Review on Project Pai by Alex Martakov
In General, Project PAI is quite an interesting platform, but with…
In General, Project PAI is quite an interesting platform, but with questionable demand. If the authors will be able to implement their ideas at least in a minimum amount, they will be able to make money on them. For example, in the Asian market. But so far, there are no special prospects for the system.
Pros
- (+)- A strong support system. Project PAI has very experienced and knowledgeable advisors. And among the partners there are companies such as SM Entertainment and AI Stars. There is also a joint project with QTUM. And this suggests that really serious companies consider Project PAI system worthy of their attention. (+)- Interesting choice of field of activity. Creating your own digital copy is an unusual idea. And in Asia, where there is a part of the project PAI partners, such a system is very popular. Many have already compared it with the electronic "Tamagotchi", and this toy came from those edges. (+)- Method of earning on mining. This option allows both to increase the popularity of this blockchain, and to attract many users with the help of the possibility of additional earnings.
Cons
- (-)- At the moment, it is easy to arrange a "51% attack" on this blockchain. With this handle even a medium-sized mining pools. And they already have all the necessary equipment: for mining PAI Coin ASIC - devices made for mining BTC are used. (-)- The bitcoin blockchain is not designed for the loads that project PAI will give it. A huge amount of information will pass through the system. This technology will not be able to cope with it. (-)- The authors of project PAI cryptocurrency intend to use IoT ("Internet of things"). This will further increase the load on the system. At the same time, bitcoin is not originally intended for such use. (-)- The lack of open architecture. However, the problem here is not so much with technology as with the promises of the authors. They stated that there is open source Project PAI, available to everyone. But in reality, nothing like this in the public domain is not found. (-)- Anonymity in such a peer-to-peer network is absent as a class. This reduces the efficiency of using blockchain. And it is not easy to get around this problem — the user's IP-address is always "highlighted" in the transmission of information. Unfortunately, the developers have not yet explained how they intend to solve this issue. (-)- The next problem is the complexity of sending information. The classic situation in torrent networks: unclaimed files are not distributed. Again, the authors did not say how they intended to circumvent this limitation.
