Waves (cryptocurrency)
| Waves | |
|---|---|
|
|
| symbol | WAVES |
| Publishing year | 2016 |
| founder | Sascha Ivanow (CEO) |
| developer | Sascha Ivanow, Tatiana Tsiguleva,
Igor Pavlov, Artem Kalikhow |
| Blockchain | Waves-NG |
| Mining | Proof of stake |
| Website | https://wavesplatform.com/ |
Waves is a Proof of Stake based cryptocurrency . The Waves development team operates the open-source, decentralized trading platform Waves DEX. Waves is also developing the private blockchain solution Vostok.
Cryptocurrency
The cryptocurrency Waves was released in 2016 to address shortcomings in the cryptocurrency Nxt . Waves is a second generation cryptocurrency. Unlike first-generation cryptocurrencies such as Bitcoin or Litecoin , Waves uses the Proof of Stake (PoS) mining concept . At PoS, a consensus on blockchain transactions is not achieved by solving mathematical puzzles, but by providing waves.
Waves hit an all-time high in December 2017 with a market cap of $ 1.7 billion. On April 18, 2019, the Waves price on the Binance crypto exchange plummeted from over $ 2 to well below a dollar cent. The price slump was the result of a sell order with a volume of 500,000 waves.
Decentralized trading platform
Waves DEX is an open source, decentralized trading platform for cryptocurrencies that was founded on April 12, 2016 by the Russian physicist Sascha Ivanow . Waves Platform AG was entered in the Swiss commercial register on November 20, 2018.
Waves DEX is based on the functionality of the Nxt platform. In contrast to Nxt, Waves DEX allows the introduction of new functionalities with plugins. In this way, different functionalities can be used without having to change the blockchain software itself. This reduces the risk of splitting into two blockchains.
Waves DEX allows end users to create their own cryptocurrency for a fee of one Waves.
Waves DEX is available as a web application and as a desktop application . Both applications can be accessed via the Ledger Nano S and Ledger Blue cold wallet.
The transaction costs for trading cryptocurrencies are 0.003 wave regardless of the order volume.
Vostok
In April 2018, the Waves development team founded the Vostok project to create a private blockchain. In December 2018, the Waves development team raised $ 120 million from public and private investors.
Waves CEO Sasha Ivanow said Vostok is a "decentralized network for storing data cost-effectively". Like public blockchains, private blockchains are very secure. Due to the low number of users, private blockchains are many times faster than public blockchains.
Web links
Individual evidence
- ↑ Sarah Rothrie: Bees, Bud And Business: Top Projects Surfing on the WAVES Platform. In: Crypto Briefing. July 31, 2019, accessed August 18, 2019 .
- ↑ Waves. In: Coinmarketcap. Retrieved on August 16, 2019 .
- ↑ Ilia Nikolaev: Waves Price Crash: WAVES price falls 5200 times on Binance. In: Cryptomonday. April 18, 2019, accessed August 18, 2019 .
- ↑ a b Sasha Ivanov. In: Crunchbase. Retrieved August 18, 2019 .
- ↑ a b Ilya Khrennikov: Waves Platform Raises $ 120 Million for Private Blockchain. In: Bloomberg. December 19, 2018, accessed August 18, 2019 .
- ^ Waves Platform AG. In: Moneyhouse. Retrieved August 18, 2019 .
- ↑ About Waves. In: Coinmarketcap. Retrieved August 18, 2019 .
- ↑ Oscar Williams-Grut, Rob Price: A Bitcoin civil war is threatening to tear the digital currency in 2 - here's what you need to know. In: Business Insider. March 26, 2017, accessed August 18, 2019 .
- ^ Waves (WAVES). In: Ledger. Retrieved on August 16, 2019 .
- ^ Start trading on the Waves DEX. In: Waves DEX. Retrieved August 17, 2019 .