PICOLO ICO Review

PICOLO

Picolo is a fast & scalable database network.

PICOLO Score



Picolo is a fast, scalable, fully decentralised, globally distributed transactional database network for blockchain based applications. It is a p2p network with an open participation model where any node can freely join and leave at will. Nodes discover each other in a decentralised manner via DHTs where each node maintains just enough routing information that will enable it to discover the topology of the whole network.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

  • Right now it’s too early days for Picolo without a functioning website.
  • Whitepaper is technical and shows good user case.

red flags

  • Still early days with no real website available, just the Whitepaper. (time of writing – 17/07/18)
  •  No Team or Adviser information

PICOLO
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Unknown

Unknown – Still very early days for Picolo, no Advisor information available.

TEAM SCORE

Unknown

Unknown – Still very early days for Picolo, no Team information available.

HYPE SCORE

Unknown

Low – Still very early days for Picolo, no hype what so ever as of yet.

TOKEN SCORE

Unknown

Unknown – Token metrics are still unknown at the time of writing – 17/07/18

PARTNERSHIP

Investor

CONCLUSION

There are four types of participants in the network: storage providers, storage consumers, data providers & data consumers. Storage providers join the network to offer their spare computing resources like disk space, CPU & memory in exchange for cryptographic tokens. Consumers can pay providers with these tokens (among other ways) and use the resources provided to satisfy their needs. Since the network is open for anyone to participate, consumers need some safety guarantees before they can reliably store their data on untrusted nodes. So providers are required to put up security deposits and the network is designed to be tolerant to their byzantine behavior, to punish malicious nodes by slashing their deposits and to reward honest nodes for diagnosing and reporting byzantine behavior. A mechanism called Proof-of-Query is used for the diagnosis and deposit slashing is enforced by a smart contract system. Still early days, look forward to seeing their progress in the coming months.

1

ADVISOR

0

TEAM

1.4

HYPE

3

TOKEN

security

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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