Waves WAVES

1. Summary

Ranks

Liquidity

98

Developer

54

Social

98

Momentum (beta)

44

Stack Rank™

63

Price

$2.57 -1.8%

Market Cap

$256.75M (#237)

Supply

100.00M / 100.00M

Tags

Smart Contracts Solana Ecosystem Ethereum Ecosystem DWF Labs Portfolio Proof of Stake (PoS)

More Metrics

Price
52W High price	$3.14
52W High date	20th Feb 2023 (1 year ago)
All Time High (ATH) Date	31st Mar 2022 (2 years ago)
ATH Price	$61.30
% From ATH	-96.43%
All Time Low (ATL) Date	2nd Aug 2016 (7 years ago)
ATL Price	$0.13
% From ATL	1573.15%

Supply & Trading Volume
Trading Volume (24h)	$20.40M
Total Supply	100.00M
Circulating Supply	100.00M

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Description

Waves is a blockchain that is designed to enable users to create as well as launch custom crypto tokens.

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Waves is a blockchain that is designed to enable users to create as well as launch custom crypto tokens.

It essentially allows for the creation, as well as the trading of crypto tokens without a need for extensive smart contract programming. Tokens can be created through scripts, which run in user accounts within the Waves blockchain itself.

These assets are then designed to trade within the entire Waves ecosystem, which has its own decentralized exchange known as the Waves.Exchange.

This exchange was made to facilitate the trade between tokens that are created on the Waves blockchain with other WAVES tokens.

The mainnet was equipped with smart contract functionality in 2018, and this enabled third parties to build decentralized applications (dApps).

The WAVES DEX is one of the world’s fastest decentralized cryptocurrency exchanges where you can create your own newly created coin in a trading pair with any other WAVES token within a matter of seconds, and the platform integrates an automated matcher to pair buy as well as sell others and exchange the tokens when all of the orders are fulfilled.

In the Ethereum network, developers need to pay fees in the form of GAS, which is its internal cryptocurrency. This fee was intended to ensure no subpar enters the blockchain and reduce the functionality, however, Waves eliminates gas fees and replaces them with a flat fee. This means that developers can create robust dApps.

The WAVES Token Explained

The WAVES token is the main cryptocurrency that is used on the network. WAVES tokens are tokens that you can put up in order to create new tokens or stake for rewards. This way, the coin is a versatile cryptocurrency.

Features of Waves

Waves differentiate itself by allowing two types of node to run its software, and these are full nodes and lightweight nodes. Discussing full nodes, they keep a complete history of all of the transactions. Discussing lightweight nodes, they depend on the full nodes for transaction confirmations and interactions within the network.

Waves use a variation of the proof-of-stake (PoS) consensus mechanism seen in many blockchains, however, this one is called leased proof-of-stake (LPoS). Any node that decides to lock up tokens can be eligible to add blocks onto the blockchain. This depends on the number of coins that a node has locked in their special contracts. Nodes also have the option to lease their balance to full nodes, which means that when a full node is selected to produce the net block, and is compensated, the nodes which lease the tokens earn a certain percentage.

However, there is a protocol that determines which node gets this right to produce the next block, and this is known as the Waves-NG.

Waves-NG breaks up the Waves blockchain into two types of blocks, and these are the key blocks as well as the micro blocks.

The key blocks are created through a randomly chosen proof-of-stake miner, where a public key is used by other nodes to create micro blocks which include the transactions.

Founders of Waves (WAVES)

Waves was founded by Alexander Ivanov, which is also known as Sasha Ivanov. Before he created Waves, he released an exchange known as Coinomat, as well as an indexing site known as Coolieindex.

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