Waves (WAVES) - platform and cryptocurrency looking to win against Ethereum

Cheaper, according to many better and having much more options. The Waves platform is undoubtedly more modern than Ethereumbut it still can't get close to its value. Is it even possible? The creators and supporters of the project say it is only a matter of time. Over 19 have already been created with Waves. new tokens!

We continue the Forex Club portal cycle in which we describe the most valuable, the most interesting, the most controversial and the most known and original cryptocurrency projects from around the world. Today, it's time for the Waves network and cryptocurrency, which breaks into the forefront of blockchain-based projects.

Waves - network, cryptocurrency and exchange

The Waves platform offers users not only a network that allows, for example, to run their own ICOs to sell tokens, but also a cryptocurrency of the same name and a decentralized cryptocurrency exchange Waves DEX. The network beats Ethereum in terms of scalability, it is also cheaper for users, but for now it cannot catch up with protoplasts in terms of popularity or capitalization.

How the network was created

Alexander Ivanov, creator of Waves.

So think Alexandra Ivanova from Russia, which previously founded the Coinomat cryptocurrency exchange and co-created the Nxt platform. Experience from the blockchain technology market helped him work on a new project that was to guarantee high speed from the beginning  transactions, intuitive operation and high scalability, which will also reduce costs.

Project development was financed through ICO. Tokens were sold from 12.04.2016/01.06.2016/0,18 to XNUMX/XNUMX/XNUMX. For each one had to pay approx. XNUMX USD (calculated, because they were exchanged for them only) Bitcoiny). The collection ended with a collection of USD 16 million for development, which was astronomical at that time. It was the second ICO, but also the sixth largest crowdfunding campaign in world history. Even Ethereum collected less (USD 14 million).

Thanks to this, in 2016 the Waves network operated, on which one could create own tokens and nodes. In April 2017, the Waves DEX cryptocurrency exchange was launched, where cryptocurrencies could be bought not only for Bitcoins, but also euros and dollars.

How the network works

The Waves blockchain network is based on the Proof of Stake consensus algorithm, which means that no more units can be kicked out, such as Bitcoin. All tokens are traded (there are 102 million), and nodes are responsible for confirming transactions. Anyone with a min. 1 thousand tokens that he chooses to freeze. The platform can process up to 100 transactions per second, which is several times more than Ethereum.

The biggest advantage of the platform is its intuitiveness. Even not very experienced users will be able to create tokens, because you do not need to be a programmer. This translates into the process of creating new tokens, which have already been created on Waves ... over 19 thousand! To create them, you do not need to program a new smart contract, which is a barrier in Ethereum.

WAVES token listings

Currently, Waves tokens can be traded on 53 cryptocurrency exchanges around the world. As of 09.07.2020, you will have to pay USD 1,17 for each token. With over 102 million tokens, this gives a capitalization of over USD 120 million. This is much less than in the peak of quotations that took place on 19.12.2017, when Waves cost USD 18,07, which translated into a capitalization of USD 1,8 billion.