Review on OTOCASH by Pedro O. Alvino M.
payment system with proof of participation consensus algorithm
Most of the projects offer payment systems, but in some cases they do not have their own network, in addition to owning it, it is very slow and I did not pay enough for payments in a financial ecosystem. Otocash from the proof of participation, it has a totally fast confirmation of blocks although they only admit payments in their currency can meet the expectations of the operator
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Pros
- Open source software project.
- It has personalized payment systems.
- Consumer safety through KYC.
- It has a wallet to protect assets on the Platform It offers fast and high volume transactions.
- Consensus algorithm based on proof of participation
Cons
- The rewards for mining are totally dire.
- KYC verification is mandatory for the respective use of the platform.
- It does not have new features for this year.
