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▪️ 25% (6) Send Protocol
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▫️ 8% (2) Deconet
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▪️ 50% (12) Mind AI
🔸🔸🔸🔸🔸🔸🔸🔸
▫️ 16% (4) Hub Token
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👥 24 - gross votes
▪️ 25% (6) Send Protocol
🔸🔸🔸🔸
▫️ 8% (2) Deconet
🔸
▪️ 50% (12) Mind AI
🔸🔸🔸🔸🔸🔸🔸🔸
▫️ 16% (4) Hub Token
🔸🔸
👥 24 - gross votes
🎉 Mind AI has won this week's Community vote, and therefore an in-depth review of Mind AI will be posted soon. 🎉
We would like to thank you for taking the time to vote for your favourite project.
We would like to thank you for taking the time to vote for your favourite project.
📈 Blockpit In-Depth Review & Rating is online!
Blockpit aims to address the difficulties experienced by cryptocurrency traders when trying to keep track of their trading activities across a number of different exchanges. The tracking platform also provides a way to comprehensively monitor all sources of cryptocurrency income into one complete record. This includes any income accrued from trading, mining, ICO participation, hardforks, airdrops, and masternode operation. The platform is available as both a web and mobile app, and requires a one-time setup process where read-only access to exchanges and blockchains is given by the user via API and public keys. As a result, past and future transactions are able to be imported in close to real-time and allow all relevant documentation to be kept up to date.
The team assert that complete documentation of all transactions is essential for calculating correct tax liabilities and aim to enable cryptocurrency traders with a simplified way to track their activities in light of the EU’s Anti Money Laundering (AML) Directive.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 50%
Documentation | 75%
Development Roadmap | 85%
Business Model | 90%
Company & Team | 85%
Token Sale | 75%
Final Rating | 78%
Blockpit is a simple yet comprehensive project addressing a market niche that is currently under served. The project simplifies the tax reporting process for the entire cryptocurrency community and should surely gain significant adoption over time. In addition, the stance taken by regulators and governments in a number of prominent regions will force a significant number of participants to take their tax records more seriously, and Blockpit is well positioned to serve these individuals. However, despite the obvious need for the solution, and a lack of any direct competition, there are still some areas of concern.
Firstly, it may not have been necessary for the project to incorporate a token, as users could easily pay via fiat currencies, and the team would just have to confirm how records are kept. There is the possibility that records may be kept on centralized servers, which further reduces the need for DLT. In addition, in the short to medium term, the success of the project may entirely depend on the way the market moves. A long term bear run will leave a significant number of participants unconcerned with reporting their activities. This sentiment will of course change during a bull market when community members are more focussed on “cashing out”.
Nonetheless, the project is strong in a number of key areas and the team contains experienced tax professionals such as Gert Weidinger, Gerd Karlhuber and Patric Stadlbauer. As a result, Blockpit looks set to leverage a strong operational network and benefit from the extensive experience of its core team members. In addition to building an intuitive and easy to use platform, Blockpit will thrive as a result of developing a global Tax Alliance of regulators and tax consultants and standardized frameworks for cryptotaxation, (by region) which will allow the platform to be adopted worldwide. They will also benefit from continuing to work alongside exchanges and integrate with predominant tax software such as Austria’s FinanzOnline, which is currently being discussed.
The project’s token economy is another key area, and under normal circumstances it would be an area of concern. However, as the platform is targeting active members of the cryptocurrency community, the staking mechanism will be better received than if it were marketed to general users. Having both individual users and business entities lock up their tokens gives the TAX token instant utility and some price stability as the platform gains tractions. Anyone interested in using the platform will also be required to participate in the crowdsale, or purchase the tokens from exchanges, or via Blockpit’s account menu. As a result, the token sale is best suited for anyone looking to make use of Blockpit’s services as soon as possible.
Blockpit aims to address the difficulties experienced by cryptocurrency traders when trying to keep track of their trading activities across a number of different exchanges. The tracking platform also provides a way to comprehensively monitor all sources of cryptocurrency income into one complete record. This includes any income accrued from trading, mining, ICO participation, hardforks, airdrops, and masternode operation. The platform is available as both a web and mobile app, and requires a one-time setup process where read-only access to exchanges and blockchains is given by the user via API and public keys. As a result, past and future transactions are able to be imported in close to real-time and allow all relevant documentation to be kept up to date.
The team assert that complete documentation of all transactions is essential for calculating correct tax liabilities and aim to enable cryptocurrency traders with a simplified way to track their activities in light of the EU’s Anti Money Laundering (AML) Directive.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 50%
Documentation | 75%
Development Roadmap | 85%
Business Model | 90%
Company & Team | 85%
Token Sale | 75%
Final Rating | 78%
Blockpit is a simple yet comprehensive project addressing a market niche that is currently under served. The project simplifies the tax reporting process for the entire cryptocurrency community and should surely gain significant adoption over time. In addition, the stance taken by regulators and governments in a number of prominent regions will force a significant number of participants to take their tax records more seriously, and Blockpit is well positioned to serve these individuals. However, despite the obvious need for the solution, and a lack of any direct competition, there are still some areas of concern.
Firstly, it may not have been necessary for the project to incorporate a token, as users could easily pay via fiat currencies, and the team would just have to confirm how records are kept. There is the possibility that records may be kept on centralized servers, which further reduces the need for DLT. In addition, in the short to medium term, the success of the project may entirely depend on the way the market moves. A long term bear run will leave a significant number of participants unconcerned with reporting their activities. This sentiment will of course change during a bull market when community members are more focussed on “cashing out”.
Nonetheless, the project is strong in a number of key areas and the team contains experienced tax professionals such as Gert Weidinger, Gerd Karlhuber and Patric Stadlbauer. As a result, Blockpit looks set to leverage a strong operational network and benefit from the extensive experience of its core team members. In addition to building an intuitive and easy to use platform, Blockpit will thrive as a result of developing a global Tax Alliance of regulators and tax consultants and standardized frameworks for cryptotaxation, (by region) which will allow the platform to be adopted worldwide. They will also benefit from continuing to work alongside exchanges and integrate with predominant tax software such as Austria’s FinanzOnline, which is currently being discussed.
The project’s token economy is another key area, and under normal circumstances it would be an area of concern. However, as the platform is targeting active members of the cryptocurrency community, the staking mechanism will be better received than if it were marketed to general users. Having both individual users and business entities lock up their tokens gives the TAX token instant utility and some price stability as the platform gains tractions. Anyone interested in using the platform will also be required to participate in the crowdsale, or purchase the tokens from exchanges, or via Blockpit’s account menu. As a result, the token sale is best suited for anyone looking to make use of Blockpit’s services as soon as possible.
