Review on CyberVein by Pedro O. Alvino M.
Decentralized data management and exchange
Throughout the years, multiple centralized platforms offered a data management and control system, however, the leakage of information or little privacy were some of the problems that were generated in this type of ecosystem, as a result of this, Cybervein, a project blockchain that was one of the first to implement data exchange and management with blockchain technology, in addition to having a decentralized model totally open to any user or institution.
Designed with the blockchain in mind, scalability and security are one of the fundamental problems that I wanted in an encryption project, given that Bitcoin that, despite an excellent layer of security on the network, scalability and transaction costs really high, for this reason a technology was integrated that is not required from the network of miners to complete a transaction, but one that the transaction itself is confirmed in terms of the previous transaction that the user has made, which allows a higher transfer speed than in this case it would be the data and with lower costs in the network.
The trajectory of the Cybervein project began to bear fruit in mid-2018, when it had great growth in the community in its different social channels, promoting a great demand for the services that Cybervein contained and at the same time a constant commercial flow of the CVT token, which serves to guarantee security and rates on the network.
Pros
- Its layered architectures allow for stability and scalability in the network, as well as preventing double spending.
- The data encryption and data flows is implemented through smart contracts
- The Cybervein smart contract consists of a systematized database maintained by multiple nodes.
- Uses the PBFT Algorithm to do the basic consensus algorithm.
Cons
- It is not the only project that focuses on the data exchange process.
- Unverified project team members
