Review on PCHAIN by Pedro O. Alvino M.
A hybrid ecosystem and commercial side chains
PCHAIN is a smart contract platform, similar to Ethereum or NEO that is working on achieving high transaction performance for Dapps. Pchain is one of the first native multi-chain systems on earth, which supports EVM (Ethereum Virtual Machine) in which most of the world's smart contracts are based on EVM, very few are based on another.
You also have smart contracts for non-native tokens, which you can invoke smart contracts that do not involve the native PCH currency. Initially, this will include Ethereum and BCH, with other currencies.
The project throughout its history has been developed by a high caliber team, since its founder, Dr. Feng (Jeff) Cao, in charge of vision and science, is one of the brightest minds in the world. industry. He is well known for being the inventor of China's first international Blockchain patent, in which he is also a co-founder of ChinaLedger, the most influential blockchain alliance in China.
Pros
- Consists of a main chain and chain derivatives that supports Ethereum Virtual Machine (EVM)
- Offers both types of blockchain, public without permission and private with permission.
- Includes an Oracle smart data and cross-chain transaction mechanism.
- Allows any user to run a node with high scalability and security.
- The team behind the project has a high reputation nationally and internationally.
Cons
- Still has problems with the blockchain trilemma
- It has high competitors in the development of industrial applications.
