Ride the WAVES: Fastest Blockchain in the world!
WAVES is a cryptocurrency that is.. ahem.. making WAVES in the world of blockchain!
The project is centered around the creation of a free, perfect and instant blockchain. The team wants to reinvent the DNA of entrepreneurship and power it through shared infrastructure. The platform provides easy to use and highly functional tools for bringing blockchain to all types of users and industries.
The coin even operates its on Decentralized Exchange, known as DEX, which is used for facilitation and conversion of cryptocurrency transactions. DEX is considered a lite client, so it has an interesting system as it acts as a wallet and an exchange. Development on the platform is flexible and focused on providing a dynamic use case for ICO teams. This is in contrast to the team's belief that many blockchains are often designed for low-level solution work.
What is behind the WAVES network?
The WAVES network has a high throughput capacity with low latency and transaction fees. Holders of the WAVES token can also generate interest, while a sum of Waves can be leased to miners as well. Traders should enjoy the quick and built-in decentralized exchange system while organizations are able to issue their own tokens for crowdfunding, loyalty programs, voting and more.
The Waves team has also designed the blockchain to operate in a hybridized decentralized/centralized way that is able to enhance security of the network and protect your funds. Through the use of a Centralized Matcher, user transactions and orders are stored and initiated. Only the order list is kept on the centralized matcher and are transferred over an encrypted channel and are hidden from view until the moment the transaction is made.
The Consensus Mechanism and Partnerships
The consensus mechanism is based on Proof of Stake, so users can download and launch nodes as long as they are holding a minimum of 1000 WAVES in their lite wallet. At this time, the WAVES project has struck partnerships with some reputable companies such as Deloitte, which is planning on launching the development of a legal framework based on the WAVES platform. Along with this, WAVES has struck partnerships with MobileGo and Primalbase.
WAVES is a promising project with the potential for greatness. You can get started by signing up for an account on the WAVES network, which is currently in its beta phase. Once you have your wallet set up, you just have to fill it with Bitcoin, Ethereum, Litecoin or ZCash to convert it into WAVES.
So thats the end of this WAVES ride... (bad joke I know)... but do check it out!
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