Understanding Waves Platform Cryptocurrency

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Waves cryptocurrency uses blockchain tech to provide a decentralized finance solution. This offers innovative features and solutions. These are for people and businesses looking for safe and quick transactions.

It was founded in 2016 by Sasha Ivanov from Russia¹. Waves became famous for a successful ICO, gathering $16 million². Today, its value is around $1.3 with a $132 million market cap². It stands among the top 50 cryptocurrencies worldwide².

Waves allows easy and cost-effective creation of custom tokens. Using the Waves Platform, one can make tokens quickly. It only costs 1 Wave per token³. This makes Waves a top pick for both companies and individuals for tokenizing assets³.

It uses a security and scalability system called Leased Proof-of-Stake (LPoS). In this, full nodes with 10,000 WAVES can earn MRT tokens as rewards². Miners get 50 MRT tokens as a reward per block, but this reward decreases over time².

Waves also supports smart contracts through its RIDE language. This technology allows for building decentralized applications (dApps)². The recent updates in its smart contracts have made Waves more powerful and flexible².

Waves is known for its focus on innovation and teamwork. It’s actively building the DeFi landscape. Its goal is to offer various DeFi tools and support cross-chain finance by connecting with other chains like Bitcoin and Ethereum¹.

To conclude, Waves Platform Cryptocurrency provides a complete solution for anyone looking for secure and efficient blockchain tech. With its easy token creation, advanced security model, and smart contracts support, Waves is set for even more success in the crypto world³¹.

Key Takeaways

• Waves is a decentralized finance platform built on blockchain technology¹.
• It gained recognition for a successful ICO, raising $16 million in investments².
• Waves allows for the creation of custom tokens, making it accessible for asset tokenization processes³.
• It utilizes the Leased Proof-of-Stake (LPoS) consensus mechanism for network security and scalability².
• Waves supports smart contracts technology, enabling the development of decentralized applications (dApps)².

What is Waves Cryptocurrency?

Waves cryptocurrency is a cutting-edge blockchain network that lets its users create and trade their coins. This changes how digital tokens work. It’s built on a secure proof-of-stake blockchain. This ensures safe and efficient transactions without the need for a central authority.

What makes Waves stand out is its unique proof-of-stake system. Traditional systems need costly mining gear. But Waves’ method lets users help secure and verify transactions by just holding their tokens. This way of working is good for the planet, as it uses less energy and reduces waste.

Waves has a special exchange (DEX) that lets people trade tokens without a middle-person. This means it’s safer and more open. The DEX gives users the freedom to swap all sorts of tokens. This opens up lots of chances in the fast-growing world of decentralized finance.

Waves is also great for developers. It allows them to create advanced apps (dApps) with smart contracts. These are like digital agreements that work automatically when certain conditions are met. This makes doing things online simpler and more trustworthy.

Looking at the facts from⁴, Waves is doing really well in the cryptocurrency world. It’s worth $118.56M and trades a lot at $31.88M a day. It’s shown big changes in value over the years. Its best year was 2017, when its value grew a lot. But in 2022, it didn’t do so well.

Another cool thing about Waves is how its coins were first shared. The data from⁵ shows that 85% of the coins were given out in an event called an Initial Coin Offering (ICO) in 2016. This wide sharing helped build a strong community. Waves also gave coins to its partners and others, helping its ecosystem grow.

Statistical Data	Value
Highest Price	$61.74
Lowest Price	$0.122684
Current Circulating Supply	114.70M
Max Supply	109.88M
Yearly Supply Inflation Rate	2.65%
Initial ICO Price	$0.19
ROI in USD	5.49x
Price Decrease in Last Month	-57.48%
Trading Days with Price Above $1.033639	82.09%
Number of Exchanges	50
Top Exchanges	Binance, KuCoin

In the world of blockchain, Waves is a leader. It combines a unique blockchain, a safe way to trade, and advanced contracts. Waves is making the digital economy better every day.

Consensus and Mining on Waves Platform

Consensus and mining on the Waves Platform happen through a unique leased proof-of-stake system. Users lease their tokens to full-staking nodes. These nodes keep the blockchain secure and process transactions. This method makes the network safer and more efficient.

