Review on SimpleChain by Özgün A
Modern and simple
There are many crypto money projects nowadays. Some of these are aimed at making their own currency available, while others aim to improve on blockchain technology. There are numerous problems with blockchain technology. There are many problems such as trust issues, transaction slowdowns, transaction losses, and scams. The reasons for these are that every project has certain missing aspects. Here, Simplechain comes in at this point and even though it doesn't tackle all the issues, it interferes with some of the problems.
Simplechain is a project created to improve the efficiency of projects built on blockchain technology. In other words, it was desired to increase the efficiency and transaction area of crypto coins traded on blockchain technology.
Simplechain works with proof of work algorithm. Every transaction proves each other.
As a result; Simplechain's aim is to provide faster and better service when making transactions to cryptocurrency users.
Pros
- It is desired to create a more active market infrastructure
- A large number of blockchains mimic the main chain, increasing efficiency
- Although the logic of the system seems complicated, the logic is actually simple. The main purpose is to run excess transactions outside the chain, on chains that mimic the main chain
- It offers users increased security
Cons
- It is not popular
