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Author Topic: What is waves token?  (Read 130 times)

JocelynKim

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What is waves token?
« on: October 25, 2019, 01:56:36 PM »
Can someone explain me about the waves coins and its work?

Penny_btc

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Re: What is waves token?
« Reply #1 on: November 02, 2019, 02:18:57 PM »
The Waves platform uses the language Scala, and uses the proof-of-stake (PoS) consensus model. It uses an algorithm - WAVES-NG - to ensure safe gateways and fast transactions. It has incorporated not only other cryptocurrencies such as Bitcoin and Ethereum, but fiat currencies as well.

The transactions are currently done using peer-to-peer transactions, which ensure that there is no middle-man involved.

Like other cryptocurrencies, Waves is a blockchain based platform, which ensures that network is decentralized and not constrained to a single server, and is available for all to view. The information is stored in ledgers, and cannot be modified or deleted.

Waves not only allows building of own crypto tokens but also allows you to store them in your own wallet. The wallet also allows you to store other tokens, as well as provides safe gateways to fiat currencies. Smart Contracts can be used for transactional processes. They allow users to set terms for the contracts, and the contracts are only executed when the conditions have been met. While the contracts are Non-Turing unlike Ethereum, they are a safe way to ensure that all parties involved delivering.

But, as per the market I think it is right time to exchange waves btc

 

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