iCash

ICASH  is a platform that enables users to initiate and settle any smart contracts by staking iCash tokens at odds they deem fit for any verifiable live event. When one user proposes a contract and another user accepts, a smart contract is created through the iCashdApp. This contract is proposed to a delegate from the ICashPoT application network containing the details of the challenge. The delegates will then input the results of the challenge to execute the smart contract and decide the winner of the challenge. iCash, therefore, assure the validity of the smart contract.

PROS

• Platform delegates receive a percentage of the challenge they offered determination for in the smart contract proportional to their Trust Rating.
• Due to its expansive size, it is possible to challenge different live events to offer a broad range of Smart Contract determinations.
• Transactions on the platform are integrated into the Ethereum blockchain via Proof of Work Hybrid or Casper Proof of Stake.
• The ecosystem token’s format is prevalent globally and hence is easily transferable between the most of current cryptocurrency wallets.
• Future transactions on this platform will not be bound to any digital currency. Future transactions will be completed on any blockchain.
• Users are free to buy to tokens using Bitcoin, Ethereum or fiat currencies such as US dollars.
• The Team; the ecosystem has a backing of a large number of highly-qualified, experience and notable individuals.

CONS

• The Team; the ecosystem has a small number of team members. The ratio of men to women is also somewhat low.
• The whitepaper; a huge fraction of the whitepaper, especially at the start is used to explain the benefits of blockchain in general and not the ecosystem.
• The delegates introduce a human factor into the system which can open room for bias and corruption.

SUGGESTIONS

• The number of team members should be increased to more than ten, and the number of ladies increased as well.
• The white paper should spend a huge fraction explaining the iCash platform instead of benefits of the blockchain.
• Artificial intelligence and machine learning should be used alongside human delegates for fairness.

NOTE

ICash is a great idea that will take the benefits of digital currency to the next level. The fact that it oversees and validates smart contracts means it is extending the possibilities of cryptocurrencies. I will invest in this platform.