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Lahore, Pakistan.
1 Level
135 Review
31 Karma

Review on Internet of People by Mohammad Shuja

Revainrating 3 out of 5

My thoughts and review about Internet of People.

There is no one server that maintains and controls data on the IOP platform. Ultimately, it would want to have an internet that is open to the entire public and in which everyone's privacy is protected. One of the primary goals of the IOP is to give users with complete control over their personal data and information, which is one of its primary goals.



The crypto community is not unfamiliar with the objectives of decentralizing the internet and removing intermediaries. But most cryptocurrencies with this aim choose to focus on a specific aspect of the centralized world, such as payments or organizations or mobile applications, rather than expanding their reach. Unlike IOP, which focuses on the internet as a whole, which has applications in both payments and decentralized applications dApps. While it enables users to exchange data, it only does so with their permission, and it handsomely compensates those who do so. It is impossible for data to be abused or used in any other manner without the permission of the users due to the lack of a centralized server. In order to join in the network and even mine IOP coins, you do not need a server or complex gear. The truth is that IOP nodes can be operated on even the most basic home computer, a Raspberry Pi or even just a simple smartphone, making it widely available and easy to utilize for the general people.



The IOP's statistics are dispiriting for a currency with as lofty aspirations as it has. A cryptocurrency that ranks almost nowhere in terms of global market capitalization does not seem to be very attractive as a place to invest money. Although it may seem counterintuitive in an era of excessive social media activity, in which everything, from our physical location to our likes and dislikes, is susceptible to exploitation, an internet of the people, for the people is a breath of fresh air. Being bombarded with stories about scandals involving information breaches and the abuse of private data makes us want this Internet of People to grow into a fully functional network for the benefit of all people everywhere. Whether or whether IOP generates a profit, the company's philosophy seems to be one worth investing in. It also doesn't hurt that the coins are now on sale for a reasonable price, and purchasing a handful will not deplete your savings account. It goes without saying that, with data privacy and security becoming more important, it is quite probable that investing in IOP coins will provide positive results, at least in the long run.

Pros
  • Simple devices can mine it.
  • It mixes PoW and PoS consensus systems.
Cons
  • Low trade volume.

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