Review on Iridium by Pedro O. Alvino M.
Anonymous cryptocurrency for e-commerce
Project that stands out in fulfilling anonymous functions, the IRD currency never presented an ICO and pre-mine that would give advantages to the founders of the project, in which they promote that all users within the Iridium ecosystem are equally.
Based on the Cryptonote protocol, it is one of the many privacy currencies that use this protocol to be able to develop anonymous currencies, but the objective of the project is for it to be accepted as a means of payment, whether it be e-commerce pages, among others.
Despite the tough competition it has in the market, upon its exit at the end of 2018, the project has not seen an acceptable position in the market, this due to competition and lack of initiative on the part of the project.
Pros
- Cryptocurrency based on the Cryptonote protocol
- Integrated with TOR-based nodes
- There are no master nodes, allowing everyone on the network to be the same.
- It has ASIC resistant mining algorithm that allows CPU / GPU miners to maintain the network.
- Includes 12 globally distributed nodes with anycast DNS, which allow confirmation of transactions in seconds.
- Currency capable of being used on more than 50 million websites through WooCommerce.
Cons
- There are already a large number of currencies that have privacy features and services
- Very low demand in the market.
