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Venezuela
5 Level
886 Review
1576.5 Karma

Review on Historia by Pedro O. Alvino M.

Revainrating 4 out of 5

Storage of historical records through the blockchain.

A little unusual project, because it is focused on providing content of relevant and historical events at present, so that users can read said content that is immutable through the blockchain and that are added through a voting system of the governance layer that counts the project.
The project has its own blockchain that was designed from the Dash chain, in addition to integrating a system of masternodes that are in charge of casting votes on the proposals of the different events published by users, said this system the The project encourages those users to present relevant facts with highly specific and truthful details in order to archive this truthful content on the project's blockchain.
The project provides the wallets to run the masternodes on the network, in addition to mining development it has an algorithm (X16RV2) that avoids centralization in the project's mining network, so that it wants to have a fully ecosystem decentralized.
An important detail of the project is that it has very few participants both in the network and in its social networks, that despite being a project with certain potential, a large part of the market revolves around projects more related to finance that are more popular among the crypto community.



Pros
  • Stores relevant and historical facts on the blockchain.
  • It is made up of a decentralized governance system.
  • Promotes the incentive to users who register accurate current events to the platform.
  • Blockchain based on base codes from the Dash network.
  • Uses IPFS technology for the storage of files that will be used as the basis for registration proposals.
  • It has an algorithm for mining based on the X11 algorithm, which is resistant to ASIC
Cons
  • It will be difficult for the project to adapt to the market since even in a large part the centralized historical content systems have the highest demand (Wikipedia).
  • Very few masternodes are integrated into the project network.
  • Roadmap not updated.
  • The trading volume of the project currency is really low.