Review on xDai by José A Rodríguez
XDai: Good Project for Payments, but Little Recognized
XDai is a blockchain too similar to common payment projects. However, it does what it promises to keep its audience interested in the services it offers. It is ideally used for payments, transactions, and common exchanges among companies. It works, of course, through a proof-of-stake label that permits the execution of transactions on it, properly.
This network has two features that permit the chance of choosing it as a payment service. First of all, fees are so short that users can earn even more by sending money on it. Secondly, the value of the token despite being small is good because it remains baked on the value of a dollar, which means it is commonly stable.
The project works a multi-chain where users can also stake to generate some profits. In general, it helps the company, but it also promotes interaction among professional users since it can be rewarding. Nevertheless, although the service might offer lots of reasons to think of it as an ideal platform, it is still little recognized in the market.
The platform needs management because the design is so simple, and the information contained on it is not clearly divided. The users' cases on the platform are low as well. Not having real experience is beneficial. I know other researchers might think of this service as good, and it is, but remember that the chance for spending less on fees is not everything on a blockchain.
Pros
- It has a rapid transaction-limit. They occur so fast without worrying about the common connectivity. It also provides good support to customers when trading on it, and permits them to pay just a little commission.
- The price and value of the token remain stable.
- The token can be also used for other functionalities like staking or even paying gas into the network.
Cons
- It is little recognized. The platform requires a bunch of improvement and development. It does not look organized.
