Waves: a thorough overview

Waves Platform is a technology built for companies and developers. It guarantees security, verifiability and the execution of transactions and programming logic.

in 2016, Alexander Ivanov, a Ukrainian entrepreneur, started the blockchain platform Waves. The launch campaign generated an impressive sum of $16 million. Therefore, making it one of the largest earners through crowdfunding.

What’s so special about it?

The Waves Platform is an open network for Web 3.0 applications and custom decentralized solutions. The network allows users to issue a cryptographic token within a minute. It also creates a medium to raise funds through a crowdfunding campaign. You can access the platform, using Google Chrome or by downloading the Waves application and installing it.

The platform aims to create an ecosystem that facilitates the shift from centralized systems to decentralized systems. Accordingly, emphasizing the user’s control of their funds and assets, personal data, and privacy.

The platform’s design is all about making the process of developing and running dApps easy and accessible. It created DEX, the first decentralized exchange in history, which allows users to trade any pair of tokens without conducting a transaction through an intermediate currency.

In 2018, the Waves development team created the first implementation of smart contracts. Then it released the RIDE programming language and the mainnet of Waves Enterprise. It’s a global private blockchain solution.

The network partnered with Blockpass to ensure users enjoy a better sense of control over their information. Recently, the network also announced platform announced that it will provide support for Ethereum-based (ETH) ERC-20 tokens.

In the past, the network also held discussions with Malta’s government concerning how the platform could be used in both government and corporate sectors.

Why choose Waves?

The following are facts that reveal why users should opt for the Waves Platform.

Firstly, it’s open. Thus, users can use all the opportunities of Waves’ advanced technology for free and support the development of the next-generation Web.

Secondly, it is secure. The network is built with a stack designed to avoid programming mistakes that can lead to serious errors. It can interact with blockchain-enabled applications seamlessly and safely.

Thirdly, it’s instant, users get instant access to a digital economy with flexible, built-in token functionality. This includes smart assets with programmable conditions attached.

Fourth, it is accessible. It ensures that the users can start easily commence online courses, workshops, hackathons and support for developers.

1 COMMENT

  1. Waves platform cannot be a reliable partner, they are working with Alexander Kuzmin. His Mycelium Wallet stole hundreds of thousands of dollars from its users.

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