Review on BSYS by gregori cordova
a project with an original consensus system, to avoid the failures and errors of current governance systems
In the crypto industry, most projects are based on the same consensus algorithm as bitcoin, which, as we all know, has many drawbacks and flaws such as the huge power consumption and hash power monopoly of the POW consensus. In this consensus, the Bsys project, has been developing for some years an environment where the digital economy in full growth, is every day healthier and more equitable with all its participants. To do this, Bsys has created its own independent consensus algorithm called WPOW (world proof of work) for the public chain, in which the rewards are equitably distributed to the power nodes of the countries where Bsys circulates. The project has two blockchains: Bsys and Dsys; the first is used to acquire an exchange value of a real economy and Bsys that will be used for the technological expansion of the project and that are correlated to help each other. The project developers have created powerful security mechanisms to minimize possible flaws, which are, the implementation of the Bsys hashing algorithm, which aims to solve the problem of monopoly in the hash power of Asic equipment, thus limiting consumption of resources.
It is a hybrid blockchain project that takes advantage of the advantages of the decentralized system to increase them through payment systems such as bsysclub, and that seeks to maximize the use of blockchain technology in the real world, to facilitate the way in which users they spend their cryptocurrencies
Pros
- The project developed its own consensus mechanism, to counteract the flaws and errors that the POW system has
- They have a powerful algorithm called bsys hashing that helps limit the power of Asic-type hashing
- It has its own wallet, which can be downloaded directly from the website, and which can not only be used to deposit or withdraw but also with payment method functions
- They have an online and offline blockchain payment system called Bsysclub in which they intend to use the stored cryptocurrencies, such as a kind of credit cards to buy in hundreds of stores and that has its own app available to download in the google play store
- Everyone has an equal chance of receiving rewards through mining with the use of Bsys
Cons
- The project is still in a development stage
- The bsys cryptocurrency does not have almost any type of movement in the exchanges in which it is listed
