The Waves platform belongs to the world leaders in the blockchain industry and is one of the pioneers of Web 3.0. Since its founding in 2016, Waves' mission has been to build a blockchain ecosystem that solves real-world problems in a variety of areas.
The Waves team is developing tools to create a segment of decentralized technology that will become the basis of Web 3.0, the digital landscape of the future. Waves provides everything you need for backend development of Web 3.0 services, including an intuitive and user-friendly UX for end users, including IDE, code plugins, nodes, oracle manager, APIs (DEX, Data Services, Node, Auth, Payment, Waves Keeper), libraries and explorers (testnet, mainnet, PyWaves).
The concept of Web 3.0 assumes privacy of users and control of the Internet community over large organizations. The new stage in the development of the Global Network clearly demonstrates the evolution of technology and the emergence of Web 3.0, opening the door to the era of decentralized systems.
Distributed ledger technologies affect the Internet, and changes in the structure of the World Wide Web require the modernization of existing and the creation of new crypto platforms. One of the pioneers in this area is the Waves project, a cryptocurrency and toolkit for developing applications and decentralized Web 3.0 solutions.
The Waves team also developed RIDE, a special programming language for creating smart contracts and decentralized applications on the platform’s blockchain.
In April 2022, the decentralized exchange DEX was successfully launched - a fast and secure tool for trading popular cryptocurrencies. At the end of 2022, the Waves-NG protocol was activated, providing unprecedented throughput, while validating each transaction in no more than a few seconds. In March 2022, an update to the RIDE programming language for dApps was released, allowing developers to create full-fledged applications for Web 3.0 on the Waves blockchain.
Where is the best place to buy WAVES? TOP 5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds in rubles, hryvnias, dollars and euros .
The reliability of the site is primarily determined by the trading volume and the number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from Visa/MasterCard and payment systems QIWI, Advcash, Payeer .
Especially for beginners, we have prepared a detailed guide: How to buy Bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Grade: |
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | OKEx | https://okex.com | 6.5 |
| 5 | Bybit | https://bybit.com | 6.3 |
The criteria by which the rating is given in our rating of crypto exchanges:
- Reliability of operation
- stable access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the period of operation on the market and daily trading volume. - Commissions – the amount of commission for trading operations within the platform and withdrawal of assets.
- Additional features and services - futures, options, staking, NFT marketplace.
- Reviews and support – we analyze user reviews and the quality of technical support.
- Interface convenience – we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- The final score is the average number of points for all indicators, determines the place in the ranking.
[edit] DEX
On March 29, 2022, Waves took an important step: it opened a decentralized exchange, DEX, which became an alternative to traditional cryptocurrency exchanges. This has become relevant due to the fact that cases of theft of users’ personal funds have become more frequent on traditional exchanges. Theft of funds on decentralized exchanges is impossible.
The ability to use DEX is also included for users of Lite clients, thus eliminating the need to download the entire Waves blockchain to use the exchange.
Waves DEX plans to become a serious competitor to traditional platforms in terms of security and speed. The new Matcher technology involves matching orders in real time, usually within a few milliseconds - there is no need to wait for the next block in order to understand whether the transaction is completed or not.
The increased security of the DEX exchange minimizes the likelihood of collapses, which have already occurred with a number of once popular cryptocurrency exchanges. Due to the absence of unnecessary intermediaries, high security of funds is maintained.
Features and characteristics of the Waves platform
The founders of the Waves cryptocurrency believe that the implementation of blockchain technologies will go faster and cover more areas of human activity, provided that the following problems are solved:
- Blockchain's core objective of enabling the transfer of value through the "tokenization" of digital assets is often overshadowed by other considerations, such as a focus on smart contracts. The Waves platform makes it easy to buy and sell various digital assets on crypto platforms, regardless of which fiat or cryptocurrency is dominant in any part of the world.
