Friday, January 28

TKCoin, a cryptocurrency born in Argentina and very similar to Bitcoin

The idea was born as a result of the EDUCoin network and its participants, who had expressed their interest in being able to have the experience of mining on their own computers without incurring large investments.

Mining rewards can be safely exchanged using both TKWallet and TKCoin Core.

“One issue on which I put emphasis on the community is decentralization, to make members aware of the sovereignty of this cryptocurrency and self-regulation of the network. When I speak of sovereignty, I mean the same thing that Bitcoin seeks, the ability and freedom of users to operate without limits or restrictions on age, purchasing power or geographical location (among others), ”Cassina remarked, as reported by .

This young man from Salta made the decision to base himself on the source code of Bitcoin because he considered that its main characteristics are essential for anyone who wants to start integrating into this new technological trend without the need for much knowledge or expensive expenses.

“The software to have a validator node is very light and runs practically on any PC or Mac (even on RaspberryPi). Mining does not require powerful video cards or CPUs, therefore it is only to download, configure the node and run the mining program. I believe that this encourages the participation of many people, which was one of the main pillars of the Bitcoin network to achieve the great decentralization that characterizes said network, ”he explained.

“It must be taken into account that the value of each TIK will be relative to the cost of producing it (energy consumed by mining) and to the utility that people give it. Another important point to note is that in Argentina, due to exchange restrictions, to be able to access to buy cryptocurrencies it is necessary to have dollars, or do it in pesos by P2P, which leads to KYC requirements and regulations with local exchanges. On the other hand, to mine TIK and exchange it, you only need to run the necessary software ”, he added later.

It should be noted that there are already people mining this cryptocurrency in Argentina, El Salvador and Venezuela. “We have an interesting mining competition, there are several active nodes and this can be seen in the network explorer,” said Cassina.

What does it take to mine TKCoin?

The main thing is to run a TKCoin Core node on a 64-bit operating system (Windows, Linux or MacOS). To do this, you have to go to the official site and download the appropriate version for the operating system. Once this software is installed and connected to the network, the specified steps must be followed for proper configuration and mining.

When Cassina was asked if TKCoin is already listed in an exchange or exchange house, she replied: “We are in a period of analysis of the exchange proposals, but we hope that in the near future the first alternatives may already be available for the users”.

Cassina hopes to achieve a high level of participation so that the network is decentralized, that participants understand what it means to have the power to be the ones to achieve this either by mining or just validating blocks of the network. “This awareness will achieve a greater understanding of the philosophy of Bitcoin, beyond its monetary value,” he noted.

It should be remembered that Cassina has already created another cryptocurrency called EDUCoin, which was quite successful in the educational field with a community that continues to grow, especially in Latin America.