Review on xDai by Amos joseph
xDai
xDai a stable multichain smart contract staking platform, a sub developed ecosystem under Dai blockchain. xDai support low transaction fee with fast and low transaction executed in seconds, users can send and receive xDai token among friends and family with low charges.
The platform mainly focus on staking xDai token which is a stable coin users skating can earn considerable interest when they stake their asset on the blockchain.
Due to high market liquidity and crypto price instability xDai was initiated to control crypto price movement it is equivalent to USD 1xDai = 1usd.
Features
1. Multi chain inter operable staking platform.
2. Allow delegation, validation to provide fast transaction consensus for block users, support fast transaction with low fee.
3. Proof of stake based consensus public blockchain project.
4. An ethereum base smart contract project can work with ethereum base mainnet.
Generally xDai is a smart contract Dapp project for users to stake, and conduct transaction among other users which is compatible with ethereum base chain block.
Pros
- A stable coin for secure transaction with low fee
- Provide staking and delegation.
- Compatibility with ethereum smart contract an ERC20 base token
Cons
- xDai non for now
