Waves is a young promising project in the field of digital currencies

Waves cryptocurrency, whose name comes from the English word “waves,” is one of the youngest and most promising coins. Like Ethereum, it is not just a means of payment, but an advanced blockchain platform with smart contracts. Mining Waves requires investment not in high-performance video cards or ASICs, but directly in the means of payment itself. Let's figure out what the features of this cryptocurrency are and how you can make money on the Waves platform.

History of Waves

Russian entrepreneur Alexander Ivanov created the platform in 2016, based on the popular NXT project. Money for the project was raised through ICO crowdfunding. We managed to attract approximately 30,000 Bitcoin. At that time, this amount was similar to $15 million. Today, the market capitalization of the tokens exceeds $600 million.

During the launch phase of the project, the team worked closely with famous service Mycelium wallets. His manager acted as a guarantor at the crowdfunding stage, and then the platform continued cooperation with him. To simplify transactions and reduce transaction time, the Mycelium electronic wallet is used in payments. This had a positive effect on the popularization of coins and reduced the risk of theft.

The project involves the development of the Austrian company Bitscan Pty.Ltd - the Incent network. It allows users to set their own transaction fees. The goal of the project is to reduce costs when performing transactions in digital and fiat currencies.

The Waves team collaborates with the American company BioViva, which deals with the problem of slowing down aging human body. This opens up interesting prospects for “waves” and helps maintain their popularity in the long term.

The platform’s manifesto includes seven points that focus on the mass character of decentralized services and their close interaction with existing financial institutions.

Platform Features

The Waves project was created to simplify the organization of crowdfunding ventures. What distinguishes it from its analogues is the presence of “colored coins” - assets that can be created by each network participant. These could be analogues of enterprise shares, game tokens, tickets for participation in a joint financing project, or analogues of fiat currencies.

Assets created by users are sold on the exchange, which is integrated into the platform. It runs on a decentralized platform and allows you to anonymously exchange assets.

The convenience of the platform is that users can exchange “waves” for any cryptocurrency or fiat money at any time.

Users can pay transaction fees using any cryptocurrency used on the network. Nodes are left with the right to independently determine the order of processing based on the commission currency.

How to work with Waves

To conduct transactions and control the budget, the platform has light client, which is released as a plugin for the Chrome browser. For convenient use The official “light” application is more suitable. It does not require downloading the blockchain to your computer and provides convenient and fast work with the system.

The “heavy” client is a server software, which is designed to operate full nodes. Installing it for ordinary users does not make sense.

To increase security, a 2FA system is provided - additional password protection. It ensures the safety of the code in the authentication system using cryptographic axioms and distributed technologies. Integration with 2FA allows users of Internet resources to log in using passphrase. This key is stored in a decentralized network, which completely eliminates the risk of code substitution or theft by attackers.

How to mine Waves

Mining coin Waves using computer equipment impossible. Unlike BTC, ETH and other proof-of-work (PoW) currencies, Waves is not issued. Initially, 100 million Waves tokens were issued and distributed to ICO participants.

The agreement between the user and the node gives the right to return their funds at any time. The selection of nodes that can generate blocks is based on the balance of the Waves crypto token. Node reputation is based on a karma system, which is influenced by reviews from other users, the number of transactions processed on the network, and other activity related to the node.

Limited number full nodes (100 units) involved in servicing transactions, provides high speed payment processing. The block formation time does not exceed 10 seconds.

