Review on xDai by Gabriel Medina
Sidechain xDai Stake
xDai (STAKE) is an Ethereum Blockchain sidechain for stable payments with the aim of making transactions faster and cheaper. xDai is used for payments or transactions with totally low commissions, instead STAKE is used for the support of the proof of stake consensus. xDai is the perfect cryptocurrency for daily transactions and payments since the commissions they charge are relatively low, fast payments and stable currency on a par with the US dollar. STAKE is a betting token that will not be required for transactions, but consensus providers. STAKE is not a stable currency, but a volatile one that is based on supply and demand.
In general, xDAI (STAKE) is an Ethereum-based sidechain that has a myriad of really beneficial features such as its speed, low commissions, stable cryptocurrency, and another high-value currency. In addition, it allows great usability and new business models, creation, NFT transfers, etc. Without a doubt, it is an interesting tool that we must take into account.
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Pros
- The transactions we make will be fast and with low commissions. It has the stable xDai Token with a 1 to 1 parity with the dollar. STAKE Token, which allows the community to be encouraged for their participation in it.
Cons
- There are no downsides so far.
