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Venezuela
1 Level
1191 Review
4270.25 Karma

Review on Gatechain Token by LUIS RIVERO R

Revainrating 5 out of 5

Highly safe asset storage, storage and recovery service. More than just a blockchain.

This is a service designed to provide security of different stored assets in addition to decentralized exchange, with customizable security standards for recovery of and withdrawal of funds that will allow better access to them. It is planned as a superior chain for the safe storage of assets and that its owner never loses access to his funds, even when his keys or data are at risk. The main utility of the token within the Gatechain will be the payment of fees for using the network, at this time you can access your testnet it is possible to access see in real time tests carried out on your main chain.
It is necessary to wait for its official launch in addition to its entire ecosystem to know if it will really fulfill the promises made, it can become a very useful asset that will prevent the loss of multiple assets as has happened so far due to hacks, destruction or loss of keys Private, among others, many users could migrate to this service as long as its security and reliability can be verified.



Pros
  • Customizable delay in recovery of funds, even in possible hacks or capital flight
  • You can get your funds back even if you lost access to your private keys.
  • It will allow connection between chains.
  • It is supported by the GATE io exchange.
  • Decentralized exchange, as well as institutional storage of assets.
Cons
  • Still in development, it is currently a token within the ETH platform.
  • It is currently under development.
  • Only web wallets for windows and Mac OS are developed.