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Riding the Waves of Innovation

when was waves founded?

Waves is a versatile blockchain platform with a wide range of applications, including smart contracts and decentralized applications. The goal of Waves is to create an ecosystem that accelerates the transition from centralized to decentralized systems and gives users full control over their assets, personal data, and privacy.

When Was Waves Founded?

Waves was founded in 2016 and has since developed several blockchain-based products. Waves’ technology aims to meet the needs of businesses and developers looking to leverage blockchain platforms.

In June 2016, Waves was founded, one of the earliest Initial Token Offerings (ICOs) in the cryptocurrency market. Waves was founded to provide efficient, straightforward, and simple blockchain solutions. Since its debut, Waves has made changes to its original design and added additional components.

As Waves gained popularity over time, the maximum supply of Waves tokens was increased in 2019. The Waves coin is used for standard payments like Block Rewards. Block Rewards now consists of six Waves tokens. Every 110 thousand blocks, these benefits are reduced by 0.5 Waves (about 70 days).

Founded By Whom?

In 2016, Ukrainian scientist Alexander Ivanov founded the Waves platform.

Prior to the Waves project, Ivanov worked in the field of digital currency. Ivanov founded both the failed cryptocurrency network Coinomat and the indexing website Cooleindex. Currently, more than 200 employees work for the Waves platform.

Waves Cryptocurrency Market Data

The initial coin offering (ICO) of the cryptocurrency Waves took place in April 2016. During the ICO, 30 million Waves worth 100,000 BTC were created, of which 85% were distributed to participants, 9% to developers, 4% to partners and supporters, and 1% to early backers who joined the network after the ICO. Waves, the platform’s native token, has no set maximum value.


riding the waves of innovation

What Makes The Waves Project Different?

Waves aims to facilitate the development of blockchain platforms and products in their infancy.

Waves stands out for its speed and ease of use, as well as its smart-contract models and support for dApp development.

Since its inception in 2016, Waves has expanded its offerings to include a variety of new services. Waves’ complementary services include Gravity Cross-Chain and Neutrino, a decentralized finance platform (DeFi) that operates independently of the Oracle network. Waves DEX is a decentralized trading platform for digital currencies.

What Is The Function Of The WavesNG Consensus Algorithm?

WavesNG is an improved proof-of-stake (PoS) consensus mechanism. This consensus mechanism was developed based on Bitcoin NG scaling efforts initiated by Emin Gün Sirer, a well-known Bitcoin (BTC) enthusiast, Cornell University lecturer, and founder of Ava Labs, AVAX.

WavesNG’s transaction speed is 100 transactions per second. This is equivalent to seven Bitcoin, fifty-six Litecoin, and twenty Ethereum.

Waves Coin Whitepaper

Waves’ whitepaper describes the platform as “tomorrow’s inventions for today’s people.” The goal of the platform is to “develop technologies and make them available to the developers of the future.” Download Waves’ whitepaper to learn more about the platform’s purpose and goals.

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