The Waves blockchain is built to handle a lot of transactions quickly. A round, or the time between main blocks, is about 40 seconds⁶. Within each round, microblocks appear every 5 seconds, each able to hold up to 500 transactions. This makes transactions faster than on other blockchain platforms⁶.

In Waves-NG, the block transaction fees are shared among miners. The creator of a block gets 40% of the fees, and the next block’s miner gets 60%⁶. This setup motivates miners to help secure the network and make it work better.

Waves miners benefit from transaction fees and rewards. They get 40% of the transaction fees as a reward⁶. Miners also receive MRT, which are given out each month to support the network⁷. People with Waves tokens can boost miners’ rewards by lending them their tokens⁷.

Mining Rewards on Waves Platform

Miners on the Waves Platform get rewards from block transaction fees, paid in Waves⁷. They also earn from commissions in tokens of other projects on Waves⁷. And, they can trade MRT on the market to increase their earnings⁷.

The Waves Platform is well-known for its innovative features and strong community. Its launch campaign raised an impressive $16 million, one of the biggest in crowdfunding history⁷.

The platform offers Waves coins for its ecosystem. These coins are used for moving, withdrawing, and trading assets. It also has Community Tokens, which give extra income by distributing platform assets⁷.

Waves Platform runs the DEX, one of the first decentralized exchanges. It allows direct trading between any tokens without needing a middle currency. This makes trading easy and flexible for users⁷.

Waves Platform Mining Statistics	References
Block size on Waves Enterprise blockchain is limited to 1 MB or 6000 transactions	6
In the Waves-NG protocol, 40% of the block transaction fee goes to the creator, while 60% is given to the miner of the following block	6
The Waves Enterprise blockchain reduces transaction confirmation time compared to other platforms	6
The blockchain platform launch campaign for Waves Platform raised $16 million, making it one of the largest crowdfunding campaigns	7
Waves Platform operates one of the first decentralized exchanges in history, called DEX	7
Waves Platform utilizes the Leased Proof-of-Stake mechanism for enhancing network security	7

Key Features of Waves Cryptocurrency

Waves cryptocurrency has many features that attract investors and blockchain fans. It includes making custom tokens, a decentralized exchange, and the Waves wallet.

Token Creation

One top feature is Waves’ ability to make custom tokens. It’s very easy and quick. Just give your token a name and choose how many you want. It costs one Wave⁸ and takes less than a minute. So far, over 22,212 tokens have been made this way⁹.

Decentralized Exchange

Waves has a great decentralized exchange (DEX). Here, users can swap their tokens for other cryptocurrencies. There are more than 60 pairs available⁹. Please note, trading custom tokens here costs 0.005 WAVES. Regular cryptocurrency trades charge 0.001 WAVES⁸.

Waves Wallet

The Waves wallet is key to the Waves platform. It lets you securely make, move, and trade digital assets. You have full control and it’s easy to use¹⁰. With this wallet, managing your tokens and handling your money is simple.

Overall, Waves is great because of custom tokens, a DEX, and a handy wallet. These features attract many people and companies interested in blockchain.

Why Choose Waves Platform?

Waves platform is a top choice for using blockchain technology. Alexander Ivanov started it in 2016. It lets people and companies easily make their own blockchain networks and tokens¹¹. It also has Waves DEX, a decentralized exchange, for safe and smooth trading. This makes Waves great for anyone interested in blockchain, from individuals to big businesses.

An Innovative Consensus Mechanism

Waves uses a special way to agree on its network, called LPoS. This makes the network more secure and lets it process lots of transactions quickly¹¹. It’s ideal for those who need a fast and scalable blockchain platform.

Low Transaction Fees and Income Opportunities

One big advantage of Waves is its low fees. This makes it affordable for users to handle their accounts and do transactions¹¹. It also lets node operators earn money by leasing their balances. This encourages them to join and helps keep the network decentralised.

