Zennies Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Zennies Coin consists of three chapters: origin, technology and pros & cons.
The Zennies coins derive their name from the Japanese term “Zeni” which means small change. Zennies coins are cryptocurrencies, meaning that their validation and value exchange operates on a decentralized computer network. Zennies coins launched on the market in April 2017 at a value of $0.00208028. ZenniesCoins are still considered as new in crypto currencies.
- Just like other crypto currencies, Zennies operate on peer to peer basis. This means there is no government or agency involved in managing Zennies coins.
- Zennies coins are based on the Scrypt Algorithm and makes use of the “Proof of Stake” method of consensus
- Zennies are not just new in the field of crypto currency, they are also based on a novel idea. Currently, you can mainly use the Zennies in an arcade gaming platform called “Zenigames”. Here, Zennies take the form of rewards.
- The concept of mining is very central to the smooth working of any crypto currency. Mining helps increase the supply of crypto currency. In the case of Zennies, mining involves gamers playing the Zeni games. The gamers receive rewards in the form Zennies. The miners (winners of Zennies) use this crypto currency to buy more games or in-app features. Zeni distribution system are at the heart of the games. The arcade sites fetch Zeni arcade games.
- Like other crypto currencies, Zennies coins are stored in digital wallets. Despite their various forms, they perform the same functions. The most popular of these are mobile wallets. Other options are web wallets.
- Like any new product in the market, this cryptocurrency can offer good gains for early investors. This might make it a lucrative deal for people who like to invest in virtual currency early.
- Because of the novel and fun idea at its foundation, Zennies coin has a lot of potential.
- It is a new currency among thousands of cryptocurrencies, hence not very popular and low liquidity.
- At the moment, the currency has limited use i.e. in the gaming arena for the payment of game prizes.
Trading of Zennies coins is complicated and risky. This might keep it from becoming a popular investment in the world of crypto currencies.
If you have concluded that this is the coin for you, congratulations. Buy Zennies coin here.