Today, digital currency is created and exchanged through special cryptographic methods. It is released electronically using mathematical calculations. As a result, the network user gets the opportunity to work with an artificial payment system, buying goods, paying for services or exchanging information. A special place in this system is occupied by the Wave platform, which has already gained a certain reputation in the international market.

About Waves

This cryptocurrency acts as a "blockchain for people". It is designed to store, trade, manage or release your digital assets. The platform is distinguished by a high level of security and a simple interface. It can be easily used by traders, developers or large investors.

Everyone here will find a certain informational and financial benefit. For example, for application creators, the site provides excellent network bandwidth and low latency for any operations. While traders will be able to keep their funds with their client. Also, the crypt has its own decentralized exchange, where special tokens of different currencies are purchased.

Waves features

Today the Waves cryptocurrency attracts large investors and startups. Tokenomica, a venture capital organization, is a prime example. There is also an initiative for political participation and green business technologies of production.

The developers chose the PoS protocol for the consensus algorithm. This is due to some theoretical considerations, as well as its successful use in Nxt. However, the protocol has been improved in the system in order to save time on the transaction. Also, this situation contributes to an increase in network bandwidth.

At the same time, lightweight nodes are written in JavaScript in the form of special browser plugins. Moreover, their contacting takes place using the Scorex algorithm. This plugin needs to be installed from the app store to open the wallet. Additional features of the system include decentralized voting and messaging. The authors continue to promote the idea of their joint development.

There are several key features of Wave. They include:

Accessibility is provided by mobile programs and the Chrome application, which are simple to use and do not need to download block chains.
Each transaction costs only 0.001 tokens. Such fees can be in the form of Waves.
A licensed fully interoperable gateway will assist in blockchain access. Special markers are already available. Although in the future it is planned to attract American dollars to financial transactions.
Easy Token Operations is a system with which it is possible to launch new tokens in a minute. Moreover, the system has a tool for distributing coins.
The currency is popular among startups. Here you can exchange any pair of tokens. In real time, the order and time of security blocking is negotiated.
Special smart contracts have been implemented on the platform since 2017. In addition, the system of key members of the economy includes a marketing drive, a VoIP provider and a blockchain loyalty scheme.
All these features are the result of the work of leading experts who have created a unique ecosystem. It allows you to profitably trade tokens and create your own digital coins. Some supporters of classic cryptocurrencies think that the principle of the system is quite extreme. Since the nodes do not load the blockchain due to the peculiarities of network interaction.

How is Waves created?

The date of the appearance of the crypt is 2016. The developers set themselves the task of creating entrepreneurship with a common global infrastructure. The creators of the Waves cryptocurrency by April 2016 were able to receive an income of $ 22 million. At the same time, two rounds of funding were carried out. The main office of the project is located in Moscow.

The site was created by Alexander Ivanov, who launched a special service for exchanging cryptocurrencies. At this time, the LPoS protocol became the basis for the functioning of the system. After its appearance, each user was able to create their own shares and participate in trading operations on exchanges.

The Wave company raised more than $ 16 million in the period from April to May 2016 alone, which is a good indicator for this type of currency. The well-known publication Forbes even became interested in this project, where in September of the same year material was published on the principles of functioning and prospects of the cryptocurrency. In June 2017, the project already boasted a high capitalization of $ 500 million. This allowed him to take an honorable place in the TOP 10 of the most popular digital currencies. Today Waves continues to accept payments for various services, as well as actively conduct trading operations.

The team employs 9 people who have significant experience in the field of financial transactions in the virtual market. More information about the authors can be found on the official website of the company.

Is Waves Infinite?

This digital currency is now traded on many major exchanges. Among the major exchanges, Huobi, Binance, Bittrex and Yobit stand out. Users can also receive tokens on the Waves crypto exchanges.

