PASCAL COIN (PASC)
Recommendation (Bottom Line Up Front)
PascalCoin is a technological marvel but rampant misunderstandings from the outside threaten to undermine the project’s credibility.
- High risk, high return
- Holding period: 5 years
“PascalCoin’s technology revolves around the SafeBox which yields competitive advantages such as the ability to securely delete history.”
To gauge the future demand of PascalCoin, we should consider all the potential triggers:
- Address scheme
- In the future when cryptocurrency adoption is commonplace, surely the public would benefit from an easy to use address scheme instead of the ~50 character address used. PascalCoin’s dual addressing scheme (few digits and/or a unique name) would be an ideal solution.
- No fee for each transaction per 5 minutes
- The value of Nano (formerly RaiBlocks) soared to the stratosphere in 2017 thanks to its hype of zero fee. Similarly, PascalCoin may have the potential to join this bandwagon in the future.
- Proof of a successful ASIC resistant algorithm
- The number of serious and successful ASIC resistant projects is low, if not nonexistent. The cryptocurrency community’s interest and research for genuine ASIC resistance may or may not showcase RandomHash as a successful candidate.
– New wallets
- One of the main issues with PascalCoin was its user-unfriendly wallet. As of few days ago, mobile wallet apps for Android and iOS were released. A revamped desktop wallet and a web wallet are also on the way.
– Potential rebrand
- There has been heated discussions of a rebrand lately as the name “PascalCoin” is a sore point for the community. A rebrand, if it ever occurs, may go a long way in bringing awareness to the project.
– Version 5 release (hard fork)
- Most of the version 5 features have already been implemented.
- The ETA for the hard fork is roughly around the holidays.
- Some of the features of version 5 include but are not limited to:
- Atomic swap
- Atomic swappable cryptocurrencies are an elite class of cryptocurrencies and this sends a positive signal to the broader community.
- RandomHash2 (upgrade for RandomHash)
- Account Seal
- SafeBox root
- Account data & data operation (used for smart contracts)
- Atomic swap
analysis of alternatives
Poloniex, the primary exchange for PascalCoin, has been delisting multiple projects in the last several months especially those suspected as securities. PascalCoin would suffer a setback if Poloniex delists it. Such a scenario could conceivably occur because of PascalCoin’s low volume. Although other lesser known exchanges exist for PasclaCoin beside Poloniex, none bear the credibility and volume that Poloniex does.
There has been a strong bias against the Pascal language as used in PascalCoin especially from newcomers who are unfamiliar with the project. Free Pascal has evolved far beyond the time of Turbo Pascal and it is a robust programming language on par with modern programming languages except for its limited community in terms of developers and library support. One potential advantage of PascalCoin using the Pascal language is how launching clone projects is more challenging as a result. Unfortunately, the project’s roadmap could be stalled – due to the small Pascal community – if one of the core developers (e.g. Herman Schoenfeld) leaves the project.
source summary statement
- “Search Cryptocoins.” Cryptocoin. http://cryptocoin.io/search.php?forkedfrom=Written%20from%20scratch (accessed July 25th, 2019)
- “Directed Acyclic Graph.” BitcoinWiki. https://en.bitcoinwiki.org/wiki/Directed_acyclic_graphs_(DAGs)#DAG_Disadvantages (accessed July 25th, 2019)
- Schoenfeld, Herman. “PIP-0029.” Github. https://github.com/PascalCoin/PascalCoin/blob/master/PIP/PIP-0029.md (accessed July 25th, 2019)
- Schoenfeld, Herman. “PIP-0009.” Github. https://github.com/PascalCoin/PascalCoin/blob/master/PIP/PIP-0009.md (accessed July 25th, 2019)
- Schoenfeld, Herman. “PIP-0030.” Github. https://github.com/PascalCoin/PascalCoin/blob/master/PIP/PIP-0030.md (accessed July 25th, 2019)
- Schoenfeld, Herman. “RandomHash Whitepaper.” https://www.pascalcoin.org/storage/whitepapers/RandomHash_Whitepaper.pdf (accessed July 25th, 2019)
- “The Ethereum-blockchain size has exceeded 1TB, and yes, it’s an issue.” Hackernoon. https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62 (accessed July 25th, 2019).