Waves is a versatile blockchain platform that supports a wide range of applications, including smart contracts and decentralized apps (DApps). It was established in June 2016 after one of the first initial coin offerings (ICO) in the cryptocurrency industry to improve the speed, functionality, and use of the early blockchain systems. The platform has undergone various changes and included new spin-off features to expand on its basic idea. WAVES is its native currency, a token with an infinite supply that is used for standard payments such as block rewards.
Makers of waves
Waves are named for their originator, physicist Alexander Ivanov of Ukrainian heritage (also known as Sasha Ivanov). Before founding Waves, Ivanov had already established a reputation for himself in the cryptocurrency realm, having founded the now-defunct fast exchange Coinomat and the indexing website Cooleindex. He also created CoinoUSD, an early stablecoin connected to the US dollar. Ivanov often appears in interviews to discuss the newest developments in the blockchain industry. According to its marketing brochures, it presently employs roughly 180 people in countries such as Moscow and Switzerland.
Waves’ distinctiveness
As one of the earliest services in its sector, it set out to improve on the early blockchain platforms and commodities. Its initial purpose was to attract prospective corporate clients interested in using blockchain to improve operations or build new services. It aided in the development of smart contracts and DApps, ensuring that their speeds and usability exceeded the competition at the time. Since then, more products have arisen, like the cross-chain and Oracle network Gravity, as well as the decentralized financial platform Neutrino (DeFi). Waves DEX is a decentralized cryptocurrency exchange. It claimed that its platform would be interoperable with the Ethereum network by making it is token an ERC-20 standard asset in 2020.
Waves coins are presently being used
WAVES was a fixed-cap token for the Waves network, with 100 million tokens available at launch. The ICO raised 30,000 BTC and distributed 85% of the supply to sale participants, 4% to partners and supporters, 9% to developers, and 1% to early backers and reward programs. Its utility rose over time, and in 2019, the supply constraint was lifted, with decision-making transferring to network users. To alter the current block reward of 6 WAVES, users must select whether to cut the block reward by 0.5 WAVES every 110,000 blocks.
Waves network security
Its proof-of-stake technique is known as WavesNG. Emin Gün Sirer, a well-known Bitcoin supporter and Cornell University developer, designed Bitcoin-NG, the technology’s scaling solution. It emphasizes that its open-source technology is easier to maintain and more trustworthy than closed-source enterprise blockchain solutions.
WAVES
It is a cryptocurrency that has been in existence for over four years and is actively traded on some sites. It may be acquired alongside other cryptocurrencies, stablecoins, and fiat currency. It is available for buy on cryptocurrency exchanges such as KuCoin. These specialty markets, which work similarly to stock trading platforms, allow you to buy and sell bitcoins. The platform facilitates the exchange of national currencies and precious metals such as gold and silver on the blockchain, bridging the gap between traditional and blockchain-based financial systems. To complete the transaction, all you need is a smartphone or computer, an internet connection, a form of image identification, and a way of payment. It might take as little as 15 minutes. The following is how to get Waves:
Examine cryptocurrency exchangers
Buying Waves via a cryptocurrency exchange is the most straightforward approach. Compare numerous exchangers to choose the one with the greatest features, such as low rates, ease of use, and round-the-clock customer service.
Make a profile
To register for an account on an exchange, you must authenticate your email address and identity. Get your phone and some photo identification ready.
Make a deposit
Once your identification has been verified, you may deposit using the payment option that is most convenient for you; debit/credit cards, cryptocurrencies, bank transfers, and PayPal are all often accepted.
Purchase waves
You may now use your money to purchase Waves. On simpler exchanges, this may be accomplished by simply inputting the appropriate purchase amount and hitting the buy button. If you choose, you may now withdraw it to your wallet.
