What is Waves (WAVES)? Waves is a platform that acts as a “Blockchain for People”. It is designed to enable users to store, trade, manage and issue their own digital assets in a safe and easy way.
The platform provides benefits to investors, traders, developers and organizations.
POS (Proof-of-stake) technology employed in Nxt was used as a model for the Waves blockchain. Its principle is to distribute profits between token holders without the participation of third party mining capacities.
The Waves implemented a modified Bitcoin-NG protocol. It was developed by professors from Cornell University to solve the problem of Bitcoin scalability. Based on it, developers created the Waves-NG protocol which provided excellent technical capabilities of the platform. First of all, an enormous network capacity - about 1,000 transactions per minute.
Another important part of Waves is its own decentralized exchange (DEX). DEX allows users to trade their tokens, including Waves, BTC, and any other assets issued on the Waves platform. They can do it without verification and with no need to transfer their funds to a centralized exchange.
The Waves project was founded in March 2016. CEO and founder of the Waves project is Alexander Ivanov. Alexander became interested in technology of blockchain with the release of the very first cryptocurrency. From the very beginning he was engaged in the development of software for payment systems. His first blockchain-based project was Coinomat which allowed to make instant cryptocurrency exchange between users. His next startup was his own decentralized platform with p2p crypto-exchanges.
The team also includes:
Let’s say you want to buy Waves. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy WAVES.