Review on Lition by Adedayo Adeniji
Lition the central banks deliverer
Lition is being discovered by me to be an importantly major cryptocurrency ledger technical device for central banks to issue and monitor digital currency usage and transactions through Lition's private cryptocurrency ledger solution.
I realised Lition's aim is still under development for its full running, it is built on the ethereum network and it adds to the ethereum network privacy, scalability and deletability to comply with General Data Protection Regulation standards adopted by EU in the usage of decentralized applications.
I see it to function to develop financial applications that support demands big institutions and central banks, it ensures instant transfer with balance syncing in accordance with real time across the network with deletable data with many more attractive features to make it fit for its core purpose.
I found Lition to be useful adoptable facility recommended to solve the challenges faced by central banks and other financial institutions about cryptocurrency.
Pros
- It issues instant transfers and real time balance synchronisation
- It offers privacy, scalability and deletability of data
- It gives enabling platform for developing decentralized applications
- It uses open source smart contracts verifiable by customers
- It eliminates middle men and long approval processes
Cons
- It is still under development
