Review on Global Reserve System by Pedro O. Alvino M.
Payment system based on the transaction test protocol.
Designed on the Ethereum network, the Global Reserve System project is focused on offering merchants an ecosystem in which they can manage payments through a mining system driven by a proof of transaction (PoT) that in conjunction with smart contracts It grants both the consumer and merchants rewards when making payments in an estimated period of one year, that is, both individuals receive double the funds in a year through the smart contract.
The concept that the project intends to implement is focused on solving various problems in the financial area, so that this system will benefit both parties in the long term and a part of the transaction amount, in this case 20% will be taken as charity or sent to developers, where the project's secondary services encompass various financial mechanisms that also benefit users as they participate more in the project's ecosystem.
The design of the project and the wallet is very little compressible, so that for novice users it will be difficult to manage this type of services according to the design of the project board, in addition to being composed of the Ethereum network, the fees Network registrations may harm the project's mining payment system.
Pros
- Users are rewarded for making payments through the coin mining system
- Project token designed as a payment vehicle in the Global Reserve System and serves as a profit management instrument for all types of projects.
- Integrates a rewards system for commissions generated by the project sponsorship network.
- It has a coin reduction mechanism through its PoT protocol.
Cons
- Currently the project token has very few holders on the network.
- The commercial volume of the token is almost nil in the market.
- The development of the project is stagnant and there have been no new updates on its financial services.
