Waves uses a public blockchain. This is a decentralized platform. Users can build and use applications on the network. Governance of the network is through on-chain governance and is a system where nodes that help the network determine whether to make or reject a change on the network. Developers propose changes through code updates. A node can then vote on the proposal. To perform transactions on the network, Leased Proof-of-Stake (LPoS) is used. Leased PoS allows token holders to "lease" their tokens to entire nodes in exchange for a percentage of the revenue a node realizes.
In 2016, Alexander Ivanov, a Russian physicist, founded the Waves project. Through an Initial coin offering, it had enough capital to actually realize the project.
Waves had set a cap of 100 million WAVES tokens at launch, but in 2019 the supply limit was removed. Added to this, owners of the coin were given the right to make decisions. The current supply will also be adjusted through this decision-making.
Waves is focused on the speed, scalability, security and user experience of the blockchain. Currently, you can use special tools on the platform to create dApps easily. In doing so, it hosts such things as decentralized exchanges (DEX), stablecoins and gaming.
Waves statistics from the last 24 hours
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As mentioned earlier, Waves was founded in 2016 by Alexander Ivanov following an Initial Coin Offering. This raised as much as 30,000 BTC. Of this, 85% went to those who participated in the sale, 4% to partners and supporters, 9% to developers and 1% to other early supporters and bonus schemes. It reached its all-time high of $62.36 on March 31.
In 2017, Waves partnered with Microsoft Azure, becoming an official partner of Deloitte. It also implemented a new consensus protocol called Waves-NG. This increased Waves' transaction speed to 100 transactions per second.
A year later, in 2018, the Waves app was launched that allowed you to use Waves' most obvious features on your smartphone or tablet.
Lately, new cryptocurrencies have been increasingly added by the Waves Blockchain.