Review on Veles by Pedro O. Alvino M.
Decentralized network of VPN network service
Open source project based on offers an open source VPN network service, in order to the user ability a VPN network without limits of restrictions by use and low costs for the usability of the service, so that the design of the The project's network is focused on the Dash network, as it integrates a test-of-service and masternodes system introduced by Dash and at the same time robust open source technologies such as OpenVPN, which is an open source SSL VPN server.
The project network also includes several mechanisms that avoid the centralization of the network, and this is comprised of a multi-algorithmic mining system that offers a large number of miners the opportunity to mine, where the distribution of rewards is equitable and This prevents 51% attacks on the network, in addition, together with the masternode network, it will also function as a layer of the operation of the VPN service through a mechanism of low rates to acquire the open source VPN service, which by establishing low rewards This will further encourage users to implement more masternodes on the network and avoid centralization on the network.
The current competition that resides in the VPN service is very encompassed by centralized platforms, so that for open source projects based on VPN networks it can be difficult to obtain a large number of users who require their services, therefore the Veles project has very little support from its community, also the project currency does not have an excellent performance in the market, something that is vital for the project, so that the rewards for participation in the project network are low, a volatility decreasing can cause the total being abana by a large part of users who have executed a masternodes.
Pros
- Uses multiple algorithms combined with dynamic block rewards and insta-mine protection.
- Integrates a system of masternodes based on levels.
- Implements a low fee mechanism for acquiring the VPN service that prevents DDoS-type attacks
- The service network has several supported platforms.
Cons
- Very few online masternodes.
- The project's market capitalization and commercial liquidity are appalling.
- The rewards for serving masternodes on the web can discourage many users.
- Outdated roadmap.
- There are already many projects based on decentralized VPN networks.
