Waves : What's the hype all about? From Tech to Investment, All you need to know! #Waves-NG

in #waves7 years ago (edited)

This is a detailed article of everything you need to know about Waves Platform, it's market performance, roadmap etc. This article will mostly shed light on the investment opportunity and the potential it holds. I believe it is necessary to write this article because Waves is one of the best coins out there and it is extremely under-valued in my opinion. This probably a great opportunity to utilize as we approach Waves-NG and other development updates.

I am certainly not luring you to invest in Waves (it doesn't benefit me in any way), I am just trying to remind you that watch out for this coin.

Let me introduce you to what Wave Platform is and why I am so confident of it's future.

Waves Platform

The Waves Platform is a global public blockchain platform, founded in 2016. It is a versatile 2.0 platform that allows users to trade tokens of value on a fully decentralized network. The Waves platform is described as a Open Blockchain platform that focuses on custom blockchain tokens operations.

Waves takes the functionalities of Bitcoin and extends them further beyond the simple application of value transfer. The idea is not to create a replacement for Bitcoin, but rather a platform where Bitcoin, cryptos, fiat currencies, and all types of real-world commodities and assets can be issued, transferred and exchanged in a fully decentralized manner. The Waves platform also provides a crowdfunding solution through its liteclient wallet.

While centralized crowdfunding platforms are relying on third parties to maintain them, they are in turn risking loss and raising costs proving more problematic for users. WAVES, on the other hand, allows the transfer, swapping and trade of custom tokens by individual users – on a peer-to-peer exchange. This allows for the moving of payment systems directly onto the blockchain- hassle free.

Mission

Waves Platform’s mission is to reinvent the DNA of entrepreneurship around the world by providing a shared infrastructure, offering easy-to-use, highly functional tools to make blockchain available to every person or organisation that can benefit from it.

Wallet, Transaction Speed

One of the great features of Waves is that there is no need to download the blockchain as the end-user client is light weight. You don't have to download dozens of GB data or sync for days. Wallet can easily be installed from Chrome Store.

To Install you wallet go to:

lite wallet
Official Web Wallet here.
Mobile Wallet

In addition to Waves tokens, thousands of other kinds of tokens have also been released on the platform, many of which have gone through an ICO and have huge potential. They support fiat money ($, €) as well as cryptocurrencies such as bitcoin, ethereum, ethereum classic, and more.

Waves has a high network speed with hundreds of transactions per second and only a small commission fee, which makes it as convenient as possible to transfer cryptocurrency between people instantly.

Mining

Waves uses a proof-of-stake algorithm. To start mining, all you need to do is to download and launch the node, and have 10,000 WAVES in your wallet.

Leasing

Any sum of WAVES can be leased to miners to generate interest in return you get a share in profits. You can cancel a lease at any time with just two clicks.

Decentralised Exchange (DEX)

This is interesting. You don't have to worry about the safety of your coins. By trading on a centralized exchange, you risk losing your funds in the event of a hack, which has happened on almost all popular exchanges.

Waves DEX is powered by a matcher, which stores user orders and sends token exchange transactions for fulfilled orders. All final settlement is carried out on the blockchain for security. There's a lot going on in their New DEX project which is I believe will be released soon.

There are no restrictions on the withdrawal of funds from the DEX. As soon as your transaction is complete, the cryptocurrency will appear in your wallet.

Waves DEX fees are very minimal. The commission per order is 0.003 WAVES.

Waves Fiat Gateway

Waves fiat gateways are run by compliant gateway operators, which are organizations like payment providers. Users can easily convert their fiat currencies into tokens on the Waves blockchain. You can buy with your Visa or MasterCard too.

Where to Buy/Exchanegs

Following are the list of Exchanges where you can buy or sell your tokens.

  1. Bittrex
  2. Open Ledger/BitShares
  3. HitBTC
  4. Changelly
  5. TIDEX
  6. Kuna
  7. LiteBit
  8. COSS
  9. LiveCoin
  10. Liqui
  11. ShapeShift
  12. EXMO
  13. YoBit

Stats and Facts

Market Capital: $393,255,000
Circulating Supply: 100,000,000
Waves Price: 0.00068797 BTC
Website: https://wavesplatform.com/
Blockchain Explorer: http://wavesgo.com/
http://wavesexplorer.com/
Whitepaper: https://blog.wavesplatform.com/waves-whitepaper-164dd6ca6a23
ANN: https://bitcointalk.org/index.php?topic=1387944.0
Forum: https://wavestalk.org/
Twitter: https://twitter.com/wavesplatform
Slack: http://wavesplatform.herokuapp.com/
Reddit: https://www.reddit.com/r/Wavesplatform/
Facebook: https://www.facebook.com/wavesplatform
Developers: https://wavesplatform.com/developers

Waves Team: Sasha Ivanov CEO and Founder, Martin Spodymek Head Community Manager, Alexey Kiselev Back End Developer, Sergey Ishchenko Front End Developer.

List of ICO's on Top of Wave Platform

Following are the list of ICO's. Many of them are over and some are running.

