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Vietnam
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416.5 Karma

Review on Waves by Danh Huỳnh Ngọc Công

Revainrating 4 out of 5

Wave wallet - Secure wallet on the blockchain

Wave wallet is a secured wallet thanks to healthy Wave blockchain. It is very useful to send and receive cryptocurrencies as well as exchange them on the internal DEX. Everything is good but sometimes it is laggy and must be restarted to run normally again. However, Wave exchange is one of the safest wallet we can find on the store right now



Pros
  • - Wave wallet allow users to switch among many different wallets to serve many different parts of the blockchain community
  • - It educates users to about the seed phrases, the danger of phishing scams, and how the users can protect themselves
  • - Account creation process must get through many stages including seed phrases saving and PIN setting.
  • - The design is simple but not simple. It is almost a masterpiece for making almost blank interface giving very smooth experience
  • - Assets kept on Wave wallet are controlled by the users only and no one can get the access without users' permission
  • - Sending and receiving cryptocurrencies on Wave wallet will be very fast as the TPS of the blockchain is 100 transactions per second. Based on the nature of Wave blockchain, assets in the wallet can be stored and leased to someone who have more than 1000 waves to maintain the network. It is also very fast to track the transaction history on the wallet
  • - Wave wallet support the deposit of fiat currencies including USD, EUR and TRY. On their decentralized exchange, cryptocurrencies can be traded against these fiat currencies
  • - The wallet is integrated with a decentralized exchange and this DEX is very active with many trades (you can trade cryptocurrencies against fiat currencies ON A DEX)
  • - They are a transparent project with open source code shown to the public. This means we all can trust it and develop as well as give suggestions on it
  • - Its native token are among the most popular cryptocurrencies in the world. The underlying technologies, the partnerships, the investments and the sustainable volume are the evidence for the legit nature of this wallet
Cons
  • - It is the first time that I have experience some lags on a mobile wallet. I tried to switch to other functions but Wave wallet keeps show me my wallet balance. I had to turn off the app and go back again
  • - The decentralized exchange seems very new and it is struggling with attracting users to it. As far as I know, the DEX, on both PC and mobile, looks very outdated containing many trading pairs of the coins that maybe considered "shitcoin"
  • - Waves have to compete indirectly with the popular wallets such as Trust wallet, Coinomi, Infinito wallet, and Bread wallet,etc.
  • - If the future developments includes adding more blockchains to it, it would be awesome. This will bring about mass adoption

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