Review on xDai by Ufuk Yıldırım
xDai will be next payment method in the future
Hi, today I will share my experience using xDai with you.
xDai is my opinion a cryptocurrency transfer system. As a way of working, it works almost exactly the same as ERC-20-based wallet addresses such as Metamask, MyEtherWallet or Trust Wallet. But one of the most important features of xdai is the presence of the Stake feature. I'm very interested in this feature, and I think it increases the confidence of many users in xdai.
with the Xdai Stake feature, it guarantees cryptocurrency transfers made by its users and any 3.user information cannot be stolen by a person.
I actually liked the xdai project and found it useful. Currently, xDai is traded on major cryptocurrency exchanges and I predict it will grow even more.
In addition, processing was opened on major cryptocurrency exchanges such as Xdai Balancer and Bitmex, and many users learned about xdai from these exchanges, which increased xdai's project budget.
I think the best feature of xdai is that the transaction fees are much lower than Ethereum, and also the transaction speed is much faster than the ERC-20-based transaction speeds. I think this feature is the most important feature of xdai.
Finally, I want to say that xdai has many security problems and is a more incomplete project, so I recommend that you be careful that your money can be stolen in ethereum shipping transactions.
Pros
- Very fast processing speed
- Opened for trading on popular cryptocurrency exchanges
- I think it's a very nice feature to have low transaction fees
Cons
- trading with ERC-20-based ethereum is not reliable your information can be stolen at any time
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Comments (1)
January 05, 2021
xDai is one of the top contenders when it comes to Layer 2 on Ethereum, which is a very competitive market right now. The project has good enough features to last, like fast transactions and low fees. Though there isn't much developer activity on the project in my opinion.
