Review on Monolith by francis fernandez
Monolith: a platform that brings us closer to the future
There are countless electronic wallets on the market that allow us to store and manage our assets; however, not all of them provide us with a reliable and secure platform.
Monolith is a security-based platform provided by blockchain technology; that allows us to protect our assets without intermediaries and without third party control.
Monolith offers the services of traditional banking but in a digitized way and with total freedom and autonomy for users over the control of their assets. In addition, the platform is backed by the robust infrastructure of the Ethereum chain.
Due to this, it allows us to store digital assets compatible with this network. Utilities: Monolith is a decentralized wallet and compatible with multiple Ethereum tokens; this allows you many uses and advantages:
• Allows you to easily convert ERC-20 tokens into fiat money
• Offers the possibility of using a Visa debit card with funds in cryptocurrencies anywhere in the world, although at the moment it is only available for the jurisdiction of the United States and some European countries.
• It is an open source protocol that allows developers to use it as a tool
• Due to its decentralized operation, it is not subject to any control and its transactions are visible to any user.
Due to these and other characteristics and ways of using the Monolith platform; It represents an innovative, secure and compatible option for storing, transferring and managing assets on the network.
Pros
- It is a decentralized protocol
- Allows for instant exchanges
- It allows to acquire Dai cryptocurrency without transaction cost
Cons
- Unstable value of the coin
