Review on Freicoin by Stephen Toluwani
An old project that comes with a utility we can't understand
I have spent a considerable amount of time in trying to understand the core infrastructure of this project but the whole system is very closed system about it. The whole description that tries to match into what the project was developed for still doesn't match what it's said of. The only thing that stands in the way to the project demise is its long term stance on Decentralization and scalability. Infact, if I am asked why I would only use Freicoin would be concerned with those main structures to which it's own Blockchain technology was based on. The project is old and still takes the outdated UI of websites that came up in the 19th century, maybe for the feel of its old operating system. The security of the platform is executed by people who keep the platform by validating transactions and they receive a fee from the payments made by the transaction initiators. There is no coin to mine here. This project still lacks a lot of users but I won't be using it for long as I feel they don't make understanding of the project easy to the newer generation of crypto enthusiasts
Pros
- Freicoin can be used for seamless transaction through it's blockchain
Cons
- It lack users in it's ecosystem
- There is no clear explanation to the working of its project
