Waves (WAVES)

Waves is currently trading at $1.7383, after a price change of 6.81% in the last 24 hours.

Ranked as cryptocurrency #132 by capitalization today, WAVES market cap is valued at $191,854,625. WAVES trading volume reached $229,053,251 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on WAVES coin price prediction page.

What is Waves?

Waves is a blockchain protocol that powers decentralized applications and smart contracts. The platform offers developers tools to create and deploy dApps. Waves manages three types of smart contracts: decentralized applications, smart accounts, and smart assets. The contracts are written in Ride, a programming language specific to dApps.

Waves is secured through the Leased proof-of-stake (LPoS) consensus. The model enables every user to generate blocks based on their staked tokens. Waves features Matcher API, an exchange platform that facilitates token trading from external developers.

The network’s governance structure allows users to submit proposal upgrades called Waves Enhancement Proposals. Once the proposals receive a consensus, they are merged with the Waves Node GitHub repository. They must be accepted by more than 80% of the protocol miners.

WAVES, an ERC-standardized token based on Ethereum, is the native token powering Waves. There are 107,725,222 circulating tokens from an equivalent total supply. The token is used for paying block rewards, where its supply is unlimited. Token holders can participate as network validators also called forgers or can delegate to a Wave node where they get to share in payout rewards.  

Alexander Ivanov co-founded Waves blockchain in 2016.