Widecoin Review 2024
The impact of technology has impacted various economic sectors differently. The payment systems have had their fair share with the introduction of digital currencies. Today, customers and merchants are embracing new payment methods. The crypto markets keep expanding every day with the introduction of new cryptocurrencies and stablecoins. Cryptocurrency is the future of a decentralized economy since it has all its transactions recorded on an incorruptible ledger known as Blockchain. In this Widecoin review, we will critically analyze some of its features and benefits.
Widecoin
Widecoin is a decentralized digital currency running on reliable and secure blockchain technology. It allows users to manage their cashless payment transactions via a unique digital wallet rooted in a unique digital signature. This currency is accessible through PCs and mobile devices running on different operating systems. Widecoin uses WCN as its ticker.
According to David Jack’s whitepaper, the objective of the Widecoin project is to provide a simple and secure diversified digital asset portfolio. It allows users to make instant payments through a decentralized Peer-to-Peer (P2P) technology through a WCN core, open-source software which supports Widecoin.
How does it work
The main objective of the Widecoin project is to offer a simple customer service that supports a diversified financial product offering and crypto trading. It helps minimize transaction costs while eliminating brokers. Users can purchase and exchange WCNs directly from DEXs reliably and securely. Widecoin team targets retail and private platforms globally, with WCN holders able to access and transact on the Widecoin platform. New users can enjoy the benefits of using WCNs by following the simple steps below:
- Purchase and deposit Widecoin to get WCN coins
- Install the WCN app on your mobile device or PC.
- Transfer your WCN coins to your mobile wallet app or PC wallet after approval
- Start transacting or trading using WCN coins
Features
Widecoin comes with unique features which users might consider before purchasing it over other existing cryptocurrencies. These features include:
- Accessible and transparent transactions – All WCN transactions are recorded on an immutable digital ledger that is accessible to everyone with a transacting address. You can easily access all transaction history using a WCN block explorer.
- Minimal transaction fees – Since users can trade and transact directly with the exchange platforms, there are lower transaction costs while using the Widecoin platform.
- Secure platform – With zero inclusion of 3rd party intermediaries, users can be sure of a zero-risk environment.
- System availability – 24/7 uptime is syncing with the Widecoin nodes around the globe.
- Accessibility – The Widecoin platform is easily accessible using mobile or PCs.
Wrapped Widecoin (WWCN)
Wrapped Widecoin (WWCN) is the powerful gateway of Widecoin with the adaptable portal of an ERC20 token.
Wrapped Widecoin (WWCN) is the ERC20 token backed with Widecoin 1:1. Completely Secure and Transparency.
Website: https//wwcn.widecoin.org
Problem and solution
Physical currency has been associated with unreliable exchange rates, inconveniences in transfers, and higher exchange fees. Many investors have also been left out of crypto investment because of conflicting information and automatic onboarding. To address the general interests of investors to invest in cryptocurrency, Widecoin is a reliable and straightforward gateway to the crypto world. Widecoin addresses the challenges of complex trading platforms and missing records in physical ledgers. It also solves undiversified and unsecured portfolios among amateur traders who trade against bots on manipulated exchange platforms.
Here is the catch:
Widecoin makes it easier for users to create simple payments, spread their financial risks over several cryptocurrencies, and minimal transaction costs. Lastly, through its exchange platforms, it eliminates 3rd party intermediaries.
Technology
Widecoin leverages the power of Blockchain technology which provides an encrypted database of agreements. The Widecoin platform acts as a distributed and public ledger platform with all its transaction recorded on numerous computers, making it impossible to delete or alter records on the network. The database is managed separately through a P2P network and is based on a distributed time-tamping server. Network validation relies on mass collaboration by a group of dedicated individuals.
Mining pools
Widecoin users rely on various mining pools, which offer different mining fees of up to 1.5%. The top mining pools include:
- Kriptokyng.com
- myminingpool.uk
- poolmin.com/
- miningp01.widecoin.org:8181
- widecoin.cminors-pool.com/
- trossmining.de/#wcn
Block explorer
According to the whitepaper, hashrate is determined by the capacity of mining hardware. Thus, in every 5 minutes, 10 blocks are found.
Coin mechanism
WCN relies on Proof-of-Work (PoW) consensus, uses the SHA256 algorithm, and has a total coin supply of 35,000,000 WCNs.
How to buy coins
Widecoin is listed on several exchanges including Txbit, BankCEX, Solidus, Bitsails, atomicDex and Scalaris DX.