Running your own node

Unlike mining on a proof-of-work platform, wave mining does not involve receiving issued coins, but collecting transaction fees. To launch your own node, it is not enough to have 10 thousand coins. You will have to install and configure special software. This is done like this:

open the official website from where you can download installation package working environment Java SE (JRE) 1.8;
confirm your acceptance of the terms of the license agreement;
select the installer option that matches your OS;
download and run the installer;
after installation is complete, open computer properties;
on the menu " Additional settings» click the “Hardware Settings” button;
select the line with the “PATH” variable and click the edit button;
Add "java_home" to the end of the value string to allow command line access to the JRE;
save the settings by clicking “Ok”;
download latest version wave.jar file to a folder (for example, “=C:/wave”);
download the configuration file (mainnet.conf) for the main network;
edit the configuration file according to the official guide posted on github;
run Waves with “bind_addres” 127.0.0.1 and with REST API node settings of the form “enable=yes” to be able to encrypt the API key;
dial in command line « java-jar waves.jar waves-mainnet.conf";
download the blockchain;
open in browser 127.0.0.1:6869 to use RPC commands;
go to the Utils-Secure section and enter the API key;
click "Try It Out";
write the API key with hash in the configuration file;
In the “rpcAddress” field, specify the external address.

After full load blockchain, you can start earning “waves” as a node. But don’t forget to keep at least 10,000 tokens in your account, divided into 1000 or more blocks.

The project management is negotiating with the governments of several countries about legislative regulation of the use of Waves. This gives reason to expect that working with assets on the platform’s exchange will not cause claims from regulatory authorities.

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The Waves project is a decentralized token exchange platform supporting color coin technology. “Colored coins” are assets that can be created by any of the system participants. For example, this could be participation in a joint financing project or an analogue of shares in an enterprise.

The user can also create his own game token, event ticket, or even an analogue of fiat currency. By design, this resembles the already known one. However, Waves is distinguished by the presence of a developed scripting language, which already creates common points of contact with Ethereum.

Material navigation:

Waves exchange rate to ruble and US dollar (online)

Current Waves exchange rate against the ruble and US dollar, trading volume and graph of Waves token price dynamics:

Project concept

Calling Waves just another digital currency would most likely be wrong. The team presents its development as having a certain functionality. This is a kind of platform based on blockchain technology, decentralized and “tailored” for transactions with user tokens. Attraction is supported here Money, crowdfunding campaigns and the purchase/sale of financial instruments, all transactions carried out through distributed database data.

When the team was just working on the idea (and the team, as we have already noted, has solid experience in this area), among other issues, the problem of avoiding a number of shortcomings inherent in already existing crowdfunding solutions was resolved. This meant the volatility of tokens and the lack of options when it comes to ways to raise funds. As a result new project allows users to attract investment in their developments both in bitcoins and in our usual currencies (dollar and euro), and, of course, in Waves tokens.

The concept of the platform allows users to create tokens and determine their value. This innovation is especially important for the development of ideas based on crowdfunding. In addition, when making payments when the payment is made in one currency, and the recipient’s account is opened in another, thanks to the innovation from Waves, problems with commissions will be significantly simplified.

And another area of the platform that is interesting to many is services for exchanging cryptocurrencies for fiat money with low commissions.

"Light Client" is a plugin for Chrome browser. The developers promise that you will be able to launch your own project co-financing company directly from your browser, as well as use decentralized markets. Assets, user-generated, will be available for trading on own exchange project.

There are many similarities with Kickstarter, while a share in the project can be obtained in a digital, crypto-protected form, with the possibility of transferring or selling it to other users. Exchange trading at the same time, it is anonymous (just like on a regular exchange, traders anonymously place orders “in the order book”).

The creators of Waves promise that trading shares and similar financial instruments using the platform will not cause claims from regulatory authorities. Supporting assets linked to fiat currencies is already reminiscent of. Although it is expected that it will also be linked to assets denominated in cryptocurrency.

Thus, users receive a decentralized platform for:

Trade in various goods;

Joint financing of projects;

Exchange speculation in assets, fiat money and cryptocurrencies.

Messaging between participants and voting will also be decentralized. The implementation of new functions is expected through plugins, which allows you to get away from the practice of creating “hard forks”. User reputation is implemented through a “karma” system, which takes into account user reviews, the number of transactions and other blockchain activity.

