Review on Balancer by francis fernandez
Balancer: creating decentralized markets and exchanges
Due to their centralized operation, conventional asset markets present many drawbacks that influence delays and obstacles to create the ideal conditions for the commercialization of assets. For that reason; more and more followers are joining the use of digital markets as an efficient instrument for the crypto industry.
Balancer appears on the market as a reliable and efficient alternative to promote decentralized exchanges and contribute to the creation of crypto markets through the use of blockchain technology.
Token:
Balancer owns his own cryptocurrency known as BAL. This is a type of ERC-20 token because it operates on the Ethereum network.
Technology:
Thanks to the use of the robust Ethereum technology; Balancer has the ability to develop automated markets using liquidity instruments and creating the necessary conditions to manage decentralized ERC-20 token exchanges.
Due to its technological structure; Balancer has climbed important positions in the crypto industry for being a cross-functional platform by offering diverse and efficient decentralized and reliable financial services.
Functioning:
Balancer uses the money raised from liquidity instruments to develop cryptocurrency exchanges that contribute to the supply of profits to mining pools. Said earnings are subsequently paid back to its members.
Another important characteristic of this platform is that its administration or government is in charge of its community; who make decisions about the growth of the network.
Pros
- Has an easy-to-access interface
- Allows efficient exchanges between ERC-20 tokens
- Contributes to generating exchanges without intermediaries
Cons
- It has no disadvantages
