Review on EXRNchain by Danh Huỳnh Ngọc Công
Being developed since 2017, EXRNchain is a blockchain project that aims to…
Being developed since 2017, EXRNchain is a blockchain project that aims to connect the different blockchains to exchange the value and data. The protocol and network of EXRNchain will be used in many cases such as atomic swaps, data transfer, decentralized exchanges, crosschain payments, enterprise solutions, and cross-contract solutions. The idea of this blockchain will be very beneficial to the future of cryptocurrency. The development team, who want EXRNchain to be community-driven, kept their promises when delivering what they announce on their road map. However, it is quite risky as the identity of the team is still hidden and no one can ensure the existence of this project if no more information is given
Updated 5 years ago
Rating changed from 3 to 4
UPDATE 2019: They always ride their road map properly. The project has reached another important milestone - moving to alpha version of their chain!
Pros
- - Idea: EXRN has a very good idea of making distributed ledgers to work crossly. - Team: The team seems very serious about their business. They may not show up regularly in Telegram to hype up people but always try to address the questions from the community very properly by direct messages or AMA on Medium. - Coin/Token: There are two main currencies that are used in this blockchain: EXRN and EXRT. The economics behind them creating substantial liquidity from the demands of users who want to swaps different coins/tokens on different blockchain without accessing normal exchanges. - Products: At the time of writing, they already have a testnet for their blockchain. It is not perfect but works great in general. Also, they showed up a working prototype of a mobile phone application recently. - Roadmap: They followed what they announced in the road map and this means that they are very reliable - Community-driven blockchain: the team will try to satisfy the users, not the investors as they will not receive funds from them
Cons
- - The idea is not new in the cryptocurrency world as many teams are working on connecting blockchains. However, the potential of EXRN is quite big a no projects have proved that successfully create the interoperation for blockchains. - The team rarely communicate with the community or maintain the public relation on social media so their project may not take off as it lacks the support which is extremely important - The lead developer confirmed that they will accept investment for capital ventures which means the project will very likely to be in need of money for its operation - No one really knows the identity of the team behind this project, so it very risky to heavily invest in it - No whitepaper has been released
