Review on Viacoin by Alex Martakov
When analyzing the potential of Viacoin also pay attention to competition. On…
When analyzing the potential of Viacoin also pay attention to competition. On the basis of the blockchain, a fairly extensive number of platforms are developing, offering both fast transactions and work with decentralized applications. Each of them is able to occupy its own niche, but this does not reduce competitive pressure.
In this way it emphasizes the advantages of Viacoin. The main ones are high transaction speed and data privacy. this increases the project's prospects at the user level. Working with decentralized applications and the reliability of the blockchain makes the platform popular for doing business
Pros
- - creation of reputation and rating systems; - conducting surveys and user voting; - organization of betting; - the creation of stock exchanges and exchangers; - monetization of assets and ICO. All functionality is provided by the decentralized viacoin blockchain: from property rights management to insurance records - everything is entered into the block chain. This increases the security of the infrastructure from interference and makes the system a reliable resource for the implementation of tasks. An important role in the functioning of the network is played by the turnover of the internal cryptocurrency. Support for miners provides a weak but stable growth, which reduces inflation risks. Users themselves through Viacoin are able to make payments and transfers in a secure environment with minimal fees and high speed. For the convenience of asset management and storage, a dedicated wallet is provided.
Cons
- Despite the vast experience of the Viacoin development team, the technical implementation of all integrated ideas is quite complex