History of the WAVES blockchain

The platform was created in March 2016 by Russian entrepreneur Alexander Ivanov, written from the popular project NXT. Like many modern crypto projects, it entered the market thanks to. The WAVES team managed to attract about 30,000 bitcoins.

Even at the inception of the Waves resource itself, its team collaborated with the large crypto-wallet service Mycelium. Its director (A. Kuzmin) acted as a guarantor at the crowdfunding stage. Transactions use the Mycelium e-wallet, making coin distribution easier and faster.

The following agreement was concluded with the Australian company BitScan Pty.Ltd. The document concerns the development of the Incent network. The essence of this is that each user himself sets the amount of commission when making a Waves transfer. the main objective project - to reduce commission costs as much as possible when conducting transactions using digital and fiat means. Also cryptocurrency waves collaborates with the American BioViva, which is researching the possibilities of slowing down the aging process of the human body.

It operates due to the updated Proof-of-stake model - LPoS. New model is notable for the fact that users of the “wave” network can lend their coins to full nodes on a rental basis in exchange for a portion of the mining profits. However, you retain the right to return your funds at any time. At the time of publication of this material (see date), the altcoin’s capitalization was $210,457,000, and the market value was $2.

Platform manifesto

The creators of the Waves resource outlined their vision of the modern financial world and the interaction of its different branches in a kind of 7-point manifesto.

They pay special attention to the decentralization of services and interaction with financial organizations, especially banks:

In the first point of their appeal, the authors of the project emphasize that they were not trying to fill a niche for cryptocurrency fans, but were creating a product worthy of becoming the main product of the future.
Further we're talking about that the developers have nothing against banks and do not want to confront them. Their the main task– make banks work for society, become more open to new technologies.
Mass adoption of blockchain technologies is only possible with decentralization. The main goal of the project is to take crypto mainstream.
The authors also emphasize that it is incorrect to perceive blockchain technology in terms of money; it is rather a business relationship, equal and transparent.
Pops this platform focuses on crowdfunding projects and, according to the developers, should become the final point for processing open projects.
Waves service does not release new currency, he introduces new ample opportunities for existing ones.
And finally, the team is confident that interaction with existing financial institutions is simply necessary, as this is the path to changing and improving them. At the same time, we are not talking about revolutionary, but about rapid evolutionary changes.

This is the appeal. Agree, quite ambitious. However, time will tell how true the words will be.

Risks in the model

Having a number of advantages, this platform is not without some risks, however, like any other resource in this area.

These risks can be divided into 3 groups:

The first is technical risks like bugs, which, in general, are present in almost any computer program, but in our case they cause the value of the tokens to fall, which is not very healthy. This type of risk is inherent directly in the model itself.
The second group is associated with such a widespread phenomenon on the Internet as fraud. Unfortunately, it is impossible to completely eliminate these risks. But it can be completely reduced if you apply the KYC assessment system to projects posted on the resource. True, it should be noted that there are practically no successful attempts at fraud against investors in cryptocurrency projects, because they trust their money only to those people who have earned a positive reputation and have long been known in their community.
And the third group is legal risks. Here, in order not to get into trouble, you need to competently approach the assessment of the model and understand how much it complies with the laws of a particular country. Sometimes you have to choose countries with more loyal jurisdictions.

Coin mining

As for mining the new crypto coin, the creators are forced to disappoint traditional miners. Block generation is carried out only by users selected by the token balance (i.e., full GNOs can mine within the platform). The rest of the network participants can only transfer their crypto coins to them for mining. They do not participate in the mining process itself. The number of full nodes is limited to 100 units, which ensures that a block is in the chain within 10 seconds.

In order to ensure the immutability of the block chain, the classical encryption method is used with public key(as in Bitcoin). If the owner keeps full control over the key, this provides complete control over the available tokens and the right to dispose of them.

Waves wallet - how to create and use?

