About Florin

Florincoin Review: Mining Guide, Price & Analysis of the Florincoin Cryptocurrency

Florincoin is a crypto coin with an additional feature. It was created for investors to mine and present transactions as their own when transferring data. This is because they have space for comments in the algorithm when miners are effecting transactions. The comments can either be personal or public. Florincoin employs the same technology as other coins. This is the decentralized ledger system where there is the recording of transactions in a digital form and encryption of the same transactions to prevent theft of private information. The system also provides a coding system, script for secure submission of transactions.

Florincoin is a community based digital currency that embraces the blockchain and has an additional comment allowance when sending transactions. It allows 528 characters to be added with each transaction sent. The additional features embedded in FLO, can help content creators copyright their songs, videos, writings on this very secure platform. No other coin is similar to Florincoin so far due to this feature.

Medici Ventures launched Florincoin in 2013; with the aim of developing a devolved social media experience for example Twitter. There was no Initial Coin Offer (ICO) for Florincoin. Florincoin is a combination of both bitcoin and litecoin.

Mining Guide

Mining coins is as important as mining gold. The notion that all cryptocurrencies being traded are scams is a thing of the past. It’s a good decision to embrace that coins are here to accelerate us to the top through their great returns on investment. It is advisable to do your research on the coin though before investing.

Potential investors are always intrigued by how they will earn from an investment. Investors can buy and sell Florincoin on poloniex and Bittrex cryptocurrency platforms. Initially, investors could only exchange FLO coins for BTC or USD. There are two types of wallets in Florincoin; the desktop and flovault wallet. The latter uses a browser to minimize the probability of the crypto asset operator disappearing with the finances.

In order to store FLO tokens, users should install a user loader from the legit website and install. On clicking the request payment tab, the user gets a unique wallet address on which FLO can be received and transferred. Mining FLO only takes 40 seconds. This is the fastest I have seen a coin being mined. Mining is made complete by using the proof of work program and the coding program script. Mining can be effected for main pools including; aikapool, mining Dutch, the Alexandria pool, and Suprnova pools. Mining coins consumes much power due to the high capacity of the miner and the required mining period of each Florincoin.

 

 

Price and Amp 

Pricing is very essential in digital currency. The prices of coins show the direction the coin is headed in the market. The higher the price of Florincoin, the more the supply of Florincoins. A high supply of Florincoins means more profit for the miners. Florincoin ranks 195 in the coin market.

The true price of Florincoin is $0.01308. According to the price chart, the daily change in the price of the coin is 24 -13.51%. The total volume of Florincoin is only 232.37k. The market contains 160 Million coins in totality and the capitalization is 7,633,920.0 USD. The total supply of FLO is 152,351,008 FLO while the highest supply is 160,000,000. This is a very low amount of FLO in the market and this needs to change. If this amount scales high, the capitalization of Florincoin in the market will be great.

Analysis of Florincoin

The information gathered on Florincoin is enough to show that the coin is legit. It is a trusted investment and one which is clear and concise. FLO has recorded the fastest speed in block generation since the start of coin mining. It is amazing how transactions and messages are sent almost immediately due to the high speed. Florincoin can earn higher profits than bitcoin since it can support 160 Million coins while bitcoin can only support 21 million. Having 160 million coins in supply makes it easier for FLO to generate more blocks thus store more transactions.

Florincoin has over the past years appreciated in value and the trend is expected to continue. The ability to add characters to transactions is a plus to Florincoin as instructions can be pegged to a certain transaction. It is however disappointing since the comments can be accessed by every user in the digital ledger. Private messages cannot therefore be sent. In order to convey private messages, the user should code the data to be sent. This is a hustle for ordinary persons who don’t know how to code information on the decentralized ledger.

Florincoin has made it possible for content managers to possess intellectual wealth. Content makers can have their information signed and dated by miners. Investing in Florincoin could lead to better opportunities ahead. Gamblers can also benefit from evidence of publication, a concept that is meant to prevent theft in casino games. Flodata is a data automation software that can hold up to 1040 bytes of information after which it is immutably stored kept in the FLO network. In case of any queries regarding Florincoin, the FLO community and support team can be accessed through Reddit, Twitter, Facebook, website at flo.cash

Our Take on Florincoin

Florincoin has been in operation since 2013. It is a great investment with new characteristics that are adorable. We, therefore, don’t understand why it is spread at only 7.6M USD. This spread should be higher. The capitalization of Florincoin is low at 7.6M while other currencies are as high as $125 billion. Florincoin needs to invest in a good miner and create awareness of the products offered.

FLO’s future is promising as shown in their roadmap. Users will benefit in the future from using Floricoin to spread any type of asset or document. For example music, novels, videos, etc. It is the intention of Florincoin to eliminate middlemen in the transaction process to help the content makers get their full share. This is a great initiative. Users will therefore have a say over their fully furnished works and payment channels.

Florincoin has an additional security measure that protects against malleability and web scaling as miners multiply. Segwit handles this problem by expanding the limit of the block leading to an increase in web capacity. Additionally, Segwit is able to maintain miners and other applications i.e. smart contracts on the digital ledger. FLO is able to deliver a fair environment for miners using ASIC to cover a large area of the net. FLO will always have a good value because the blockchain halves each time 800,000 blocks are attained.

Florincoin also backs colored coins that represent physical and digital assets. These physical assets are stored only because Florincoin has an additional feature for document storage. Since colored coins are identifiers of physical assets, they can also be used to buy or sell physical assets i.e. houses, land. In the same way that you would buy land in fiat in the same way the transaction will be carried out only that payment will be a colored coin. The colored coin resides in the decentralized ledger thus secure and free from malicious activities like hacking. Miners can invest as much as they want since all coins created are underwritten by one network thus no need to create a network.

Verdict

In conclusion, Florincoin is a viable investment. Every investor should strive to invest in it. The stats are good and the coin just needs a good push to increase the market capitalization.