Review on Kyber Network by Özgün A
Star of 2021
Kyber Network is a project that enables instant exchange of crypto money and all digital assets among themselves. It is built on Ethereum ERC-20. Kyber aims to minimize the risk of price fluctuation.
Kyber has very useful smart contracts.
Since token changes occur instantly, cryptocurrency users can benefit from this situation.
For example; You will pay somewhere and you do not want to convert the money to another crypto currency because you find it valuable. That's where Kyber comes in. You make your payment in the crypto currency you want, but without converting. Kyber's algrhythms do the transforming work.
In fact, Kyber Network and 0x (ZRX) have the same working principle. The only difference is that 0x uses direct smart contracts, while Kyber Network does these transactions by building them into the blockchain.
Long story short, Kyber Network allows you to exchange your cryptocurrencies quickly without losing value.
Pros
- Crypto coins instantly exchange without losing value
- You can pay the desired amount without giving up the currency you are using.
- Converts automatically without touching your cryptocurrency
Cons
- Few people use it yet
