The Waves Platform, a decentralized crowdfunding platform developed in Russia, has announced that its initial ‘bootstrapping’ of the network and ecosystem is now complete.

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The developers say that a series of new features will be integrated into Waves to enable high transaction throughputs. These include: an adapted approach of Bitcoin NG-like mining for Waves; authenticated data structures that will allow users to store only token data that is important to them; smart contracts based on lessons learned from Ethereum; and multi-signature transactions as well as anonymous transactions.

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Waves’ smart contracts will be non-Turing complete, a generalization of the Bitcoin scripting that encompasses most of the same functionality.

“Together, these measures will make Waves truly unique. It will be suitable for high-throughput use cases, with the business logic and security features that are fundamental to the confidence that mainstream organisations need in a blockchain platform,” comments Waves CEO, Sasha Ivanov. “As a result, Waves will be better positioned for real-world applications than any other open blockchain.

Alongside all of this, the Waves ecosystem is steadily expanding. New partner organisations are coming on board, new fiat gateways are being organised, and a compliant token crowdfunding platform, Tokenomica, is being launched. Business development is taking off. Waves is the foremost blockchain platform in Eastern Europe, and we are gaining a lot of interest from all walks of life. We are very excited about the future of Waves, and of blockchain technology in general.”