📈 MetaCert Protocol In-Depth Review & Rating is online!
MetaCert is a security protocol for the Internet that aims to build a query and response protocol on the Blockchain, which stores open-sourced and community verified information on resources such as domain names, IP addresses, social media accounts, bots, applications, crypto wallet addresses, or autonomous system identities. The information stored on the Protocol can be used by anyone to build products or services to address issues such as phishing, malware, brand protection, child safety, and news credibility. By doing so, MetaCert wants to categorize different sources of the internet (so-called “URI’s”) into reputable/non-reputable sources.
Through construction of such a protocol, the project wants to tackle the following problems in the space:
- Users who are not adequately capable of detecting and avoiding security threats due to ineffective threat identification and categorization
- Detected threats that are often incorrectly categorized
- Users and service providers that aren’t properly incentivized to fix the existing detection and categorization issues
✅ Review Rating ✅
Product | 70%
Use of Blockchain | 70%
Documentation | 90%
Development Roadmap | 50%
Business Model | 75%
Company & Team | 80%
Token Sale | 70%
Final Rating | 72%
MetaCert Protocol is attempting to pivot the existing centralized version onto the Blockchain in order to make it decentralized and create a token economy. The centralized version is successful in the market, which underlines that there is demand for such a product. Moreover, existing customers will be moved onto the new decentralized protocol in order to accelerate growth, which is highly advantageous for the project. So far, there are few competitors in this niche of the cryptosphere, which means the project will be very lucrative if it is successful.
A challenge with bringing a centralized solution onto the Blockchain with a token is to develop a proper sustainable token ecosystem. Unfortunately, we believe that MetaCert did not do well in this regard. The META token as is can be a means of payment or has the utility of being staked in return for rewards. In our opinion, these two functionalities can be easily achieved by using mainstream cryptocurrencies such as Bitcoin or Ethereum. Therefore, we do not see the need for an individual token here besides for fundraising purposes. The team itself has a lot of expertise and brings strong advisors to the table. However, the team was unable to deliver their testnet beta in time, so we question how realistic a mainnet release by December 2018 really is.
With regard to the token sale, we find the valuation to be reasonable and praise the team for being fully transparent about prior investment rounds. The fact that the seed round received a discount of 41.67%, and the other tier a 25% discount, is partly made up again by the vesting periods. However, we still dislike these large discounts, even more under consideration of the fact that seed round might have happened at a much higher Bitcoin to Dollar ratio, whereas right now we are rather at the bottom. When considering how poorly the current ICOs are performing, we think there may be other more successful projects on the market.
▶️ Read the full review at the following link: https://bit.ly/2ETj9l5
MetaCert is a security protocol for the Internet that aims to build a query and response protocol on the Blockchain, which stores open-sourced and community verified information on resources such as domain names, IP addresses, social media accounts, bots, applications, crypto wallet addresses, or autonomous system identities. The information stored on the Protocol can be used by anyone to build products or services to address issues such as phishing, malware, brand protection, child safety, and news credibility. By doing so, MetaCert wants to categorize different sources of the internet (so-called “URI’s”) into reputable/non-reputable sources.
Through construction of such a protocol, the project wants to tackle the following problems in the space:
- Users who are not adequately capable of detecting and avoiding security threats due to ineffective threat identification and categorization
- Detected threats that are often incorrectly categorized
- Users and service providers that aren’t properly incentivized to fix the existing detection and categorization issues
✅ Review Rating ✅
Product | 70%
Use of Blockchain | 70%
Documentation | 90%
Development Roadmap | 50%
Business Model | 75%
Company & Team | 80%
Token Sale | 70%
Final Rating | 72%
MetaCert Protocol is attempting to pivot the existing centralized version onto the Blockchain in order to make it decentralized and create a token economy. The centralized version is successful in the market, which underlines that there is demand for such a product. Moreover, existing customers will be moved onto the new decentralized protocol in order to accelerate growth, which is highly advantageous for the project. So far, there are few competitors in this niche of the cryptosphere, which means the project will be very lucrative if it is successful.
A challenge with bringing a centralized solution onto the Blockchain with a token is to develop a proper sustainable token ecosystem. Unfortunately, we believe that MetaCert did not do well in this regard. The META token as is can be a means of payment or has the utility of being staked in return for rewards. In our opinion, these two functionalities can be easily achieved by using mainstream cryptocurrencies such as Bitcoin or Ethereum. Therefore, we do not see the need for an individual token here besides for fundraising purposes. The team itself has a lot of expertise and brings strong advisors to the table. However, the team was unable to deliver their testnet beta in time, so we question how realistic a mainnet release by December 2018 really is.
With regard to the token sale, we find the valuation to be reasonable and praise the team for being fully transparent about prior investment rounds. The fact that the seed round received a discount of 41.67%, and the other tier a 25% discount, is partly made up again by the vesting periods. However, we still dislike these large discounts, even more under consideration of the fact that seed round might have happened at a much higher Bitcoin to Dollar ratio, whereas right now we are rather at the bottom. When considering how poorly the current ICOs are performing, we think there may be other more successful projects on the market.
▶️ Read the full review at the following link: https://bit.ly/2ETj9l5
CryptoCalibur
Review of MetaCert: Trust & Reputation for Internet | CryptoCalibur
"Quality unchained" | MetaCert is a security protocol for the Internet that aims to build a query and response protocol on the Blockchain, which stores...
It is time to vote! Let us know which project you want us to review next.
▪️ 30% (6) AnyLedger
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▫️ 20% (4) Archon Cloud
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▪️ 0% Please Protocol
▫️ 50% (10) THORChain
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👥 20 - gross votes
▪️ 30% (6) AnyLedger
🔸🔸🔸🔸
▫️ 20% (4) Archon Cloud
🔸🔸🔸
▪️ 0% Please Protocol
▫️ 50% (10) THORChain
🔸🔸🔸🔸🔸🔸🔸🔸
👥 20 - gross votes
🎉 THORChain has won this week's Community vote, and therefore an in-depth review of THORChain will be posted soon. 🎉
We would like to thank you for taking the time to vote for your favourite project.
We would like to thank you for taking the time to vote for your favourite project.
📈 MagnaChain In-Depth Review & Rating is online!
MagnaChain is set to be the next high-performance blockchain with a related integration toolset that enables a new generation of dApps. This type of application can be easily deployed on the network through the use of a friendly programming interface, SDKs, and other tools for streamlined and rapid integration into the dApps including game engines, marketplaces and more.
MagnaChain’s performance is derived from the novel consensus model, the VH-PoS, which attracts miners by taking a virtual hash-rate similar to classical consensus and a staking model with an adjustment in difficulty that enables a fair chance for every participant.