- The platform includes the Waves decentralized exchange (DEX), which allows you to exchange digital tokens for Waves coin or any other token created on the platform. DEX supports the exchange of digital currencies for fiat currencies, such as US dollars or euros.
- Blockchain must be scalable and decentralized. To improve network throughput, Waves uses the Waves-NG protocol, which reduces block creation time and the likelihood of unnecessary forks.
- Smart contract mechanisms must be optimized to work with different assets. The Waves platform makes this task easier with a special smart contract language called RIDE, which allows you to create categories such as “ smart assets ” and “ smart accounts ”.
Waves aims to be a one-stop solution for a variety of blockchain use cases. It is based on the “colored coins” method, which involves managing real-world assets through their connection to addresses on the blockchain. Tokens created on the basis of Waves can be linked to fiat currencies and other real assets, such as bonds, intellectual property, shares. Waves' architecture allows third-party developers the flexibility to create and execute new types of transactions in an environment reminiscent of the app stores most users are familiar with.
Creating custom tokens means making settlements easier as tokens are customized to suit the needs of users and investors participating in the ICO. They can be used as a stake in a decentralized voting model or as part of a ranking system. And also when launching a customer loyalty program or discounts with rewards. For example, Burger King customers were able to receive one Whoppercoin token for every ruble spent in restaurants.
At the beginning of 2022, the project team integrated a new version of the Waves 1.3 protocol with an expanded set of tools for working with decentralized applications. The platform launched the Waves Ducks blockchain game, the main characters of which are unique digital pictures of ducks, made in the form of non-fungible tokens. Buy duck eggs, share them with other players, collect and breed ducks to get a unique and very valuable digital item that will bring you significant profit in the future. You can read more about this game on the official website https://waves.tech/.
According to the developers, the Waves blockchain project should work for the benefit of the entire blockchain community, that is, ordinary users who are interested in distributed ledger technology. They laid out their ideas in a short manifesto. Let's list them point by point:
- Waves cryptocurrency is not hype, but a serious digital product with a wide range of practical applications. At this stage of the formation and development of the crypto industry, its main purpose is to process all kinds of crowdfunding projects.
- Waves developers should support other, promising blockchain startups, and not focus all their attention on promoting the internal cryptocurrency.
- Traditional financial structures will continue to perform their functions in the future, but only on condition that they actively implement innovative payment technologies and become more transparent and open.
- Decentralized networks should play a leading role in the global financial system.
- Distributed registries should be widely implemented in all areas of human activity, including government institutions.
Acting as a cryptocurrency crowdfunding platform, Waves allows any verified user to issue their own digital currency, raise funds by selling it to others, and exchange the new asset for Waves tokens. All new tokens made publicly available can be verified using the official blockchain researcher WavesGo . The Neutrino protocol enables stablecoins backed by the ecosystem's underlying cryptocurrency and other synthetic assets.
Coins created on the platform can be exchanged through a decentralized service. Waves Exchange (formerly Waves DEX) is a fast and secure decentralized trading platform for assets running on the Waves blockchain and other supported cryptocurrencies. The Waves token is used to pay for all transactions performed on the platform.
What is Waves cryptocurrency?
Waves can be thought of as a fast, decentralized platform on which each participant can independently create their own digital assets and exchange currencies with other participants based on secure transactions.
Now Waves cryptocurrency is one of those digital assets that is still undervalued by most crypto investors. This project is a more universal and convenient platform than Ethereum. In addition, Waves cryptocurrency can be an excellent investment tool. In 2022 alone, the Waves cryptocurrency was able to grow in price from 0.2 US dollars to its maximum value of 16 US dollars. As a result, every investor who invested their money in the project before the summer of 2022 was able to earn as much as 8000%.
Waves cryptocurrency price growth history
I think these arguments are enough to consider the still little-known Waves project as another tool for forming the right investment portfolio. That is why in today’s article we will make a complete review of the Waves cryptocurrency. From this review you can find out the history of the creation of the project, its current position in the Coinmarketcap rating, the essence of the Waves system, its advantages, and the composition of the development team. Finally, we will discuss the growth prospects for crypto coins over the next few years.
