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Pillar describes itself as the personal data and asset management platform that allows users to control what, when, and with whom their funds and information are shared. The project's mission is to empower individuals through ownership of their personal data using decentralized technologies.
The Pillar Wallet is intended to be an intuitive and social cryptocurrency management tool. It aims to allow users to build a contact book -- rather than searching for blockchain addresses -- so that sending assets is as easy as sending a message. It stores users' entire transaction history, provides real-time notifications on all activity, offers 24/7 in-app support, and an end-to-end encrypted chat function. The next step is smart contract based, recoverable accounts, integrated with exchanges and token swap platforms. It aims to provide free, instant and private transactions via off-chain payment channels.
As a native token, PLR powers the platform and is used for payments, services, providing access to the Pillar Payment network, and serves as a usage fee benchmark. Pillar users will be able to operate the wallet platform, manage assets and identity, transact with other users, access enhanced functionality, open payment channels, exchange supported synthetic assets, and cover network fees using only the PLR token.
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
The company has an aim to be safer for the users who are operating in a digital world. It’s a large project that could be very important for anyone in the digital currency space. It could also be a completely useless company that does nothing for people.
Looking at it now, it’s an open sourced wallet. It’s a wallet that will likely hold a variety of virtual currencies, and in the future, could become more. It potentially could be the source to find the best apps, tools, browsers and anything related for cryptocurrency users. The wallet is only the start of what Pillar claims to be.
Pillar states they’ll become so large that they’ll completely overtake and replace Android and iOS. And that is one of their red flags, the personal data locker they talk about hasn’t been proven yet. And it’s gone back as far as 2010 in concept.
The only statement they’ve made so far that can be validated is that the blockchain technology is one of the most important advancements that anyone has seen. Other than that, Pillar is going to have to prove themselves as a serious company if they want to make changes in the world of cryptocurrency.
