There is always an aspect of caution when it comes to stepping into cryptocurrency market, as it is the case with most other online-based services. But how can you make sure you are safe? Well, it doesn’t get any better than making sure you are not taking chances with any site you want to venture into, and Namocoin is no exception.
It is most likely you are looking into trying this currency, and the first step is always checking whether it is for you. Let’s look at what it is about and see if you can trust it.
This currency is a revolutionary one, built with a variety of idiosyncratic traits that make it more than just a typical cryptocurrency. This currency comes with unique implementations and features, and with a lot to offer in the world of cryptocurrency.
Namocoin has several specifications that make its use quite easy if you are a first-timer here. It uses an algorithm, also known as a coin type, of PoS-PoW, with the block time going for 120 seconds; the reward at 20 Namo and the size is 1MB. So far, the currency’s coin supply is at 1,200,000,000.
Wallet and Exchange
Another impressive thing you will come to love about NamoCoin is its wallet as well as the options for exchange. The first step to dealing with cryptocurrencies is to have an ideal wallet where you can safely store your coins. Well, NamoCoin offers a window coin wallet that you can keep your coins without the risk of compromise.
The exchange is also interesting, as there are some options to choose from, although some of them are still in the making. However, you can count on Cryptopia for your exchanges, and in the future, you will be able to make the most of its other options like Nova Exchange and others that are yet to be developed.
NamoCoin Mining Pools
When it comes to mining, you can be sure to get a few rewards from any cryptocurrency blockchain, and this one offers a great deal here. To mine in Namocoin, there are two pools to choose from, all of which can be quite helpful when it comes to making the most out of your mining ventures. These are steamoctanepool and profit pool, both of which can go a long way to achieving the best results in mining.
Is Namocoin Genuine?
When you look at the design of this cryptocurrency from the basics to everything else about it, there is always an apparent sense that it is a genuine option. And when it comes to blockchains and cryptocurrencies, we all know that decentralized design is usually the determinant of whether the system is secure or it is just a sitting duck.
This could mean all the difference since in this case, the control of the system is entrusted with a central authority to monitor the system, but everyone plays a role in keeping it safe. With Namocoin, the system is fully decentralized, with transactions operated using mining. So you can be sure that this option is a great one for you as your investment will be safe.
Our verdict is that this cryptocurrency is not only ideal but also a legit one that you can count on at any time.