To further develop the networks’ capacity and achieve the desired throughput, MagnaChain implements a sidechain mechanism with concurrent chains that can run independently and synchronize data faster, thus only requiring the dApp sidechain and mainchain to relay data.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 85%
Documentation | 70%
Development Roadmap | 65%
Business Model | 65%
Company & Team | 75%
Token Sale | 75%
Final Rating | 74%
MagnaChain proposes an interesting solution that aims to solve the problem that plagues today’s blockchain platforms, but it runs in a heavily competitive landscape. The team will have to deliver an actual working product as soon as possible in order to stay ahead of all their competitors.
With the amount of partnerships and clear dedicated paths on game development and integration on the MagnaChain network, we feel that the team’s vision to become one of the leading platforms for gaming applications is feasible. As innovation has been the hallmark for the gaming industry, MagnaChain can amass a good amount of software developers, especially with the affiliation with popular engines and platforms, thus creating an increasing interest for developers of all kinds to launch their dApps on the platform.
While we do like their initiative to focus on the game industry, and especially on the newly added niche of blockchain games, the main point that can threaten the project’s success is the blockchain part. There aren’t enough blockchain developers on the team and this might bring setbacks in terms of actually delivering their proposed goals.
We look forward to see how their test net and main net rollout, as they received good results so far according to third parties that have audited the code and we want to see how the platform will handle, both in terms of speed and security, and in terms of number of users and developers. For now MagnaChain is still an early-stage project, with a good business development plan, that needs to deliver on the technological part.
▶️ Read the full review at the following link: https://bit.ly/2SO3GW9
MagnaChain is set to be the next high-performance blockchain with a related integration toolset that enables a new generation of dApps. This type of application can be easily deployed on the network through the use of a friendly programming interface, SDKs, and other tools for streamlined and rapid integration into the dApps including game engines, marketplaces and more.
MagnaChain’s performance is derived from the novel consensus model, the VH-PoS, which attracts miners by taking a virtual hash-rate similar to classical consensus and a staking model with an adjustment in difficulty that enables a fair chance for every participant.
To further develop the networks’ capacity and achieve the desired throughput, MagnaChain implements a sidechain mechanism with concurrent chains that can run independently and synchronize data faster, thus only requiring the dApp sidechain and mainchain to relay data.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 85%
Documentation | 70%
Development Roadmap | 65%
Business Model | 65%
Company & Team | 75%
Token Sale | 75%
Final Rating | 74%
MagnaChain proposes an interesting solution that aims to solve the problem that plagues today’s blockchain platforms, but it runs in a heavily competitive landscape. The team will have to deliver an actual working product as soon as possible in order to stay ahead of all their competitors.
With the amount of partnerships and clear dedicated paths on game development and integration on the MagnaChain network, we feel that the team’s vision to become one of the leading platforms for gaming applications is feasible. As innovation has been the hallmark for the gaming industry, MagnaChain can amass a good amount of software developers, especially with the affiliation with popular engines and platforms, thus creating an increasing interest for developers of all kinds to launch their dApps on the platform.
While we do like their initiative to focus on the game industry, and especially on the newly added niche of blockchain games, the main point that can threaten the project’s success is the blockchain part. There aren’t enough blockchain developers on the team and this might bring setbacks in terms of actually delivering their proposed goals.
We look forward to see how their test net and main net rollout, as they received good results so far according to third parties that have audited the code and we want to see how the platform will handle, both in terms of speed and security, and in terms of number of users and developers. For now MagnaChain is still an early-stage project, with a good business development plan, that needs to deliver on the technological part.
▶️ Read the full review at the following link: https://bit.ly/2SO3GW9
Introducing our brand new review section - Code Reviews. Our code reviews are based on the content of public and/or private GitHubs. We strive to provide investors and enthusiasts who are interested to go beyond the whitepaper and business model, and actually see what's "under the hood".
We may not always get access to the full code, however each review takes into consideration all of the code that is made available to us. Our evaluation is based on the completeness, quality, and performance test of the code. All of the reviews we do are unpaid, and are based on our research, and the projects we decide to research are based on our discretion.
👉 https://cryptocalibur.com/code-reviews/
We may not always get access to the full code, however each review takes into consideration all of the code that is made available to us. Our evaluation is based on the completeness, quality, and performance test of the code. All of the reviews we do are unpaid, and are based on our research, and the projects we decide to research are based on our discretion.
👉 https://cryptocalibur.com/code-reviews/
📈 nOS In-Depth Review & Rating is online!
nOS aims to be the next revolution in the decentralization ladder. As with the evolution of today’s technology, our online presence and footprints are becoming increasingly significant for companies and actors aiming to earn revenue based on data gathered from users. In today’s ecosystem we are not in control of our own data and presence in the online environment, and this leads to a breach in users’ privacy.
nOS is a virtual operating system for the NEO ecosystem, with the aim of enabling a more feasible and wide-spread adoption of the NEO dApps through the nOS gateway platform. This platform enables websites and applications to host their content in an open and decentralized way using NEO Smart Contracts, giving users total transparency as to what happens with their data.
nOS envisions an environment where the users can have control of how they interact with applications and on the other side, the dApp developers can promote their applications in an open and fair manner. This is achieved by creating a staking mechanism which enables the users to gain decentralized authority, and impact the applications through the use of a rating system that will determine how well a project develops. Furthermore, teams will be accessing resources far more easily, all within the ecosystem, through the same staking mechanism. The staking mechanism will enable Domain Name Service and File-storage resources to be acquired instantly.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 70%
Documentation | 75%
Development Roadmap | 65%
Business Model | 55%
Company & Team | 75%
Token Sale | 80%
Final Rating | 71%
nOS tackles a very dedicated sector that aims to foster adoption to the dApp industry, by developing a user-friendly gateway and marketplace where users can access and promote applications in a decentralized manner. While the dApp adoption phase is only in its initial stages, nOS aims to stay ahead of the competition by creating an ecosystem to host the applications developed on NEO. This can be leveraged especially with the team’s CoZ connections, as most of the NEO Development is focused around this community. Thus, an opportunity arises for the nOS platform to gather traction along with the newer NEO projects, by engaging in a mutually beneficial relationship of promoting the adoption of their respective platforms.
However, there are certain areas of concern regarding the lack of a long-term approach and a business plan, as there is no focus on how the adoption of the platform will occur. There is also a certain dependence of the platform on the NEO blockchain and with the CoZ, which might serve as a double edge sword, being both an advantage and a possible weakness, as failure of the NEO ecosystem will also translate in the fall of nOS as a platform. The team is also very small compared with the vision of the project, especially in areas concerning business and legal aspects.
