Presentation and definition of the crypto-currency Waves (WAVES)
- Name of the crypto-currency : Waves
- Symbol : WAVES
- Where to buy WAVES ? Binance
- Creation Date : April 2016
- White paper of the Waves
- Website of Waves
The platform Waves
Waves is a platform for decentralized, which allows it to distribute and exchange tokens, cryptographic custom. The functioning of Waves is based on the technology Blockchain. The network allows you to create and generate tokens, start crowdfundings, communicate via secure messaging and encrypted and put in place e-voting. Users can also perform smart contracts, but this is not a feature promoted by the developers. The development team Waves has inspired several other crypto-currencies like Bitshares or SuperNET. However, the developers have written the code from scratch, via the programming language Scala.
A user who wants to generate tokens must stop, at least, 1 WAVES on a registry. The advantage of Waves is that the network will target both beginners users most experts. The basic objective was to be able to involve a broad public in the project. Thus, the platform is easy to use, as well at the portfolio level, that of the interface.
The consensus Proof of Stake
The blockchain of Waves uses the consensus Proof of Stake (proof of stake) for the validation of blocks. The block is valid in 1 minute, and each block can handle 100 transactions. There is a fixed amount of 100 million tokens WAVES emitted. In each block, forged, and miners can be rewarded solely through transaction fees. For this reason, it is essential that there is a significant number of transactions on the network.