Review on Bityuan by gregori cordova
a good option in the crypto market for scalability of future projects
Constantly in the blockchain environment, due to the exponential growth that this technology has had, much more integration and scalability is required to mass its use in the real world. In this context, comes Bityuan, a platform for the creation of public channels that can interact between different channels, thus improving the user experience. Bityuan is one of the first public chains based on a highly scalable parachain architecture, with a fully decentralized and highly democratic governance system, in which all important decision-making for the development and future of the project are proposed and voted on by its same members. Because bityuan is built under the ethereum network, multiple decentralized applications and smart contracts can be created without many obstacles so that both professional users, developers or enthusiasts, can enjoy its multiple benefits. In addition, with the boom in decentralized finance (DEFI), the project is even more promising, since it represents an ideal ecosystem for the creation of exchanges and payment platforms under this environment, due to the ease with which the project interacts with other chains . the bityuan network also prioritizes the security of its platform, offering high-quality technologies such as proxy encryption and storage fragmentation through IPFS that allow nodes to be fragmented on the network.
In a world that every day seeks more integration and newer technologies, bityuan is a very promising option with high levels of scalability to offer its users, which is undoubtedly a strong competition for those single chain projects that can in in the near future become obsolete.
Pros
- Smart contracts and daaps can be built on the platform without confusing or tedious setups quickly for any operating system.
- It has integration and compatibility with many virtual machines, such as JVM, EVS, which supports the possibility of a very high scalability to the project.
- They have a governance system adapted to the new times, where decentralization is the goal and where all users have voting power in the decisions taken
- Because it is built on the ethereum blockchain, decentralized applications and smart contracts can be created, and it represents an ideal environment to promote the DEFI ecosystem.
- They have very powerful cryptographic technologies in terms of security, such as IPFS technology and proxy encryption.
Cons
- The platform is only available in Chinese and English
- Its integrated cryptocurrency BTY does not have a lot of movement or daily transactions and is available to operate on only one exchange.
