Is a peer-to-peer electronic monetary system
Smart contract blockchain
ToxiCoin is a peer-to-peer electronic monetary system based on cryptography like Bitcoin yet unlike Bitcoin. It exhibits properties similar to physical currencies (such as dollars or coins), however what makes it distinct is that it allows for instantaneous transactions and borderless transfer-of-ownership.
Unfortunately, the opening words of description of this project makes it very unlikely to succeed. ToxiCoin "is a peer-to-peer electronic monetary system based on cryptography". They claim to be unlike bitcoin and that they try to bring properties similar to fiat currencies, however with the amount of tokens and coins used purely for payments, which are already established on the market, it is almost impossible for any project to compete with them. Such project would need to really revolutionize the market, yet Toxicoin doesn't seem like the one to do so. There is no solid information or technical properties that would make this project stand out. The overall design and general marketing is also not that good.
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