As of the latest update, the current price of WAVES is $ 2.33, with a 24-hour trading volume of 31.4M. In the last 24 hours, it has increased by +1.52%.
Waves is an open-source blockchain protocol designed for Web 3.0 applications and decentralized solutions. The platform aims to enhance the speed, reliability, and security of IT systems. It facilitates the development of blockchain-based applications in an attempt to promote mass adoption of blockchain technology.
Waves was created by a team of experts in the blockchain field, led by Alexander Ivanov, a Russian entrepreneur. He and his team launched the platform in 2016 with the aim to revolutionize the way blockchain technology can be used in daily operations.
Waves operates on its own blockchain. It allows users to issue their tokens or cryptocurrencies. Furthermore, it permits the creation of smart contracts, a self-executing contract where the terms of the agreement are written into code. Waves' blockchain is maintained by miners who process and validate transactions on the network.
Unlike many blockchain protocols, Waves offers a comprehensive development platform for Web 3.0 applications. It includes a high-redesignable wallet, a decentralized exchange (DEX), and a tool to release tokens. What makes it unique is its ability to host multi-currency wallets, providing wide opportunities for all sorts of transactions.
Waves uses the Leased Proof-of-Stake (LPoS) consensus algorithm. In this model, WAVES token holders can lease their balances to full nodes, which in return, share rewards with leasers after generating new blocks. This model empowers smaller WAVES holders to participate in the network's security and earn returns.
There are currently 100.0M WAVES tokens in circulation, out of a total supply of 100.0M tokens.
The security of the Waves network is bolstered by its LPoS consensus mechanism. Moreover, it leverages advanced cryptographic algorithms to protect users' assets and information. Any potential network malfunction or malicious activity is deterred by the consensus mechanism's design, which requires nodes to stake a significant amount of WAVES tokens to participate in the network.
Waves puts a focus on real-world applicability. With its tech-friendly nature, it offers numerous use-cases, like launching your own digital currencies, building decentralized applications (dApps), crowd funding, and even creating loyalty programs.
As of current data, the market capitalization of Waves is $ 233.0M, making it the #231 largest cryptocurrency.
WAVES can be purchased on several prominent cryptocurrency exchanges listed in our current trading platform list, which includes Binance, BitMax, Indodax, Huobi, KuCoin.
Security always should be a priority when dealing with cryptocurrencies. It's advisable to use secure wallets to store your WAVES. You might also consider hardware wallets, which are regarded as the safest type of wallet available. Always keep your private keys private and ensure the security of your password. Regular updates to your wallet's software will also contribute to your security.
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