Introduction

Waves is an open-source platform and decentralized environment for Web 3.0 applications, offering a suite of purpose-built tools that make developing and running dApps easy and accessible.

Waves was initiated by Sasha Ivanov and a core development team in 2016, since which time it has released several successful blockchain-based solutions and grown into a rich and continually expanding technological platform. Waves technology is designed to meet the needs of developers and companies looking to leverage the properties of blockchain systems, including their security, auditability, verifiability, and trustless execution of transactions and business logic.

Project Features
Unlimited Transactions: No withdrawal limits and instant settlement of cryptocurrency purchases;
Secure and Fast Transactions: Centralized order matching ensures transaction speeds comparable to centralized exchanges but without the risk of losing funds;
Low Fees;
Funds are held in users’ own wallets, not on the exchange.

Decentralization Philosophy
Initially, WAVES will focus on several core applications. The decentralized token platform will serve as a financial instrument for crowdfunding and fundraising on the blockchain. Allowing any currency or asset to pay network fees reduces the burden on end-users.

The design of WAVES incorporates the concept of colored coins, enabling anyone to crowdfund for their projects. However, WAVES includes a built-in credit system, allowing investors to gain equity in a project or receive refunds if certain conditions are not met.

Once tokens are issued by users or enterprises, investors can directly purchase these tokens. They can also trade them against Bitcoin, fiat currencies, or other tokens. This not only facilitates the creation of customizable tokens within the core client but also enables direct trading between asset tokens, making transactions easier.

WAVES blockchain employs centralized order matching and settlement on the blockchain. Centralized order matching increases speed and avoids blockchain bloat by not storing match data on-chain. Settlement on the blockchain ensures the safety of users funds, as they remain in their own wallets.

Tech Advantages
WAVES is designed to be easy to use and scalable. The network is built on the Scorex platform, using the current state of the network instead of the full history of transactions.

WAVES utilizes an improved Proof-of-Stake consensus mechanism, Leased PoS (LPoS), enabling lightweight clients to secure the network with their balances while keeping tokens themselves with full nodes.

This dual architecture means that end-users need only a lightweight client, which is easy to install. The interface is similar to existing online banking and trading apps, making it user-friendly. New transaction types are activated through plugins. Unlike other platforms, which require hard forks to implement new features, any developer can deploy new transaction types, and any node can broadcast these transactions regardless of whether the plugin is installed. This creates an ecosystem akin to an app store, providing excellent flexibility.

Token Information
Issued Quantity: 85,000,000 WAVES
Total Raised: 30,094 BTC
Raised Funds: $16,010,008

Use Cases
Through regulatory-compliant gateways, financial institutions can issue fiat-backed tokens on the WAVES blockchain, such as USD, CNY, and EUR. These tokens can be sent globally at fast speeds and low costs (remittance services). KYC (Know Your Customer) regulations are implemented when fiat funds enter and exit the blockchain according to the institutions regulatory framework. Since these fiat-backed tokens are backed by real fiat currency, they maintain parity, avoiding the risks associated with price volatility in cryptocurrencies like Bitcoin, making them more accessible to mainstream users.

Unlike lower-tier exchanges, when using Waves decentralized trading, there are no withdrawal limits, and purchased cryptocurrencies appear instantly in one’s wallet balance.

Waves offers a matcher and high throughput capacity, allowing traders to complete transactions as quickly as on centralized exchanges, but without the risk of losing funds. It also provides high security, as funds are stored in wallets rather than on exchanges; fees are kept to a minimum, with only a small fixed commission per order.

Waves is beneficial not only for developers who enjoy high network throughput, low latency, and low fees, enabling them to issue their own blockchain tokens, facilitate crowdfunding, loyalty programs, and voting, but also for traders who can securely store assets in a local Lite client and trade them quickly and safely on the built-in decentralized exchange (DEX). Most importantly, Waves collaborates with Deloitte, which will aid in driving development and the broader adoption of legal frameworks for blockchain technology.

Commentary

WAVES is a diversified custom token platform aimed at bringing the advantages of blockchain technology to crowdfunding, securities trading, and fiat currency transfers. The platform integrates fiat systems via regulatory-compliant gateways, allowing users to utilize fiat currencies such as GBP, USD, EUR, and CNY on the blockchain without exposure to token price fluctuations. WAVES will provide financial institutions with an open platform compliant with KYC/AML (Know Your Customer/Anti-Money Laundering) regulations. Additionally, it offers anonymity, essential for industrial-grade trading platforms.

The vision is to enable various real-world assets, including Bitcoin, to be issued, transferred, and exchanged in a completely decentralized manner, providing a stable open platform for payment systems, banks, and crowdfunding projects, as well as creating an ecosystem for community-based projects.

Related Links:
https://wavesplatform.com/about
https://info.binance.com/cn/currencies/waves
http://www.genesisfor.com/life1/life11/497.html
https://cryptobriefing.com/waves%e6%95%b0%e5%ad%97%e8%b5%84%e4%ba%a7%e6%8a%a5%e5%91%8a%e4%b8%8e
%e5%88%86%e6%9e%90/