of the issue of getting bitcoins from BTC trade, sending them to the pakcoin trades and afterward getting pakcoin. That is the best piece of Pakcoin. It very well may be recorded if there is a stage like localbitcoins, which is in plan.The potential is immense. You can see that with the bitcoin which began in pennies and now in large number of dollars. Why I am alluding to BTC is on the grounds that it has true usage.Remember that there is a great deal to do with it alongside teaching public about it, remember that Pakistani individuals are gullible in this innovation and are getting mindful of. The remainder of world is now 7-8 years in front of them. The tech will be supported when State Bank of Pakistan would give it a spotless chit, at this moment SBP is of nonpartisan position. Additionally, pakcoin splitting would do much at it's cost also.

The future of pakcoin

The Pakcoin ﻿project is one Crypto project that can be said to be focused on the local population of Pakistan and comes with a singular and major use case; to facilitate Peer-to-Peer transactions. The project has come up with a business plan to solve the issues faced when making use of Fiat currencies to make payments. This solutions can be found in the fact that it's transaction fees are quite very low but they are dynamic, meaning, it might be higher or lower depending on the amount of Coins to be transacted. Also, the speed of making this Transactions is close to instantaneous as every transaction made is added to it's Blocks for confirmation which takes just one minute. With all these solutions, Pakcoin has really been an invitation to cryptocurrencies usage in Pakistan particularly but it's usage worldwide is still very limited. Making use of PakcoinI in Pakistan is very easy as the number of retailers accepting the Crypto coin are very largely concentrated there but has no partnership with the outside world. This is probably what must have limited it's wide adoption in other countries. Aside from that, it's unpopularity spans into the number of exchanges that supports the trading of the coin. As Pakcoin is listed on just two unpopular exchanges with a trading volume not exceeding hundreds of dollars, it doesn't look like an investment asset to people outside of Pakistan
The Pakcoin is actually mineable using the Proof of Work Consensus Mechanism and it's Validators are rewarded for their work in securing the network. It only takes 1 minute for a block to be added to it's Blockchain which makes its transactions very fast and ideal for business transaction. There is also a Halving that occurs every three years which expectantly, should help push price up but looking at the statistics of the coin historical price movements, I don't see much potential in it until wide adoption takes place. The information displayed on its webpage is quite distorted with one info counteracting the other. This should be looked into to help establish transparency. It's in the broader sense, a good project with a lot of prospects but being confined into one country can't really help matters. It's partnership should span into other big time international retail stores and that should be what can help the project in a massive 