This is an altcoin that labels itself to the prefect Bitcoin alternative. While it is still relatively green in the crypto sphere, PostCoin significantly has the upper hand over other newbie coins in that it possesses a tangible investment appeal. This makes it a subtle platform for investors who want to rake in respectable amounts of income without breaking a sweat.
Contrary to its competitors, PostCoin has its own wallet in which members bank their funds, as opposed to the conventional use of third-party institutions.
For security purposes, this network a proof-of-stake mechanism. Nonetheless, mining coins is simple and does not require extremely powerful computers or any other specialized equipment.
This altcoin came to the fold in the first quarter of 2016, when the pioneering PostCoins were distributed equitably among members of the www.bitcointalk.org online forum. The remaining coins were destroyed by sending them to an invalid address. To block malicious individuals from intentionally ‘resurrecting’ the ‘dead’ PostCoins, multiple layers of security were imposed to the recipient addresses.
Practically, penetrating the security features would require an endless chain of interconnected supercomputers. In other words, it is completely impregnable.
Investments Portfolio PostCoin
Every user of the PostCoin Network is entitled to an investment portfolio. This acts as the bank account, where members’ income is stored. However, it is worth noting that the amount of passive income one earns is dependent on the portfolio package one buys after registration.
Currently, there are three choices on offer, namely Light, Conservative and Palladium. Besides receiving a higher passive stipend, owners of more costly packages take homer higher percentages of profits from the company’s Crypto-compass projects, as well has having the ability to invest higher amounts of Bitcoin than low-end bouquet users. The most exciting part about these portfolios is that all of them are insured against financial risks.
While portfolios are open to all investors in the PostCoin network, there are some crucial regulations that users have to meet. Firstly, approval of portfolios take a year from the date of application.
If you already own one, it is imperative to maintain the balance above the stipulated minimum. Failure to adhere to this leads to closure of your account after the issuance of a three-day notice. Investors with ranks are privy to discounts when registering their portfolios.
This is a complimentary feature to the investment portfolio in that it also stores users’, earnings. Moreover, the source code of this wallet is available online for multiple platforms including Windows, Linux, Mac and the Github online repository.
Therefore, to access this wallet, users have to download the files and install them on their local machine. Furthermore, the wallet is not limited to one IP address at a time, hence a user can have it installed on several nodes at a time.
The first step in PostCoin’s strategic plan was to develop a functional wallet that can perform online transactions seamlessly. Now that the plan is successful, the project’s next move is translating it to multiple languages and continuing with research on how to make it even better!