Review on Amoveo by Pedro O. Alvino M.
Creation of CDF markets with Lightning Network channels
Designed for operators in the financial market, it offers the necessary tools so that a user can run their own market through a channel, where other network users can have this market in said channel, so that there is transparency and without no security risk.
The project is based on more than everything in the bitcoin network, since it uses the same consensus, in addition to having a highly scalable Lightning network for the execution of the CDF market, in which they will be systematized with smart contracts and oracles provided by the Asset price information, whether any user can run their own CDF market in a decentralized manner.
By having its own mainnet, the transaction time and confirmation of blocks is much faster than bitcoin and lower fees, in addition, the low supply of the VEO currency can generate a long-term rise, but considering the authority that traditional CDF markets have. The demand for the project's services is still low, which has generated fluctuations in the currency and in the project itself.
Pros
- Designed with the same security architecture as bitcoin.
- Allows the creation of a CDF market systematized with smart contracts.
- Offers a cryptocurrency price prediction system governed by oracles.
- Uses the stateless full node model.
- It has channels based on the bitcoin Lightning network for market hosting.
Cons
- Huge volatility of its native VEO currency.
- No roadmap and project updates.
- Very little community in the project.
