Review on Phore by Pedro O. Alvino M.
Application development and decentralized market
Developed to offer a scalable and secure network for the development of decentralized applications through an easy-to-use smart contract, it is one of the services that the project has, in addition to providing privacy services and a decentralized market.
After entering the market at the end of 2017, the project has been updating and improving its services, but in terms of trading and market capitalization of its currency it has had a poor performance, given to clarify the little interest of crypto investors in the project of Phore, and taking into account the services it provides, lacks its own initiative, since a large part of the functions that it inclines can be found in other projects with greater scope in the market.
Pros
- Offers privacy services both in transactions and user data with total transparency.
- Provides incentives to users according to the contribution they make to the network.
- Offers a decentralized marketplace focused on your token.
- It has a modern and flexible smart contract that allows the development of applications with total security and scalability.
- Includes Synapse technology that provides more per-second transaction processing and network security.
Cons
- It has witnessed a trade deficit in both its service and its currency since its market launch.
- It does not have a stable base community.
