Review on Italo by Pedro O. Alvino M.
Community-based cryptocurrency with private transactions.
A cryptocurrency that was generated from a fork of the Monero chain, in which they allow users to use the currency as an anonymous payment mechanism without having to implement experimental functions.
The project chain is made up of a system of service nodes that are responsible for the confirmation of blocks in the chain, so that these nodes also monitor other nodes running on the network in order to minimize the risk of malicious actors in the network. net.
The project also has a protocol known as bullet proof, which is responsible for reducing rates on the network, so that users will be able to count on fast and private transactions with the lowest possible network limit.
The current problem that the project presents is the large number of currencies that have similar characteristics, in addition this can generate a lot of demand in the services of the project based on the currency due to the enormous distribution of users in several crypto projects constituted as currency Of privacy.
Pros
- Present private transactions through ring signatures.
- It has a protocol that reduces more than 80% of the rates on the network.
- Establish a number of nodes in the network.
- Roadmap program with excellent development features.
Cons
- The market is flooded with privacy coins as a means of payment.
- As it is based in the community, the capital for the development of the project falls mainly on donations.
- The currency in the market has a great decreasing volatility in the market.