To store Waves tokens, participate in multi-currency trading on the decentralized exchange DEX, and use other features of the project, you need to create a wallet. There are two wallet options - full, with blockchain support (mining capabilities) and Lite Client. A full wallet requires about 35 gigabytes free space on the hard drive, constantly online and correct settings client, therefore, without understanding its operation, the installation will significantly take up the resources of your computer, without guaranteeing real benefits from this for both you and the blockchain system. Let's focus on Lite Client. There are two options for using the wallet - an online browser client or installing an application on your computer.

To start using the browser version you need:

go to the official Waves website - wavesplatform.com;
go to the “Product” tab;
select the “Online Client” option;
after reading the warning about the danger of losing control of your wallet in case of losing the key from randomly generated words (SEED), you must click “I UNDERSTAND”;
fill in the name, password and copy the SEED (a series of words generated by the program) to a safe place, then click “REGISTER” - the Lite Client wallet is created.

Video instructions for registering a Waves wallet and working in it:

Development prospects

Unlike some cryptocurrency projects, most mentions of Waves do not contain loud promises, but a description of the successes achieved. In addition to the usual tendencies for such projects to link fiat money and cryptocurrencies, the creators see the prospects for Waves in the further integration of cryptocurrencies into real life- economics, politics, investment projects, etc. Another undoubted advantage of Russian developers is easy multicurrency wallet with a user-friendly interface.

Now about those practical advantages that promise development prospects:

First of all, the waves cryptocurrency allows system participants to issue their own assets, trade on a decentralized platform, or exchange with others. The team is establishing work with regulatory authorities so that it can operate freely in a number of countries. The waves token blockchain also includes basic digital money as assets, which allows for decentralized trading based on bitcoin. And this is important for future crypto projects that want to launch their own crowdfunding.
The developers of waves have implemented plans for self-organization of communities, the potential for communication, including with the administration of the service.
The next advantage is the availability of plugins. This expands the functionality of the platform and contributes to overall optimization.

You can buy Waves cryptocurrency for BTC (Bitcoin) on one of the cryptocurrency exchanges. The most famous of them is Bittrex. To see the supply/demand balance and the current exchange rate Waves cryptocurrencies opposite “BITCOIN MARKETS” you need to enter “waves” and click on the line “BTC-WAVES” that appears.

You can also buy Waves on the YoBit exchange. To register on YoBit, go to

Hi all! Today we will analyze the rapidly growing popularity, but still very young cryptocurrency Waves. This startup is a special blockchain platform for smart contracts that issues its own tokens (coins) for conducting various companies for joint fundraising ( crowdfunding), and also acts as a decentralized exchange. On this moment Thanks to its rapid growth, this cryptocurrency entered the top ten cryptocurrencies in terms of total capitalization, which came close to $0.5 billion. This platform dates back to 2016 and was founded by Russian entrepreneur Alexander Ivanov. With the help of an ICO (crowdsale), more than 30,000 bitcoins were collected at the then exchange rate of $500 per bitcoin. In this article, we will analyze in detail the main features of the Waves cryptocurrency, and also consider where it can be purchased and stored.

Features of the Waves cryptocurrency

This cryptocurrency operates through an updated model ★ Proof-of-stake, that is, platform users can rent their Waves tokens to full nodes, and in exchange for this, receive their share of the profit from mining (Account leasing) and at the same time have the opportunity to take back their funds at any time. New blocks are created by those users who are selected by the system based on their balance, and only full nodes can mine new tokens. All other users of the system can only rent out their tokens for mining. There are about a hundred full nodes in total, and new blocks are created every 10 seconds. Waves coins can be freely exchanged for both fiat money and other cryptocurrencies.

In order to attract financing for any project (cryptocurrency startup) through crowdfunding, ICO, the Waves platform offers unique opportunity literally launch a fundraising campaign in minutes. The developers have created their own crypto-Kickstarter with blackjack :) At the same time, users can not only invest in the selected project, but also receive the corresponding crypto-asset, and then trade it on a decentralized exchange. At the same time, Waves developers will actively work with regulators and take into account legislation various countries to protect investors.

