Waves is a multifunctional blockchain platform defined by simplistic, streamlined user experience and enable you to create custom tokens on the platform. It offers its users smart contract functionality for compact token transfers, token creation, issuance services, and atomic swaps. Via Waves, you can also originate ICOs to fund your projects from throughout the world in a span of minutes which will make easier for startups projects.
The blockchain is developed with a unique Waves-NG “liquid block” blockchain that blends Proof-of-Work and Proof-of-Stake. The core mechanism of the consensus is to allow various blocks on the Waves transaction chain to be verified at the same time, resulting in increased transaction speeds.
Waves platform not only delivers the Waves Coin. It releases also thousands of other tokens. The Waves Coin has a great network speed that provides hundreds of transactions per second. Waves Coin can also be utilized to make payments and peer-to-peer transfers between blockchain wallets, giving it core functionality as a cryptocurrency-related to Bitcoin and Monero.
Key Features of Waves cryptocurrency
- Custom Application Tokens – Waves CAT tokens, once created, are immediately tradable on the platform’s internal DEX (decentralized exchange)
- WavesDex – WavesDex is a decentralized exchange built on the Waves blockchain. It allows users to trade their BTC/ETC/etc. in exchange for Waves or any other asset token issued on the Waves platform
- Smart Contracts – Smart accounts are accounts with an attached transaction checking script that applies rules to outgoing transactions based on factors like multi-signature requirements and current blockchain height. It functions similarly to Ethereum smart contracts
- Tokenization – You will require to have at least 1 Waves token to make your own custom tokens or cryptocurrencies in one minute on the Waves platform and decide what name the token will be, how many to be issued and how many decimal fractions you want to keep. This is perfect for crowdfunding and ICOs
- Fiat Gateways – Fiat Gateways such as USD/EUR/CNY, etc. will allow users to exchange any token issued in Waves platform for real money and can be deposited in a bank
- KYC/AML – KYC/AML is needed to deposit and withdraw fiat money. KYC is not necessary for cryptocurrency transactions
The Waves coin price is $1.05 with a 24h trading volume of $89,052,777 by the time of writing. With a circulating supply of over 101,777,632 WAVES. P2PB2B is the current most active market trading it. You can explore addresses and transactions through wavesexplorer.com and wavesgo.com.
