Review on Strong by Pedro O. Alvino M.
Project based on a network of online nodes.
Constituted as a project based on a network of nodes that are compatible with the Ethereum network, it is made up of a community that comprises a decentralized governance responsible for the actions and development of the project in the long term.
By not having a network of miners, it goes to the execution of nodes that can be more flexible in terms of resources, where it facilitates the processing to establish a node in a very simple way, in which the project already has a large number of online nodes that are incentivized through the STRONG token.
With various strategies and protocols that can improve the economy of the token and the structure of the project, so that the project develops new functions based on STRONG, since it is still largely under development, since they plan that the protocol node Strong is compatible with the Ethereum 2.0 and bitcoin network.
Being based on Ethereum, the contracts that it composes are developed under Solidity and are audited by Hacken which confirms its security and the trust of the project to the community, however, through the current problem of the Ethereum network and its transaction costs, it is Ideally, the project provides a mechanism that reduces this impact to the user since it can harm the economy of the STRONG token.
Pros
- It has a network with a large number of nodes online.
- Composed of a decentralized governance.
- All your smart contracts are audited by Hacken.
- You have two methods for running nodes, both of which are easy to run.
- It has various protocols and strategies within the DeFi mechanism.
Cons
- The STRONG token is established in the Ethereum network, which may limit its usability due to high transaction costs and more so in token with ERC-20 scheme.
- The token economy has been declining despite the various strategies and burns that have been implemented.
- The project is still under development.
