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Benaiah A. Akinlade photo
Nigeria, Osogbo, Osun State, Nigeria
1 Level
165 Review
110 Karma

Review on CyberVein by Benaiah A. Akinlade

Revainrating 4 out of 5

CyberVein: Providing Solutions that traditional network systems couldn’t

Cybervein was invented with a mandate which is to create a legitimate and an efficient data platform for enterprises that deal with large amounts of data in a way that will positively have an effect on world economy. This will also aid in achieving more usage of data usage and monetization cheaply. These efforts will not only make data more credible and usable, but it will also make it a more valuable asset.
Some of the solutions Cybervein aims at providing includes; Data Security, Data Information Bank, Data Ownership, Low Data Efficiency, Data Privacy, Data Monetization
It runs a decentralized administration of blockchain so this qualifies the platform as the main Distributed Ledger System
CyberVein is divided into 2 categories namely;
1. Database services and
2. Smart contracts
CyberVein is designed to adopt various forms of data economy and in the process uses blockchain technology as the core of it’s operations thereby using blockchain technology platform to solve problems that are difficult for traditional networks to solve. This shows that the main purpose of CVT is to use its blockchain technology platform to solve pending problems in the world of DeFi .
There are no blocks and there is no mining. This means that transactions can be completed at a very high speed.
CVT comes with 4 Core Products:
1. Data Management
2. Data Analytics
3. Data Storage
4. Data Monetisation
The native token of CyberVein is CVT. It operates on the Ethereum blockchain with a current supply of over 2.1 billion and more than 1 billion in circulation. It currently trades at USD 0.09570092 with active trading on 10 markets.
CVT is available and active on the following exchanges; OKEx, Bittrex, Fatbtc, Nazadax, HitBTC, Bit-Z,, TokenStore, LATOKEN, COINALL, and BiBull. It also trades in pairs with USDT, BTC, and ETH.



Pros
  • It is an open system of rigid databases that cannot be altered.
  • CVT provides safer and efficient data storage facility.
  • Transactions can be completed at a high speed due to lack of blocks and mining.
  • It is listed on a good number of popular exchanges
  • It trades with trustworthy cryptocurrencies
  • It runs a decentralized administration of blockchain
Cons
  • It can not be mined
  • I’m not comfortable with its rigidity with Ethereum blockchain