Review on Waves by Syed Adnan
It is a decentralized, blockchain based platform.
It's built on the POS model, unlike Bitcoin's POW model. This means that the number of your own tokens reflects your mining power. The coins are fully promoted, so no new mining can take place.
ο»Ώ
It allows for different cryptocurrencies instead of external platforms to own. This allows it to purchase its cryptocurrency on the internal platform and provide a secure gateway to the Fiat currency.
ο»Ώ
Pros
- It allows to create new cryptocurrencies on its platform. It can be used to build many self-confession ecosystems as well as use reward systems.
- This is a fast and secure method for transactions and exchanges. The use of smart contracts, P2P transactions and Dex ensures that all transactions are recorded.
- The use of the gateway for fiat currency ensures that transactions between crypto and fiat currencies are completed safely.
- It has its own wallet that enables users to create existing cryptocurrencies as well as cryptocurrencies.
Cons
- The platform may soon be employed by many corporations and agencies, including trading facilities.