Fiat assets on the Wave blockchain will be tied to major world currencies, which will attract many users to the platform who are accustomed to working with their usual dollars/euros, etc. Major cryptocurrencies will also be represented as assets on the Waves blockchain and will be traded on a decentralized exchange.

In addition, users have access to decentralized voting, encrypted messages, and community management. A lightweight client will be available to users of the platform in the form of a plugin for the Chrome browser with a very friendly and clear interface, and special server software will be available for nodes with a full blockchain.

In order to introduce new functions and capabilities into the platform without resorting to hard forks, it will be implemented large-scale system plugins.

The unique asset “Karma” will allow you to create a reputation system that will analyze various indicators, such as the number of transactions, issued shares and reviews from other users.

Waves cryptocurrency price dynamics

Since March 2017, the price of the Waves token has increased from 19 cents to the current value of $3.7. The peak price was at $6.5. The startup is very promising, so I wouldn’t be surprised if over time the price breaks the $50 mark per coin. Price chart in the picture below:

How to purchase and store Waves cryptocurrency

You can buy and store this cryptocurrency for fiat money (rubles, dollars, euros, hryvnia, tenge) and for other cryptocurrency on the Exmo cryptocurrency exchange:

1. Go to the official website of the exchange at this link >>

2. Enter your e-mail and click the “Registration” button.

3. A letter is sent to your email to activate your account.

4. Next, we need to top up our account using the Wallet tab. You can top up with both regular (fiat) money and cryptocurrencies. Popular payment systems available: Payeer(), Perfect Money(), AdvCash (), I am ndex money, OkPay, Capitalist.

5. Please note that you can only purchase Waves using the WAVES/BTC currency pair, that is, you first need to purchase bitcoins on the exchange if you do not have them. To purchase bitcoins for dollars, we will use the BTC/USD currency pair; if for rubles, then BTC/RUB.

To buy at the current price, we need to roughly speaking, buy back required quantity sell orders. Enter the number of bitcoins, the price at which we are willing to buy and click the “Buy” button.

6. Now that we have bitcoins, we finally move on to the WAVES/BTC currency pair and follow the same procedure as in previous step. That's it, you have purchased the Waves cryptocurrency, now you can see it in the Wallet section.

That's all, friends. I hope you liked the article. If you have any questions about working with the exchange, you can always ask me in the comments. Subscribe to updates by e-mail so as not to miss new articles!

We do not change the topic of cryptocurrencies, so today’s article will also be about them. Or rather, about one of them, the fairly young and promising digital currency Waves. The project is new, it is about a year old (it was launched in test mode on June 12 last year), and it owes its name to the discovery of gravitational waves (waves in English - wave). In any case, this is what the developers say, and we have no reason not to believe them.

The same people who once created NXT or Nextcoin (if anyone remembers such digital money) worked on the idea. Well, the inspiration for the work to create the “wave” was A. Ivanov, who at one time received an education as a physicist, and was already noted for the creation of an instant crypto exchange service (the first of its kind) and participated in the development of CoinoUSD (also a pioneer in its niche). By the way, Sasha Ivanov intends to transfer his assets remaining in his former brainchild NXT to Waves.

So the team, as you can see, is experienced, and it is their new development You and I will consider it now.

Any new venture in the field of cryptocurrency requires material investments. Find necessary funds the authors of Waves decided using crowdfunding. Naturally, as part of the ICO, potential investors were offered a certain number of tokens and various bonuses (from 5% to 20%), the size of which depended on the time of acquisition of the coins. Purchasing tokens on April 12 was rewarded with a twenty percent bonus, from the 13th to the 30th of the same month - 10%, and everyone who made a purchase later - 5%. The initial placement took place for almost a month and a half (April 12 – May 31, 2016). The results of crowdfunding turned out to be quite impressive; they collected, no less, about 16 million dollars.

