Review on Kava by Özgün A
KA-VA
Kava aims to streamline the credit industry.
Kava works with the consensus algorithm.
It is intended to be more transparent and simple.
Users get credit for building a leverage for crypto assets in the system.
It has a local coin called Kava coin. It can be used as a governance coin.
You can earn money by staking through the system.
Network validators are supported to nodes so that when any fake transaction is made in the system, the node repeats the transactions retrospectively and the fake transaction is removed from the node. The system continues with the hierarchical approval of the nodes. Each user is the validator of another user.
Powered by Kava, COSMOS, Okex, Kraken and Ripple. In addition, it is supported by more than 100 companies that have a say in the cryptocurrency world.
You can exchange cryptocurrencies in different blockchains instantly.
You can make uninterrupted exchanges thanks to cross chain payments
The swap app is called "Switch".
Kava is similar to Maker in its properties.
You can find Kava coin at Binance.
Pros
- You are protected from the risk of price fluctuations with the interest system
- You can earn income with leverage trading
- With Switch, you can instantly make exchanges from different chains.
- A reliable project thanks to the validator node system
Cons
- Can it rival MakerDAO?
