1. Introduction
Waves is a custom blockchain token platform designed for large-scale business and consumption habits. Waves was created to enable traditional businesses and end users to enjoy the benefits of blockchain technology. Waves’ platform was launched in 2016 and was originally designed to point out the shortcomings of existing blockchain services. The result is an enterprise-ready platform that emphasizes security, token ease of operation (create, transfer, and trade) and a straightforward user experience, as well as addressing key long-term issues such as transaction speed and scalability.
2. Project Introduction
Waves is an open source platform and decentralized environment for Web 3.0 applications, which provides a variety of specially designed tools that enable development and The process of running dApps becomes easy and accessible.
Waves was launched in 2016 by Sasha Ivanov and a core development team and has since released many successful blockchain-based solutions and has steadily grown into a rich and growing technology platform. Waves' technology is designed to meet the needs of developers and companies looking to leverage blockchain system properties including its security, auditability, verifiability, and trustless execution of transactions and business logic.
Project features
Unlimited transactions: There are no restrictions on withdrawals, and the purchase and sale of any digital currency can be instantly credited;
Transactions are safe and fast: Center Order matching, high concurrency enables transactions as fast as on centralized exchanges, but without the risk of losing money;
low handling fees;
funds are kept in custody In the user's own wallet, not on the exchange.
Decentralization concept
In the beginning, WAVES will focus on several core applications. The decentralized token platform will be a financial tool for crowdfunding and fundraising on the blockchain. Asset-to-asset transactions mean that any currency or asset can be used to pay network fees, minimizing the burden on end users.
WAVES has adopted the concept of colored coins at the beginning of its design. Anyone can crowdfund their projects on it, but WAVES will have a built-in credit system, and investors can get the credit of a certain project. shares, or a refund if certain conditions are not met. ”
When users or companies issue tokens, investors can buy these tokens directly. And they can also use bitcoin and fiat to trade with these tokens, or directly between different tokens Transactions. This not only enables the creation of customizable tokens in the core client, but also enables direct transactions between assets and assets, making transactions between asset tokens easier.
At the same time The WAVES blockchain also adopts the solution of centralized order matching, settlement and clearing on the blockchain. Centralized order matching can improve the matching speed, without the need to store matching data on the blockchain, and avoid blockchain expansion The clearing and settlement on the blockchain ensures the safety of the user's funds, because the funds are always in the user's own wallet.
Technical advantages
WAVES is positioned to allow the outside world Easy to use and a lot of applications. The network is built on the Scorex platform, using the current network state to replace all transaction history.
WAVES will use the improved PoS consensus mechanism, leased PoS (LPoS), to achieve Lightweight clients use their balances to maintain network security, leaving the tokens themselves to full nodes.
This dual architecture means that end users only need a lightweight client, which is easy to install. The interface is similar to existing online banking and transaction apps, and users are easy to use. New transaction types are activated through plugins. Other platforms will write the content of these transaction types into the core, which will lead to The emergence of hard forks. Any developer can deploy new transaction types, and any node can broadcast these transactions, whether they have plugins installed or not. This will form an app store ecosystem, and a very good flexibility.”
Token Information
Total: 100,000,000 WAVES
Circulation: 100,000,000 WAVES
Financing Amount: 85,000,000 WAVES
Total financing: 30,094 BTC
Funding: $16,010,008
Application scenarios
By introducing compliant gateways, financial institutions can use WAVES blocks Fiat tokens backed by real fiat currencies, such as USD, RMB, and EUR, are issued on-chain. These tokens can be sent to the world on the blockchain very quickly and cheaply (remittance services). Implement KYC (know your customer) supervision when fiat money flows into and out of the blockchain according to corporate regulations. Moreover, since these fiat currency tokens are backed by real fiat currency, they are equivalent to fiat currency in any case, thus avoiding the risk of drastic price fluctuations of cryptocurrencies such as Bitcoin, making it easier for mainstream people to use.
Unlike other low-level exchanges, when using Waves decentralized trading, there are no limits on withdrawals, and every cryptocurrency purchased appears immediately in your wallet balance.
Waves also features matchers and high channel capacity, which allows traders to complete trades as quickly as centralized trading, but without the risk of losing funds. And it is extremely secure, as funds are held in wallets, not exchanges; fees are also kept to a minimum, with only a small fixed commission per order.
Waves is not only beneficial to developers, on the other hand, it can enjoy the benefits of high network throughput, low latency and low fees, so it can issue its own blockchain tokens for corporate crowdfunding , loyalty programs, voting, and more. Of course, Waves is also suitable for traders, allowing assets to be safely stored on the local Lite client, while also being able to be traded quickly and securely on the built-in decentralized exchange (DEX). Most importantly, Waves partnered with Deloitte. This will facilitate the development of a legal framework for wider adoption of blockchain technology.
