Review on Balancer by José A Rodríguez
Creating its Protocols for a Balanced Pool and Exchange
Balancer has been defined as De-fi blockchain protocol that is involved in the stages to provide frequent liquidity to traders in the field. It has been used for the features it keeps, and successful transactions have been registered. Even more interesting, it also brings access to a pool where users can participate for airdrops, swaps, and mine some tokens available in the main platform. This platform uses to follow the steps of Ethereum, not it works free to provide a little bit of decentralization and good volume to several projects, and individuals.
The mining pools created on this platform are smarter than the ones released publicly since they share part of the protocol of the platform. This is a protocol that was created following facts of smart contracts. They come from something previous, but give value to the innovation now active in the platform.
The design of the pool and the exchange window is great. It permits users to be rapidly involved in what is given, and complete their trading with success. I saw something particularly interesting in the graphics; the tokens' admission is relevant. Good cryptocurrencies are being promoted there and receiving more liquidity than the one given in the common exchanges.
I like this company because it works under its own concepts. It founded the new ways of the Automated Market Makers for algorithms working there. Since then, they have developed some formulas to have their protocols active, and permit that developers can really understand how it works.
In conclusion, Balancer is an excellent provider of liquidity, security, and autonomy. Here, pools are not public, but for the drain of the miners. They create and invest in them as much as they want. And after some transactions, substantial incomes are sent to them.
Pros
- As users registered on the page, they can easily promote their own growth by deciding what to mine and how to mine it. They work under certain protocols, but the structure is totally different from the previous in other markets.
- The project was designed with careful steps in the content. So, the information is reliable and possess a remarkable definition to help users understand how it works.
- It permits to mine different altcoins, but the ones really managed on the network are under the ERC-20 label.
- It has a good number of users who have been daily producing on the network. In general, the community is big and efficient.
Cons
- Some users still not trust on the service because of previous failures to money in which it was involved.
