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Waves Price

(WAVES)

$0.2551
0.00%(5m)

1m5m15m1h8h1d1W
Waves (WAVES) Live Price Chart

    Waves Live Price Data

    The live price of Waves is 0.2551, with a total trading volume of -- in the last 24 hours. The price of Waves changed by +0.07% in the past day, and its value has decreased by -2.63% over the last week. With a circulating supply of 132,724,420 WAVES, the market cap of Waves is currently 0 , marking a +0.07% increase today. Waves currently ranks #526 in market cap.

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    Note: This data is for reference only.
    pk

    WAVES(WAVES) Profile

    altRank526
    rateBB
    Expand
    $0.2541
    $0.2628

    ATH
    $62.35569556
    Price Change (1h)
    -0.27%
    Price Change (24h)
    +0.07%
    Price Change (7d)
    -2.63%
    Market Cap
    24h Volume
    Circulating Supply
    132,724,420
    Max Supply
    --

    About Waves

    • What is Waves (WAVES) Crypto?

      Waves is an open-source, public blockchain protocol that can support scalable and user-friendly decentralized applications (dApps). The community-based stack of decentralized open-source technologies can power the development and deployment of Web 3.0 applications.

      The Waves network can offer high-speed, low-cost transactions across various dApps on its infrastructure, including support for NFTs, DAOs, and other blockchain-based applications. In addition, it supports the use of bridges for cross-chain transfer of data and assets, powering interoperability with different blockchain ecosystems.

      The technology stack provided by Waves can be used to create decentralized applications that require high levels of security without compromising on user experience. Potential use cases for Waves’ technology stack include dApps in the decentralized finance (DeFi) space, decentralized identities (DIDs), gaming, privacy-related applications, and more.

      WAVES is the native token of the Waves blockchain and is used to pay transaction fees within the network. The WAVES token is also used for distributing rewards to network validators who contribute to block production and securing the network by verifying transactions.

    • How Does Waves Work?

      The Waves blockchain utilizes a proof of stake consensus mechanism to secure its network and validate transactions, resulting in a far lower carbon footprint than leading blockchains in the crypto market. In addition to being a more efficient blockchain protocol in terms of energy consumption and computing resources, it can offer higher levels of security against attacks or hostile takeovers by network participants.

      Waves uses a Leased-Proof-of-Stake (LPoS) consensus algorithm, an enhanced version of the original PoS consensus mechanism. In such a model, nodes can use leased WAVES tokens to participate in block production and generate rewards. A percentage of rewards earned will be distributed to token holders who lease their WAVES holdings to the nodes.

      The blockchain achieves higher scalability and efficiency than several of its peers, thanks to the Waves-NG protocol. This feature immensely increases the network’s throughput by using “liquid” blocks that keep growing until the next block is produced within the blockchain. This technology allows the Waves blockchain platform to enjoy a block production time of 2 seconds, offering a superior end-user experience.

      The Waves ecosystem also offers a wide range of tools, products, and components that developers can use to create and deploy dApps on its blockchain quickly and more efficiently. As an open-source project, the technology stack has been designed not only by Waves developers themselves but also includes contributions from the developer community at large.

    • History of Waves Protocol

      The Waves blockchain was launched in Q3 2016 by a scientist of Ukrainian origin, Alexander Ivanov (aka Sasha Ivanov). The Waves initial coin offering (ICO) was held between 11 April 2016 and 30 May 2016, with the token sale raising 30,000 BTC from early supporters.

      The Waves platform announced a collaboration with Microsoft Azure and forged a partnership with Deloitte in 2017, making it one of the first blockchain platforms to partner with mainstream businesses. The Waves-NG consensus was rolled out in the same year, making the blockchain far more scalable and increasing its throughput to 100 TPS.

      In 2018, the Waves developers rolled out smart assets and smart account trading on the mainnet. The next significant update in September 2019 upgrades RIDE - Waves’ smart contract programming language, making it easier to use for developers.

      In September 2019, the blockchain launched a new on-chain governance model, moving WAVES away from its former deflationary mechanism and introducing the leasing of tokens. This also resulted in adopting an inflationary mechanism to increase on-chain activity.

      The Waves DEX was rebranded to Waves Exchange in November 2019. The project was separated and handed over to a different team of developers.

    FAQ

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