The Waves blockchain enables smart contracts similar to Ethereum but with faster transactions at lower costs. They accomplish this by having their transactions validated by a proof-of-stake mechanism. In this process, transactions are not confirmed by computing power but by existing coin owners who store their coins as a collateral. In 2022, the project plans to improve this mechanism even further, to implement a connection to the Ethereum ecosystem and to enable a better DEFI offerings.
Waves is one of the early Ethereum competitors and has been launched in 2015. This put them in a position to be one of the few players alongside Ethereum to offer a platform during the ICO hype in 2018. Nevertheless, there are now other competitors that allow even faster transactions at lower costs such as Solana or Cardano. The only way to move back to the top of the Ethereum competitor is through the 2022 roadmap that aims to improve the validation mechanism, connect to the Ethereum network and improves it's defi offering.
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Waves is aon its own,uses to validate transactions,and is.Waves also supports.
Interesting facts about Waves
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Waves plans to improve it's validation mechanism, expand their defi offering and connect to the Ethereum ecosystem in 2022.
By validating transactions through Proof-of-Stake, the Waves blockchain enables faster and cheaper transactions comared to Ethereum.
Waves enables smart contracts.
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Waves price and insights
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
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% of total supply circulating Very small
What’s the community like?
Community matters for projects like Waves, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.