All you need to know about Waves cryptocurrency

What is Waves cryptocurrency?

Waves is a platform designed to allow you custom create your own tokens. The great thing about waves is that you can use it to crowdfund for your project. Even better, is the fact that it allows you to incorporate fiat currency into your wallet.

Is Waves tradable on exchanges?

The Waves cryptocurrency is tradable on different exchanges. This means you can exchange it for any other cryptocurrency such as bitcoin, anytime a trading opportunity emerges.

What are the key features of Waves?

It has its own decentralized exchange

Waves runs on its decentralized exchange known as the WavesDex. The idea behind the WavesDex is the need to avoid storing decentralized cryptocurrencies on centralized exchanges, which are always at a risk of hacking attacks. On the WavesDex exchange, you can trade bitcoin, and other cryptos for Waves coins.

To use the WavesDex exchange, you need to install Litewallet or add it as an extension in your chrome browser.

It runs smart contracts

The waves platform runs smart contracts, but in a more efficient manner than the Ethereum platform. That’s because, Waves smart contracts are non-Turing complete, but very secure at the same time.

Waves allows for tokenization

Under the Waves platform, you can custom-make your own cryptocurrency in less than a minute.To do this, all you need is one Waves token.It is also interesting to note that by launching your crypto token on the Waves platform, you get to decide on its number of decimal fractions, making Waves extremely useful for people looking to launch ICOs.

The Waves platform allows for fiat currency exchange

When investing in cryptocurrency, you want to be in a position to cash out for fiat currency at some point. Waves allows you to do exactly that, and you can exchange it for dollars or any other fiat currency that you can withdraw in your bank account.

Who are the brains behind Waves?

There are 4 main individuals behind the Waves platform. They are:

Sasha Ivanov who is the CEO, Martin Spodymek the community manager, Alex Kiselev the backend developer and Sergey Ishchenko the front end developer.

Are there any real world uses of Waves?

There are a number of real-world businesses that have been launched using the Waves cryptocurrency platform. Some of these are as below.

Zrcoin

This is a sustainable manufacturing business that has successfully launched on the Waves platform.

Tokenomica

This is a business that aims to bring transparency in the venture capital business. It has already successfully launched on the Waves platform.

Upcoin

This is a political initiative that has successfully launched on the Waves platform.

MobileGo

This is a marketing campaign for mobile gaming that has already launched successfully on Waves.

What is the future potential of Waves?

Waves has a promising future. It is now near the top 10 cryptocurrencies by market capitalization. As more businesses launch on the platform, its value will only grow.