Pros
The Waves Coins have a high network speed that allows hundreds of transactions per second. The commission, however, is very small making the transfer of cryptocurrency convenient between the network members.
The balance every individual has is stored on the blockchain that only that particular individual can access. Everyone has to manage their own crypto assets.
This platform allows its users to create custom tokens and name them. The choice of crypto coins you want to issue and the decimal fractions you want to keep is also yours. As a matter of fact, this works significantly well for crowdfunding.
The Waves platform stores the transactions that are made between cryptocurrency to fiat or fiat to cryptocurrency. This allows the mixing of the best of both the centralized and decentralized systems.
Cons
The smart contract of Waves Coin is not as complex as the Ethereum due to which there may arise issues related to the transaction.
You’ll need KYC/AML if you want to withdraw or deposit fiat currencies. But you don’t need it for cryptocurrencies.