Review on TrueChain by Alex Martakov

Name: TrueChain
Item: TrueChain
Rating: 5

March 16, 2019

Project TrueChain project is quite controversial in terms of the potential of…

 Project TrueChain project is quite controversial in terms of the potential of long-term development, the site is not devoid of both pros and cons. Among the positive factors are the original Protocol to achieve consensus, the reliability of the system and the solution of the issue of scaling.
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However, in its global reach, True Chain only repeats the offer of many other platforms offering smart contracts and business applications. Since the broadcast, there are many platforms that provide opportunities for the transfer of business structures and entire companies on a digital basis.
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The work of True Chain in this area can not be called unpromising - even given the competition, any popular platform can take its own niche and enlist the support of the user base. However, this requires a successful technical implementation of original ideas.
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Taking into account these factors, short-term and medium-term deposits are considered for investment. Against the background of the growth of consumer activity, news events, partnership agreements and successful implementation of the project, we can expect a good profit. Also, based on these values, it will be possible to assess the relevance and relevance of True Chain at the user level for further long-term investment.
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Pros

The developers of this project pay attention to the consensus protocols. PoW and PoS provide sufficient decentralization of the system, but reduce the network bandwidth due to the confirmation of data from all its participants. Alternatives in the form of delegated modifications with a limited number of elective nodes improve scaling, but call into question the decentralization of the network. To eliminate this imbalance, the developers of True Chain offer an original mechanism to achieve consensus Minerva, combining PBFT and fPoW-a modified Protocol for solving the problem of Byzantine generals and an improved version of Proof of Work. The principle of operation of the new True Chain Protocol is as follows: 1. information processing and its recording in the blockchain is carried out by the delegated PBFT; 2. monitoring of activities and the selection of the supporting nodes is performed according to the Protocol PoW with integrated technology fruitchain.

Cons