Review on TurtleNetwork by Stephen Toluwani
This project is placed between the Good and the Almost Diminishing
The Turtle Network project was the project that came from Belgium and acted upon the infrastructure of the waves platform into building its very own blockchain. Despite the fact that this project has been in existence since 2018, offers very low transaction fees, offers very fast transaction speed, etc. the project is still very unpopular. For a project that allows the creation of smart contracts and decentralized applications which will make it a contender with the likes of Ethereum and others, but the project has been very well overlooked. What this project needs to build upon is an inter portable chain in which different blockchains can interact with it because if one looks into the low fees and fast speed transactions it offers, you will know that this is a hidden gem in the crypto business world.
There is low support for the project and I can even safely say, it's developers are hardly doing anything in that regards to help rebuilding trust, increasing adoption and integrate more profucts. if care is not taken this project might inevitably be labelled a scam very soon which is something I will never want to see as I am very much interested in this project. I will have my talks with the project developer to see how they can increase awareness and adoption first by having a widget of Revain on their platform, expanding their market coverage and increasing mass adoption through Airdrops, integrating decentralized finance among other products which are very popular today. The Project can be greater, it just needs to be worked upon
Pros
- Transaction fees on this network is very low both for its trading and movements
- They have a mobile wallet app to support holding of the coin along with a decentralised exchange embedded in it
- The network is very secure as nodes are being run publicly
Cons
- The project is very very unpopular
- Low token price, low exchange support and low trading volumes