Txbit offers to trade WCN with BTC. BankCEX offers to trade WCN with BTC, USDT, and Bank Token. Solidus offers to trade WCN with BTC. atomicDex and Scalaris DX (decentralized exchange) can pair with many currencies. Bitsails started offering WCN-BTC pair and there are plans to increase the number of pairs in the future.
Widecoin Wallet
Widecoin wallet is available in two versions; Core and Lightweight wallets. They can easily be installed on PC and mobile devices running on various operating systems.
Pros & Cons
Pros
- Fast and secure transactions
- Minimal transaction costs
- Transparent roadmap
- Reliable customer support
- Multiple wallet versions
Cons
- Limited information on Widecoin Website
FAQ
Where can you buy WCN coins
Users can buy WCNs on BanCEX, Scalaris DX, Bitsails, and upcoming exchanges.
What are different WCN wallet versions available?
Users can download either the Core Wallets or lightweight wallets on their PCs or mobile devices.
What is the coin mechanism behind WCN?
WCN relies on Proof-of-Work (PoW) consensus and uses the SHA256 algorithm.
What is Widecoin?
Widecoin is a cryptocurrency project running on a reliable and secure blockchain technology that allows users to manage their cashless payment transactions via a unique digital wallet rooted in a unique digital signature.
Summary
Despite the limited information available about the Widecoin project, it stands out as a promising cryptocurrency project in which investors can pump their money. All investors will be rewarded with WCN and become members of the Widecoin community, which is still developing. Once completed, Widecoin will be a leading global P2P digital payment system.
Best NFT Games to Play in 2024
NFTs are the talk of the town in crypto communities at the moment. In a world where people are largely interested in all kinds of collectibles, it was just a matter of time before the great blockchain innovators came up with their own digital schemes.
Now, with physical equity of just about any kind being acquirable virtually, the NFT market has seen massive hikes in traffic, with the market capitalization of NFT was no more than $42 million in 2017. According to projections made toward the end of last year, the current NFT market capitalization is well over $138 million, with more than 140 000 tokens sold to the highest bidder. This is a collection of the best NFT games of the year 2021, enjoy.
What are NFT games?
Operating under established networks, these are Blockchain games in which players wager with NFTs and in-game tokens in a bid to earn a profit. Into more specific sidechain tokens, multiple titles have emerged to facilitate this high-level gaming. These are the upcoming Efinity sidechain, the cheap and efficient Matic network, the conducive WAX and Arkane Network, the Atari Network, and the recent Atari Network. These networks make use of their own tokens, applicable for gaming.
Simply put, the much-evolved Blockchain gaming makes use of the Play to Earn ideology, under which active players earn virtual items and crypto-cash that they can then trade in with other players.
What are NFTs?
Non Fungible Tokens are defined as rare digital materials that represent a variety of items, the likes of artwork, film collectibles, musical memorabilia, and gaming assets, all of which can be actively proven to be authentic and one of a kind. Such items can be of the tangible variety or the intangible variety, and may sometimes even include deeds to small sections of real estate.
These Non Fungible Tokens may be stored and transmitted as tabloids or virtual blueprints. But a large majority of them are in the more familiar form of PNG, JPG, MP4, or GIF format. Some are even stored as PDFs. Basically, any item deemed valuable and one of a kind can be collected and stored as a token, where history has even seen short basketball and NFL clips being collected and monetised.
To ensure that the appropriate credit is given to creators, the tokens can be coded to return value percentages of each sale to the stated owners much later after NFT drops.
Why should you play NFTs?
The tokens are long terms investments, which means they may prove to be even more valuable with time as they appreciate. The value of items is maintained by the reliable blockchain protocol which makes it hard, impossible even, to duplicate or forge valuable collectibles. In today’s world, giant conglomerates and hedge funds have made multi-million dollar investments in crypto, causing a stir in the market and subsequent value spikes. Such was seen when Tesla Motors made a ten-figure purchase of Bitcoin, causing a craze in coin purchases.
All this is beneficial to token owners as they also see an increase in the value of their items. On top of that, NFT games are, overall, fun and exciting experience for those who play.
Top NFT games
The most popular NFTs Cryptokitties and Cryptopunks have seen massive increases in value. At the moment the highest value Cryptokitties rake in over $100 000, while the highest value Cryptopunks take in over a million dollars. With these, here are the most famous free NFT games that have emerged.
The SandBox
The land plots have to be purchased, else the game is free. The digital world operates on the Ehtereum blockchain. A player creates their own Avatar and molds their experiences, sharing them with other, similarly privileged players. An option is also available to play in single-player mode, where the player gets the entire world to themselves.
Players can also simulate their own virtual assets as ERC-1155 token, where they can sell them to other gamers or use them for themselves. $Sand is the game currency, an Ethereum token that they can use as stake, or to make various purchases.
