In Focus: Waves - A Complete Overview

The cryptocurrency disruption has taken the world by a storm in the past few years and has led the coders around the world into a crypto-rush. Unarguably, what would have been a much needed sustainable change to the existing legacy technologies has been handled with a sense of urgency. However, one organization has made its mission to consolidate its position in the cryptosphere by forming a strategic and well-knitted web of services that takes blockchain to the people – Waves platform. Waves is an open blockchain platform – similar to the bitcoin blockchain. The goal of the blockchain is to create an exchange of digital assets while also providing a crowdfunding solution.

Notable Features:

Easy to use: Waves platform is very intuitive with a familiar and easy to use UX. The Chrome app and mobile apps are convenient and do not require users to blockchain download.

Low Fees:Each transaction comes with a cost of 0.001 WAVES only.

Fiat Transfer: Fully compliant licensed gateway that provides access into and out of the blockchain.

Fast: Waves has a one minute block time and can handle up to 1,000 txs per second.

Easy Token Generation: Users can create new tokens at any time with a simple, hassle-free​ process that only takes just a​ ​ few minutes.

Crowdfunding platform: With easy token creation and good access to sell the tokens in quick time on their decentralized exchange (DEX), Waves has become one of the most sought out platforms​ for crowdfunding​.

Decentralized Exchange (DEX): Waves offers peer-to-peer trading platform within their client. Users enjoy near-realtime order matching and blockchain settlement for security by trading any pair of Waves tokens.

Smart Contracts: Waves are working on the non-turing smart contracts in Q1 2018 and would get around the Turing smart contracts by the end of the year.

Atomic Swaps: The team is currently working on the implementation of atomic swaps that would result in the trading of ERC20 tokens on the platform by the end of 2018.

Please refer to the following deck for more detailed info on Waves and its structure here.