Review on DeVault by José A Rodríguez
DeVault: An Alternative to Link a Decentralized Community
DeVault is also a decentralized blockchain network that is running with the partnership of Bitcoin, so it is a supportive project looking for implementing new chains of investments in the overall ecosystem. I like the blockchain because it offers a simple way to understand why it is so different from other projects. It has worldwide attendance, perhaps not established everywhere, but easy it is easy to follow and join to.
Moreover, this blockchain permits its world management through a communicative and cooperative community. It is totally an open-source of good supplements to trade without losses. Perhaps, one of the most outstanding features of it is the fact that it is not just decentralized, but it also increases decentralization through connections among other networks. It is a good example of digital independence.
On the other hand, joining the platform is easier, although after that to verify the account, the system requires users to download and open a DeVault inner wallet. And here is where the tasks become a little bit tiresome. I think because of it I do not like the project. First of all, it presents an outdated wallet, and to verify the address, users must download the core wallet, but the process is not really easy. They must work online, and this is sometimes risky. Below, I attached a screenshot that illustrates how the wallet looks, and the part of the process they must execute.
The platform has a mining section, as well as an exchange, and other multiple resources to get in touch with the global community. Its slogan is particularly defined with why they are currently promoting.
Overall, the project looks for improving the current ecosystem of the first decentralized blockchain and cryptocurrency, however, they have so much work to do. In my opinion, they need to update the platform and explain more about the major idea, although it is good the sort of benefits they offer.
Pros
- Blockchain of open source and good model decentralization. It runs beyond support to other blockchains.
- Outstanding idea of boosting independence in the people who join the network. With a chance to grow up as individuals and plan better for the financial age of cryptos.
- Excellent linked sections in the digital ecosystem to trade, mine, develop and interact as an expert.
- The security system is implemented by the users themselves. While more committed users join the initiative, the platform will become a safe network.
Cons
- The external products to download like the wallet are difficult to manage. There are two types of wallets that must be linked online, but the process is tedious.
- The company needs to update the current purpose to permit users to explore in-depth.
