In today’s world, most people rely solely on physical currencies to do their everyday transactions. However, conducting bulky transactions is challenging due to the inherent risks associated with handling large amounts of cash. Those involved in international trade often incur substantial conversion fees. There also exists the challenge of keeping records of how physical money is spent.
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Briskcoin addresses all these issues through its blockchain-based payment-focused approach. This project allows anyone to execute cashless payments via the blockchain efficiently. This article discusses the project’s key features, its native cryptocurrency, and its development team.
What is Briskcoin?
Briskcoin is a blockchain project that facilitates peer-to-peer payment without the need for intermediaries. Inspired by the Bitcoin blockchain, Briskcoin enables users to send, receive, and manage their crypto assets independently.
Since Briskcoin’s transactions are stored on-chain, no central authority can manipulate the ledger. Additionally, anyone can verify transactions without a middleman.
Like the Bitcoin network, Briskcoin adopts the proof-of-work (PoW) consensus mechanism to mine blocks. In the PoW system, miners solve complex cryptographic problems. The first miner to solve the puzzle adds a new block to the network and receives a reward. Although this process is not as fast as the proof-of-stake (PoS) model, it offers top-notch security and decentralization. This way, users are assured of the safety of their assets. Briskcoin’s website explains the procedure for anyone who wishes to become a miner within its ecosystem.
Briskcoin is accessible through wallets available on Android, iOS, Windows, Mac, web, lightweight, and Linux devices. This diversity of devices ensures that the blockchain project is accessible to everyone regardless of their devices.
Why Use Briskcoin?
Briskcoin boasts several key properties that have brought it much attention in the crypto market. They include the following:
Transparency
Public blockchains are renowned for their transparency, which means that transactions are publicly viewable by anyone. At the same time, no entity can alter or delete on-chain data. Briskcoin leverages this transparency to enhance users’ confidence and trust in its operations.
Low transaction fees
Transferring fiat currencies across platforms can be expensive, depending on the institution and the type of transaction involved. International trade is even more costly. However, the opposite is the case for blockchain transactions. Since there are no intermediaries between the buyer and seller, Briskcoin facilitates low-cost transactions, saving everyone extra pennies.
Eliminate intermediaries
Anyone keeping their fiat currencies in financial institutions often surrenders their personal details by undergoing a know your customer (KYC) assessment. As a result, the users are at the mercy of the companies holding their money. Briskcoin’s underlying technology eliminates the need for an intermediary. Since transactions occur from a non-custodial digital wallet, users can operate without divulging personal information. They are protected from high fees and the risk of losing money due to bankruptcy.
Progressive Roadmap
Briskcoin has a four-phase roadmap guiding its growth. As of this writing, the project has achieved the majority of the items on its roadmap. This indicates that the project’s development team is actively working to maintain Briskcoin’s stability and progress.
Social Media Presence
Demonstrating its commitment to maintaining a long-term market presence, Briskcoin has established a strong social media presence across multiple platforms, including X, Discord, Telegram, and BitcoinTalk.
Briskcoin Crypto (BKC)
BKC is the ticker of the Briskcoin project. It has a total supply of 35 million tokens, where new cryptocurrencies are created through block mining. 10% of its total supply is earmarked for early investors, centralized exchanges (CEXs), the project’s team, the community, and the project’s overall development.
BKC is available on CEXs like VinDAX, NestEx, and FreiExchange. It is also accessible via decentralized exchanges like Komodo and Firo.
Pros
- Established social media presence.
- Low-cost transactions.
- Detailed roadmap.
- Secure network.
- Detailed whitepaper.
Cons
- Minimal CEX and DEX listings compared to competitors.
- Followings on social handles are lower than most blockchain projects.
Conclusion
Briskcoin is a blockchain project designed to streamline daily transactions. Instead of relying on traditional financial institutions that come with censorship and high fees, Briskcoin offers a path towards seamless money movement. This article highlighted its unique features. Before deciding whether to invest in the project and its native cryptocurrency, BKC, ensure you conduct thorough due diligence.
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