Review on Veritaseum by Pedro O. Alvino M.
An unreliable project
Veritaseum is a token that functions as an exchange currency for P2P platforms in capital markets, launched at the end of April 2017 on the Ethereum platform whose main objective of the project is to eliminate the intermediary in financial services and markets.
Based on the Ethereum blockchain, Veritaseum aims to offer an autonomous software platform that allows companies and individuals to exchange digital assets without the intervention of third parties, but some are still distrusting the project according to what happened in 2017
Pros
- Build person-to-person capital markets based on the blockchain for the global market.
- Possibility of renting tokens through Veritaseum
- The software consists of two main components, centralized solutions and distributed solutions.
Cons
- Hacked in 2107 and VERI tokens were stolen and exchanged for Ether, worth $ 8.5 million USD.
- Supported in few exchanges.
