Review on Waves by Nuriddin Badiev
Waves uses a modified proof of stake (PoS) method or proof of ownership with…
Waves uses a modified proof of stake (PoS) method or proof of ownership with the additional consensus Account leasing when users can lease their balance to other nodes – LpoS.
Pros
- First of all, it should be said that the holders of the waves cryptocurrency have the opportunity to receive a reward for maintaining the network. Only nodes with the number of tokens from 10 000 participate in mining. It is for this purpose that the platform has the opportunity for each small investor to hand over his coins to another, receiving a percentage of mining On the platform there is a service of output of cryptocurrencies in regular units with a fairly loyal Commission And one of the important advantages that are worth mentioning is the advanced functionality of the platform. For it available plugins, for example, for Google Chrome, which greatly optimize its operation.
Cons
- First, during the platform's operation since its launch in 2016, many users have noted periodic failures, rather comparable to the bugs that are inherent in any services of this kind. However, these small nuances can take away valuable time from users, and can also cause a short-term drop in the value of coins. Secondly, as elsewhere in the world of cryptocurrencies, it is impossible to eliminate the risks of fraud. But Waves uses a KYC system that helps identify each customer.