User-Friendly Token Creation and Smart Asset Development

With Waves, making your own tokens is easy with their straightforward interface. You don’t need to be a tech expert to do it¹¹. They also have Ride, a special language for creating unique “Smart Assets”. These are tokens with special features, like for crowdfunding or secure voting.

Advanced Security and Privacy Measures

Security and privacy are key for Waves. They protect user assets with top-notch security technology¹¹. They also care about keeping user data safe. This makes Waves a trusted place for managing money in the blockchain world.

Thriving Ecosystem and Community

Waves has a lively world where new ideas and teamwork thrive. It’s great for building DApps and smart contracts because of its big, active community¹¹. This community offers many chances to learn, share your work, and join projects. Waves is dedicated to supporting this creative and sharing environment.

Waves attracts both people who are new to cryptocurrencies and those who already understand them. It does this by being easy to use, having low fees, and offering lots of tools and features. Its focus on simplicity, safety, and innovation has helped Waves get many significant partnerships. This has made Waves a key player in the blockchain world.

Features	Waves Platform	Competitor A	Competitor B
Token Creation	Yes	No	Yes
Decentralized Exchange	Yes	No	Yes
Smart Contract Support	Yes	Yes	No
Transaction Speed	Fast	Medium	Slow
Community Size	Large	Medium	Small

As the table shows, Waves isn’t just packed with features. It also beats its rivals in things like making tokens, having a decentralised exchange, and supporting smart contracts. Waves is all about making blockchain easy and inviting for both businesses and people who want to explore the decentralized world.

In summary, Waves offers a friendly and safe space to explore the benefits of blockchain. Its simple design, low costs, and support for smart contracts and making tokens attract many users. By choosing Waves, people can dive into the exciting world of blockchain, supported by a community that values new ideas and working together.

Special Features of Waves Cryptocurrency

Waves cryptocurrency stands out with unique features in the digital currency world. It offers a blend of centralised and decentralised systems. This unique blend supports token issuance, has no trading limits, and offers a decentralised exchange (DEX).

“Waves protocol can process up to 100 transactions per second, much higher than the average of 7 in the crypto world.”¹²

The Waves platform is known for its easy token issuance process. This means even those without coding skills can make their own tokens¹³. Such an approach widens its use, enabling things like crowdfunding and loyalty programmes to easily take place.

Waves also brings in the idea of “smart assets” and “smart accounts.” Thanks to the RIDE programming language, users can add more functions to their digital assets¹³. This allows for the creation of more complicated financial tools and uses.

The Waves DEX, or Waves.Exchange, takes trading to a new level. It allows for unlimited trading of smart assets and other WAVES tokens, plus fiat currencies¹³. This freedom in trading enhances liquidity and flexibility.

The Waves blockchain has a smart two-tier setup. It has both lightweight and full nodes, ensuring the network is both strong and scalable¹³. This setup makes transactions fast, secure, and keeps the whole network reliable.

“The deterministic fees of the Waves protocol keep costs low, which is great when the network is busy.”¹²

Waves also offers a mobile wallet. This wallet lets users easily keep and manage their digital assets, making joining the Waves world simple¹².

With fiat gateways built-in, Waves makes turning crypto into traditional money quick and simple¹³. This move cuts out the middleman, making things easier for users everywhere.

Waves is all about making blockchain easy and useful for everyone. By being user-focused, it supports the growth of many tech innovations in the field¹². This includes making it easier for anyone to work with NFTs and DAOs.

Comparison with Competitors

Waves is a big competitor for Ethereum and others. While Ethereum is known for its smart contracts, Waves’ strengths lie in low fees, scalability, and user-friendliness¹³. Its ability to handle more transactions highlights its efficiency.

Plus, with easy token issuance and a versatile trading platform (DEX), Waves is in a strong position¹³. Its mix of centralised and decentralised features gives it an edge in the market.

1. Coinswitch – What is Waves Crypto
2. SoFi – What is Waves and How Does it Work
3. Gemini Cryptopedia – Waves Cryptocurrency: The Network, Waves DEX, and

Waves Platform and Its Competitors

Waves Platform is a major blockchain in the crypto world. It competes with Ethereum, NEO, EOS, and Lisk. These are all tools for inventing smart contracts and apps without a central control.

