Review on Pillar by Fabrizio Zampieri
The project seems to be much more than a wallet. It’s an entire project that…
The project seems to be much more than a wallet. It’s an entire project that will help consumers who want to get on board with some very major innovations. And eventually, they’ll be able to go from just using the wallet, to using apps that can manage their entire digital life.
Pillar platform is an open sourced wallet. In the past, wallets where mostly used to handle the more popular currencies like Bitcoin ad Ethereum. But Pillar is designed to handle a multitude of different altcoins and currencies.
Further Pillar's team are plan on the personal data locker they’re developing to be powerful enough to replace iOS and Android apps. That means, the software will be strong enough to be the new operating system for mobile devices.
The token is called a meta token. That is it will operate multiple actions. The company claims their token will be able to handle any transactions going on throughout the day. For example, you’ll be able to see your normal currency and a balance of pillar. All of the tokens you need will be one level down, where you can use them to pay for goods and services.
One of the major aspects of the company is the development of the Personal Data Locker. The PDL has been designed to give people back control of their personal data. It’s been primarily based on the book Pull. It’s said to help build trust when, so much data is handled by third parties.
There are several professionals from the tech industry behind Pillar. David Siegel is the co-founder and CEO of the company. Also Tomer Sofinzon is a co-founder as well.
Pros
- - Company started with a wallet but Pillar has a long-term goal of being one of the most performing cryptocurrency wallet in the world. - Pillar is said to be different than other wallets because users can use it to manage all of their digital assets. - Once the wallet is set out, it should be able to change the entire future of cryptocurrency. This could relate to browsers, exchanges, devices, services and nearly every other medium available to date.
Cons
- - Pillar is still a young project, so it will take some time to learn how well it operates. A lot of companies make huge promises, but fall short when delivering. - Pillar does claim to already have around 17,000 people involved in the project, not a small number.