We feel that nOS has a unique approach and targets a very under tapped area, with a lot of possible use cases that will offer an edge into the adoption game to the NEO ecosystem. Nonetheless there is a lot of competition that the project meets when split on the key areas, as many projects aim to create a dApp gateways, a decentralized file storage and domain name service and a browser to access the decentralized Internet, all with different stages of development. This raises some concerns, as we feel that the team focus is split between too many features, creating possible failure points and a possible dissimilar platform.
▶️ Read the full review at the following link: https://bit.ly/2FsXRLs
nOS aims to be the next revolution in the decentralization ladder. As with the evolution of today’s technology, our online presence and footprints are becoming increasingly significant for companies and actors aiming to earn revenue based on data gathered from users. In today’s ecosystem we are not in control of our own data and presence in the online environment, and this leads to a breach in users’ privacy.
nOS is a virtual operating system for the NEO ecosystem, with the aim of enabling a more feasible and wide-spread adoption of the NEO dApps through the nOS gateway platform. This platform enables websites and applications to host their content in an open and decentralized way using NEO Smart Contracts, giving users total transparency as to what happens with their data.
nOS envisions an environment where the users can have control of how they interact with applications and on the other side, the dApp developers can promote their applications in an open and fair manner. This is achieved by creating a staking mechanism which enables the users to gain decentralized authority, and impact the applications through the use of a rating system that will determine how well a project develops. Furthermore, teams will be accessing resources far more easily, all within the ecosystem, through the same staking mechanism. The staking mechanism will enable Domain Name Service and File-storage resources to be acquired instantly.
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 70%
Documentation | 75%
Development Roadmap | 65%
Business Model | 55%
Company & Team | 75%
Token Sale | 80%
Final Rating | 71%
nOS tackles a very dedicated sector that aims to foster adoption to the dApp industry, by developing a user-friendly gateway and marketplace where users can access and promote applications in a decentralized manner. While the dApp adoption phase is only in its initial stages, nOS aims to stay ahead of the competition by creating an ecosystem to host the applications developed on NEO. This can be leveraged especially with the team’s CoZ connections, as most of the NEO Development is focused around this community. Thus, an opportunity arises for the nOS platform to gather traction along with the newer NEO projects, by engaging in a mutually beneficial relationship of promoting the adoption of their respective platforms.
However, there are certain areas of concern regarding the lack of a long-term approach and a business plan, as there is no focus on how the adoption of the platform will occur. There is also a certain dependence of the platform on the NEO blockchain and with the CoZ, which might serve as a double edge sword, being both an advantage and a possible weakness, as failure of the NEO ecosystem will also translate in the fall of nOS as a platform. The team is also very small compared with the vision of the project, especially in areas concerning business and legal aspects.
We feel that nOS has a unique approach and targets a very under tapped area, with a lot of possible use cases that will offer an edge into the adoption game to the NEO ecosystem. Nonetheless there is a lot of competition that the project meets when split on the key areas, as many projects aim to create a dApp gateways, a decentralized file storage and domain name service and a browser to access the decentralized Internet, all with different stages of development. This raises some concerns, as we feel that the team focus is split between too many features, creating possible failure points and a possible dissimilar platform.
▶️ Read the full review at the following link: https://bit.ly/2FsXRLs
📈 Enecuum In-Depth Review & Rating is online!
Enecuum is a next generation high throughput blockchain platform that aims to facilitate a number of secure and highly scalable blockchain services and enterprise level decentralized applications. The team have developed the “HyperDAG” technology which is a data model for storing and writing transactions, and incorporates flexible settings. HyperDAG also supports the creation of separate branches where the rules can be tailored to solve various business problems and also integrates sharding technology which helps to deal with issues related to scalability.
Enecuum has also developed “SHARNELL Smart Contracts” which consist of formulae and business oriented linear logic, and this method of operation allows for the reliable automatic certification of smart contracts prior to their publication to the system, which may significantly reduce possible vulnerabilities, and other issue such as misuse, freezes, and deadlocks.
In addition, Enecuum uses the “Trinity” hybrid consensus algorithm that combines the Proof of Work (PoW), Proof of Stake (PoS), and Proof of Activity (PoA) algorithms. This hybrid consensus mechanism increases the network’s levels of security and decentralization and makes the confirmation of transactions possible from almost any smart device connected to the network, with mobile phone mining a key network feature.
As a result, Enecuum is a highly adaptive and decentralized system which is both highly scalable and resistant to various types of attacks. The team earmark security, flexibility and the ability to handle a large number of transactions cheaply and quickly as key aspects of their blockchain network.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 65%
Development Roadmap | 70%
Business Model | 75%
Company & Team | 80%
Token Sale | 60%
Final Rating | 76%
Enecuum is an innovative solution that is bringing forward advances in a number of areas related to smart contracts, consensus algorithms and DAG technology. However, the project can be expected to lag behind the enterprise solutions offered by IBM, Microsoft, and SAP in terms of business adoption, while a project like Aergo which is backed by an established company in Blocko will also prove tough to outdo in terms of initial business development. As a result, the Enecuum team will be forced to be innovative when it comes to drumming up a committed user base for their platform and to aggressively pursue potential business partners and early adopters.
Despite this, the team contains strong performers such as Jason Lee, Jev Vainsteins, and Adrian Guye who have significant experience of working for organizations such as BNP Paribas, JP Morgan, Huawei, and Canonical. In addition, the presence of advisors that represent investment groups is a major plus as AlphaChain, GEM Capital, and iCapital have made their presence known, while advisors with links to Interfacemax, and Juno Capital are also present. This body of advisors should help the team to raise a crucial amount of funds and also to make key connections in the blockchain business world.
The project has decided on an emission model for their ENQ Token which sees only 13.8% being made available during the Token Sale while 70% is being reserved for miners. As a result, potential token sale and network participants need to familiarize themselves with the project’s three stage process whereby 30% of the total emission of ENQ will be pre-mined by the Enecuum development team with a further 30% of the total ENQ emission being made available for minors over a five-year period. The final 40% will then be made available to miners and will not be subject to any timing cap.
Enecuum is a next generation high throughput blockchain platform that aims to facilitate a number of secure and highly scalable blockchain services and enterprise level decentralized applications. The team have developed the “HyperDAG” technology which is a data model for storing and writing transactions, and incorporates flexible settings. HyperDAG also supports the creation of separate branches where the rules can be tailored to solve various business problems and also integrates sharding technology which helps to deal with issues related to scalability.
Enecuum has also developed “SHARNELL Smart Contracts” which consist of formulae and business oriented linear logic, and this method of operation allows for the reliable automatic certification of smart contracts prior to their publication to the system, which may significantly reduce possible vulnerabilities, and other issue such as misuse, freezes, and deadlocks.
