Some of the cryptocurrencies in the market like Ethereum are prone to hacks and stolen funds. Intentional or unintentional bugs find their way into these crypts, which makes them easy to corrupt, and have funds stolen. Pycoin, which uses a combinatory-based functional language, came into the market to minimize these problems. Pycoin platform uses the Python language and behaves exactly as intended in minimizing run time errors and for launching decentralized applications like scalable decentralized exchanges (DEXs).
What is Pycoin Token?
Pycoin token runs on real-time Blockchain and a synchronized binary DAG. A user needs about 1000,000 Pycoin bitcoin cash tokens to test out some of applications used in real-time events. Some of these applications are DEXs, DNS Clusters, Crypto darkpools, casinos and in gaming events.
Cryptocurrencies
The following cryptocurrencies can buy Pycoin.io.
• Bitcoin wallet
• Ethereum wallet
• XRB
How to use Pycoin io
Once you had your Pycoin installed, you have two ways of interacting with it. These are through a KU command line interface and through a code-based interface. Of the two methods, KU command line interface is the easiest one to use. It also allows the user to understand how Pycoin works faster than the other one. To understand how this works, you should have some basic knowledge of HD wallets.
- To create a transaction, you will also need the Blockchain. The Blockchain must belong to a certain address. You can do this in three different ways
- Install a local bitcoin that will allow you to ask for transactions. This saves you from downloading the whole Blockchain.
- You can also use a SPV server or an electrum to ask for transactions. This will save you the need to connect to unnecessary nodes
- The third option is user-centralized service to get all the information you need. One such service is Blockchain.info. This saves you from trusting a service that might be corrupt and unreliable.
Benefits of Pycoin to the Investor
The demand for Python developers is on the rise every year. This makes the price of Pycoin rise, which is a positive factor for investors. The more the Python language rises in demand, the more people will want to own their own Pycoin bitcoin cash.
Pycoin Cons
For beginners, understanding how Pycoin io works and the language used is a big problem. You need to sit down with a well-versed person to take you through all the loops.
Though Python as a language is very popular in most applications used in cryptocurrency transactions, it is not ascendable for every application.
Links
Medium: https://medium.com/@PycoinOfficial/how-a-generalized-realtime-decentralized-platform-can-enable-hackproof-secure-smart-contracts-4499b3d7eb40
Twitter:
https://twitter.com/i/web/status/971697367706554368
- i/web
Reddit: https://www.reddit.com/r/Bitcoin/comments/6bjypo/pycoin_for_bitcoin_history_question
Earn Free ICO Coins
Users can earn tokens from PYCOIN bounty campaign (https://bitcointalk.org/index.php?topic=2932429.0)
Use BountyPortals (https://bountyportals.com/) to earn tokens from upcoming projects for free.