Project concept
Calling Waves just another digital currency would most likely be wrong. The team presents its development as a blockchain system with certain functionality. This is a kind of platform based on blockchain technology, for transactions with user tokens. It supports fundraising, crowdfunding campaigns and the purchase/sale of financial instruments, with all transactions carried out through a distributed database.
When the team was just working on the idea (and the team, as we have already noted, has solid experience in this area), among other issues, the problem of avoiding a number of shortcomings inherent in already existing crowdfunding solutions was resolved. This meant the volatility of tokens and the lack of options when it comes to ways to raise funds. As a result, the new project allows users to attract investment in their developments both in bitcoins and in our usual currencies (dollar and euro), and, of course, in Waves tokens.
The concept of the platform allows users to create tokens and determine their value. This innovation is especially important for the development of ideas based on crowdfunding. In addition, when making payments when the payment is made in one currency, and the recipient’s account is opened in another, thanks to the innovation from Waves, problems with commissions will be significantly simplified.
And another area of the platform that is interesting to many is services for exchanging cryptocurrencies for fiat money with low commissions.
"Light Client" is a plugin for the Chrome browser. The developers promise that you will be able to launch your own project co-financing company directly from your browser, as well as use decentralized markets. Assets created by users will be available for trading on the project’s own exchange.
There is a lot in common with Kickstarter, while a share in the project can be obtained in a digital, crypto-protected form, with the possibility of transferring or selling it to other users. Exchange trading is anonymous (just like on a regular exchange, traders anonymously place orders “in the order book”).
The creators of Waves promise that trading shares and similar financial instruments using the platform will not cause claims from regulatory authorities. Supporting assets linked to fiat currencies is already reminiscent of Ripple. Although it is expected that it will also be linked to assets denominated in cryptocurrency.
Thus, users receive a decentralized platform for:
- Trade in various goods;
- Joint financing of projects;
- Exchange speculation in assets, fiat money and cryptocurrencies.
Messaging between participants and voting will also be decentralized. The implementation of new functions is expected through plugins, which allows you to get away from the practice of creating “hard forks”. User reputation is implemented through a “karma” system, which takes into account user reviews, the number of transactions and other blockchain activity.
Advantages. Difference from Ethereum
Often on forums and reviews, Waves is compared with the Ethereum platform, studying their advantages and disadvantages.
And here the Waves project has several advantages, let's list them all:
- Ease of use. In order for a network participant to create his own token, he does not need to learn a special programming language or anything else. All you need to do is download the official wallet, follow the simple instructions and select the appropriate settings, and then pay a fee in the form of one Waves coin. This algorithm of actions greatly facilitates the work of a user who wants to create his own ICO with a tokenized system. The created new token, in turn, is also tied to any currency (US dollar, euro, etc.) using network gateway technology.
- Ease of investment. When investing in any ICO based on the Ethereum platform, every participant, without exception, must first transfer their fiat money into Ethereum coins. This, in turn, causes some inconvenience to investors. Waves decided to fix this problem. Therefore, if the ICO uses Waves as a platform, then investors will be able to invest money into the project directly in fiat currencies.
- More powerful blockchain . The Waves network can handle a much higher load and number of simultaneous transactions than Ethereum. This was achieved through more advanced code.
- Own decentralized exchange. Waves has its own P2P cryptocurrency trading platform called WDEX, which is a new generation of crypto exchanges. Here you can safely store your savings in the form of cryptocurrency, but at the same time quickly operate with them if necessary.
