Is digitalcurrency mining a scam?

Is digitalcurrency mining a scam?

There has been a lot of speculation since Networks’ foot project was introduced that it was a scam. Here we want to address the evidence that has given rise to these speculations about digital currency.

The first digital currency that can be extracted with a phone!

The digital currency has entered the world of digital currencies, claiming that the first cryptocurrency can be extracted with a phone. As you know, bitcoin was mined with home computers at the beginning. In addition, it is now possible to extract it with the phone. But this is not economically viable for miners. Even the Electronium project came up with the idea of   mobile mining. So we know that, contrary to his claims, the digital currency is not a leader in this field.

White Piper is a digital currency

It is a reliable project that we know all the technical details about. This did not happen in the case of digital currency. The White Paper published on the cryptocurrency only talks about it in general. Developers at White Piper tried to make Bitcoin and pie look alike. More than 70 Bitcoin names have been added to the White Paper, but no details have been released. This leads them to think that the project is too short.

There is no code

Unlike valuable projects, the Arzdi Digital website does not provide any section to developers and provides the necessary instructions for network activity. All valid Chinese blockchain projects are fully open source, or at least in some open source sections. It is unknown at this time what he will do after leaving the post. There is no information about the Chinese block code or any link to access it.

Non-professional structure

An academic paper has a specific structure that Wright Piper does not follow. This White Piper doesn’t even look like a mediocre article. For example, the article ends with a roadmap. As we all know, every authoritative article ends with a summary.

Suspicious developers

Curriculum developers Nicolas Cocalis, Cheng Diao Fan and Vincent McPhillippe have been introduced. K. Calis is a PhD student at Stanford University. He works in the field of blockchain and decentralization. His page on the Stanford University website, as well as his personal page on LinkedIn, did not mention the digital currency. This raises suspicions that his name may have been misused. Fan and McPhillip also have no page on the university website. Even their LinkedIn pages don’t show that they are professional.

Conclusion

So far, no reputable person has introduced this project, so it is better that we do not fall in love with it. Even if you see the name of this project in Kevin Market Cap in the future, don’t think that you have found confirmation for its validity. Because the quinces of an unknown exchange can also enter the quinn market cap.

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