Welcome to our Waves news page. Here you'll find some of our featured Waves network content pieces as well as all our latest Waves DEX platform posts.
Waves Decentralized Exchange (DEX): Fastest Trading Platform?
The rise of decentralized exchanges is promising more benefits for the world of cryptocurrency. The ability to trade, store and exchange digital currency without centralized middlemen present users with the utmost ability to finally control how they transact. }
However, much the centralized exchanges provide for liquidity, network effect or simple user experience, there is no denying that decentralized exchanges could go a long way into building our confidence in transactions. Recently, WAVES platform took the liberty to launch their own decentralized exchange and we get to review the progress of the product.
About WAVE's Decentralized Exchange (DEX)
WAVE decentralized exchange is a concept based on the WAVES cryptocurrency that will provide for the control of digital funds on the blockchain and allow for the acceleration of the exchange process through the matching service. In essence, WAVE DEX will fuse both the decentralized and centralized exchanges for the users to trade WAVES-based digital assets such as WAVES, fiat and cryptocurrency tokens like wETH and wBTC. Additionally, WavesDEX will have the users experience a risk-free trading operation with all the transactions set to take place on the Waves blockchain
How The Exchange Works
The unique feature of the Waves network is that any users can establish, issue and distribute their own version of crypto assets within the platform. Consequently, the token creation on the Waves platform will allow for the coin to trade on the DEX platform. However, the WAVES platform allow for DEX to have an exchange value of 1:1 with only the real bitcoin assets.
Additionally, the tools to release your own token will have a tradable feature to leave room for token loyalty among users. Ultimately this feature allows for social trading for users interested in crypto trading pairs such as BTC, ETH, Waves, LTC, etc.
The DEX Exchange Details
WavesDEX provides users with the ability to trade different cryptocurrencies in exchange for Waves or other tokens generated on the Waves platform.
Users will also be able to trade quickly and securely through the centralized matcher holding the order list
- Waves DEX allows for trading of any token pairs. As of now, WavesDEX has over 60+token trading-pairs
- The exchange's trading volume stands at $522,534 as of this writing, bringing its crypto value to 56.11 BTC.
- Low fees are also a feature of Waves DEX with the commissions for charges costing users only 0.0003 WAVES
- Waves DEX further provides for a mobile app for both Android and IOS users looking to trade on the go.
Is WAVE DEX A Good Option For Trading?
There is a lot of confusion and panic going around on the inefficiencies of the Waves DEX platform. Largely most of the negatives borders on the issue of fake coins and issuance of unregistered tokens on the platform. While the claims are unsubstantiated, it does wind up interest in whether one should try out the platform.
However, these are often the challenges that face a relatively new cryptocurrency exchange trying to establish itself. All-in-all, the Waves Decentralized Exchange has a solid concept and the backing of Waves platform only adds to its legitimacy. The only hurdle is whether Waves DEX could find potential and become the future of matches with the cryptocurrency market. If achievable then we could see an advanced entry to cryptocurrency adoption and trading.
Waves Blockchain Platform Releases Smart Crypto Assets on TestNet
Waves Platforms is making waves. After successfully launching Smart Accounts, the company is now giving Smart Assets a test. The Smart Assets program has already launched on TestNet, and Waves Platform plans to officially launch it on the Waves MainNet once it proves successful.
What Are Smart Assets?
Smart Assets are designed to function much like the Smart Contracts on Ethereum. They allow users to control the access and utilization of tokens through the application of scripts. As such, every transaction has to be validated by the script before making its way to the Blockchain for confirmation.
However, Smart Assets differ from Smart Contracts in several key principles. Most significantly is the fact that tokens are not smart contracts albeit they may function like them. They are also easy to issue as one does not need programming expertise. Users, however, are required to know the RIDE language if they wish to create effective scripts. Fortunately, RIDE is easy and quick to learn. Additionally, RIDE is much more secure than the Solidity language utilized by Ethereum.
Scripts created using the Smart Assets can be applied in a variety of ways to allow for greater control of tokens. The main applications include:
Users can lock tokens and prevent any transactions until the other party delivers or a certain block of height is attained.
Users can prevent transaction with certain addresses – this is intended to curb fraud.
This script requires all transactions to be co-signed by the original issuer of the tokens, in this case, the program’s user.
This script is designed to generate income for users by ensuring that the original issuer of a token receives a small fee for each subsequent transaction. The fee is paid in form of sponsorship in special assets.
Controlling Asset Pairs
This script binds tokens to exchanges with only a limited selection of other tokens and currencies.
Users are charged 0.004 WAVES for each script created – a quick conversion shows that this is a much cheaper rate compared to other platforms. It is also important to note that scripts can be either permanent or temporary – temporary scripts can always be modified using the Set Script Transaction.
A Wide Range Of Applications
Waves Platform expects Smart Assets to be utilized in a broad range of ways. It already has several common applications in mind. The most common application will be restricting the use of platforms until contractors deliver as required, thus fostering security. Uses, however, are only limited by one’s imagination according to the program’s developers.