In addition, Enecuum uses the “Trinity” hybrid consensus algorithm that combines the Proof of Work (PoW), Proof of Stake (PoS), and Proof of Activity (PoA) algorithms. This hybrid consensus mechanism increases the network’s levels of security and decentralization and makes the confirmation of transactions possible from almost any smart device connected to the network, with mobile phone mining a key network feature.
As a result, Enecuum is a highly adaptive and decentralized system which is both highly scalable and resistant to various types of attacks. The team earmark security, flexibility and the ability to handle a large number of transactions cheaply and quickly as key aspects of their blockchain network.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 65%
Development Roadmap | 70%
Business Model | 75%
Company & Team | 80%
Token Sale | 60%
Final Rating | 76%
Enecuum is an innovative solution that is bringing forward advances in a number of areas related to smart contracts, consensus algorithms and DAG technology. However, the project can be expected to lag behind the enterprise solutions offered by IBM, Microsoft, and SAP in terms of business adoption, while a project like Aergo which is backed by an established company in Blocko will also prove tough to outdo in terms of initial business development. As a result, the Enecuum team will be forced to be innovative when it comes to drumming up a committed user base for their platform and to aggressively pursue potential business partners and early adopters.
Despite this, the team contains strong performers such as Jason Lee, Jev Vainsteins, and Adrian Guye who have significant experience of working for organizations such as BNP Paribas, JP Morgan, Huawei, and Canonical. In addition, the presence of advisors that represent investment groups is a major plus as AlphaChain, GEM Capital, and iCapital have made their presence known, while advisors with links to Interfacemax, and Juno Capital are also present. This body of advisors should help the team to raise a crucial amount of funds and also to make key connections in the blockchain business world.
The project has decided on an emission model for their ENQ Token which sees only 13.8% being made available during the Token Sale while 70% is being reserved for miners. As a result, potential token sale and network participants need to familiarize themselves with the project’s three stage process whereby 30% of the total emission of ENQ will be pre-mined by the Enecuum development team with a further 30% of the total ENQ emission being made available for minors over a five-year period. The final 40% will then be made available to miners and will not be subject to any timing cap.
As a result, the project’s hard cap of just under $24 million for slightly below 600 million tokens, and fully diluted valuation of at least $172,972,800 mean that this project may best be suited to individuals interested in participating in mining the vast majority of ENQ tokens. The high cap and lack of a solid business development program make this a project for more speculative investors, while the mobile mining opportunities may suit more conservative members of the community.
This project took a long time to verify as the key info is spread across different publications. The hard cap is way too high and I don’t expect the platform to gain any traction for a while. However, the funds and high profile advisors could pull out some tricks. Finally, as 70% of tokens will be made available for mining, the team can dominate the PoS process and mobile mining is still to be confirmed as a viable option.
▶️ Read the full review at the following link: https://bit.ly/2Q1d22s
This project took a long time to verify as the key info is spread across different publications. The hard cap is way too high and I don’t expect the platform to gain any traction for a while. However, the funds and high profile advisors could pull out some tricks. Finally, as 70% of tokens will be made available for mining, the team can dominate the PoS process and mobile mining is still to be confirmed as a viable option.
▶️ Read the full review at the following link: https://bit.ly/2Q1d22s
CryptoCalibur
Review of Enecuum: Blockchain of tomorrow? | CryptoCalibur
"Quality unchained" | Enecuum is a next generation high throughput blockchain platform that aims to facilitate a number of secure and highly scalable...
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👥 53 - gross votes
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📈 Elixxir In-Depth Review & Rating is online!
Elixxir is a scalable, high-performing messaging and payment platform that aims to preserve its users’ rights to digital sovereignty. The blockchain platform allows users to communicate and exchange value securely and confidentially as Elixxir’s unique design and use of accelerated mix networks produces a decentralized system capable of processing transactions on a mega tps (transactions per second) scale that exceeds the kilo tps scaling capabilities of current mainstream payment systems. Elixxir provides users with speed, scalability, transactional privacy, and communication privacy.
The Elixxir platform utilizes accelerated mix networks to ensure confidentiality, and the cMix Protocol works to dissociate the origin, contents, and destination of any message or payment transaction. In addition, Elixxir makes use of precomputations and secret based payment structures which revolve around handling static tokens and Hash Based Ownership to enable highly scalable private transactions. Elixxir is tasked with replacing current centralized systems, and the protocol design results in a high performance blockchain platform that enables users to control their privacy by revealing the minimum amount of information necessary to conduct transactions. Users generate and control their own keys, and retain exclusive access to their digital property, and manage the linking of any personal credentials to their transaction or messaging data.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 55%
Business Model | 55%
Company & Team | 83%
Final Rating | 76%
Elixxir is a project that has just emerged from stealth mode so as a result it’s not possible to make a full evaluation. Key information regarding the release of the whitepaper, token utility, tokenomics, governance, hard cap, and the launch of the MainNet have not yet been released. It is therefore still early days and we will have to wait for additional information to be made available in order to complete the review.
Having said that, the communications sector is a difficult market to tackle, as success hinges on gaining wider adoption and achieving significant business development. Currently, Status can rely on widespread support from the Ethereum community, and projects such as Trust Wallet, IM Token, or Bread Wallet could also add a messenger to their services in the future. More direct blockchain competitors such as Horizen, Mainframe, and Skrumble Network could also steal a march if the Elixxir team conduct a drawn out tokensale. In addition, Facebook and Telegram can simply integrate a payments system into their messenger services, while more specialized privacy oriented services such as Signal, Wire, and Keybase may also prove difficult to surpass. The lack of traction gained by FortKnoxter highlights the potential difficulties. However, Dr. David Chaum is extremely well respected and has a significant amount of experience in dealing with digital currencies and private networks, and the seed round participation of from H&D Company Pte Ltd and Ripple co-founder, Chris Larsen may be just a taste of things to come.
As a result, we will have to wait for further release of the outstanding information regarding the project before we aim to fully evaluate Elixxir’s potential impact on the space. As of now, Elixxir is looking like one of the more serious projects currently looking for funding, and their technical architecture stands out in several ways.
▶️ Read the full review at the following link: https://bit.ly/2E1VEFe
Elixxir is a scalable, high-performing messaging and payment platform that aims to preserve its users’ rights to digital sovereignty. The blockchain platform allows users to communicate and exchange value securely and confidentially as Elixxir’s unique design and use of accelerated mix networks produces a decentralized system capable of processing transactions on a mega tps (transactions per second) scale that exceeds the kilo tps scaling capabilities of current mainstream payment systems. Elixxir provides users with speed, scalability, transactional privacy, and communication privacy.