Who does the development team collaborate with?

From the very beginning of the Waves resource, its team has established close cooperation with such a large service as Mycelium (crypto wallet service). Actually, the partnership arose during the fundraising, since A. Kuzmin, the head of Mycelium, acted as a guarantor at the crowdfunding stage. And in October last year, the companies signed an agreement, under the terms of which Kuzmin’s service agrees to support the issue and further movement of tokens. In other words, the Mycelium electronic wallet will be used in transfers and the distribution of coins will be significantly simplified.

Another agreement was concluded with an Australian crypto resource (BitScan Pty.Ltd). The document concerns the development of the Incent network, which operates on the same technology (the so-called loyalty network). The essence of this development is that each user can set the amount of deductions or rewards during a purchase or sale. The goal of the project is to eradicate unreasonably high commission costs when conducting transactions between digital and fiat funds, which many services suffer from, and to create the basis for motivating buyers.

And finally, another partner of the Waves cryptocurrency is the American company BioViva, which is developing products to slow down the aging process of the human body. Our crypt team is inspired by this problem and is ready to help increase the duration of human life, at least to 100 years.

Calling Waves just another digital currency would most likely be wrong. The team presents its development as a blockchain system with certain functionality. This is a kind of platform based on blockchain technology, decentralized and “tailored” for transactions with user tokens. It supports fundraising, crowdfunding campaigns and the purchase/sale of financial instruments, with all transactions carried out through a distributed database.

When the team was just working on the idea (and the team, as we have already noted, has solid experience in this area), among other issues, the problem of avoiding a number of shortcomings inherent in already existing crowdfunding solutions was resolved. This meant the volatility of tokens and the lack of options when it comes to ways to raise funds. As a result, the new project allows users to attract investment in their developments both in bitcoins and in our usual currencies (dollar and euro), and, of course, in Waves tokens.

And another area of the platform that is interesting to many is services for exchanging cryptocurrencies for fiat money with low commissions.

Opportunities that the project opens up for users

First of all, the platform allows participants to issue their own assets, trade them on a decentralized platform, or exchange them with other users. This is a kind of crypto Kickstarter for support original ideas, obtaining digital assets and their subsequent sale through trade. The resource is establishing work with regulatory authorities so that it can work freely in the jurisdictions of a number of countries.

The service works with assets that are tied to certain world currencies (the most famous, of course) and, interacting with financial institutions, provides these assets full support the latter. Thus, there is an opportunity to interact with the widest Kickstarter audience, and this audience is given a chance to act in a familiar and beloved dollar or euro environment, without bothering with crypto and its exchange rate values.

In the resource’s blockchain, the main digital money is also represented as assets, which allows for decentralized trading based on Bitcoin, and this is important for crypto projects that want to launch crowdfunding.

In turn, all these features provide the ability to trade assets among themselves, which turns the Waves service into a decentralized service at the same time. trading platform for shares, and to a crowdfunding platform that supports both fiat and digital money.

The resource has implemented plans for self-organization of communities (transparent and honest development), and is also developing the potential for communication, including with the administration of the service.

The next feature is plugins. They help implement some functions, release updates, and contribute to general optimization.

The resource creates an optimal business environment, which includes a reputation system implemented through the special asset “karma”. To put it simply, this is the quintessence of the totality of all indicators of user activity and reviews of other participants about him (analogous to KYC).

And it remains to be said about confidentiality. A certain functionality is also implemented here, which provides it in full.

