Nasdacoin is a decentralized, open-source, p2p, encrypted virtual currency. It is based on a mixture of POW and POS algorithms that allows entrepreneurs to save and invest wealth in a secure, scalable, and profitable manner.
The market
Cryptocurrencies have seen a significant increase in growth and popularity over the past few years. The market has grown from a mere $7.1 billion in 2014 to a whopping $117 in 2017. Nsdacoin creates a new way to invest and earn for people who wish to combine the concepts of assets and technology together even further.
Nasdacoin (NSD) is:
The ecosystem
Nasdacoin bases its ecosystem around miners. They provide their computing resources to the platform and are, in return, rewarded with NSD.
Additionally, there is an opportunity for POS mining where users are to acquire a certain amount of coins that they then have to store in NASDACOIN-QT for a minimum of 15 days in order for the begin mining new blocks.
The coins can then be moved and returned to the wallet after a period of 90 days. This way the same coins will generate even more revenue.
POW mining with CPU or GPU hardware is also available to users but it seems like a worse alternative in comparison.
The marketplace
Nasdacoin has developed their own marketplace where goods and services can be purchased in exchange for NSD.
The marketplace itself is nothing to write home about, but it does feature a few interesting deals like a 4K Samsung TV, MacBook Pro, iPhone X and a PS4 with a God of War bundle so if you really are into gadgets, Nasdacoin’s marketplace can bring the ball home for you.
Exchange
Nasdacoin has developed its own exchange platform paired with iOS and Android apps where you can trade internal without worrying too much about overspending on commissions.
What’s really impressive about the platform is the sheer amount of analytics it provides its users with. You’ll be able to keep your finger on the pulse of several markets on the fly and all you’ll need is your smartphone.
Credit Card
To top things off, Nasdacoin has issued their own credit card that reloads cash into your balance directly from your digital wallet. In simpler words, you will be able to purchase goods and services with your Nasdacoins in any place that accepts VISA cards without any hustle.
Nasdacoin seems like a simple, yet a promising project that, while not bringing anything particularly new to the table, focuses on polishing those aspects of the crypto industry that we’ve grown so fond of. And isn’t a stable, reliable, polished solution a better alternative to unreliable innovation?