The Elixxir platform utilizes accelerated mix networks to ensure confidentiality, and the cMix Protocol works to dissociate the origin, contents, and destination of any message or payment transaction. In addition, Elixxir makes use of precomputations and secret based payment structures which revolve around handling static tokens and Hash Based Ownership to enable highly scalable private transactions. Elixxir is tasked with replacing current centralized systems, and the protocol design results in a high performance blockchain platform that enables users to control their privacy by revealing the minimum amount of information necessary to conduct transactions. Users generate and control their own keys, and retain exclusive access to their digital property, and manage the linking of any personal credentials to their transaction or messaging data.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 55%
Business Model | 55%
Company & Team | 83%
Final Rating | 76%
Elixxir is a project that has just emerged from stealth mode so as a result it’s not possible to make a full evaluation. Key information regarding the release of the whitepaper, token utility, tokenomics, governance, hard cap, and the launch of the MainNet have not yet been released. It is therefore still early days and we will have to wait for additional information to be made available in order to complete the review.
Having said that, the communications sector is a difficult market to tackle, as success hinges on gaining wider adoption and achieving significant business development. Currently, Status can rely on widespread support from the Ethereum community, and projects such as Trust Wallet, IM Token, or Bread Wallet could also add a messenger to their services in the future. More direct blockchain competitors such as Horizen, Mainframe, and Skrumble Network could also steal a march if the Elixxir team conduct a drawn out tokensale. In addition, Facebook and Telegram can simply integrate a payments system into their messenger services, while more specialized privacy oriented services such as Signal, Wire, and Keybase may also prove difficult to surpass. The lack of traction gained by FortKnoxter highlights the potential difficulties. However, Dr. David Chaum is extremely well respected and has a significant amount of experience in dealing with digital currencies and private networks, and the seed round participation of from H&D Company Pte Ltd and Ripple co-founder, Chris Larsen may be just a taste of things to come.
As a result, we will have to wait for further release of the outstanding information regarding the project before we aim to fully evaluate Elixxir’s potential impact on the space. As of now, Elixxir is looking like one of the more serious projects currently looking for funding, and their technical architecture stands out in several ways.
▶️ Read the full review at the following link: https://bit.ly/2E1VEFe
📈 Resistance In-Depth Review & Rating is online!
Resistance is the first privacy-focused DEX and blockchain powered by democratically accessible mining. It is a project that aims to tackle problems of traditional decentralized exchanges such as slowness, moderate security, and inadequate privacy.
In order to so, Resistance will offer the following features. Firstly, the Resistance DEX shall utilize atomic swaps to enable fast, direct, private trades without the need for a third party. Secondly, the Resistance CPU-optimized miner shall allow anyone with a laptop or desktop computer to mine on the Resistance blockchain. Thirdly, the Resistance privacy-oriented blockchain shall make private trades possible by using Resistance coins as an intermediary and validating transactions through zero-knowledge proofs.
Resistance coins (RES) are created when blocks are mined through Proof of Work and can be used in order to trade against other currencies with privacy features, claims the project. The whitepaper mentions additionally that about 95% of existing cryptocurrencies will be tradable later on; Resistance has the technology to support up to 95% of currencies. Moreover, Resistance is supposed to support higher security standards and claims to be in possession of a wallet that is secured with AES-256 which is one of the most secure encryption algorithms available today. On top of that, Resistance will not require a minimal KYC verification process which can be seen as being annoying and surely a barrier of entry for less tech-savvy people.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 95%
Documentation | 75%
Development Roadmap | 80%
Business Model | 65%
Company & Team | 80%
Token Sale | 70%
Final Rating | 79%
Resistance is an interesting project whose unique selling proposition is to offer an integrated privacy feature on a decentralized exchange. The development of it is currently in the alpha test net stage, while the beta is planned for the end of 2018. The demand of a reliable DEX is without a doubt still present in the cryptocurrency space. It will be tricky for DEXs to become sector-leaders if a large and established current centralized exchange will diversify into decentralized exchanges. For example, Binance has plans to release a DEX in 2019, and will most likely gain the most traction. If Resistance wants to become one of the leaders in the space, they will need to implement tremendous marketing efforts and offer a truly outstanding product. Because the project is open sourced, we do believe that the cryptocurrency community will support it, due to it truly being a decentralized project.
Resistance is all about privacy and preserving anonimity. Features like hidden order books for cross-blockchain trades are extremely unique in the space, and the technology will be in place to position Resistance can become the go-to platform for safely trading digital assets in an anonymous way. If executed correctly, Resistance can be a decentralized and automated direct competitor for OTC desks, which is the main unique appeal it has.
Resistance is the first privacy-focused DEX and blockchain powered by democratically accessible mining. It is a project that aims to tackle problems of traditional decentralized exchanges such as slowness, moderate security, and inadequate privacy.
In order to so, Resistance will offer the following features. Firstly, the Resistance DEX shall utilize atomic swaps to enable fast, direct, private trades without the need for a third party. Secondly, the Resistance CPU-optimized miner shall allow anyone with a laptop or desktop computer to mine on the Resistance blockchain. Thirdly, the Resistance privacy-oriented blockchain shall make private trades possible by using Resistance coins as an intermediary and validating transactions through zero-knowledge proofs.
Resistance coins (RES) are created when blocks are mined through Proof of Work and can be used in order to trade against other currencies with privacy features, claims the project. The whitepaper mentions additionally that about 95% of existing cryptocurrencies will be tradable later on; Resistance has the technology to support up to 95% of currencies. Moreover, Resistance is supposed to support higher security standards and claims to be in possession of a wallet that is secured with AES-256 which is one of the most secure encryption algorithms available today. On top of that, Resistance will not require a minimal KYC verification process which can be seen as being annoying and surely a barrier of entry for less tech-savvy people.
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 95%
Documentation | 75%
Development Roadmap | 80%
Business Model | 65%
Company & Team | 80%
Token Sale | 70%
Final Rating | 79%
Resistance is an interesting project whose unique selling proposition is to offer an integrated privacy feature on a decentralized exchange. The development of it is currently in the alpha test net stage, while the beta is planned for the end of 2018. The demand of a reliable DEX is without a doubt still present in the cryptocurrency space. It will be tricky for DEXs to become sector-leaders if a large and established current centralized exchange will diversify into decentralized exchanges. For example, Binance has plans to release a DEX in 2019, and will most likely gain the most traction. If Resistance wants to become one of the leaders in the space, they will need to implement tremendous marketing efforts and offer a truly outstanding product. Because the project is open sourced, we do believe that the cryptocurrency community will support it, due to it truly being a decentralized project.
Resistance is all about privacy and preserving anonimity. Features like hidden order books for cross-blockchain trades are extremely unique in the space, and the technology will be in place to position Resistance can become the go-to platform for safely trading digital assets in an anonymous way. If executed correctly, Resistance can be a decentralized and automated direct competitor for OTC desks, which is the main unique appeal it has.
