Review on Waves by Fanuel PORPORTY

Name: Waves
Item: Waves
Rating: 5

February 24, 2020

Waves provides an easy way to create your own token and just take advantage of blockchain functionality. The platform is good for people looking to start a crowdfunding initiative or to create a simple loyalty coin for their business. There is no shortage of use cases, and this is often a good sign for adopting a currency.

Waves is a blockchain platform that you can use to create your own personalized token.  Whether you want to finance a project, set up a loyalty program or create a currency in your application, the Waves platform may interest you.
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 According to its website, you can create your own token in as little as a minute (but you may want to take a little more time and have a good plan for how you will use it before you start).
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 Waves also includes a decentralized platform, DEX, in which you can exchange your new currency in pairs with any other Waves token.
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 To simplify, the new tokens that you create and transfer using the Waves platform are made as attachments on blockchain transactions.  There is an inherent problem with this strategy, however.  Using the typical blockchain protocol, as in Bitcoin, the client network software must be updated with each new type of transaction.  This is more commonly known as a hard fork.
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 To avoid this, Waves implements new types of transactions through plug-ins that complement the basic software.  In this way, customers who do not have the plug-in can still relay the personalized transaction through the network.
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Pros

Waves promises to deliver a clean and friendly user experience. The Chrome app and mobile apps are easy to use and no blockchain download is required.
Waves has a blocking time of one minute (up to 1000 txs per second). And you can also create a token in less than a minute.
Each transaction has a cost of 0.001 WAVES (yes, transaction fees can be paid in tokens).
Waves offers exchanges inside the client. You can trade any pair of Waves tokens. Users benefit from near-real-time order matching and blockchain settlement for security.

Cons