Review on Zano by Pedro O. Alvino M.
Scalable and secure currency for P2P transactions
Zano is one of those platforms that aims to generate a trading system based on a digital currency. Given the architecture of the currency, it has anonymous characteristics, since the integration of ring signatures allows the issuer of the transaction to provide a set of possible public keys for the verification of the signature, therefore, it maintains its identity indistinguishable from other users.
According to the projection of its road map, it adds several features, both privacy and secondary services that promote the community to interact more with each other, that having very little community and followers in their social accounts is possible an increase given the conditions of the currency. after the inclusion of said updates to the network and the platform.
Originally, the project considers its Zano currency as a stable asset that is capable of resisting market fluctuations, however, its currency has generated setbacks in its price, due to the low demand for the currency, since it is another asset that is It distinguishes as a means of payment with anonymous services.
Pros
- Uses a hybrid PoS - PoW consensus mechanism
- It allows arbitrary data to be included in transactions.
- Provides Multisig function that generates more security in transactions.
- You guarantee safe and private transactions without the need for a reliable third party.
Cons
- There are already many currencies that serve as a payment method in the market.
- Currency stability is very volatile despite the project indicating its currency as a stable asset.
