Review on Phore by Robiul Islam
It enables the transfer of value across an accessible, standardized ecosystem that is secure, flexible and scalable.
As long as the team continues to push through milestones and further develop the platform, I believe it will be one of the great project in the privacy coin scene in the near future.
Updated 6 years ago
Rating has not been changed
Phore Marketplace (beta) V2.0.2 is now available!
This new version includes:
✅ Cryptocurrency trading
BTC/PHR
✅ Decentralized Moderation System (for additional security)
The Phore Marketplace uses IPFS (inter planetary file system) as the underlying file storage protocol for storing and sharing listing information. When you create a store and make a new listing, it is published to IPFS, and other nodes use IPFS to access that information.
IPFS is a peer to peer file sharing protocol, you can think of it a bit like bittorrent, where file hashes are stored to point to data that is stored on different nodes of the network.
Pros
- The team have come together as a community. Each member looks to have valuable skills from a wide range of industries. It’s great to see a team large enough where members do not have several roles.
- Wonderful looking website. Super easy research for investors. Extensive documentation Including a full whitepaper and an explainer video for investors who are time poor. Awesome graphics, well structured and presented.
- The roadmap is exceptionally impressive. Milestones are presented as a sliding bar to show current progress and the team claims to have never missed a milestone deadline. From what i can see, They’re right! progress/milestones available for 2019.
- Reliable & Quick Transactions Fast, scalable, secure, and reliable transactions.
- Private & Transparent Using Phore, you have options for both private and transparent transactions.
- Earn rewards for participation in the network, similar to interest payments.
Cons
- It appeared on CoinMarketCap in November 2017 and since then has only seen four exchanges list it. Not a concern for the project itself, but investors should keep up to date with it’s social media channels to see when more exchanges are going to be pursued.
