Is “Beacon” Yummy — or a coin for the Dummy?
Currently, over 3000 different cryptocurrencies are listed on sites like Coingecko.com and Coinmarketcap.com . Every month they are getting more and everyone knows that most of these projects bring real joy only to the founders, while no value is added for everyone else.
So how can we spot coins that are not mere shitcoins for dummys, so that we too can benefit from them? What can the new coin do? What problem can they solve and does the whole concept have any logic at all?
A long-term investment should only be made with coins that convince us, so we need to identify and highlight the possible usage scenarios. Good clues provide us the so-called "whitepapers" of the coins that describe the coin and explain the meaning. Many coins are eliminated at the first inspection, because there is either no added value or it was formulated so veiled that it makes no sense of gut feeling in any way. Actual game changers and developments are rarely seen, but that makes it even better, if you find them in the jungle of thousands of those shitcoins.
Remember, almost all coins are based on the same basis that is freely available on Github. Too often only name and logo are exchanged and started, some even call them selfmade then.... This can not work! (for others than the founder)
There are few currencies that arouse my interest today, you maybe know its mainly coins based on the "Proof of Stake" architecture. These coins reward their users for keeping the coins and providing the network with confidence that they can serve as node points and keep track of transactions. The more an account already holds on coins, the more it gets as a reward from the network.
Many shitcoins are tempted to put these rewards far too high and thus actually be attractive in the short term, because those who join in very early and then quickly leave the coin again with a profit can make good money. In the medium and longterm, however, the value almost always approaches zero, since nobody needs the coin anymore if it offers no benefit!
Some coins also offer the option of creating so-called master nodes, which are nodes on which a certain amount of coins must lie and which remain permanently accessible in the network (Internet) and serve as a mirror of the transaction history. The most popular website for finding this masternodecoins is "masternode.online". Such coins are now very popular and if you are reading this text you may already have heard of it.
A very promising coin for me, I want to show you today and explain why I see the potential is Beacon. Even the already closed partnerships are a argument, because established coins are on board.
The framework provides the well-known Trittium-wallet so that already from the start Windows-, Mac-, Web- and Android-wallet will be available. In addition, a partnership with CFL (Cryptoflow) completes the entry, as this can soon be easier normal money such as euros or dollars directly converted to CFL or TRTT or Beacon. The founder of beacon has already written several articles for other coins, proved his knowledge and is a marketing ass (ace) :) . Coupled with the strong partners, I therefore see an extremely good potential for the coin.
Proof of Consumption or Utilities coin means that the Coin is already designed to reward the shareholders by its use case. That's the future!
Because while others just tell you to have a use case, a PoCon (Proof of Consumption) Coin proves its functionality by making it successful and exciting for the Coinholder only through its use within the sourcecode. Beacon directly provides several use cases that you can find in the white paper:
https://beaconcrypto.org/content/uploads/whitepaper/Beacon_White_Paper_v1.2.pdf
Do not miss this coin and keep it on your radar! i can see a long lasting ride for this coin and i am quiet sure it will be one of those that stick out and provide us with some real usage and value. :)
