What is the Pillar Project?

The Pillar Project is currently a token, or ICO, but has more ambitious goals than  money grab. With hundreds, if not thousands of ICOs being released, will this one stand the test of time? For beginners, the Pillar Project will start as a cryptocurrency wallet and evolve into an ecosystem based on atomic ownership. Add the integrated exchange service, mobile native design, consumer-facing technology and scalability, and it’s easy to see why the gray paper has gotten so much attention recently.

Advancing Personal Data Ownership

While many cryptocurrency projects are currently focused on creating decentralized applications, Pillar is working to develop a suite of next-generation consumer-facing applications. These applications will utilize blockchain technology to help identify and verify one’s identity to store information.

Although the goal of minimizing data hacks may be true, it is much harder to say the same about their portfolio tools and processes so that businesses can reduce their GDPR compliance efforts and a better browser of the Pillar blockchain. The Pillar Project has developed a rollout timeline until 2030 with various applications launching separately. Here’s a short video demonstrating the importance of the project.

The Pillar Project Aims to Redefine the Role of Blockchain Technology

This new blockchain-based platform aims to build the best cryptography and token portfolio in the world and transform our daily life in the process. It’s ambitious goal may seem difficult to reach, especially to consumers new to the technology. Pillar, as a platform, aims to promote the benefits of using a digital wallet and a token system to create a consolidated and meaningful online experience, free of unnecessary applications and exploitive  information grabbing.

The Pillar Project focuses on three things:

  1. First of all, there is the Pillar portfolio that stores and manages cryptocurrencies, including the native Pillar cryptocurrency. The use and trade of cryptography in multiple accounts involves a certain amount of concentration risk.
  2. As a user, it is safer to consolidate access through a centralized point rather than spending your time accessing it from multiple access points. Thus it reduces hackers abilities.
  3. Project Pillar gives users access to secret passwords for their accounts via “wallets.” Pillar facilitates the use of different digital coins and the Pillar token.

Pillar Project Capitalization

Today, it’s market capitalization is equivalent to $22,253,239 USD, making Pillar (PLR) the 209th largest market capitalization among cryptocurrency based token ICOs according to CoinMarketCap.  So far the 800M tokens have been created, while only 250 million tokens are circulating. The volume of operations in the last 24 hours has increased, which suggests a great interest in the instrument. The price of the pillar is very volatile, and has been decreasing over the past couple weeks, such as the rest of the market.

Centralizing Decentralized Investing and Applications

Instead of moving from one platform to another to process your currency, you can now work from a single centralized dashboard. In the future, this portfolio can also store all your digital assets and even your personal information that can be shared with other people if the user accepts. Put an end to the analysis of the data, because we do not know, it will not be easy, but it is a change that everyone will approve.

Pillar focuses on atomic ownership. It’s a term that most people will not be very familiar with since it’s not something that is talked aloud so often. It all comes down to allowing individual users to control and own their data at any time without having to depend on intermediaries, such as google or facebook. This is where the blockchain works to allow users to maintain control and, at the same time, can share specific information whenever they wish. It is an ideal way of storing personal data and managing rights.

For the Pillar project, ICOs and cryptocurrency-centric investing will play an important role. It is a meta-token that can be used for various services. Micropayments involving cryptography are indeed an opportunity worth exploring more.

Pillar Project Data Locker Protecting Personal Data and Identity

Finally, Pillar wants to provide services to its users without adopting the application model. Nobody wants to imagine that their finances can be threatened, but since most of the funds move to the digital sphere, it is increasingly important to make sure that it is protected.

With personal data boxes like Pillar Project, your cryptocurrency passes through a particular hotspot that is unique to you, and this makes it safer to use since additional security confuses attackers. They made a cool video about this here. This clearly demonstrates the capabilities of the project, but is only a visualization.

The dissemination of personal data will grow to replace Android and iOS as the dominant operating systems of mobile phones. This will allow decentralization of the entire monetary process, allowing users greater final control over their financial crypt. The Pillar Project aims to do this with the Data Locker.

Dash Evolution – A Tough Competitor

Dash is one of the more promising cryptocurrencies. With a unique method of governance, growing adoption, and increasing applications; Dash is more than a traditional cash grab. Unlike the PIllar Project, Dash has been around since 2010. Dash Evolution promises to be a similar ecosystem of cryptocurrency investing and personal verification. Dash has always been transparent in its matters and has not been as affected by the publicity issues that have plagued Bitcoin Cash, Litecoin, etc. It also proposes a decentralized API for simpler application integration.

Simplifying Decentralized Investing and Applications

Instead of moving from one platform to another to process your currency, you can now work from a single centralized dashboard. In the future, this portfolio can also store all your digital assets and even your personal information that can be shared with other people if the user accepts. Put an end to the analysis of the data, because we do not know, it will not be easy, but it is a change that everyone will approve.

Pillar focuses on atomic property. It’s a term that most people will not be very familiar with since it’s not something that is talked aloud so often. It all comes down to allowing individual users to control and own their data at any time without having to depend on intermediaries; this is where the chain of blocks comes on the scene, as it allows users to maintain control and, at the same time, can share specific information whenever they wish. It is an innovative way of personal data processing.

Finally, Pillar wants to provide services to its users without adopting the application model. Nobody wants to imagine that their finances can be threatened, but since most of the funds move to the digital sphere, it is increasingly important to make sure that it is protected.

With personal data boxes like Pillar Project, your cryptocurrency passes through a particular hotspot that is unique to you, and this makes it safer to use since additional security measures prevent simple attacks.

As a side note, we are of the opinion that the dissemination of personal data such as ours will grow to replace Android and iOS as the dominant operating systems of mobile phones. This will allow decentralization of the entire monetary process, allowing users greater final control over their financial crypt.

For the Pillar project, ICOs and cryptocurrency-centric investing will play an important role. It is a meta-token that can be used for various services. Micropayments involving cryptography are indeed an opportunity worth exploring more.

ICO Market and Competitors

Project Pillar has made clear that centralized applications are a trap for personal data and attention. Although the project has a clear narrative and direction, will it hold up over time? Many people know their data is being used to sell them things. The main principle behind Google’s previous motto – “Don’t be Evil” is clear, but ambiguous. Just because they aren’t being evil, doesn’t mean they aren’t doing good.

Anyways, the point is that the Pillar Project definitely serves a role in a society where personal data is collected on unprecedented scales, but does anyone really find something wrong with that? Most of our information is being sold to the highest bidder, but is that wrong?

While many cryptocurrency projects are currently focused on creating decentralized applications, Pillar is working to develop a next-generation consumer-facing application. This could ultimately prove counterintuitive to their purpose.

ICO Market is being Flooded

Project Pillar has made clear that centralized applications are a trap for personal data and attention. Although the project has a clear narrative and direction, will it hold up over time? Many people know their data is being used to sell them things and data mining. The main principle behind Google’s previous motto – “Don’t be Evil” is clear, but ambiguous. Just because they aren’t being evil, doesn’t mean they aren’t doing good.

It is clear that the Pillar Project has a clearly defined direction, but it’s bureaucracy and economic funding seems unclear.

The Pillar Project definitely serves a role in a society where personal data is collected on unprecedented scales. Will the Pillar Project still exist in a couple years, or will it run out of money and pay its founders before collapsing? 

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