Review on Bytus by Pedro O. Alvino M.
Trading services with private blockchain.
Decentralized project framed in financial services that are comprised of a private and scalable chain of blocks and a utility token developed on the Ethereum network, establishes financial frameworks that any user and company can use with total ease.
With a payment system similar to a banking institution and with guaranteed security, these payments are confirmed in moments in addition to having almost zero commissions, this in accordance with the blockchain based on the Graphene protocol, which is also which is responsible for generating privacy on the network, where it also provides other payment services and asset protection through a mobile wallet, where users can have several options such as conversion from Fiat to crypto and bank card interlocking for the crypto purchase in the app.
According to its roadmap, all the features have been launched with success and optimal test results, although it is worth adding that the influence of users on the platform and social networks is very low, the possible cause is the number of projects with payment models that facilitate trade across borders, a service that a large part of the main projects have been established based on these financial services, which is why platforms such as Bytus are very unlikely to have a boom in their payment systems.
Pros
- Its blockchain is based on the Graphene protocol, providing high network scalability.
- Complement decentralized network where nodes can write without the need for a central node.
- Includes a wide variety of payment services ideal for businesses and businesses.
- Your payment gateway system has minimal commissions.
- Great encryption system for protection of assets in the wallet that it provides.
Cons
- Very little community supports the project.
- The transfer system in the Bytus token can generate limits for users with a small amount of Bytus tokens.
- The volatility of the Bytus token can affect the platform due to being a utility token.
