Review on Bitradio by Pedro O. Alvino M.
Community-developed radio broadcasting ecosystem.
A community-driven open source project, it provides a blockchain-based radio broadcast ecosystem in a way that enables participants to earn BRO coins as they listen to radio broadcasts included in the Bitradio ecosystem.
Composed of a Proof of Stake consensus protocol, it allows any user through the project's wallet to obtain rewards for blocking BRO coins, as this adds a layer of security to the network, so that it also has the ability to run a masternodes, which in both methods has equal rewards for blocks.
By having a simply basic chain and without the need for the power of mining to process transactions, it confirms the blocks quickly and has a slightly reduced emission of coins per year which does not alter the economy of the currency so much in the market, however the current development of the currency in the market is terrible, this due to the strategy implemented in the currency, so that by not having a great utility in the project ecosystem, the rewards obtained by the The various mechanisms of the project are mainly sold due to their poor quality and the incentives for holding the currency, which has generated a financial impact on the project.
Pros
- Allows users to obtain rewards for listening to radio broadcasts.
- It has equity rewards for blocks for staking and masternodes.
- Establish anonymity features and services.
- Offers project wallets for all platforms, whether for mobile or computer.
- Excellent speed of block confirmation and transfers on the network.
Cons
- Very little community follows the project.
- Being community-based, funding for development is limited and necessarily dependent on donations.
- The project currency has performed poorly in the market.