The native RES coin has an interesting use-case due to the fact that it is needed in order to make transactions private if desired. Besides that, it will be a privacy coin which will be used as a means of payment and will also be used for staking. We are also aware that the business model of an exchange is pretty straight forward in most cases, however further clarification in this aspect is required we believe. CryptoCalibur believes decentralized exchanges might have the power to substitute centralized ones one day. Therefore, we agree with Resistance’s positioning in the market and the general product idea.
Regarding the team, it is solid and various employees are in possession of extensive career histories at valuable companies. What is questionable here is the fact that under the aspect of desk research, it looks as if some team members are undertaking multiple professional activities while simultaneously trying to bring the Resistance project to the masses. Further investigation here is needed in order to confirm this.
To conclude, Resistance proposes an interesting product that is desperately needed within the space. The promising decentralized exchange offering full-privacy can become a substitute for many competitors that are currently on the market, and furthermore can potentially become the standard for OTC deals within the cryptocurrency space. Resistance also has backing by "influencers" within the space such as Ian Balina which will undoubtedly keep bringing hype to the project. This can however be a double-edged sword, as the hype will not be organic and "influencers" are not always transparent about their reasons behind supporting projects.
▶️ Read the full review at the following link: https://bit.ly/2QA4HTB
Regarding the team, it is solid and various employees are in possession of extensive career histories at valuable companies. What is questionable here is the fact that under the aspect of desk research, it looks as if some team members are undertaking multiple professional activities while simultaneously trying to bring the Resistance project to the masses. Further investigation here is needed in order to confirm this.
To conclude, Resistance proposes an interesting product that is desperately needed within the space. The promising decentralized exchange offering full-privacy can become a substitute for many competitors that are currently on the market, and furthermore can potentially become the standard for OTC deals within the cryptocurrency space. Resistance also has backing by "influencers" within the space such as Ian Balina which will undoubtedly keep bringing hype to the project. This can however be a double-edged sword, as the hype will not be organic and "influencers" are not always transparent about their reasons behind supporting projects.
▶️ Read the full review at the following link: https://bit.ly/2QA4HTB
CryptoCalibur
Review of Resistance: DEX & Privacy Coin | CryptoCalibur
Resistance is an interesting project whose unique selling proposition is to offer an integrated privacy feature on a decentralized exchange...
📈 LTO Network In-Depth Review & Rating is online!
Blockchain technology has spearheaded the evolution of many industries in recent years and while this is a natural step towards technological advancement, is has sometime been too aggressive, challenging the very foundation of traditional business. Due to this nature, LTO Network found an opportunity to develop a product that can easily integrate in most of the businesses, without disrupting the industries and scaring off potential investors from the traditional space.
LTO Network launches a Hybrid Blockchain for Decentralized Workflows that creates a GDPR compliant B2B blockchain infrastructure, which enables entities to collaborate on equal footing using trust less, automated processes through Live Contracts.
The main scope of the Live Contracts is to automate the process of how business players interact and exchange information, thus a traditional contract or process is split into parts that are comprehensible by both humans and machines, by employing Finite State Machines. Finite State Machines are models of computation that make it possible to visualise the Live Contracts as workflows.
LTO’s architecture is created to serve the logic behind Live Contracts, thus the node system is designed around four layers:
- UI Layer: This consists of UI applications that interacts with the application layer
- Application Layer: This contains all the services that handle actions triggered by events from the event chain
- Private Chain Layer: This takes care of the decoupling of the node. Through the permissionless private chain every decentralized workflow utilises a different miniature private chain. Events are anchored as Proof of Existence on the bottom permissionless public blockchain layer
- Public Chain Layer: This manages the public chain service, with a permissionless public blockchain based on Bitcoin NG that uses the novel Leased Proof of Importance staking to enable functional anchoring
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 85%
Documentation | 85%
Business Model | 88%
Company & Team | 83%
Token Sale | 84%
Final Rating | 84%
LTO network has a very unique role in the blockchain industry, as there is still a missing spot in the regulatory compliance sector, especially with something as complex as the GDPR standard. Their approach is very disruptive as the demand for regulation on the crypto space grows, but it also manages to keep a low footprint on the traditional sector. This ensures a more inclusive way of introducing traditional players to the blockchain technology.
While their main use case is on the decentralized workflow system (which has many fields of application), their solution with the anchoring of partial data on the public chain has the potential to solve many problems that current networks face with privacy and compliance concerns.
We feel that LTO network has the potential to be a successful B2B platform, as they have experience in automating complex structures and workflows through the LegalThings Company. Considering that their MVP has around 70% of the code in production, we believe the team is competent enough to create a unitary product in the near future. Furthermore, they can take advantage of their established partnerships with international companies and institutions, as many of them are already testing the technology on various domains.
LTO has started off on the right foot, and if they manage to deliver a working product within a reasonable time, they will be able to retain a significant market share and quickly gain even more followers.
▶️ Read the full review at the following link: https://bit.ly/2UydjZS
Blockchain technology has spearheaded the evolution of many industries in recent years and while this is a natural step towards technological advancement, is has sometime been too aggressive, challenging the very foundation of traditional business. Due to this nature, LTO Network found an opportunity to develop a product that can easily integrate in most of the businesses, without disrupting the industries and scaring off potential investors from the traditional space.
LTO Network launches a Hybrid Blockchain for Decentralized Workflows that creates a GDPR compliant B2B blockchain infrastructure, which enables entities to collaborate on equal footing using trust less, automated processes through Live Contracts.
The main scope of the Live Contracts is to automate the process of how business players interact and exchange information, thus a traditional contract or process is split into parts that are comprehensible by both humans and machines, by employing Finite State Machines. Finite State Machines are models of computation that make it possible to visualise the Live Contracts as workflows.
LTO’s architecture is created to serve the logic behind Live Contracts, thus the node system is designed around four layers:
- UI Layer: This consists of UI applications that interacts with the application layer
- Application Layer: This contains all the services that handle actions triggered by events from the event chain
- Private Chain Layer: This takes care of the decoupling of the node. Through the permissionless private chain every decentralized workflow utilises a different miniature private chain. Events are anchored as Proof of Existence on the bottom permissionless public blockchain layer
- Public Chain Layer: This manages the public chain service, with a permissionless public blockchain based on Bitcoin NG that uses the novel Leased Proof of Importance staking to enable functional anchoring
✅ Review Rating ✅
Product | 80%
Use of Blockchain | 85%
Documentation | 85%
Business Model | 88%
Company & Team | 83%
Token Sale | 84%
Final Rating | 84%
LTO network has a very unique role in the blockchain industry, as there is still a missing spot in the regulatory compliance sector, especially with something as complex as the GDPR standard. Their approach is very disruptive as the demand for regulation on the crypto space grows, but it also manages to keep a low footprint on the traditional sector. This ensures a more inclusive way of introducing traditional players to the blockchain technology.
