WAVES: The Basics- WAVES is decentralized, blockchain based platform, which can be used for trading and various other exchanges. The platform is fueled by the cryptocurrency of the same name - WAVES.
- It allows not only usage of various other cryptocurrencies for transactions but also give you the option of creating your own customized cryptocurrency using this platform. It also allows the usage of Smart Contracts.
- The transactions on this platform can be done using the chosen token, but the fees of the transaction have to be paid using the WAVES cryptocoins.
- WAVES was created by the Russian physicist, Alexander Ivanov, and officially launched in November 2016. Creation of own crypto-coins and Decentralized Apps (DApps) has been possible ever since the launch of the network.
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