Review on CyberVein by gregori cordova
a decentralized big data project that already occupies an important place in the ranking 100 in CMC
Today, companies not only handle huge money transactions constantly, but there is also a large amount of valuable information and data that must be protected for its proper functioning. Big data is a term that in recent years, with the growth of technology companies, has been very popular in the market, because it offers companies the opportunity to keep their data safe, on different servers around the world. world. In this context, the cybervein project was born, whose main purpose is to serve as a fully decentralized ecosystem through its open source blockchain, where data and important information about companies that daily handle increasingly complex and valuable data are stored. Cybervein uses a consensus algorithm called proof of contribution (poc), in which all nodes are rewarded with their integrated CVT token, by allowing storage space on their personal computers, thus considerably reducing the excessive power consumption that is generated. present in POW mining consensus systems and centralized big data servers such as those offered by companies such as google or amazon. The structure of the entire network has two chains, the main one called DAG that is responsible for storing the data and a blockchain of smart contract programming language and virtual machine for the verification and processing of the data.
In general, this project, although it has competitors and gigantic and centralized big data companies, offers a very valuable alternative for both companies and users that serve as nodes, since the rewards are received without the need for powerful IT equipment.
Pros
- Users can join the project by offering space on their personal computers and be rewarded for it
- It offers a top quality service to companies to store their data and important information on a fully centralized and auditable blockchain.
- The project has come a long way in recent months to reach the 100th ranking on coinmarketcap, specifically ranking number 87.
- It offers an alternative for the efficient exchange of data through virtual machines by incorporating its Psir mechanism
- It is possible to make extremely fast transactions because the nodes verify each other's transactions in a P2P environment
Cons
- It only has significant trading volumes on the Okex Exchange, and in the rest the transactions are almost nil
