Review on Blockmason Credit Protocol by Robiul Islam
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.
