Wave is a blockchain network and decentralized exchange that also allows people to create their coins. On this platform, you can trade or exchange these currencies too. The protocol of Waves also has the capabilities of smart contracts. Through the Waves platform, you can launch initial coin offerings (ICOs) for funding the project from anywhere around the globe. You will not need any skills in coding or administration. For startups, Waves can work as a great pathway to establish a business without hassles and on their terms.
If you are a beginner and don’t know much about Waves, do not worry. This guide will get you through.
Amazing Features of Waves That You Must Know
Following are the main key features of Waves that you must know about.
Creating Tokens
Among the standout features of this platform, the biggest one is the ability to create tokens. The process is incredibly swift; you can craft your token by filling out details like token name and supply. It only costs a single Wave to initiate this token creation. Once your token is ready, it automatically appears on the Waves decentralized exchange (DEX) for trading. Impressively, over 22,212 tokens have already been created using the Waves protocol.
Enhanced Functionality With Plugins
Waves’ blockchain is built for innovation, allowing nodes to introduce new transaction types through plugins. Plugins work as extensions that increase the main network. Interestingly, even nodes without the specific plugin can still process transactions involving custom tokens.
Decentralized Exchange
Waves boast a decentralized exchange that sets it apart from the rest. Uniquely, this exchange offers multiple gateways for converting fiat to cryptocurrencies. Within the DEX, you can exchange USD, EUR, CNY, and more for various digital currencies. The best part? Every token created on Waves is instantly listed on the DEX, opening up seamless trading possibilities.
Waves Wallet
Easily accessible through a Google Chrome Extension, the Waves wallet empowers users to manage their digital assets. Beyond simple asset handling, this wallet easily integrates with the Waves decentralized exchange. You can effortlessly trade crypto and fiat directly from your computer or mobile device.
Top 4 Advantages of Waves
There are many advantages of Waves. Some of them are:
User-Friendly
When it comes to ease of use, Waves takes the lead. Waves simplify the process, unlike other blockchain platforms, which demand familiarity with languages like Solidarity for developing DApps and smart contracts. While Waves-based tokens might not match the technical complexity of other tokens, they shine for their straightforward programmability. This makes them an excellent choice for businesses seeking basic functionalities, such as those used in ICOs, utility tokens, and loyalty programs.
Staking Opportunities
Waves users can participate in staking to earn rewards. The network relies on stakes to ensure blockchain security. To run a full staking node on the network, a stake of 1,000 Waves is required. This Proof-of-Stake model encourages larger deposits, thereby making participants accountable for potential financial losses that may arise from malicious activities.
Effortless Trading
Waves grants users access to a potent decentralized exchange (DEX), enabling seamless trading between Waves-based tokens. Unlike other networks, Waves offers the convenience of trading crypto tokens without the complexity of extensive smart contract programming. This accessibility to liquidity makes it an attractive choice for launching tokens swiftly.
DApp Development
Compared to the other networks, where developers pay fees in the form of Gas, Waves eliminates these fees in favor of a nominal flat fee. This shift paves the way for developers to create more robust and feature-rich DApps.
To Wrap It Up
Waves is a famous blockchain network with its own cryptocurrency named WAVES. It offers a platform to create your own coin and trade it. You can invest in Waves through C4Changer; we are the most reliable exchanger in the UAE. You go to our website to check the current exchange rate of Waves to Dirham.
