Waves (WAVES)

The exchange rate of one WAVES at 14:35 UTC is 2.453$

Chart | Average rate

The “Waves” platform was launched on 12 April 2016. Its creator is Russian entrepreneur Alexander Ivanov, who previously founded the Coinmat cryptocurrency exchange and collaborated on the development of the NXT platform. The funds to start the project were raised through an ICO. Thus, $16 million was raised already at the start. This was a very good result, as by comparison, during the pre-sale of Ethereum tokens, $14 million was raised.

Waves characteristics

Waves is a decentralised platform that allows you to create your own investment funds. Thanks to Waves, each user can independently issue tokens, which, depending on the idea, can have various uses. The most common is to conduct crowdfunding campaigns, charity actions or produce your own coins in the loyalty program.

This means that waves can be seen as a competitor to Kickstarter (the ability to create crowdfunding campaigns) and a competitor to Ethereum, as smart contracts can also be created here. The purpose of waves is to issue, transfer and exchange goods, services and even fiat currencies in a fully decentralised manner.

Waves specification:

- Waves is immune to inflation as it is limited to 100 million units.

- The platform is built on a decentralised blockchain transaction registry.

- It is based on an open-source code and built on a proprietary code that was inspired by the NXT platform and the Bitcoin-NG solution.

- The network is based on the proof-of-stake principle.

- No mining is possible.

Waves scored a big gain on the first half of 2021, reaching an ATH of over $41 in May. Waves' market capitalisation is not very large compared to other top cryptocurrencies. Waves is ranked 67th in the market capitalisation ranking (as of August 2021).

Waves summary

Waves allows to create digital tokens without the need for complex programming work done with a smart contract as is the case with Ethereum. This makes it much easier to create your own digital currency with Waves. Moreover, waves is characterised by relatively attractive transaction costs and good speed of transactions.

Although the barrier of entry to creating your own digital currency with Waves is much lower, (as no programming skills are needed) the popularity of Ethereum is still higher. Waves does not have such a large and dedicated community. Despite this, it can be expected that this is a project that will continue to grow, as Waves is overseen by a strong development team. This gives hope that it is a project that may surprise positively in the future.