Waves Blockchain Smart Contracts Go Live On Testnet

Well-known token creation platform WAves recently announced the launch of smart contracts on the Waves TestNet. A version of the smart contract is scheduled to be out as soon as April 28th, although that won’t be their final iteration.

The waves smart contracts include token and account controls which gives functionality to implement a list of features which includes a multi-signature wallet, atomic swaps, 2-factor authorization and much more. Additionally, the team plans to introduce what they call “Data Transactions”, a way to post Oracle data to the blockchain all within the smart contract code.

Regarding these developments Waves CEO and Founder Alexander Ivanov commented,

“It’s really important to do this right. Non-Turing complete contracts will cover a large proportion of use cases, including smart accounts and smart tokens. These will be available from the Waves client for all users and will not require any specialist knowledge or expertise.”

Waves TestNet enable you to make custom tokens, which means you can launch your own cryptocurrencies. You can also decentralize trading and crowdfunding, as it has integrated fiat currency gateways like USD/EUR/CNY right in your wallet. Via Waves, you can also launch ICOs to fund your projects from around the world in a matter of minutes, without going through intensive cryptocurrency coding. This will make life easier for startups and open up a new era of community-backed projects. The Waves cryptocurrency (WAVES) has real-world tradable value on various exchanges.

The waves team has been really impressive this last few months by having the wallet and platform improve nearly every week. The platform goes on to MainNet in June 2018.

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