Advantages and disadvantages of VestChain

VEST cryptocurrency is an internal payment instrument of the large cryptocurrency project VestChain, which acts as an intelligent universal platform for using smart contracts and dApps. The idea of ​​creating this crypto project is based on the concept of forming an ecosystem that can work by analogy with operating systems. Due to this, VestChain is a tree-like cryptosystem consisting of different blockchains that solve individual problems. It helps to significantly speed up the process of achieving certain results. At the same time, coin VEST is the internal cryptocurrency of the VestChain platform. 

Features and characteristics of VestChain

At its core, the VestChain crypto project is a blockchain platform characterized by high performance and efficiency indicators. This project was created specifically to provide the ability to deploy other blockchains on dApps.

Due to the use of a tree-like architecture, the crypto-network of the site received the possibility of parallel processing of financial transactions. At the same time, the DPoS software algorithm guarantees the preservation of high bandwidth for this technology. For this reason, to fully realize the potential laid down in VestChain, it will be necessary to wait for the final transition of the project to its blockchain. The VEST crypto coin acts as a financial reward paid by the crypto network to validators. In addition, it is used as a payment instrument, which allowed it to obtain the status of an infrastructure unit of the VestChain platform ecosystem.

Thanks to the cryptographic component used in this project, users receive convenient and simple tools for creating their smart contracts and forming dApps. Due to scalability, decentralization and transparency of the entire crypto network are achieved.

The closed ecosystem of the WestChain crypto site is formed by StemChain and BranchChains. The StemChain blockchain is a narrowly focused parent platform that is the basis for the operation of BranchChains. To optimize performance, the StemChain blockchain was significantly limited in its functionality.

BranchChains crypto networks operate in parallel, which allows them not to interfere with each other to work normally. The DPoS software algorithm is responsible for reaching consensus within the platform. All this helps the VestChain platform to quickly process millions of transactions with virtually no commission. The authors of the cryptocurrency declare that after the official launch of the full version of their crypto platform, they will start working on improving the quality of services provided to users, which should pay dividends in the future, in the form of expanding the user audience.

As for the possibility of mining the VEST token, VestChain mining will be available to ordinary users only after the start of the full-fledged version of the crypto platform. The same applies to the possibility of mining a coin through cryptocurrency pools to reduce the cost and speed up mining new digital coins.

Advantages of VestChain cryptocurrency

VEST cryptocurrency has several advantages that help this currency stand out from other similar projects.

Experts usually refer to the main positive aspects of the VEST token:

  • use of a full-fledged decentralized structure to ensure the normal operation of all components of the project;
  • implementation of advanced solutions in the field of ensuring the security and anonymity of the identity of users, which guarantees the impossibility of obtaining information about transactions carried out within the crypto network by third parties;
  • conducting a full-scale advertising campaign aimed at expanding the user audience, which should help the project quickly obtain the necessary financial resources to finance the development of new technical solutions and implement improvements in the software structure of the cryptocurrency;
  • support from the largest exchange trading floors, confirming the fact that this crypto asset has the potential for value growth.

The listed advantages inherent in VEST, according to analysts, should help this coin attract the attention of not only ordinary users and ordinary miners but also large investors who are ready to invest in the development of the project.

Disadvantages of VestChain cryptocurrency

Apart from clear advantages, this token also has the following disadvantages:

  • the coin is under pressure from its competitors offering similar opportunities and software tools to market participants, which leads to a slowdown in the growth of the VEST user audience;
  • on thematic web resources devoted to the topic of mining and crypt, there are more and more publications concerning the creators of the WEST token. In these articles, journalists, together with analysts, analyze the management structure of the crypto project and point to some factors indicating the possible collapse of this site due to its fraudulent orientation;
  • constant publications incriminating the authors of WEST in their allegedly fraudulent thoughts prevent the token from developing and lead to a drop in its exchange rate quotes.

As for the purely technical drawbacks of the VestChain token, it has all the same drawbacks as any crypto-coin operating on the Ethereum blockchain and belonging to the ERC-20 standard tokens.