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Waves

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Description

What does Waves do?

Waves is a decentralised blockchain platform that offers cutting-edge tokenization tools for end users, businesses and developers. Among the key functionalities of the Waves Platform are its fast and secure decentralised exchange (DEX), user-friendly smart contracts, and the capability to issue a token in less than 60 seconds. Much of the platform’s functionality is easily accessible through the Waves client, available in desktop, mobile and standalone versions. Transactions on the Waves network are fast, secure, and inexpensive.

What are WAVES, WCT, and MRT used for?

Users need WAVES to carry out any operation on the Waves Platform, in a similar way that Ethereum uses ETH as gas. The Waves ecosystem also makes use of two further tokens, WCT and MRT.

WCT tokens are used for voting by the Waves community, while MRT tokens are used to reward mining. Like other tokens, these can be freely bought, sold, and transferred on Waves’ decentralised exchange.

How can WAVES appreciate in value?

The potential demand for WAVES can make their 100,000,000 coin supply scarce. The project has global partnerships with some major brands such as LegalThings, Gazprombank, Deloitte, Guarda, and major crypto exchanges. These partnerships are key for setting up the proper infrastructure to deploy WAVES globally.

Additionally, the project is known for its efficient PoS system and highly scalable blockchain. The larger the number of WAVES in an individual’s account, the higher their chances are of mining the next block. Naturally, this provides incentive to hold WAVES. As more people hold WAVES and use it for commerce on their platform, then the price can certainly appreciate.

What is the difference between Waves and its competitors?

Waves is often compared to Bancor because both are platforms that hope to be useful for creating many new tokens with different purposes.

The differences between Waves and Bancor come down to liquidity and technology. Bancor tokens are liquid as soon as they are created. Bancor uses Ethereum technology to launch ERC20 tokens. On the other hand, Waves operates more independently. Since its launch, Waves has been working to fulfill its vision of creating a truly unique blockchain product that will become an industry standard in providing the most versatile and straightforward tokenization tools for everyday use.

Finally, Waves’ complex approach goes beyond solely technological development, incorporating enhanced legal compliance for blockchain and promotion of business perspectives, whether giving a great start to promising ICO projects or enabling established companies to develop with the use of blockchain solutions and investment opportunities.

  • Mainnet Launch: May 2016
  • Consensus Type: PoS
  • Technology: Waves
  • Total Coin Supply: 100,000,000
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Description

What does Waves do?

Waves is a decentralised blockchain platform that offers cutting-edge tokenization tools for end users, businesses and developers. Among the key functionalities of the Waves Platform are its fast and secure decentralised exchange (DEX), user-friendly smart contracts, and the capability to issue a token in less than 60 seconds. Much of the platform’s functionality is easily accessible through the Waves client, available in desktop, mobile and standalone versions. Transactions on the Waves network are fast, secure, and inexpensive.

What are WAVES, WCT, and MRT used for?

Users need WAVES to carry out any operation on the Waves Platform, in a similar way that Ethereum uses ETH as gas. The Waves ecosystem also makes use of two further tokens, WCT and MRT.

WCT tokens are used for voting by the Waves community, while MRT tokens are used to reward mining. Like other tokens, these can be freely bought, sold, and transferred on Waves’ decentralised exchange.

How can WAVES appreciate in value?

The potential demand for WAVES can make their 100,000,000 coin supply scarce. The project has global partnerships with some major brands such as LegalThings, Gazprombank, Deloitte, Guarda, and major crypto exchanges. These partnerships are key for setting up the proper infrastructure to deploy WAVES globally.

Additionally, the project is known for its efficient PoS system and highly scalable blockchain. The larger the number of WAVES in an individual’s account, the higher their chances are of mining the next block. Naturally, this provides incentive to hold WAVES. As more people hold WAVES and use it for commerce on their platform, then the price can certainly appreciate.

What is the difference between Waves and its competitors?

Waves is often compared to Bancor because both are platforms that hope to be useful for creating many new tokens with different purposes.

The differences between Waves and Bancor come down to liquidity and technology. Bancor tokens are liquid as soon as they are created. Bancor uses Ethereum technology to launch ERC20 tokens. On the other hand, Waves operates more independently. Since its launch, Waves has been working to fulfill its vision of creating a truly unique blockchain product that will become an industry standard in providing the most versatile and straightforward tokenization tools for everyday use.

Finally, Waves’ complex approach goes beyond solely technological development, incorporating enhanced legal compliance for blockchain and promotion of business perspectives, whether giving a great start to promising ICO projects or enabling established companies to develop with the use of blockchain solutions and investment opportunities.

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