Review on ZYX by Pedro O. Alvino M.
Digital payment system and application development.
Open source project, designed as a payment system based on the ZYX coin that will have a network of side chains to obtain a greater interaction between the chain and the development of independent applications, since the tools provided by the platform are varied and popular.
Thanks to its consensus algorithm design, this allows miners to have several options to generate profits on the network, either through passive or active mining, since this will also provide a greater benefit on the network in terms of to security and transaction processing.
Intended to be used as a means of digital payment, the wallet it provides will have the option of making payments, interacting with dapps and at the same time creating smart contracts, in which it will also allow application developers to have programming languages such as JavaScript and Web3js for application development.
Pros
- Designed with an improved proof-of-stake consensus algorithm.
- Offers various mining models on the network.
- It has popular programming languages (JavaScript and Web3js) for application development.
- It has a side chain architecture that allows better scalability and high performance in transactions.
- Cost of a wallet with the ability to use dapps and generate smart contracts.
Cons
- Numerous competitors in the market.
- Project still in development phase.
- The availability of the ZYX coin is still low, which may deteriorate its price.
