Review on DeVault by Carlos Figueroa
Based on the Bitcoin blockchain with cold rewards.
Composed of a community, which establishes the operation of the DeVault platform, it is undoubtedly governed by a decentralized model in which anyone can enter and choose the benefits that it has, in which security is developed under the architecture of the Bitcoin blockchain, but much faster block commit speed.
Despite having a low community, its services are still online, but it is necessary to consider the fact that the maintenance of the services and products it offers may have a cost, which will be obtained through the self-financing system, which comes partially from the financial movements of its currency, but said currency has not caught the attention of potential future investors or users who wish to use this crypto asset as a means of payment, therefore the future of the platform may be uncertain.
Pros
- It has a design and network architecture similar to Bitcoin, integrated with SHA-256
- Transfers on the network are completed in less than two minutes.
- Directed and developed by a community made up of users from all over the world.
- Add various visualization tools in your block explorer.
- Composed of a decentralized model.
Cons
- Being a community-based platform, the noticeable absence of users can affect how DeVault works.
- The number of followers who view the project is very low.
- The current value of its currency has not registered indisputable movements that favor the development of new characteristics in the project and stabilize the self-financing of the platform.
