Review on Waves by gregori cordova
a project with a lot of acceptance in the business field, for its ease of creating tokens in just seconds
Most of the cryptocurrencies that come onto the market today have the objective of fighting against the hegemony of other currencies or fiat currencies that exist, replacing those traditional currencies to create new economic environments, and eradicate the problems that exist with money such as we know. A very contrary and unique case is that of the waves project, since their objective is not to fight against those already established currencies and they have created a decentralized platform in which anyone can freely exchange traditional currencies and cryptocurrencies at the same time. But Waves is much more than that, since one of its most interesting aspects is that it offers an environment in which custom tokens can be developed in just 1 minute and easily launched Icos in order to provide an efficient service to companies that They seek financing, without having the need to create software from scratch. Waves works under a POS consensus in which, as we already know, users are rewarded, due to the amount of coins they own and their age, and the entire Waves ecosystem is powered by its own cryptocurrency of the same name.
In conclusion, I can say that waves is a multifunctional, highly decentralized platform, in which new tokens can be stored, exchanged and created in a safe and very easy way, and that today many companies are using it due to its great advantages and potentialities To work directly with fiat currencies, creating an increasingly robust ecosystem for the mass adoption of cryptocurrencies.
Pros
- Custom tokens can be created in just seconds, and it only takes at least 1 token waves to do so, giving companies the opportunity to offer their users rewards in those tokens, which can be easily exchanged on the Waves DEX Exchange .
- The cryptocurrency has one of the largest ICO fundraising milestones in history, which speaks highly of the trustworthiness of investors in the project
- Transactions with waves are very fast and with very low commissions of only 0.001 waves
- There is no need for powerful hardware to mine waves, as users are rewarded for their transactions and the amount of coins they have in their wallets.
- The platform offers a free mobile wallet, for both ios and Android, in addition to the one offered for web browsers.
- It offers the alternative of acquiring cryptocurrencies with fiat money through its decentralized exchange platform
- It has a very attractive price and a lot of liquidity
Cons
- It competes in a very congested market and has not yet managed to regain the high capitalization volumes it had in 2017