Waves project team
CEO and founder of the Waves blockchain system Alexander Ivanov. Graduate of Moscow State University with a degree in theoretical physics, graduate student at the University of Leipzig. Has experience in developing virtual payment networks and neural systems for making forecasts in financial markets. Worked in the NXT blockchain project. He created one of the first exchangers Coinomat, the fiat token CoinoUSD and the exchange index of digital currencies Coinoindex, as well as the venture fund Cryptoasset.
Leading project specialists:
- Maxim Pertsovsky is the chief operating officer. Graduate of the Farminers Project Academy. Founder of Green Garage, a platform where “ technology meets art .”
- Philip Eryushev is the head of the marketing department. Responsible for developing digital expertise for network users and conducting advertising campaigns.
- Phil Filipak is a developer. Uses the computer languages JavaScript, Python and Bash. Engaged in the development of the interface and functionality of the platform.
- Artem Kalikhov has been the head of the technical department since December 2022. Works in the field of IT technologies since 2009. Main responsibilities: architectural design, product management, human resources department.
The project management provides financial, technical and marketing support to developers creating solutions on Waves. The network is focused on hosting dApps; in the current period, this is the most promising segment for the mass implementation of blockchain technologies.
[edit] Links
- Waves in Cyclopedia
| Waves refers to the topics: | |
| Internet moneyInformation security | |
| Internet money • Electronic payment system • Electronic wallet • Payment gateway • Single wallet • Anonymous virtual cards of payment systems • Cryptocurrency • Bank card • Central Bank | |
| Well-known payment systems | Alipay • Authorize • Bitcoin • Bitcoin Cash • CyberPlat • E-gold • e-port • EasyPay • Epayments • GlobalMoney • Google Checkout • Google Wallet • IntellectMoney • ipay.ua • KZM • Moneybookers • Orangepay • PayOnline • PayPal (card linking) • Perfect Money • Qiwi (card, errors) • RBK Money • TeleMoney • Webmoney • Z-Payment • [email protected] • MOBI.Money • Yandex.Money (card: plastic, virtual; payment password, SMS confirmation, identification : repeated, simplified) |
| Exchange and withdrawal | 7pay.me • BestChange • BestMixer.io • cryptex.net • exchangesumo.com • Mmorpg-shop.ru • obmenat.com • Robokassa (ROBOXchange) • Online loan aggregator • Withdrawal • Dirt (fight) • IntellectMoney • Exchange (delays , impossibility, cancellation) • Money changer • Monitoring exchange services • WebMoney replenishment • Cash withdrawal from anonymous Internet wallets in Russia |
| Loans | Guarantor (false) • Credit history in WebMoney • Credit fraud • Credit machine • Lender • Monitoring of credit machines • Finsocial.su |
| Miscellaneous | Subscription fee • Blocking • Ban on bitcoins (in China, in Russia: criminal liability) • Ban on EPS • Internet wallet protection • Scams • Limits in Russian payment systems (arbitrary) • Identification methods in EPS • MMM-2011 • Payment of fines and taxes via the Internet • Resetting BL • Internet promotions against Privatbank • Simplified identification • Bitcoincloudmining.center • Karbowanec • Oplata.info • SMS confirmation • Yarovrat currency • Scam • E-Chat • Waves • Sberbank • Digital ruble |
| Related | 1x Rate • ForkLog • Freecyclopedia • Insider.pro • megakassa.ru • mining-cryptocurrency.ru • online-check.business.ru • Shopotam • WMSignerFX • WebMoney glitch May 23, 2014 • Donations • Delay in replenishing Qiwi • Electronic money limits in Ukraine (2014) • MultikaS • Fall in Bitcoin exchange rate in 2013-2014 • EPS plastic card • Sugar (bonus card) • TKS (debit card) • Corn card (World) • Halva card • Momentum (card) • Sberbank |
| Information protection [edit] | |
| Meta | Information protection • Authorization • Closed hardware • Identification of users on the Internet • Information troops • Information sovereignty • IT troops |
| I2P | I2P-Bote • Tunneling • Installation and configuration |
