Review on Populous by Alex Martakov
Many experts point to the inevitable success of the project, but associate it…
Many experts point to the inevitable success of the project, but associate it with smart contracts and the success of the ether platform. Basing on its blockchain and using its functionality really supports the popular project, but the potential of the idea plays an important role in the issue of prospects.
The platform offers the role of a link in international trade, accessible to all users. The use of popular functionality is available not only in contracts between large companies, but also at the user level within online stores.
High-quality implementation of the technical side of the project will make it popular in all areas of trade. And even if over time Populous will move to its own blockchain, it will be able to continue to develop successfully in this direction regardless of the success of Ethereum.
Pros
- - fast transactions in the digital currency; - use of smart contracts, the terms of which can be changed only by agreement of the parties; - reducing the role of intermediaries and reducing fees; - save time by simplifying the system; - fraud protection is provided by security of the blockchain. Using the popular ether platform as a base provides not only reliable operation of the system, but also advanced functionality in creating smart contracts. At the same time, the main goal of the project is to ensure equal conditions for all users – from individuals to small, medium and large businesses.
Cons
- None
