Price for today
1,466 USD -1,31%
0,00001526 BTC -1,31%
Name: Waves
Symbol: WAVES
Circulating supply: 0 $
Max supply: 0 $
Price: 1,46555 $
Volume 24h: 1088100 $
Market Cap: 164.094 M $
Percent change 24h: -1,3 %
Founded in 2016 by Alexander Ivanov, WAVES is a blockchain-based peer-to-peer platform aimed at accelerating the gradual shift towards decentralised applications. With a key focus on users full control of their digital funds, personal information and privacy, the platform creates an innovative environment for Web 3.0. systems and applications. This open network offers a variety of decentralised solutions and instruments for making the dApps development process accessible and easy. The platform is designed to effectively meet developer’s needs when building various blockchain solutions.
WAVES has approached its record highs, and more people are interested in investing. But why is this coin unique, and where can it be exchanged at fair rates anonymously?
WAVES is a blockchain for those interested in developing decentralized applications and programming and implementing smart contracts. It was created in June 2016 by Alexander Ivanov, and he sold it as a blockchain with increased transaction speed that is easy to use.
WAVES is the token of this blockchain, but users can create their own tokens. They can also engage in crowdfunding to start various projects. Another thing worth mentioning is that it was one of the first blockchains to start an initial coin offering (ICO).
Several months after the ICO, the WAVES price chart indicated a surge to almost $16 per token and then crashed. However, it maintained a high value afterward relative to its initial price. 2020 saw it once again rise in value starting at the beginning of 2020. Since then, its price has steadily grown. Those who invested in this token in December 2019 would have seen a significant increase in their portfolios.
The ICO resulted in 85 percent of the coins being sold to partners, developers, and various investors. It started as a fixed-cap token, but later the development team decided to remove the cap sometime in 2019. This may have had an effect on the token’s value because WAVES price USD steadily rose the following year.
New WAVES coins enter into circulation by mining, and for each block formed, a miner is rewarded 6 WAVES. The decision on whether rewards for mining are increased or decreased is voted on by users every 100,000 blocks.
This blockchain runs full and lightweight nodes. The former records transactions, while the latter are for confirming transactions and interactions within the ecosystem. It also uses proof-of-stake and leased proof-of-stake to keep the network synchronized. A leased proof-of-stake is a type of consensus mechanism to achieve distributed consensus to secure the network.
The platform utilizes Waves-NG, which enables the network to reach the highest possible throughput while increasing scalability. It also reduces transaction latency by helping to speed up transaction confirmation. As a result, transactions are confirmed in a matter of seconds instead of minutes or hours.
The most unique thing about WAVES crypto is that it was one of the first blockchains to be a marked improvement over Bitcoin. Thus, it made it appealing to business-oriented users. Among these improvements were smart contracts, the ability to create decentralized applications, and competitive transaction speed.
As mentioned above, Godex is one of the best places online to buy WAVES crypto. Follow the steps below to use their WAVES converter:
Unfortunately, Godex does not support WAVES to USD transactions, but it is a highly secure and anonymous service that respects your right to privacy.
