WAVES is a decentralised blockchain platform which focuses on custom blockchain tokens operations. The blockchain maintains national currencies transfers through compliant gateway operators. Founded in 2016, WAVES has the vision to provide a shared infrastructure for entrepreneurs around the world by offering them easy-to-use, highly functional tools that will enable blockchain to be available to every person or organization in need of the technology. WAVES was previously listed on OKEX and has been recently listed on Huobi Pro on June 22 with the trading pairs WAVES/BTC and WAES/ETH.

WAVES is currently trading at a price of $2.48 (as on 29 June 2018) with a market cap of $248,064,000 USDand ranks 42 as per the data from CoinMarketCap.

WAVES uses the fastest consensus protocol on existence: WAVES-NG which is based on the proposal by Cornell University and is called the Bitcoin-NG proposal. What is so special about this algorithm is that the next miner is chosen in advance unlike that of Bitcoin’s system wherein the pending transactions are added to a block retrospectively. This makes the mining process very efficient as the miners can add transactions to the block almost instantaneously or as fast as the network latency permits. As a result, WAVES can process about 6,000 transactions per minute. After WAVES-NG, WAVES is implementing WAVES Smart contract:

Operations on WAVES Smart Contract:

· Mulitsignature accounts: two or more users need to approve a transaction before making a transfer. This provides added security to the team and for finance management without giving control to any one individual.

· Token freezing: one can send a token to the user but it is non-transferable or non-usable for a period of time. A use case is that of an ICO wherein the co-founders can deploy such a smart contract to refrain the team from spending their tokens for a certain period.

WAVES Wallet

WAVES Decentralised exchange (DEX)

Apart from WAVES-NG consensus protocol and Smart Contract offerings, WAVES offers a fast and a secure decentralised exchange (DEX). The nodes of WAVES contain an order matcher which powers the DEX enabling token trade that doesn’t require tokens to be transferred from your blockchain account to a separate exchange. Since DEX is open source and a part of every node, each user can run their own instance of the DEX. Usually the administrators decide which pairs should be traded on the centralised exchanges. But with WAVES’ DEX, one can trade any token pairs that are available on the blockchain.

Moreover, there exist no limitations on the withdrawal of the funds from DEX. The cryptocurrency appears instantly in your wallet as soon as the transaction is completed.

2H 2018 Major Node Updates in ROADMAP

Releasing non-Turing complete smart contracts on Mainnet in June 2018.

Turing complete smart contracts will be released in H2 2018.

A major node update, with Fair PoS and data transactions in H2 2018.

Sponsored transactions and hardware wallet integration to be introduced in H2 2018.

Having already established partnerships with LegalThings, MageWorx, Guarda, Astana International Financial Centre (AIFC), and TMT Blockchain Fund this year, new partnerships are to be introduced in H2 2018.

WAVES-NG with already being the fastest open blockchain protocol in existence, supports hundreds of transactions per second, which is an order of magnitude more than most other blockchain. But such a magnitude is still not sufficient to compete with mainstream, centralised platforms such as Visa.

However, WAVES is certain that it can optimise further which will allow them to support 1,000 transactions per second. Introduction of sidechains will improve further scalability allowing any degree of scalability. In a nutshell, with its myriad innovation and upgradation, WAVES offers a very unique solution to the problem of scalability currently existing in the blockchain technology. You can invest in WAVES by logging into Huobi Pro.

-Pankhuri Bansal