Interestingly, Waves Platform is working on a major platform designed for gamers. It hopes that gamers will use Smart Assets program to restrict the usage of assets to gamers. This is expected to help prevent the fraud that is prevalent in the gaming industry.
The launch of Smart Assets on TestNet is expected to be successful, after which the Waves Platform will launch the program on the Waves MainNet. The company expects the program to find a wide range of uses and is itself hoping to utilize the platform for its upcoming gaming platform.
WAVES Blockchain Coin Price Soars Over $2.30 USD After New Mobile Wallet Update Release
The Wave Price Has Surpassed the $1.60; This Is After the Release of the Mobile Wallet Update
The crypto market is experiencing some uneasy momentum at the moment, making it very hard for the investors in the market to make any sense of it. Many things can happen in a quick succession, but there are no guarantees to gain any success. But when we look at the wave prices, things look quite good at the moment; it has been having a substantial gain across the globe, thus being able to generate some positive buzz in the midst of the market conditions.
The Price Of Wave Continues To Soar
For the waves it has been a very interesting start of this week, the coin might have been overlooked in the bear market of 2018, but this situation will soon come to change much sooner. The current gain that is being experienced by the coin paints a very positive outlook, although many people will acknowledge that the current uptrend might not be sustained for an extended period.
In just the last 24hours the wave price has experienced an huge increase when looking at it against the USD value. It jumped from around $1.48 to just over $2.34. At the same time, the altcoin has been able to gain about 7.5% on Bitcoin, which has been considered to be the most significant development that has been witnessed in the market. For the altcoins to remain relevant in the next few days of 2018 and early 2019 in the ever-growing market, they will need to gain on the Bitcoin.
Thus, as investors just relying on the positive price memento for Bitcoin will not be able to work out; therefore, the Waves token seems to be the ones that are checking on the right boxes. With a significant development in place, it might just warrant this positive trend that is surrounding the waves price.
For the developers, within the company, they have announced a new type of mobile app that has just been released, one that has been designed with several additional functions. It has been designed with the support of a new built-in decentralized exchange, a significant concept as users are able to lease there waves tokens easily. A factor that has been considered essential to keep an eye on.
The Wave Has Gotten People’s Attention
Many investors are now looking at the waves token, which is expected. As it was pointed out by Torjus Gaaren, it is clear that there is a positive momentum on the short term price candles, but while we watch the five-minute candles it will not give the investors in the market a clear indication of how a particular market is able to evolve and move forward.
But it is important to note, as investors we need to ensure we are keeping the big picture in mind, especially in cases the altcoin is involved.
But this is not all; investors are able to look into the waves arbitrage options, an interesting factor that could be explored. One of the options to look into is the triangular arbitrage method, one that is able to yield for you some exciting profit levels.
This is not all, as it involves some of the lesser known exchanges in the market, which could be a little less appealing for some of the investors in the market.
At press time, the price of Waves has dropped back down to $1.90 which is still a significant boost to where it was on Nov 28th at $1.12
Waves Blockchain Platform Raises $120 Million to Launch Vostok System to Rival Hyperledger
Waves Platform is primarily known for their work as a blockchain solutions developer. However, a recent funding round worth $120 million is allowing them to expand, pushing towards the launch of a project called Vostok. Based on details from the official website, Vostok will be both a private blockchain platform and a system integrator.
Multiple private investors took the time to participate in the funding round, which was hosted by a financial services group in London – Dolfin. The project itself has been in development for most of the year, but the funding will allow them to launch the platform in 2019 for European and Asian markets. Presently, there is no planned launch for any other markets.
Sasha Ivanov, the founder and CEO of both the Waves Platform and the Vostok project, commented,
“The Vostok project lies at the intersection of several disruptive technologies, including Blockchain, Big Data, Artificial Intelligence and the Industrial Internet of Things. By implementing these in the IT infrastructures of corporations and government agencies, we lay the foundation for the digital economy. This is logic continuation of the work we have been doing over the past few years, advancing the Waves platform’s technological achievements yet further.”
With the announcement of these innovations, the Waves token experienced over a 50% boost in price within the last 24 hours. As a result, it is presently trading at $4.21. When Waves was first introduced, they were available as an alternative option to Ethereum, boasting greater efficiency. They’ve proven to be much faster, but their adaptability is not up to the performance of Bitcoin and Ethereum yet. However, that may change with Vostok.
Denis Nagy, the CEO of Dolfin, commented,
“London is becoming an increasingly important destination globally for DLT and other disruptive technology projects. We are proud that Waves and Vostok have selected London as one of their technology сentres, as well as their trusted global hub for legal and financial expertise.”
Continuing, he said,
“Despite heightened investors’ interest in digital technologies, attracting private funding is often problematic due to the lack of financial infrastructure to support and structure the deals in the DLT space. Together with the Vostok team, we have developed a model familiar to private equity investors yet customized to enable the financing of the Vostok blockchain project.”
The decentralized crypto exchange for Waves was launched this year. They announced the new funding on Twitter, writing,