Review on Kava by Inioluwa Okedeji
Kava: A Decentralized Platform Helping Low Capital Traders
Kava is a decentralized cross-chain project established to help with crypto traders lack of trading capital
The security of of this platform is made possible because of the high numbers of validators it is based on.
This platform aims to help cryptocurrency traders who lack the capital to trade by providing them with funds through loans and opportunities to acquire interests.
Kava project proves it is a diversified one through its support by the ethereum blockchain network thereby making it compatible with ERC -20 based tokens.
Kava project ensures high security of its platform to safekeep users funds and assets and the capital that is meant for users without the means to trade.
The platform's digital currency the KAVA token is a BEP-2 token built on its own blockchain and supported on major cryptocurrency wallets.
I personally see this project making waves in the future because of its goal which is helping low capital traders. This and other features will make this project a success in the coming years.
The platform uses a proof-of-stake stake algorithm as its underlying mechanism.
Pros
- The platform uses a proof-of-stake stake algorithm as its underlying mechanism.
- It provides users with stable coins in other to boost their trading capital
- Helps new traders in creating a solid trading portfolio
- Kava project is developed upon the tendermint consensus
- It is a multiple assets platform.
Cons
- Kava is still a developing project.
