Review on Scopuly by francis fernandez
Scopuly SKY: A cool wallet that allows you to create and use your digital assets however you want!
Scopuly is a digital wallet that works on the Stellar blockchain allowing the creation, storage, transfer and exchange of crypto assets in a safe, fast, economical way and without intermediation or regulatory entity that affects the development of electronic commerce between online users.
Trades are executed on the platform by using its native SKY token. The holders of this digital asset have the privilege of carrying out transactions without payment of commissions. The coin will have a maximum supply of 10 billion SKY, of which half of them will be offered in ICO divided into several stages.
There is no mining of this cryptocurrency.
One of the advantages that Scopuly technology offers is its compatibility to design and trade multiple digital currencies and the multiple uses that can be given to it:
* Used to create virtual assets.
* Allows you to store digital assets safely.
* Serves as a commission-free multi-currency exchange platform.
* Allows peer to peer business operations.
* Serves as a payment mechanism in multiple compatible merchants and platforms.
* Offers speed in transactions because there are no waiting times for miners, since it is a cold wallet.
What is the technology used by Scopuly?
Scopuly combines blockchain technology with smart contracts. Its platform guarantees security because it is a cold storage wallet; which implies that your digital assets are protected from cyber attacks or electronic fraud.
Its security is also related to the local key encryption mechanism and signatures in various wallets.
Pros
- It is an easily accessible and reliable decentralized application.
- Allows you to create multiple crypto assets from your application.
- It allows negotiation between users using crypto assets in more than 200 jurisdictions
Cons
- It is a digital asset with volatile value, due to its variable value characteristics.
