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Blockmason Credit Protocol Review

5

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Average

Revainrating 3 out of 5  
Rating 
3.0
Crypto Projects, ERC20

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Description of Blockmason Credit Protocol

Blockmason Credit Protocol (BCPT) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. Blockmason Credit Protocol has a current supply of 116,158,667. The last known price of Blockmason Credit Protocol is 0.00245556 USD and is up 0.00 over the last 24 hours. It is currently trading on 4 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://blockmason.io/.

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Type of review

Revainrating 4 out of 5

About Blockmason Credit Protocol

With the Blockmason Credit Protocol, the borrower and lender are allowed to make transactions on the same blockchain. In this way, it is extremely easy to invest in the digital environment or to make money flow. The loan protocol or BCPT is a system used to permanently record the ledgers of debts and loans between parties using the Ethereum blockchain. It guarantees the continuity and reliability of the stored records. It also offers certain smart contract features such as the approval of…

Pros
  • Lending and socializing are among the basic needs of people. It is extremely easy to borrow and borrow with the block chain created.
  • investors are offered both easy and fast money exchange opportunity.
Cons
  • only listed in two exchange

Revainrating 2 out of 5

About Blockmason Credit Protocol............

With the Blockmason Credit Protocol, the borrower and loan specialist are permitted to make exchanges on the equivalent blockchain. Along these lines, it is very simple to put resources into the computerized climate or to bring in cash stream. The advance convention or BCPT is a framework used to for all time record the records of obligations and advances between parties utilizing the Ethereum blockchain. It ensures the congruity and dependability of the put away records.Loaning and mingling…

Pros
  • Crediting and blending are among the fundamental necessities of people. It is extremely easy to get constantly with the square chain made.
  • financial backers are offered both simple and quick cash trade opportunity.
Cons
  • just recorded in two trade

Revainrating 3 out of 5

This Platform works on a mutually agreed basis.

This project is a symbolic benefit to the Ethereum blockchain needed to strengthen data chronology through the credit protocol. The Blockmason project allows the borrower and the bank to exchange on the equivalent blockchain with a credit protocol. Thus, it is very easy to put funds or bring cash flow in developed air. The Credit Convention, or BCPT, is a framework used to continuously record records of commitments and advances between parties using the Ethereum blockchain. Ensures the…

Pros
  • Smart contracts allow users to access and read loans, such as sending and receiving loans.
  • A project with sustainable development in the future.
Cons
  • There is little exchange.

Revainrating 3 out of 5

More then P2P payment system.

The platform operates on a mutual agreement where a user sends a credit or debit request to another user. If the request is accepted by the second user, it is recorded on the blockchain as a smart contract. It uses tokens to grow its network. The token basically acts as a license to access and use the network. Users can also use tokens to settle transactions on the network. However, this will continuously change the transaction cost based on network traffic.

Pros
  • Data smart contracts are responsible for the individuals' credit and in addition to data about the relationship between them to save loans.
  • Smart contracts allow users to access and read debt, such as sending and receiving loan loans; Read the friends list, add and remove friends from the list.
  • Smart contract stacking tracks the amount of users' tokens to make any changes to prevent fraud.
Cons
  • This may show a stable increase in the future, as the token gains more maturity.

Revainrating 4 out of 5

Great platform for recording credits and debts on blockchain.

It can solve many problems associated with credit and debt tracking, and it can be adopted by small business owners to settle and track their corporate settlements. The use of blockchain here will provide security and transparency in transactions. The platform presents opportunities for good development, if it is able to establish and expand its presence as a platform. The platform may require many partnerships at various levels in the industry to fully demonstrate its potential, and it has…

Pros
  • It is a blockchain driven system for tracking and settling credit and debt. Also, it is a blockchain protocol that can facilitate the development of decentralization applications.
  • The platform is used in various unique smart contracts such as credit protocol data agreements, stacking agreements, case authority agreements and Flux capacitor agreements.
  • agreements and Flux capacitor agreements. The platform features a dynamic transaction cost, which is determined by the amount of traffic on the network.
Cons
  • During its existence in the market, it has become extremely volatile. In January 2018, its price dropped to an all-time high.