Speed and performance is matters on various things. People are getting rid from slower connections because now it is 21st century. They really want speed and accuracy to deal with appropriate things. If you take a look into last few years, you can find very few web explorers in the market. Users are addicted to use Internet Explorer because it is coming as default one. However, after a while we have Waterfox that is coming with new style and brilliant powers to explore the web in efficient way.
Later time when you see rise in competition, you find a lots of internet browsers are ready to serve. Most of them are using open source code of Chromium project including Microsoft Edge. Fortunately, Waterfox is coded with source code of Mozilla Firefox and it is able to install all add-ons of Firefox. However, the interface is really friendly to users with simple and clean graphics as you can see in below screenshot.
Therefore the developer has modified the source code and add lots of changes into it. It has all the features that are offering by others e.g. private browsing, multi tab, fast downloading, customize theme, sync with account, bookmarks and more. In simple words, it is designed to improve overall browsing experience and deliver fast results.
As a conclusion, you can say that it has bunch of benefits to deal with social media, streaming or other sites. Direct searching will save your time by typing words and pressing enter key. You are also welcome to import bookmarks from Opera, Chrome or Internet Explorer. Thus, it can load sites without eating system memory.