Pros
- Free game
Cons
- The game is yet to be fully released
The Six Dragons
An open-world Ethereum game with a huge player map. The in-game experience features widespread treachery and dungeons that appear at random. The game is free and features no in-game purchases of any kind. The game allows multiple player activity, and singleplayer, in which the ultimate goal is to accumulate player XP, but battling raging monsters of all kinds.
Within the gameplay, players also pick up virtual assets that they can use in the game to craft other commodities, trade with other players, or use in enchantments. The roadmap contains multiplayer aspects implementation.
The game is categorised in Enjin’s Multi-verse of crossover games. Momentarily playable on PC/Desktop, the game is expected to become available on PlayStation 5 sometime between the middle and the end of the year
Pros
- Extensive gameplay
- Free play
Cons
- Intense theme
Axis Infinity
This fun animation is derived from Pokémon itself, where players nurture and breed pets, and thereafter fight in PVP mode. The gameplay awards players SLP credits, which they can use in their breeding projects. The game features its own market where breeders collectively sell and trade in Axies. The trading token in this game is the Axie Infinity Shard (AXS).
Pros
- Ethereum game
Cons
- Axies need to be purchased
Blankos Block Party
This is a free MMO game where players can compete with other players in multiplayer mode. The game gives each and every the opportunity to craft a map and challenge others in custom games. These games may be of the racing, fighting, or shooting variety. The fun game operates on a custom EOSIO network, using $EOS tokens.
New players are given a free Blanko, and can opt to make additional purchases like accessories and the like. They earn profits by monetizing MOOLA tokens, awarded as they play the game.
Pros
- Exciting graphics
Cons
- A non-blockchain game
God’s Unchained
This is an Ehtereum game in which players fight in PVP battles and tournaments. Cards are awarded tournaments, and players can use them in the game or trade them in for Ether. The cards are essentially ERC-721 Tokens whose individual value varies with the relative rarity and the quantity available on the market. The cards are nearly always on demand because of the extensive player pool. They are very valuable assets. The famous Championship tournament is a chance for players to win a share of $570 000.
Pros
- Free game
Cons
- Prone to glitches
Splinterlands
This is an automated card game that runs on a Hive blockchain. The efficient results processing means players can partake in multiple plays within a short time. Each battle is played in a different set of rules and players are matched in terms of their respective skill as measured by the game. Winning allows players to scale the leader boards, receiving numerous rewards in the process.
The game currency is the $DEC and can be traded with ether on exchange platforms.
Pros
- Features a mobile application
Cons
- The game is not free
Light Nite
This game runs on the Bitcoin platform, allowing players to participate in PvP gameplay. Game rewards are given in Satoshi, depending on the relative player skill set. The principle to earning money is quite simple; shoot to gain, lose if hit!
Pros
- Prospects for a mobile app
Cons
- The game is not free to play
9Lives Arena
This is an Enjin Multi-verse game, in which players partake in arena fights in order to earn profits. The game uses ERC-1155 tokens, which can be monetised, or used to play some more.
The objective is to earn profits by winning fights, collecting assets, and crafting commodities.
Pros
- Real-time fighting
Cons
- Early access game, might have some bugs
Lost Relics
This is a single-player Enjin game, that uses ERC 1155 token assets. Players partake in dungeon raid s in which they can loot valuable assets. As the player level increases, the dungeon monsters become tougher and difficult to kill. However, level-ups also come with greater potential treasures.
Pros
- Exciting game with tons of rewards
Cons
- No PvP gameplay
F1 Delta Time
Featuring the High octane formula one cars, this paid game runs on the Ethereum network, using $REVV tokens. The high-value assets are drivers, special vehicles, and steering wheels, among others. Obviously, these assets are earned by winning races and can be used to make in-game purchases or in trades with other players.
Pros
- Hybrid games
- PvP games
Cons
- Requires purchases
Are NFT Games Safe?
The games operate on blockchain networks, effectively making them some of the safest games out there.
Pros
- Reliable Blockchain operation
- Highly lucrative games
Cons
- Cryptocurrencies are forbidden in some countries
Conclusion
Owning NFT tokens and assets is a good investment for players. Most of these have real-world value and can, therefore, taken to exchange platforms where they are tradable with other currencies. The year 2021 is set to see massive expansions in the NFT market.
SmartMixer.io Review 2024
Have you ever paid with cryptocurrency for any goods or services? If yes, did you know that the recipient of your payment can easily trace the history of your transactions knowing only your wallet address? All the transactions in cryptocurrency are recorded in the blockchain open-source software, but there is a possibility to leave no trace using SmartMixer platform.