While their main use case is on the decentralized workflow system (which has many fields of application), their solution with the anchoring of partial data on the public chain has the potential to solve many problems that current networks face with privacy and compliance concerns.
We feel that LTO network has the potential to be a successful B2B platform, as they have experience in automating complex structures and workflows through the LegalThings Company. Considering that their MVP has around 70% of the code in production, we believe the team is competent enough to create a unitary product in the near future. Furthermore, they can take advantage of their established partnerships with international companies and institutions, as many of them are already testing the technology on various domains.
LTO has started off on the right foot, and if they manage to deliver a working product within a reasonable time, they will be able to retain a significant market share and quickly gain even more followers.
▶️ Read the full review at the following link: https://bit.ly/2UydjZS
📈 Red Belly Blockchain In-Depth Review & Rating is online!
The Red Belly Blockchain is a Distributed Ledger Technology (DLT) that has been developed by the University of Sydney and Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) federal science agency. Red Belly prides itself on being a secure, high throughput blockchain that can process hundreds of thousands of transactions per second (tps) while retaining a high level of security due to its unforkable nature.
The team behind the project has developed a deterministic byzantine consensus algorithm, and this unique mechanism solves the double spend problem and works to allow the network to complete transactions after receiving a threshold of messages without having to wait for confirmations from slower, low performance nodes. They also propose the ComChain community blockchain model that builds on the Red Belly Blockchain and bridges the gap between public and consortium/private blockchains. ComChain does not require synchrony regarding transaction validation and allows the network to efficiently process a high number of transactions.
Red Belly aims to provide:
- Fast Settlements
- High Scalability
- Low Storage Requirements
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 70%
Business Model | 75%
Company & Team | 85%
Final Rating | 83%
Red Belly is difficult project to rate as it is still in stealth mode and key aspects of the project are still to be confirmed. Clearly, the hard cap, token metrics, and the development roadmap need to be disclosed in addition to a detailed explanation of the network’s token utility before we can try to fully evaluate the project.
Despite this, there are some obvious strong points that highlight that Red Belly may be something special, such as the team having strong academic and business backgrounds that give the project a significant amount of credibility and hint that they may overcome the serious obstacle of ensuring platform adoption.
Data61 has entered into a partnership with law firm Herbert Smith Freehills and IBM to build the Australian National Blockchain (ANB) project, and has also partnered with the Commonwealth Bank of Australia to pilot a blockchain-based smart money app. This highlights that the team are able to achieve significant results in the world of business and commerce, and are able to successfully leverage their extensive network and contacts from the University of Sydney and CSIRO.
The project appears to be well positioned to establish itself in Australia however, the ANB project does throw up some issues as the service will be built on the IBM Blockchain and the previous test results announced by the team were obtained while using Amazon’s Web Services (AWS) global cloud infrastructure. As a result, many of the claims made by the team are still to be verified and public versions of their blockchain need to be evaluated by the general body of blockchain developers and programmers. In addition, we still need to see just what their blockchain can do “out in the wild” under more natural conditions.
As a secure, high throughput, unforkable blockchain, Red Belly faces competition from established projects such as Ethereum and Stellar as well as from a large body of newer projects such as EOS and Hedera Hashgraph. In order to finally rate the project, we will need to see the overall metrics as well as delve deeper into the technical aspects of the project. For now, Red Belly remains one to keep an eye on and definitely has the potential to become an outstanding project.
▶️ Read the full review at the following link: https://bit.ly/2QBjNc7
The Red Belly Blockchain is a Distributed Ledger Technology (DLT) that has been developed by the University of Sydney and Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) federal science agency. Red Belly prides itself on being a secure, high throughput blockchain that can process hundreds of thousands of transactions per second (tps) while retaining a high level of security due to its unforkable nature.
The team behind the project has developed a deterministic byzantine consensus algorithm, and this unique mechanism solves the double spend problem and works to allow the network to complete transactions after receiving a threshold of messages without having to wait for confirmations from slower, low performance nodes. They also propose the ComChain community blockchain model that builds on the Red Belly Blockchain and bridges the gap between public and consortium/private blockchains. ComChain does not require synchrony regarding transaction validation and allows the network to efficiently process a high number of transactions.
Red Belly aims to provide:
- Fast Settlements
- High Scalability
- Low Storage Requirements
✅ Review Rating ✅
Product | 85%
Use of Blockchain | 100%
Documentation | 70%
Business Model | 75%
Company & Team | 85%
Final Rating | 83%
Red Belly is difficult project to rate as it is still in stealth mode and key aspects of the project are still to be confirmed. Clearly, the hard cap, token metrics, and the development roadmap need to be disclosed in addition to a detailed explanation of the network’s token utility before we can try to fully evaluate the project.
Despite this, there are some obvious strong points that highlight that Red Belly may be something special, such as the team having strong academic and business backgrounds that give the project a significant amount of credibility and hint that they may overcome the serious obstacle of ensuring platform adoption.
Data61 has entered into a partnership with law firm Herbert Smith Freehills and IBM to build the Australian National Blockchain (ANB) project, and has also partnered with the Commonwealth Bank of Australia to pilot a blockchain-based smart money app. This highlights that the team are able to achieve significant results in the world of business and commerce, and are able to successfully leverage their extensive network and contacts from the University of Sydney and CSIRO.
The project appears to be well positioned to establish itself in Australia however, the ANB project does throw up some issues as the service will be built on the IBM Blockchain and the previous test results announced by the team were obtained while using Amazon’s Web Services (AWS) global cloud infrastructure. As a result, many of the claims made by the team are still to be verified and public versions of their blockchain need to be evaluated by the general body of blockchain developers and programmers. In addition, we still need to see just what their blockchain can do “out in the wild” under more natural conditions.
As a secure, high throughput, unforkable blockchain, Red Belly faces competition from established projects such as Ethereum and Stellar as well as from a large body of newer projects such as EOS and Hedera Hashgraph. In order to finally rate the project, we will need to see the overall metrics as well as delve deeper into the technical aspects of the project. For now, Red Belly remains one to keep an eye on and definitely has the potential to become an outstanding project.
▶️ Read the full review at the following link: https://bit.ly/2QBjNc7
May your Christmas sparkle with moments of love, laughter and goodwill. And may the year ahead be full of contentment and joy. Have a Merry Christmas and we look forward to seeing you in 2019. 🌲🎆
Happy New Year! May 2019 be an amazing year for you. Hopefully in 2019 we will see prosperity and progress both in life, and in the crypto space 🎆🥂