| SSH | Protection • Change the port • Limit the number of connections in iptables • Disable root login |
| Anonymizers and sites to ensure anonymity | Anonymouse.org • Cameleo.ru • HideME.ru • Kalarupa.com • NewIPNow • Relakks.com • Spys.one • Fineproxy.org |
| Anonymous networks | Bitcoin • I2P • TOR • RetroShare • Netsukuku (project) • Waves |
| Concealment of personal data | Anonymous • Anonymity • Anonymous virtual cards of payment systems • Cloak • XFF disguise • X-Originating-IP • User agent disguise • VKontakte privacy • Proxy server (open, closed, private, weekend) • Anonymox • VPN • BestMixer.io |
| Incidents | DDoS attacks in 2011 • Heartbleed • Hardware bookmarks in Intel • Prohibition of anonymity on the Russian Internet • Yandex indexing of personal information • SMS from MegaFon getting into Yandex • Snowden revelations • VKontakte security test • Trojan program in Russian Wikipedia • Simplified identification • Phishing attack on LiveJournal • Hacker attacks on the website of the Safe Internet League |
| Tools and methods of hacking and attack | DDoS • DeepFake • PRISM • Botnet • Bruteforce • Wishmaster • Deanonymization • Impersonation • Malware • SQL injection • Cybersquatting • Zombie computer • Incorrect delegation of access rights • Death of the iPhone • Social engineering • Trojan • Fake • Phishing • Petya.A • Skygofree • Trojan.Encoder |
| Protection Tools and Techniques | CensureBlock • Charles Web Debugging Proxy • CloudFlare • DDoS-Guard.net • SOCKS proxy • SMS confirmation (in Yandex. Money) • SSL certificate • TorBlock • Internet wallet protection • Protection in OpenBSD • Internet monitoring • Captcha ( Chinese, matanovaya, KCaptcha, ReCAPTCHA) • Confirmation code • Security question • Inadmissibility of open proxies • Disconnecting Runet from the global network • Password (Complex password • Password generator • Payment password (Yandex.Money)) • Backup (gmail) • Sites for obtaining user data about himself • Hiding personal data • SORM-2 • Hacking prevention tools • Filtering incoming traffic |
| Hackers | CyberBerkut • Syrian Electronic Army • Hacker Value • Hell • Humpty Dumpty |
| Persons | Evgeniy Kaspersky • Cybergrandfather |
| Websites | Antichat • Suip.biz • Virusdie |
| Research | Big Brother is watching you • Using proxies in wikiprojects • Digital concentration camp |
History of the WAVES blockchain
The platform was created in March 2016 by Russian entrepreneur Alexander Ivanov, written from the popular project NXT. Like many modern crypto projects, it entered the market thanks to ico crowdfunding. The WAVES team managed to attract about 30,000 bitcoins.
Even at the inception of the Waves resource itself, its team collaborated with the large crypto-wallet service Mycelium. Its director (A. Kuzmin) acted as a guarantor at the crowdfunding stage. Transactions use the Mycelium e-wallet, making coin distribution easier and faster.
The following agreement was concluded with the Australian company BitScan Pty.Ltd. The document concerns the development of the Incent network. The essence of this is that each user himself sets the amount of commission when making a Waves transfer. The main goal of the project is to minimize commission costs when conducting international transactions using digital and fiat means. Wave cryptocurrency is also collaborating with the American BioViva, which is exploring the possibilities of slowing down the aging process of the human body.
It operates due to the updated Proof-of-stake model - LPoS. The new model is notable in that users of the “wave” network can lend their coins to full nodes on a rental basis in exchange for a portion of the mining profits. However, you retain the right to return your funds at any time. At the time of publication of this material (see date), the altcoin’s capitalization was $210,457,000, and the market value was $2.
[edit] Waves Community Token
Waves Community Token is a Waves tool for crowdfunding campaigns. The token is designed to encourage the storage of funds in the system for a long time, since for storing money Waves provides income for Waves token holders in the form of regular distributions of assets.