It also vies with IDEX, 0x, and Kyber Network for trading digital coins safely and easily.

How is Waves different? It’s all about ease of use. Waves has a simple design and tools anyone can use. It’s quick too – your deals are done in 2-3 seconds¹⁴. And the cost is so low – only pennies each time¹⁴.

Waves has its own special part, called Waves.Exchange. It’s a kind of market. It plans to make trading even better soon. Plus, it’s getting ready to help bring more money from other places to Waves, making it a better deal for everyone¹⁴.

Ethereum is big, but it sometimes gets too busy. Waves is finding a new way to grow without these issues. This way, it can run more types of apps smoothly, just like Ethereum¹⁴.

Wave 2.0 is coming in 2022. It’ll start small but grow to be the heart of the whole network¹⁴.

Waves Platform vs. Competitors

Platform	Year Established	Decentralized Exchange	Advanced Order Types	Leverage	Regulation
Waves Platform	2016	Waves.Exchange	No	1:1	Not regulated
Ethereum	2015	N/A	Yes	Varies	Not regulated
NEO	2014	N/A	Yes	Varies	Not regulated
EOS	2017	N/A	Yes	Varies	Not regulated
Lisk	2016	N/A	Yes	Varies	Not regulated
IDEX	N/A	Yes	Yes	Varies	Not regulated
0x	2016	Yes	Yes	Varies	Not regulated
Kyber Network	2017	Yes	Yes	Varies	Not regulated

Table: Comparison of Waves Platform and Its Competitors

Waves.Exchange doesn’t have all the fancy trading features, but it makes up for it. It charges very little and has no big fees for moving your money. This makes trading easy for everyone¹⁵.

The Waves Platform started in 2016 by Sasha Ivanov. It set a strong base for what’s to come. The WAVES coin is a big deal, worth around $500 million, ranked 28th. It has proven to be a good choice for many traders¹⁵¹⁶.

But what really shines is how quick Waves is. It can handle lots of deals every minute and aims to do even more. This has been great for big sales like Primalbase and MobileGO, showing how strong Waves can be¹⁶.

In the end, Waves stands out in the crypto world. It’s known for being easy to use, fast, and making big deals happen. With new features on the way, Waves is set to do even more¹⁴¹⁶.

Use Cases and Future of Waves Cryptocurrency

Waves cryptocurrency is advancing with its unique features, offering new ways to work in different fields. Projects such as Tokenomica, ZrCoin, EncryptoTel, MobileGo, and Incent use Waves¹⁷. They use its benefits for areas like fund-raising, green tech, telecoms, marketing, and customer rewards¹⁷. Waves is helping to change these industries, showing how flexible and useful it is.

In the future, Waves wants to change how we move money and fund projects online¹⁷. It’s designed for lots of people to use easily. Waves could shake up how money moves, making it clearer and faster¹⁷. It links the gap between normal money and digital money, making life simpler for everyone.

Since starting on 6th July 2016, Waves has quickly grown in popularity and became a top digital currency¹⁸. Even though it’s priced less than Ethereum, Waves is seen as very promising in the digital world¹⁷. It’s focusing on making transactions faster and easier to use. This makes Waves a key player in the digital money scene, pushing others to do better.

Waves stands out with features that let you make new digital coins and trade without a middleman, which helps when raising money and running community projects¹⁷. It isn’t controlled by just one place, giving users more power over their money¹⁷. There are plans for moving digital stuff between different digital systems too, opening up more ways to use Waves¹⁷.

The Future Price and Growth Potential of Waves Cryptocurrency

When we think about what Waves might be worth in the future, looking at past highs and lows can guide us¹⁹. Since its beginning in 2016, Waves’ price has swung from low points to very high points like in 2022¹⁹. This up and down movement hints at big changes to come in the Waves market.

Experts and forecasts see good things ahead for Waves. They predict it might jump to $4.76 by 2024 and even $25.10 by 2030¹⁹. But, these guesses can differ a lot, showing there are many paths the price could take¹⁹. For people watching Waves, these predictions can be useful for their plans.

