I just came back from the Waves Release Event in Amsterdam. In this post I would like to share with you some important information that I took away from the event.
Waves, current state
- Waves is around 1.5 billion in market cap, and is a "unicorn".
- Waves-NG will go live on December 22nd, which will scale its operations to 100 trx/s. It will make the blockchain more usable for real-world applications (eg. loyalty programs).
- Waves has a rebrand. Its logo looks more business like, and "cooler".
- Waves has partnerships with Deloitte and other leading law firms in the world. The partnership will result in a self-regulatory body for ICOs. The project is called Better Tokens, www.bettertokens.org. The goal is to provide better rules and regulations regarding ICOs to protect investors from scammers and low-quality crypto projects.
- New Waves client is released today. You can store fiat currencies, and transfer Euros and Dollars. It looks more like a bank application.
- In addition you can trade cryptocurrencies in a decentralized way, and create your own tokens.
Roadmap, Q1 2018
- Non-Turing complete smart contracts for the development of open blockchains that can compete with Ethereum's smart contracts.
- Will have hardware wallets.
- Sascha Ivanov believes that voting on the blockchain will be a huge thing going forward. Waves will have decentralized voting so that people can for example rate ICO projects on Waves. We will also see decentralized rating agencies on Waves.
- Messaging will be available as well.
Roadmap, Q2 2018
- Atomic Swaps so that cryptocurrencies can directly move from one blockchain to another when trading.
Roadmap, Q3 2018
- Off-chain messaging.
- The implementation of off-chain protocols that will allow 1000s of trx/s.
Roadmap, Q4 2018
- Have a lite clients.
- Turing-complete smart contracts for distributed computations. Waves smart contracts can be coded in any language.
In addition
- The physical presence of Waves will be expanded extensively. There will be Waves offices in partnership with Primalbase: Moscow, Amsterdam, New York, Berlin, Seoul, and more to come.
- Waves will have a Waves Lab from next week on. It will help finance and launch new blockchain projects. It provides self-regulatory guidelines and funds for new projects.
- Tokenomica has been approved by the Monetary Authority of Singapore several days ago. It is the first investment bank on the blockchain, and helps a startup to do a full ICO in a compliant way. It will be launched by February/March 2018.
If you enjoy reading this article, please consider following me. I mainly write about philosophy, economics, and my travels.
Wordpress: www.chhaylinlim.wordpress.com
hopefully this is true, and hopefully victorious with high expectations
Yes, I hope Waves can fulfill its promise.
Aameen😇
Yes yes ! GO Waves! I can't explain why exactly, but I have super high hopes for this platform
Thank you for your comment. Follow them on Twitter and don't miss any news. :)
Thank you for the tip 🤗
I've been hearing about Waves for some time now. Guess it's time to do some research. Thanks for te info !
You're welcome! :)
Waves Roadmap, Q3 2018, over 9 months away: capacity for 1000s of Tx/s
Actual on-chain capacity for Steem blockchain:
0.27% load at 788,009 Tx/day = max 291,855,185 Tx/day = 12,160,632 max Tx/h
capacity = 3377 Tx/s
source: http://www.blocktivity.info/
Right now, already proven, fully functional, with a cool use case (social blogging platform, built on top of the chain).
Shouldn't STEEM be a unicorn (1B$ market cap)?
Yeah! I think Steem will get there soon with its Smart Media Tokens. :)