Review on Tether by José A Rodríguez
Tether: The Most Stable Coin Running Through the Internet
I think that among all the cryptocurrency projects I previously reviewed, just a little receive the special name of Stable coins. In today's review, I'm highlighting the advantages and benefits of joining Tether and start trading with it to give extra protection to our tokens.
First of all, let's start by mentioning how I see Tether. This blockchain is an advanced but simple design that makes part of the new technology age. It is a feasible project to manage both cryptocurrencies and fiat money as one. This gives special value to our money by protecting them even for falling rates, it means the common volatility of cryptos.
Now, besides all of the previous reasons, why is Tether so useful when converting tokens on it? The following is a list of benefits that support the answers on this question:
₮- Multi-blockchain project. Tether is highly known because it operates supported by the major financial blockchains in the market like bitcoin, Ethereum, EOS, and Tron. This makes it an original project with great receptiveness. Personally, the versatility of this project brings an open-source to secure all tokens running through it.
₮- Mid and High Businesses partner. This blockchain protocol gives support to all operations that include exchanging, storing, payments, general financial services, and minor operations running through ATMs. With this in mind, the project is scalable to guarantee different trading opportunities.
₮- Volatility protector. The platform works with a 1-1 margin that maintains the same price of a stored coin, even though it is falling or rising. I want to offer a practical view of understanding this point by comparing it to Revain Inner Token (RVN) which is just a kind of fictitious token used inside the platform. Tether works almost in the same way, the money is converted to be stored as a stable coin, then users release it to exchange it.
₮- Trusted security. Digital money running through this blockchain is safely saved without losing. The platform runs through a standard security parameter that has been reinforced with a 2-step verification process all users must set up.
Just these four points are important to trust the effectiveness of this project. However, it also has certain features that are more than issues for new users. In my case, I registered the platform to know more about their functionalities and secure my tokens, but the platform is restricted for some countries, including Venezuela. This means operativeness is not the same, and functions are reduced.
Even though I cannot use the blockchain as I'd like to, I follow the project because of its transparency and a growing sense of financial protection in the digital ecosystem. To sum up, Ether is today a great blockchain running through the internet and available for almost all crypto holders around the globe.
Pros
- Low fees for transactions, some of them are free. Besides, the commissions are summed up after a month of total movements.
- Listed to many blockchain companies. A supportive and growing project ideal for offering a wide set of digital services.
- Although it works perfectly for businesses, individuals can also enjoy the advantages of this stable coin.
- Comfortable technology. It runs on an open-source checked by secure parameters.
Cons
- Still new in the market. Although it is not a volatile project, some users still take a try on it and ask for rewards.
- Limited and restricted for certain global localities.
