Review on Keysians Network by Pedro O. Alvino M.
Interoperable financial channel between chains.
Project based on the Polkadot network, it is developed for the financial framework of chain applications, therefore interoperability between chains is necessary for the project, therefore, as it is designed with the Polkadot XCMP protocol, it can be connected with parallel chains in Polkadot It also allows DeFi operators to have a more flexible mechanism given its financial layer is an improved smart contract layer that integrates financial models of the market.
Composed of a network of several nodes, which are in charge of a part of the operation of the project, this includes diligence nodes, mining nodes and participation proxy nodes, which have the function of generating blocks and keeping the network completely stable.
In the commercial context that the project raises, it can generate many possibilities for asset operators in the market, since the financial channel of the project that lives in parachain offers operators a more flexible market that allows trading an asset on a chain in secondary markets and it can also be integrated into DeFi-based applications.
Pros
- Uses the Proof of Stake consensus algorithm based on Polkadot.
- Your network is comprised of a series of node systems.
- Supports various DeFi chains and protocols.
- The native token economy includes a transaction fee reward system and a token burn system that stimulates the price of the token.
- Excellent community on social networks.
Cons
- Its native token based as Ethereum's ERC-20 token, may limit the use of the token given the high costs of transaction fees on the Ethereum network.
- The availability of the token in the market is scarce.
