Review on Xrpalike Gene by Pedro O. Alvino M.

Name: Xrpalike Gene
Item: Xrpalike Gene
Rating: 4

November 26, 2020

Open source self-financing platform.

Xrpalike Gene open source project that is designed with a main chain and secondary chain architecture in order to generate greater scalability and greater transaction processing, where each substring can be issued an asset from a company or business, in order to to create an open financial ecosystem.
Structured with a main chain, substrings and open distributed storage, the main system of the network is carried by the main chain since it is the one in charge of the verification rights that comes from all participating nodes and the federated mechanism of Byzantine consensus In addition, together with the substring, they share the registration and storage of transactions, since both in the main chain it is also distinguished by using a consensus mechanism that proves assets (PoA) for the anchoring of assets, which allows users to demonstrate who have a certain amount of cryptocurrencies to control. In the substring it also has extensive functions in each node, where they are based on electronic commerce, value exchange, internet of things and transactions.
Many projects also have a system similar to what Xrpalike presents, but the fundamental factor is the relatively newness in the market, which unlike other projects consist of a community that supports them and with a moderate circulation of their native currency.
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Pros

Uses a multi-chain architecture with a main chain plus parallel substrings
Thanks to its Proof of Assets (PoA) consensus mechanism, it gives users greater real control of assets.
Substrings can share the ledger and make free space between substrings, generating high performance in transactions.
Adds an open distributed storage system and a self-financing mechanism for companies and businesses.
Through XAG, it grants a process of transactions and value exchanges.
Each substring can issue its own tokens.

Cons