Review on French Digital Reserve by Stephen Toluwani
A community governed project, decentralised at the very core
A distributed ecosystem, decentralised at it's very core due to the number of Masternodes who secure the network comes from different parts of the world. The French Digital Reserve was built for services that covers mainly, Storage options for files and their encrypted transfer to third parties. Also, as it have a scalable blockchain, it does provide a breeding ground for seamless payments done in minutes as well due to the block time of 60 seconds, transactions gets approved very early. I was engulfed in interest by the release of its DeFi branch of the project. This project keeps evolving, bringing in new trends into it's ecosystem for building.
The project is said to be completely community backed, created as a result of the community need for a solution like this in the cryptospace. To even let it be know, this project is just above 30 months in age and yet has made giant strides yet to be accomplished by many projects, especially those who have failed woefully since ICO. With a network secured by the Masternodes, shared staking and is done through it's PoS system that earns the stakers a reward for their work in securing the network. I think this project coin is yet to get listed on CoinMarketCap, hence the N/A tag it has. It's listed on just one exchange too but the community is not deterred. Am glad to be a part of the pivotal community in the creation of FDR. They will be the new setting for other protocols to follow
Pros
- The French Digital reserve is created for the sole purpose of cash transfer and payments, file storage and transfer, and now, it has taken a leap into the areas of DeFi
- The project is community governed and funded. Every decision that happens gets voted into approvals from the members of the community in BitcoinTalk forums and Telegram.
- Decentralised network operates the project. Through a Distributed Masternode network, no single entity is said to be on the reigns of the project
- A whole set of new things keeps getting proposed for the project. Most has been implemented
Cons
- Still very small (though strong)
- It's FDR coin is listed on just one exchange and price aggregators like CoinMarketCap hasn't gotten the project on its porch
