Review on Arqma by Pedro O. Alvino M.
Financial ecosystem for anonymous payments.
A privacy cryptocurrency based on different crypto assets with privacy characteristics, either Monero and litecoin, so that the project implemented a currency with codes based on privacy coins in a more optimized way with less mitigation of risks of attack to the chain.
The development of the project is to provide a currency that is easy to use and have privacy services for all users and on any device, so that its focus will be as a means of electronic payment for goods and services of users, although this section It has had an overwhelming number of projects based on a payment system, so the project can count on the very support of the community and market performance, which has been generated in the project.
The project adds several consensus mechanisms and optimized algorithms to its blockchain in order to create an equitable ecosystem in the mining network, from which users can also implement mining systems through mobile phones, given the developments established by the project. However, the great competition that the project encompasses in the market, can generate a strong barrier so that the project can enter the market and have support in the cryptographic community.
Pros
- Open source project with privacy features based on Monero.
- It has a consensus algorithm and protocols that avoid centralization in the mining network.
- Implements an adaptability mechanism in the blockchain according to the volume of transactions that improves the performance of transactions per second.
- Its lightweight and optimized wallet development for use on mobile devices.
Cons
- There are already a large number of privacy-based projects.
- It does not present unique characteristics as an anonymous payment system.
- The commercial volume of the currency is very scarce, which makes it difficult to access the added exchanges.
- Little community in their social channels.
