Review on BitShares by Paul Sletten
https://bitshares.org/ Network growth through referral rewards, solid techβ¦
https://bitshares.org/
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Network growth through referral rewards, solid tech side, and it might inspire me to actually go buy some improved HW for my dino so I can run the app.
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Pros
- This is a blockchain product offering financial services like exchanging and banking. Delegated proof of stake as a consensus model does offer flexibility and decentralization. Key components of the sheet music of what we are doing here. Notable because not every product has the same concensus model, or witness usage. Here they have elected witnesses ( the legal jargon play here is expanding and should indicate that a witness is not what one might think it is. They use this term rather than notary, which is a term that has regulations applied to it, wheras witnesses do not, and I would struggle to understand a world where they had to be. Brilliant logic and architecture.
Cons
- This is a blockchain product offering financial services like exchanging and banking. 100K TPS "when we pay for the network to go with it". A lazy writer might produce an autofill sentence to supply him with previous keystrokes in exchange for padding in a possibly unremarkable item, or to mask that I don't know a thing about anything...but I wouldn't do that here. The downside I see is not unique to this offering; using next gen ideas ( blockchain) with previous gen structures ( banks). (*! OPINION ALERT!*) I believe that we can do a lot of good now, with what we have, pre-quantum computing version of blockchain tech and applications, can be efficient using our hardware to accomplish things with it, but not necessarily the power structures and concentrations of that power. ( End of Opinion)