For example, how to buy and sell on Binance:

You need to create an account that is confirmed via email. If verification has not been passed, you can only withdraw 2 BTC per day.
You need to replenish the balance by transferring cryptocurrency. This is possible with a regular bank card.
When buying coins for fiat, you need to use exchangers or other exchanges.
More than 7 pairs of cryptocurrencies are available on the platform today. It also offers orders of the following types: "Market", "Limit" and "Stop Limit".
At the same time, the trading process at EXMO is slightly different. Detailed instructions for buying Wave on this resource:

A special registration procedure is carried out, during which you need to specify an email and password. Then you need to confirm your mail.
Profile protection is provided by two-factor authentication 2-FA. To enable it, you need to go to your account settings.
Top-up is required in any available fiat currency. You can also choose a currency pair in the "Trades" section.
You need to create orders that will allow Waves transactions. This sets the limit, the number of coins and their value.
There are two orders. The “Market” will be executed instantly, and the “Limit” - only when the specified price is reached.
To withdraw funds from the EXMO wallet, you must specify the correct address.
These two instructions demonstrate that the buying and selling procedure is fairly straightforward. You do not need to receive specialized education for these financial transactions. Developers try to create interface and functionality simple and accessible.

How is this crypt still earned today? You can become a member of the Wave, which will give you the opportunity to receive tokens in the form of bonuses to your personal account every month. But for this you need to join a team of miners. The user must fund his account with at least 1000 Waves. It is also possible to lease your funds, receiving a certain interest.

There is another way to get coins - a commission for conducting transactions within the system. The platform offers its users to earn money through regular visits to the Wave taps. By clicking on the links, you can get about 0.03 coins per hour. This method is the simplest, as it does not require investment and does not take a significant amount of time.

Waves strengths

The popularity of cryptocurrency is due to its advantages. Among them stand out:

She has a fairly clear and convenient online wallet functionality.
Distinguished by originality in the provision of tokens. Only nodes with a balance of more than 10 thousand coins can participate in their production. Although small investors can lease their tokens to larger investors. As a result, such users receive special income from the profit in the form of interest.
Very low commissions when exchanging on your own service.
The platforms functionality even supports a plugin like Google Chrome.
Today, of course, cryptocurrencies have difficulties in increasing their popularity on the network. They are associated with the presence of such shortcomings of the system:

When creating tokens, you need to know the legal framework very well so that there are no legal claims.
The KYC system significantly reduces the confidentiality of any transactions. But this algorithm helps to reduce the risks of fraud.
The entire system is not yet functioning flawlessly. Although, the developers have removed a large number of initial bugs.
Specialists are trying to quickly eliminate these disadvantages in the operation of the system by creating convenient conditions for trading on the exchange. While the benefits of crypto suggest that the creators are aiming to attract new large investors and users.

Waves in TOP currencies

The current price of the Waves cryptocurrency is approximately $ 0.85 with a market cap of $ 85 million. This gives it the opportunity to take 52nd place in the overall ranking of world cryptocurrencies. This is not to say that the system is very popular among users, although the developers are going to continue to develop the project, creating new tools, algorithms and opportunities for their contributors.

Some experts are confident that Waves is a great option for investors looking to invest in long-term assets. Already today, users have appreciated the low commission, the ability to seamlessly exchange tokens and the fast service. But some investors are wary of this trading floor. Why:

The system is still prone to certain glitches, which is not very popular with traders. They can lose money.
There is a threat of freezing any transaction that the administration will find suspicious.
The platform is unable to deal with phishing attacks. In the past year, users began to receive strange "generosity shares". Some members clicked on links and lost all their money.
Consequently, not all investors and traders are optimistic about the prospects for the development of this cryptocurrency. Although not everything is as pessimistic as it seems. Some experts predict a bright future for the currency. They report that the crypt has every opportunity to raise the rate. Several facts may testify in favor of this:

The authors are actively looking for potential partners in the world of blockchain technologies. For example, the system is used by Mycelium and the well-known BitScanPty service. BankCoin, ZrCoin and Primalbase will join this company in the near future.
The Microsoft cloud platform has switched to smart contracts.
The digital currency is gradually being integrated into the real financial sphere. For example, these tokens are already being used in their operations by Chronobank and Gazprombank. Coins are also successful in the pharmaceutical startup Bioviva, the law firm Incent and other Russian enterprises. Their geography continues to grow.
In 2019, the platform will completely switch to the Ride programming language, which will finally eliminate bugs and expand the functionality of the tools.
Analysts are confident that interest in decentralized currencies will grow in 2020. This will benefit Waves with its simple internal exchange. Although the rapid success of the Ethereum project can slow down development. But so far the situation for the currency continues to develop well.