The launch of the token is planned in several stages, it depends on the state of Waves’ technical maturity.
The token is distributed gradually over 9 months to all Waves holders, except exchanges. Distribution takes place on the 15th of every month based on a snapshot of your Waves balance.
20% of all assets will be distributed during the first month, after which the remaining 10% will be distributed every subsequent month. The Waves community token will continually increase the value of assets for all holders.
Platform manifesto
The creators of the Waves resource outlined their vision of the modern financial world and the interaction of its different branches in a kind of 7-point manifesto.
They pay special attention to the decentralization of services and interaction with financial organizations, especially banks:
- In the first point of their appeal, the authors of the project emphasize that they were not trying to fill a niche for cryptocurrency fans, but were creating a product worthy of becoming the main product of the future.
- Further we are talking about the fact that the developers have nothing against banks and do not want to confront them. Their main task is to make banks work for society and become more open to new technologies.
- Mass adoption of blockchain technologies is only possible with decentralization. The main goal of the project is to take crypto mainstream.
- The authors also emphasize that it is incorrect to perceive blockchain technology in terms of money; it is rather a business relationship, equal and transparent.
- The created platform focuses on crowdfunding projects and, according to the developers, should become the final point for processing open projects.
- The Waves service is not issuing a new currency; it introduces new and extensive opportunities for existing ones.
- And finally, the team is confident that interaction with existing financial institutions is simply necessary, as this is the path to changing and improving them. At the same time, we are not talking about revolutionary, but about rapid evolutionary changes.
This is the appeal. Agree, quite ambitious. However, time will tell how true the words will be.
Risks in the model
Having a number of advantages, this platform is not without some risks, however, like any other resource in this area.
These risks can be divided into 3 groups:
- The first is technical risks like bugs, which, in general, are present in almost any computer program, but in our case they cause a drop in the value of tokens, which is not very healthy. This type of risk is inherent directly in the model itself.
- The second group is associated with such a widespread phenomenon on the Internet as fraud. Unfortunately, it is impossible to completely eliminate these risks. But it can be completely reduced if you apply the KYC assessment system to projects posted on the resource. True, it should be noted that there are practically no successful attempts at fraud against investors in cryptocurrency projects, because they trust their money only to those people who have earned a positive reputation and have long been known in their community.
- And the third group is legal risks. Here, in order not to get into trouble, you need to competently approach the assessment of the model and understand how much it complies with the laws of a particular country. Sometimes you have to choose countries with more loyal jurisdictions.
Coin mining
The Waves ecosystem initially ran on a Proof-of-Stake (PoS) consensus algorithm. But, later, the developers released a modified LPoS (Leased Proof of Stake) protocol.
In classic PoS, to participate in mining, each user must store a certain amount of tokens in the official wallet. The LPoS algorithm used by Waves makes it possible to lease the wallet balance to full nodes, which are responsible for the health of the network. Miners create balances using the funds of other users and pay them a portion of the profits for this.
You can either run a full node on your PC or lease coins to other users. Full nodes in the Waves system process transactions and generate new crypto blocks. The “thicker” the miner’s wallet, the greater the chance that he will be trusted to create the next block.
Advantages of LPoS:
- Leasing does not at all imply the transfer of funds to the node’s wallet. The coins remain yours, you just need to activate leasing and select a miner.
- Income depends on the efficiency of the full node. You can terminate the lease whenever you wish without the approval of the node and give the funds to another mining operator.
- Remuneration for the rental of assets can be paid both in WAVES coins and in other tokens issued within the platform.
In LPoS, the minimum threshold for a miner’s personal balance is 1000 WAVES; you can attract additional funds by launching a pool.
Since all Waves coins are issued, miners receive profit only from processing financial transactions. Accordingly, the amount of payment to the lessor depends on the number of transactions included in this block.
