Review on Proton by Pedro O. Alvino M.
Project for financial services
Project developed by two companies framed in blockchain technology and payment providers, for this reason companies like Metal and Lynx started the Proton project to facilitate both individual users and companies to have a bridge between applications and payment systems through the blockchain .
With the XPR token, it will serve as a governance token where users will vote for the different projects and benefits for the platform, as well as participating in the network, thanks to its delegated proof of stake algorithm that provides greater security to the network .
The Proton project intended for the use of applications and payment providers, its main function is due to its smart contract is based on the ultra-fast EOSIO dPOS model, this will provide many advantages of flexibility of Proton's financial services, in addition to security and user identity resolves it through an optional KYC identity store.
Projects destined as payment processor bridges are flooded the market given the expansion of blockchain technology and in conjunction with cryptocurrencies in different countries with a fluid economy, therefore the development of Proton may be too late given the existing competition in the market.
Pros
- Its public chain architecture is ideal for commercial payment systems for companies.
- XPR token holders can vote for block producers.
- The project's smart contract is based on the ultra-fast EOSIO dPOS model ideal for gaming and social media.
- Compatible with decentralized applications and payment platforms.
- Team behind the project recognized globally.
Cons
- Your financial service may not be available for all countries.
- There are already a large number of consolidated paid projects on the market.
