Review on THEKEY by David Olayide
THEKEY Network
If you have not heard of the THEKEY Project, it is a solution provider in Identity Verification industry, and the project has the grand plan to leverage innovations on the Blockchain and Smart Contract technologies so as to be able to develop a second-generation IDV solution that will issues in the internet world. THEKEY smart contract system will make use of the NEO smart contract, and develop under the DNA framework. THEKEY will actually co-create a smart economy which Consists of digital asset, digital identity and smart contract together with NEO.
Focusing on identity verification, THEKEY will be the fundamental element of the whole system. The compatibility of NEO towards multi-programming language and the lightweight, high concurrency and expansibility of NEOVM will facilitate THEKEY smart contract development and popularization in various industries.
Identity is a very important part of our lives that should be properly secured and protected because of the vast possibilities of fraud and scam activities. This particular project utilizes a set of special technology to achieve it’s aim, and that’s what actually attracts me to the project. By incorporating the blockchain technology into the project, it makes it easier for the features of the blockchain to also be present in THEKEY.
The native token, TKY Token, is another major component of the ecosystem. The token has various uses. For example, it can be used for cross-border payment easily, and it can be used for the smart contracts generated in Key ecosystem. The token can be found and traded on, HitBTC, KuCoin, and Switcheo Network cryptocurrency exchanges. It has a circulating a circulating supply of about 6,210,789,109 TKY coin.
Pros
- Makes high use of Innovative technology
- Operates on the NEO network
- THEKEY supports an ecosystem
Cons
- It's not popular as yet
