Review on GlobalToken by Pedro O. Alvino M.
Network with high degree of algorithm support
GlobalToken, a decentralized project, designed a token with the ability to support a large number of algorithms in order to speed up mining for miners, also in order to establish an almost impenetrable network thanks to the algorithm capacity that it supports. .
According to the operation of the token, it has a confirmation process much faster and cheaper than bitcoin, since the project also framed it as a peer-to-peer network without central bodies that control it, so the basis of the project is focused in bitcoin with additional enhancements, without having to add algorithm support in your mining network.
For the mining process, the project has a wallet that is compatible with most operating systems, be it a 32-bit or 64-bit version, although it is worth adding that it does not have a mobile version and there is no information available on its development.
The economy of the project so far since its entry into the market is descending since at the beginning there was a small number of projects in order to promote a token with a highly secure network that serves as a means of payment, without However, today there is a large number of projects with greater scalability and certified security that offer users many options in the market than those offered by GlobalToken.
Pros
- It is one of the few tokens with mining support for 60 algorithms.
- Designed with a fully decentralized peer-to-peer network structure.
- The token has integration in several blockchain networks.
- Offers wallet with support for desktop operating systems in different versions.
- Broad algorithm support forms a barrier against network attacks such as 51% attack.
- The token has no pre-issued and low total circulation of the GLT token.
Cons
- The token has very few functionalities in the market.
- Despite having a very low total circulation, the price of the token is very low.
- Very little availability of the token in exchanges.
