Waves digital coin is an open-source blockchain platform that allows users to launch their own custom cryptocurrency tokens. Whilst popular cryptocurrencies such as Bitcoin and Ethereum can be traded on external exchanges, and Ethereum allows users to create new tokens on the platform using a smart contract, Waves includes this functionality in its core software and wallet. Users can create, transfer and exchange blockchain tokens on a peer-to-peer basis, paying transaction fees in the native WAVES token.
Affordability — Tokens can be used to pay transaction fees, and each transaction is as cheap as 0.001 Waves.
Speed — Block time for waves is under one minute. This basically translates to 6000 txs per second. Under a minute, you’ll be having your token.
Decentralized Exchange (DEX) — DEX enables every user to sell or buy tokens using a centralized matcher. Meaning there are no possibilities of freezing of funds or being hacked. How? Once you make an order, you will be served centrally and the trading process will be performed on a peer-to-peer channel.
Fiat transfer — Waves Platform has licensed and fully compliant gateway in and out of Blockchain. The platform currently supports fiat currencies such as EUR, and plans for USD Blockchain and other fiat is underway.
Accessibility — Waves Platform has a friendly and easily accessible user interface (UI). There are quite some options; a browser version, mobile version and a stand-alone version of Waves Client. Also, it saves on your hardware storage space since Blockchain download is not necessary.
Best for crowdfunding projects — Waves Platform is currently turning into the most sort-after tool by most startups, thanks to its ability to raise funds. Startups are using Waves Platform to plan, create and distribute tokens safely. So far, there are 7000+ tokens issued through Waves Platform that collective add way over $1 Billion.
Smart contracts — Recently, Waves TestNet released non-Turing smart contracts which are way easier to utilize compared to Ethereum’s smart contracts.
The Waves digital con platform has a fixed supply of 100 million WAVES and uses a network consensus algorithm based on Bitcoin-NG, updated for proof-of-stake networks, called Waves-NG. Waves uses trusted gateways to issue blockchain tokens backed by fiat money and digital currencies for use on its own platform.
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