Review on Waves by francis fernandez

Name: Waves
Item: Waves
Rating: 4

September 21, 2020

Waves: a digital tool for decentralized application developers!

 Waves is an open source blockchain platform that brings together the digital instruments necessary to develop decentralized applications under one platform. 
Among the utilities provided by the Wawes platform we find the following:
 * Serves as a tool for the user to create open protocol computing solutions; allowing you to develop custom tokens that can be used to generate currency within the application and to participate in ICOs and loyalty programs. 
*As we have seen, this platform offers the possibility of developing both other tokens and other complementary operations on its main blockchain. 
*The Waves platform offers simple software for those pioneering developers in blockchain technology; providing you with an open field to implement your projects. 
*Another of the benefits that Waves offers is the use of smart contracts. From these, changes can be made in the movements of assets and accounts. The use of smart contracts also facilitates the development of decentralized computing solutions (DApps).
 Regarding security; Waves uses the Ride protocol in its smart contracts to provide security for its assets and make the operation of DApps more predictable. The Ride protocol consists of a battery of technology created to avoid serious errors in computer programming. 
In addition, its POW (proof of stake) consensus protocol that has more than 300 nodes worldwide. Waves also offers an important advance in terms of a high level of connection with other blockchains; as his vision focuses on the independence between the tokens of each participating blockchain. 
In terms of rewards, Waves allows its full node holders to earn 7% annual interest with low hardware requirements. 
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Pros

Allows any user to develop their own applications.
 It is possible to exchange token created by the user in the Waves exchange.
Waves funds are kept in your own wallet; which guarantees a lower risk of fraud in collateral wallets.
It offers multiple services to its users, such as: sending and receiving funds, exchanges of digital currencies, leasing of tokens to mining groups and betting on funds in a wide range of cryptocurrencies.

Cons