The Waves-NG protocol, developed on top of Bitcoin-NG, reduces transaction latency and increases throughput without sacrificing network security. The scalability problem is solved by continuously managing the block during the mining process in a continuous manner. The liquid block era is extended until the next key block is created, allowing micropayments to be processed without delay.
Thanks to Waves-NG, the system can withstand increased loads during Airdrop and ICO. The concept of the protocol is based on dividing blocks into two types:
- Key block;
- Microblock.
The Waves-NG chain structure is formed as follows:
- The node is allowed to create a new block.
- Key Blocks are being generated. The volume of the key block is minimal; it only includes the miner’s public identification key, which is necessary for the formation of microblocks.
- The miner processes transactions and includes them in microblocks, which are generated every 3 seconds. Each block has a header that contains the cryptographic hash of its predecessor.
- Microblocks are created until the next Key Blocks referencing the liquid block is released. Once verified, the microblocks are merged with the key block and the new block is displayed in the Waves explorer. The generation period for Key Blocks is 30-60 seconds.
When attempting to double spend, the miner is deprived of the reward, and the commission is transferred to the node that discovered the attacker. In addition to full nodes, master nodes also work in the Waves blockchain. They are designed to carry out transactions over an encrypted channel. The list of public nodes is available via the REST API https://nodes.wavesnodes.com/api-docs/index.html.
Waves cryptocurrency rate
In the ranking of assets by capitalization, the Waves cryptocurrency ranks 40th at the end of August 2022. The total capitalization of the project is 215 million US dollars, the price of one coin fluctuates around 2.16 US dollars. The daily trading volume of this cryptocurrency is more than 2.66 million US dollars. The coin issue is 100,000,000 WAVES.
It is noted that the Waves cryptocurrency is not mined in the traditional Proof-of-Work method, since the blockchain is built on a more advanced Proof-of-Satke consensus algorithm. We'll tell you why this is cool below. Official website of the company https://wavesplatform.com Official Twitter: @wavesplatform Ticker: WAVES
Waves wallet - how to create and use?
The WavesFX wallet is designed for installation on a computer. Its functions are to store and make transactions in the “wave” cryptocurrency. You can use it to trade on the stock exchange. Waves wallet FX is a lightweight version of the wallet. Once installed, you will not be able to directly participate in mining.
To download the full node. follow the link https://docs.wavesplatform.com/en/waves-node/how-to-install-a-node/how-to-install-a-node.html and follow the instructions from the developers.
The developers suggest using SIGN as an alternative wallet. This web application only works in a browser with the Waves Keeper extension installed. Available for Chrome, Firefox, Edge and Opera. Waves coins also supports Ledger hardware safe of any modification.
To start using the browser version of the Waves wallet you need to:
- go to the official Waves website - wavesplatform.com;
- go to the “Product” tab;
- select the “Online Client” option;
- after reading the warning about the danger of losing control of your wallet in case of losing the key from randomly generated words (SEED), you must click “I UNDERSTAND”;
- fill in your name, password and copy SEED (a series of words generated by the program) to a safe place, then click “REGISTER” - the Lite Client wallet is created.
How does a new generation decentralized exchange work?
So, Waves is a decentralized platform that allows you to create, transfer, exchange fiat or digital currencies between internal network participants.
The Waves blockchain was designed in such a way as not to compete with the most famous cryptocurrencies. The main concept is not to create a new alternative means of payment, but to provide a service where users can exchange their assets in a completely decentralized way and without any delays or paying high fees.
Therefore, both ordinary users and entrepreneurs who decide to launch an ICO project on the Waves platform can use the Waves platform. And the internal decentralized exchange DEX only improves and complements the work of the entire platform. There, creators and investors of ICO projects will be able to exchange and sell tokens among themselves in a decentralized way.
The main feature is that each user, without exception, can create their own token and it will immediately appear on the Waves exchange.
