What Is Waves?
Founded in 2016, the Waves platform sports one of the world’s fastest blockchains‘, through which
it provides its users with the ability to create and trade their own blockchain tokens from a
decentralized exchange. To facilitate the transactions, their fee is paid through Waves’ eponymous
Being a completely decentralized network helps Waves in ensuring security, authenticity and
transparency for its transactions and for any tokens that have been created by the platform.
Waves aims to provide a blockchain ecosystem that allows ease of use and adaptability to its users.
For instance, the platform focuses to maintain an easy to operate user interface that makes the
creation of new tokens very simple and easy. In addition to that, Waves also assures its users that a
blockchain download is not necessary for them to start using the platform.
Through its native token, Waves, the company aims to fuel the operations of its blockchain along
with providing additional benefits to the token holders.
According to the company’s policy; any Waves token holders that keep their token for a specific
amount of time are entitled to receive interest over their token value.
As mentioned above, Waves is one of the fastest blockchain networks in the world, considered
through the number of transactions performed on it every day. From the perspective of its
counterparts, this distinction makes it a strong product to compete with.
How does Waves work?
Users can easily launch their own cryptocurrency tokens by using the Waves platform and its wallet
functionality. The wallet also has a decentralized exchange which allows its users to trade tokens
using a peer-to- peer network. The transaction fee, for now, is as low as 0.001 Waves.
The Waves token is used to supplement operations on the Waves network. The functionalities allow
users to create their own tokens within a minute. The platform also provides additional tools for
mass token distribution.
These functionalities present Waves as being ideal for corporations that are looking to launch their
own tokens for a defined purpose and for the usage of crowdfunding.
The Waves platform uses a Bitcoin-NG based network consensus algorithm which it has dubbed as
Waves-NG after updating it for proof-of- stake networks.
It uses various gateways to issue blockchain based tokens by using fiat and cryptocurrencies through
The wallet’s decentralized exchange uses ‘Matcher’ nodes, which are centralized nodes that pair
orders and execute trades swiftly while the blockchain is used for ultimate settlement in order to
ensure the security of the process.
The History of the Team
Waves was founded by Sasha Ivanov, who currently serves as the company’s CEO. He was
previously involved with the Nxt platform and had also founded a cryptocurrency exchange called
In addition to Ivanov, Waves has a team of other experienced individuals and the details are
available on its official website.
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