Neoscoin Exclusive Review
- Market Cap: $190,000
- Maximum coins issued: 21 Million
- Hash algorithm: Multi-algorithm (your choice of algo): SHA-256, Blake-256, X11
- PoW or PoS: POW
- Is it able to be mined: Yes
- Exchanges: BitTrex, C-CEX
- Block explorer: Neoscoin Explorer
- Launch date: August 24th, 2014 5PM EST
What is the coin’s purpose?
Neoscoin LogoNeoscoin is the first PHP wallet and provides access to multiple coin exchanges so you can trade directly from your wallet. The built in exchange conforms to a similar look to that of BitTrex so you don’t need to learn a whole new interface. When making transactions, you have the ability to turn on anonymity features. Neoscoin anonymity is achieved by sending your coins to a multi-homed farm that triggers a transaction to the recipient, all of which is done automatically by entering the recipient’s Neoscoin address as the payee. Neoscoin named this feature “Arbitrush.”
What problem does it solve?
Neoscoin allows for mining via three different algorithms, X11, Blake-256, and Sha-256, instead of forcing the miners only to use one algorithm to mine. That is a huge improvement for everyone. ASIC miners are more interested in Sha-256, but they don’t drive the difficulty sky-high for GPU miners on Blake-256 and X11.
There has never been a PHP based wallet until Neoscoin came along. The current interface uses the “SB Admin” theme from Start Bootstrap. The Neoscoin wallet also comes in the QT (Bitcoin Core style) flavor along with the web wallet. The informative Neoscoin video teaches you all about Neoscoin’s capabilities and seeks to clear up any misconceptions some users may have about Neoscoin.
Who are the developers?
“Syntaks” is the lead developer of Neoscoin and has been involved with the development of Bellacoin and other various coins as a contract developer. Syntaks works with two other developers to maintain and develop Neoscoin.
What are the coin’s future endeavors and how do they plan on achieving those goals?
Neoscoin is integrating arbitrage trading into the web interface for coin-holders to trade across various exchanges they integrate. Neoscoin has not yet set a date for when they will deliver this new feature.