Review on Paxos Standard by José A Rodríguez
Paxos: Receptivity, Speed, and Operativeness for Blockchain with Good Network Integration
Paxos is another good companion for the governmental sections of the financial world. It is a Blockchain with little trading, but it is increasing the value for other tasks to offer good representation to different institutions. The fact is that it really counts with the main initiative and because of it, many exchanges have listed it at the reach of their services. Commonly writing, it is listed on more than 150 services, even the more useful bring support to it.
The good of Paxos is that it also tries to bring support to the most valuable fiat currency, the dollar. It is a company that believes that the integration of crypto in concordance with the value of default money is necessary to provide a better economy, although in the end it will be still decentralized, even if it is stable. This blockchain comes with a line established trough four main sections, it can be used practically for open commerce, and traders will have even options for holding tokens.
The legitimacy of this blockchain has been proved with caution and it is currently available in lots of different trading system. Even the ones I use the most like KuCoin and Binance admitted the open commerce and trading of this token. I just like it because it offers a fast-moving on any of the exchanges. It means that even the flowing of money can be executed rapidly. Moreover, it is a network joined to the Ethereum support. So, the trading mark it can establish can be easily measured by every trader interested in operations with both.
Receptivity, speed, and operativeness are the three main features I encountered in Paxos blockchain. It is a good option to those interested in having access to the free trading of tokens and a partner to represent their dollar funds. However, I'm not partially interested, but I follow the project closely.
Pros
- Good promotions for the liquidity of certain programs. It offers a d operative network with a high rating.
- The PAX token is easy and secure to trade. It is a good partner to represent the value of hybrid money, it means crypto-to-fiat.
- Practical options and benefit to trading and hold cryptocurrencies. It permits free commerce among peer-to-peer functionalities.
- Great representation and availability of this token in many different exchanges of global rating.
Cons
- The project, overall, still seems to be very stocked to governmental policies. Part of its rating has decreased due to the lack of autonomy. It seems to give more value to the movement of the dollar, instead of providing representative value for its own token.
