Review on DigixDAO by Pedro O. Alvino M.
From the physical to the digital market
Setting physical values to digital is a method that is being executed in several projects where DigixDao is one of the pillars of the market that together with the network of ethereum its operation is understood.
The functioning factors of
Digix is that it provides a use case for tokenization and documentation of physical assets through its Asset Test (PoA) protocol. The PoA protocol uses Ethereum and the InterPlanetary File System (IPFS) to track an asset through its chain of custody. This allows open and public verification of the existence of an asset without a centralized database.
Pros
- Decentralized autonomous organization
- Allows the tokenization of physical assets in the ethereum chain
- DGD token holders have the distinction of voting for proposals induced by the platform.
- It is in the top 100 cryptocurrency market.
Cons
- The falls in the value of gold can destabilize the second token presented by the Platform as a method of asset volatility.
