Review on Blocknet by Toprak Dere
About Blocknet
Block coin draws attention with 3 different services. Accordingly, the components of the system include xbridgep2ptm, which can route through the blockchain. In addition, data transfer between chains is expressed as inter-chain and attracts attention within components. Also, the coin exchange protocol is located here. When we look at the services, the first thing we see is the coin exchange, and this exchange has a completely centralized structure. In addition, creating a source of income, also known as monetization, is one of the most remarkable services. In addition, the service delivery between blockchains is one of the advantages provided by this.
Block coin can work and serve easily on a mobile phone or computer. A special app has been designed for this. You can use it easily after downloading it to your mobile phone and successfully perform many transactions regarding the coin market.
There are many important advantages provided by this system, which can be used for "coin" transactions. The most important of these is that the entities defined as central cannot access personal data. Besides, there is no server in the system. In this way, since there is no central server to be stolen or accessed, transactions are carried out more securely. Block infrastructure has a very strong encryption system. In this way, it becomes literally impossible for third parties to gain access to your information during purchases or similar transactions.
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Pros
- inability to access personal data
- has a very strong encryption system
- 100% compatibility with mobile devices
Cons
- not popular like other altcoins
- no listed in most exchanges
