Review on xDai by Bünyamin Sevinç
xDai
In my post today, I will talk about another project, xDai. First of all, I can say that "xDai" refers to both a blockchain and a token. Blockchain developed over time through the partnership of POA Network and MakerDAO. It is also a Proof-of-Stake blockchain secured with STAKE token with full EVM support. Let's take a look;
First of all, I can say that transactions on xDai are 100 times cheaper and 10 times faster than Ethereum.
But I must say there is a security concern for xDai. It is the security of the Ethereum-xDAI token bridge. In case of danger, bridged assets are stolen. With a 3/4 multisig contract, all the administrative privileges on the bridge may be sufficient. However, I believe more scalable security implementations are required.
Anyone can build the token bridge between xDAI and Ethereum. So it is without permission.
Finally, I think xDAI deserves more praise for its Scalability and unparalleled ease of development and user migration.
I think xDAI has the potential to be the dark horse of the Ethereum side chain competition, and has the potential to beat many VC chains, which I just thought of as a funny sadness.
I think the developer community still has a lot of room to participate in ecosystem value creation, especially compared to some of the more valuable VC chains.
Thank you to everyone who reads and those who do not.
Pros
- EVM compatible
- Minimal smart contract redistribution effort
- Native MetaMask integration
- 100 times cheaper and 10 times faster than Ethereum
- Token Bridge UI enabling Ethereum interoperability
- Token Bridge security is a concern, but it is being worked on
Cons
- Not for now
New products
Comments (1)
December 02, 2020
I had concerns with the token bridge. However, I think we should keep our peace of mind. Because there are still many studies on it. I read your opinion with pleasure. Thank you buddy.
