Waves — a multipurpose blockchain platform that supports a variety of use cases, including decentralized applications (DApps) and smart contracts.
Contents:
- About the coin defi project
- Features of the Waves platform
- Security in the Waves project
- Where can I buy it?
About the coin defi project
The project originally intended to improve the early blockchain platforms by increasing speed, utility and user friendliness. The platform has gone through various changes and added new additional features, based on its original design. The native token of Waves is WAVES, a no-restriction token, used for standard payments such as block rewards.
The project technologies are supported by the Waves Association, a non-profit organization headquartered in Berlin that promotes Waves research and education and provides grants for projects, based on the Waves stack. Neither control nor leadership is in the hands of the association - the cryptocurrency is created and maintained by the community. The founder of Waves is Ukrainian scientist Alexander Ivanov.
Features of the Waves platform
Waves' approach has always been based on high throughput and low fees. The company protocol runs on the LPoS (Leased Proof of Stake) consensus algorithm, which allows WAVES token holders to earn passive income from staking their tokens. The stakes on the project became especially profitable after the adoption of the monetary policy.
The key benefits of the platform are as follows:
| 1 | Supports the development of smart contracts and DApps, ensuring applications will have greater speed and ease of use. |
| 2 | Wаves DEX — a decentralized cryptocurrency exchange. |
Other products have also appeared on the platform, including Gravity, a cross-chain and oracle network, and the decentralized finance (DeFi) platform Neutrino.
Security in the Waves project
The blockchain platform uses a modified share confirmation algorithm, called WavesNG. The technology is based on Bitcoin-NG, a scaling proposal by well-known Bitcoin proponent Cornell University developer Emin Gün Sirer.
The developers emphasize that the project code is open source, which provides greater trust and ease of maintenance than closed source enterprise blockchain solutions. For a Waves-based chain, you can also run ancillary services such as Waves Explorer, data services and a matcher. And, of course, you can develop, test and use decentralized applications (dApps).
Where can I buy it?
You can buy, sell and exchange the protocol token on several exchanges, namely:
- Huobi Global;
- Binance;
WAVES, as a cryptocurrency on the market for more than four years, is widely traded on a large number of exchanges. Pairs work between WAVES and other cryptocurrencies, stablecoins and fiat currencies.