Review on ILCoin by Pedro O. Alvino M.
In-chain data storage open source project.
The ILCoin project specialized in data storage in the chain, has several technological details that can give consumers the total security of the data stored in the project chain.
The technical aspects that distinguish the project are based on handling a high degree of data in the chain, this thanks to various protocols and technical details may be inaccessible to malicious users, so that one of the important aspects that differentiates the project from other platforms is the integration of the RIFT protocol, which is used to handle a high degree of transactions in the chain, so that the project by integrating a block size of 5 GB in conjunction with the protocol will have a synergy that generates scalability and a great percentage of data transactions in the chain.
Data storage in a market that is growing every day, and to a large extent centralized systems still have a monopoly on the market, however decentralized services such as ILCoin can be more beneficial and more secure for operators so that it has many layers of security through a system of tiered nodes that constitute the command chain protocol, which is responsible for protecting the generalization of blocks in the chain.
Currently the project has a solid community, since the potential of the project is formidable, but given the competition in the market there are already consolidated projects with a good marketing development, something that the ILCoin team may lack.
Pros
- Its cloud storage system resists attacks at the quantum level.
- Your chain has the ability to process data storage and scalability very efficiently.
- It is one of the few projects to cover a decentralized storage system.
- It has a high-level node system that guarantees security in the generation of blocks.
- Offers greater security of data processing and storage in the chain.
Cons
- The level of resources required by the project for on-chain storage can be very expensive.
- The commercial development of the token in the market is deplorable.
- It has broad competitors in the market.