In 2023, Waves’ value rose by 104%, showing it’s doing well in the digital money world¹⁹. Also, it reached over $100 million in total worth, which is a big achievement¹⁹. These steps show Waves is a digital money to watch, drawing interest from those who follow currencies like it.

With new tech like Waves 2.0, there’s a chance for more movements in its price and further growth¹⁹. This update means Waves is getting more secure and easier for people to use, which should make investors more confident¹⁹.

Waves is working hard to make moving money better and online funding more common. Its real-life uses and constant improvements make it ready for more success and use around the world. Waves looks set to be a key part of the digital money future, leading the way in changing how we manage our money.

Statistical Data	Reference
Release Date of Waves	2nd July 201618
Current value of WAVES	$2.39 USD per unit18
Market cap of WAVES	$239,176,190 USD18
Number of custom tokens issued using the Waves platform	Grew from 7,000 to almost 20,000 CATs by December 201718
Waves platform features	Instant trading/exchanges of all cryptocurrencies and fiat currency with no limits on transactions18
Waves’ position in the cryptocurrency market	Operating in the top ten cryptocurrencies by market cap and considered a strong competitor striving to enhance usability and transaction speed18

For more about Waves cryptocurrency, look here:

1. WeUseCoins – What is Waves
2. Bitdeal – Waves Blockchain Development
3. Coinpedia – Waves Price Prediction

Conclusion

The Waves platform is changing how we use blockchain and helping more people use it. It started in 2016 with a big success, raising over 16.4 million USD in Bitcoin from its ICO²⁰. It’s special because making tokens on it is cheap, and there are now almost 20,000 different tokens on its platform²¹. This blockchain is fast with processing transactions, which is great for things like online markets, games, and raising money for projects²².

Waves is easy to use. It lets anyone make their own tokens or start their ICOs without a lot of trouble²². It works on a system called LPoS, making things secure and fast. Even making smart contracts is simple, thanks to RIDE²⁰. Waves has friends in high places too, like Burger King, showing it can be used in the real world²⁰.

Waves wants to get even bigger. It plans to help more projects grow by offering new ways to use its technology²². Famous magazines and websites, like Forbes and NewsBTC, like what Waves is doing²². As it grows and makes more friends, Waves could become very important in blockchain’s future.

FAQ

What is Waves cryptocurrency?

Waves cryptocurrency is a type of digital money based on a proof-of-stake system. It lets people make their own coins and exchange them. This system is also smart because it can understand and execute agreements.

How does Waves platform ensure consensus and mining?

Waves secures its network through a leased proof-of-stake system. In this method, users with light nodes rent their tokens to those with full-staking nodes. This helps keep the network safe. People running full-staking nodes receive rewards for their service.

What key features does Waves cryptocurrency have?

Waves offers simple ways to create tokens, a place to exchange them, and a safe wallet to keep them. This means users can easily make their own coins, swap them, and look after their digital money.

Why should I choose Waves platform?

Waves makes it easy for both individuals and businesses to create digital coins and start crowdfunding. It also has a place for secure trading and swapping of different digital currencies.

What are the special features of Waves cryptocurrency?

You can make your own coins on Waves without being a tech expert. Its trading place has no trading limits and lots of ways to pair up different coins. Waves also lets you change your digital money into normal money quickly.

How does Waves platform compare to its competitors?

Waves goes up against big names like Ethereum and NEO in the digital money and smart agreement world. It also faces off against places to trade, like IDEX and 0x. Waves stands out by being easy to use, quick, and by working with big companies.

What are the real-world applications of Waves cryptocurrency?

Waves is used in many places such as Tokenomica, ZrCoin, and more. It helps in getting fair funding, making things in an eco-friendly way, and improving how we talk on the phone. It’s also used in keeping customers loyal.

What is the future of Waves cryptocurrency?

Waves’ future is bright, aiming for easy money exchanges and better ways to raise money through the internet. It’s always changing and finding new ways to be used, showing it’s here to stay.