Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability and speed of IT systems.
Waves is an all-encompassing gateway blockchain protocol advancing technological frontiers of today for the pioneering developers of tomorrow. Leveraging their practical and powerful Waves protocol, they offer a developer-friendly infrastructure as an experimental ground for innovation. This has led to an increase in WAVES price.
The Waves protocol’s smart contracts enable changing the default behavior of accounts and assets. Using smart contracts on Waves, you can also create a dApp. Try Integrated Development Environment to see how it works.
Ride is Waves’ functional purpose smart contract language for dApp development. It is designed for applying scripts to assets and accounts on the Waves blockchain, as well as for creating sophisticated programmable logic for a decentralized environment. Waves has a unique approach to decentralized application development whereby the absence of gas and non-Turing complete language help to keep the system secure and predictable.
Waves security is guaranteed by time-proven Proof-of-Stake consensus with more than 300 nodes all over the world. Ride language’s tech stack design avoids programming mistakes potentially leading to serious errors. Interaction with blockchain-enabled applications is seamless and safe.
Leased Proof of Stake (LPoS) is an enhanced proof of stake consensus algorithm that allows you to lease your tokens to a Waves node, earning a percentage of the node payout, as a reward.
The blockchain industry consists of various isolated mini-ecosystems, all serving different but overlapping purposes. Solving this fragmentation and interconnecting the cumulative functionality of our industry is one of Waves’ key points of focus. Rather than to try and squeeze everything in one chain, the solution lies in inter-chain interaction that is truly blockchain-agnostic, without a new native token, but with its tokenomics based on the respective economies of participating chains. Explore Gravity — a decentralized cross-chain and oracle network.
The major problem that oracles solve is that blockchains can only access data stored within the blockchain. Oracles provide connection with real-world data. Developers can explore existing oracles or build your own. Gravity, a decentralized cross-chain and oracle network powered by Waves, designed to set the data transfer form outside world and different blockchains.
Let us review WAVES price.
WAVES Price Prediction
WAVES is currently trading just below the resistance of $13.75. Once it breaks this resistance, we could start seeing a move towards $15.09. If the resistance at $15.09 or $13.75 gets rejected, we could start seeing a move down towards $11.20 and $9.22. If the resistance at $15.09 can be flipped to support, we could start seeing a move towards $16.41, $19.67, $22.31, $24.95, $28.71 and $33.49.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.