  1. MobileGo
  2. ZrCoin
  3. Assetron Energy
  4. EncryptoTel
  5. Starta
  6. Primalbase
  7. Oceanlab ICO
  8. Kuna
  9. Waves Community Token
  10. Incent token
  11. Darcrus token
  12. Impak Coin (MPK) token
  13. MoneyTech (MT) token
  14. CryptoPing token
  15. Sentigraph (Graph) token
  16. Suretly (SUR) token
  17. Monster Byte token
  18. onG.social
  19. Monkey Capital (MNY) token

For a detailed list of ICO's please visit http://wavesgo.com/icos

Upcoming Updates/Development

Waves-NG

First thing first :)

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Waves network is implementing a ground-breaking new protocol that will allow its blockchain to process hundreds of transactions/second. Waves-NG is a next-generation consensus algorithm, based on the Bitcoin-NG proposal made by Cornell Computer Science academics Emin Gün Sirer and Ittay Eyal.

There's been a lot of buzz off lately about NG protocol activation. So much so that Emin Gün Sirer himself responded to the news via his Twitter account.

Bitcoin-NG was designed to address bitcoin’s scalability issues, increasing network throughput to hundreds of transactions per second. Waves-NG adapts this proposal to Waves’ proof-of-stake consensus, and is the first ever implementation of the protocol in a production blockchain system.

You can keep an eye on the latest updates on NG-protocol activation here.

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Liquid Democracy Applications

WAVES to create a decentralized, secure & fast form of blockchain-based voting system. A collection of organisations and platforms are working together to design and build a fair, transparent and anonymous voting system. Waves platform will participate in the creation of a new form of blockchain-based voting system, characterized as “liquid democracy”. The project is a collaboration between a number of different organisations and research groups such as;

For more details on this project, please visit: Waves to collaborate in “liquid democracy” applications

Investors/Companies Partnerships

Deloitte - In 2017 waves partnered with Deloitte to launch the development of a legal framework for wider adoption of blockchain technologies.

Gazprombank Digital - Russia’s third largest bank, has signed a memorandum concerning a strategic partnership with the Waves Platform.

Russian National Settlement Depository - Waves to Develop Digital Asset Platform for Russian National Settlement Depository
Russian billionaire announces business incubator on Waves platform
Liquid.pro - Liquid.pro to record all stock options orders on the Waves blockchain platform
Waves helps Kazakhstan to become the second country regulating the cryptocurrency

For more details on Partnerships visit here

Waves Vs Ethereum

Waves intend to impact fiat currency transfers and crowdfunding markets on the blockchain. It also provides smart contracts, but they are unlike the Ethereum ones.

Here, smart contracts are written by built-in plug-ins, making the entire process easier. Waves make certain things simple by using plug-ins; things which if done on Ethereum, could be very lengthy and complicated.

Market Performance

Highes Price ever touched: 6.03 USD
Lowest Price ever touched: 0.13

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NoSourcePairVolume (24h)PriceVolume (%)Updated
1.TidexWAVES/BTC$2,311,440$3.9638.44%Recently
2.BittrexWAVES/BTC$1,569,160$3.9626.10%Recently
3.YoBitWAVES/BTC$493,500$3.978.21%Recently
4.Waves DEXWAVES/BTC$475,641$3.817.91%Recently
5.ExmoWAVES/BTC$247,216$3.934.11%Recently

Opinion/Conclusion

No one should tell you when to buy or sell. If you feel that Waves is undervalued and has the potential to be worth a lot more in the future (which i personally do) then buy otherwise sell or stay away. I personally have invested in this project because I believe in it.

They are doers.

This is probably the only coin making a lot of improvement into their tech and they are very serious about it. There's always something going on in their development. This is one project to look for. I believe it's very undervalued at the moment and probably will appreciate over time.

WAVES platform is being built with mass adoption in mind from the start. Overall, it’s an exciting piece of technology that is sure to be used by businesses and individuals alike and to expand the overall cryptocurrency user base

I also think that the Waves team needs delay their Waves-NG Platform announcement for the time being. They need to act very smart at this moment of time, perhaps sway a little. There's no wisdom in hitting against the wall. Let the Bitcoin Bulls reign over and then make the announcement otherwise no one would notice it. Waves team needs to make the right moves.!

I hope to see it out there turn green in a couple of days. Let me know what you think of this project.

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Thanks for mention - ASSETRON ENERGY.

You are welcome ! By the way, what's with the Australian energy market going after Crypto first PowerLedger and now Assetron. Is there any special connection? Tx

Nope, the idea of Assetron Energy came about start of this year. PowerLedger is a great concept, although not original, still great to have Australia in mind, as we have a big market here for renewable energy and a lot of sun =)

Its unfortunate tho, as they overshadowed us a little, with their ICO, as many people just hear Australia and Renewable Energy and assume we are the same or related, and not checking that we are completely different sides of a coin - us more focusing on the construction of renewable assets themselves and helping crowdfund renewable energy projects.

I wish you good luck and will keep any eye on the updates. Let's see what the future awaits. Tx

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