Been using waterfox for years now,as far as I remember,this is the sort of indie version of, " we don't like the corporate feel of mozilla corporation,so we made our own".
Waterfox is like firefox it's simple fast and it works if you want some privacy you need to tweak their privacy options, change your default search engine and use their privacy add-ons on a private window. It isn't on the same level of tor, brave, operagx or epic browser it's more mainstream but it isn't bloated like other browsers like vivaldi, yandex, or ucbrowser with lots of social media links in homepage.
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