Session (and also Loki and Lokinet) always has been a weak project. It’s just a bunch of forks. Its incentive scheme for nodes is unsound, coin distribution is disastrously bad, and the whole project lacks of transparency but focuses more on marketing. But the most important thing: they have been stagnated for years with literally zero improvements of the fundamentals. And the latest changes with a new token is degradation.
From their blog:
Notably, Session Token is also not a privacy coin — but that doesn’t mean that Session is less private.
Oh, it does! And also shows that the team is incompetent, because private transactions is not magic anymore. Every time when I see projects which try to use crypto/tokens but avoid understand the tech such projects are worthless. Session tries to mix a private messenger with a blockchain and cryptocurrency and it is actually sucks in both areas.
Session (and also Loki and Lokinet) always has been a weak project. It’s just a bunch of forks. Its incentive scheme for nodes is unsound, coin distribution is disastrously bad, and the whole project lacks of transparency but focuses more on marketing. But the most important thing: they have been stagnated for years with literally zero improvements of the fundamentals. And the latest changes with a new token is degradation.
From their blog:
Oh, it does! And also shows that the team is incompetent, because private transactions is not magic anymore. Every time when I see projects which try to use crypto/tokens but avoid understand the tech such projects are worthless. Session tries to mix a private messenger with a blockchain and cryptocurrency and it is actually sucks in both areas.