Having a number of advantages, this platform is not without some risks, however, like any other resource in this area. These risks can be divided into 3 groups:

The first is technical risks such as bugs, which, in general, are present in almost any computer program, but in our case they cause a drop in the value of tokens, which is not very healthy. This type of risk is inherent directly in the model itself.
The second group is associated with such a widespread phenomenon on the Internet as fraud. Unfortunately, it is impossible to completely eliminate these risks. But it can be completely reduced if you apply the KYC assessment system to projects posted on the resource. True, it should be noted that there are practically no successful attempts at fraud against investors in cryptocurrency projects, because they trust their money only to those people who have earned a positive reputation and have long been known in their community.
And the third group is legal risks. Here, in order not to get into trouble, you need to competently approach the assessment of the model and understand how much it complies with the laws of a particular country. Sometimes you have to choose countries with more loyal jurisdictions.

Platform manifesto

The creators of the Waves resource outlined their vision of the modern financial world and the interaction of its different branches in a kind of 7-point manifesto.

They pay special attention to the decentralization of services and interaction with financial organizations, especially banks:

In the first point of their appeal, the authors of the project emphasize that they were not trying to fill a niche for cryptocurrency fans, but were creating a product worthy of becoming the main product of the future.
Further we are talking about the fact that the developers have nothing against banks and do not want to confront them. Their main task is to make banks work for society and become more open to new technologies.
Mass adoption of blockchain technologies is only possible with decentralization. The main goal of the project is to take crypto mainstream.
The authors also emphasize that it is incorrect to perceive blockchain technology in terms of money; it is rather a business relationship, equal and transparent.
The created platform focuses on crowdfunding projects and, according to the developers, should become the final point for processing open projects.
The Waves service is not issuing a new currency; it introduces new and extensive opportunities for existing ones.
And finally, the team is confident that interaction with existing financial institutions is simply necessary, as this is the path to changing and improving them. At the same time, we are not talking about revolutionary, but about rapid evolutionary changes.

This is the appeal. Agree, quite ambitious. However, time will tell how true the words will be.

Crowdinvesting on the blockchain, in comparison with the classic models of crowdfunding and venture investment, has a number of advantages.

Project founders may find a more attractive model in which money is attracted into development in the form of multiple micro-investments, rather than working “under the wing” of a single large investor, with the need to comply with the conditions dictated by him. In addition, in this case, in addition to financial support, startups literally immediately receive a user base who will be able to qualitatively test the functioning future development within the framework of the established crowdinvesting community.

Regarding the principles classic model crowdfunding, then in Waves investors will be able to leave the project without even waiting for the results of its implementation. In this case, the solution will be very banal - simple sale your token through the exchange to another participant in the system.

Thanks to its fairly extensive functionality, users of the Waves platform can:

issue custom tokens that will be the equivalent of certain assets and perform various operations with them;
implement all sorts of areas in reality: trading, surveys on the blockchain, decentralized crowdfunding, conversion of fiat and digital money etc.

Users can finance their own project through the issuance of cryptographic tokens. This process is called Initial Coin Offering (ICO). Potential investors can purchase project tokens in any convenient currency: euros, dollars, BTC, etc., after which they have the right to perform various trading actions with them, but only through the Waves platform.

The actual value of the token is determined by its integration into the project. And as long as the latter has at least some value, the token associated with it will also be valuable. The real value of a token is determined during trading on an open market, which is formed naturally.

You can access the functionality of the Waves platform after installing the Lite Client, the so-called “Light Client”. The latter's job is to store only data about user assets, and does not involve downloading the full platform blockchain. For nodes that require installation of the latter, special server software has been developed.

Using the crypto platform in question, users have the opportunity to create a system on the blockchain additional protection password (2FA). In this case, the safety of the password code in the Waves authentication system will be ensured by cryptographic axioms and distributed technologies, whereas in other security systems there is always a risk of access theft. Users of Internet resources that have been integrated with the site’s 2FA solution will be able to authenticate using a passphrase, which will be stored decentralized on the network, completely eliminating the risk of code theft or substitution by attackers.

Participants in the cryptocurrency community who want to switch from NXT to Waves can easily do this thanks to the implementation by the authors of the latter of a special protocol through which it is possible to transform assets from the program on the NXT platform into assets of the Waves platform.