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Waves Forum / Re: Waves hold for longterm Good or Not?
« on: February 28, 2021, 12:16:34 PM »
i think its a good investment , Waves is a blockchain ecosystem that functions as a cryptocurrency, a token launch platform, and a DEX. The developers behind the project sought to introduce a powerful toolset to aid in the development of Web 3.0 decentralized solutions. Their goal was to design an easy to use Ethereum alternative to promote blockchain mass adoption. To this extent, the platform’s #DevelopmentTeam succeeded spectacularly.
What Problems Does Waves Solve?
Waves attempts to correct one of the oldest issues in the crypto market, confusion. For most people, the prospect of programming and launching your own token seems like an impossible task. However, Waves enables anyone to create and launch custom crypto tokens without any prior understanding of the technology.
The removal of technical barriers from the token creation process is a huge benefit to the sector. Impressively, it’s been stated that you can create a basic token in under five minutes. The simplification of the tokenization process helps to ensure that Waves can ensure value transfer via “tokenization” for a variety of real-world assets. In this way, Waves is ideal for crowdfunding, simple ICOs, and loyalty programs.
Benefits of Waves
As a pioneering force in the market, Waves promotes mass adoption through simplicity. There are a ton of benefits gained from using this next-generation cryptocurrency. Here are the top reasons investors continue to flock to this coin. Developers plan to expand on their tokens capabilities in the future. If they succeed in creating a token that is comparable to Ethereum’s options, there is a great chance that Waves will be able to capture a significant portion of Ethereum’s traffic.
Easy to Use
There is no easier way to create your own token and take advantage of simple blockchain functionality. Comparingly, Ethereum, the most popular Dapp blockchain, requires developers to understand programming languages such as Solidarity to create Dapps and execute smart contracts. These requirements add significant overhead to any crowdfunding campaign.
Keenly, Waves-based tokens are not as technically robust as Ethereum tokens. However, since they are so easy to program, they are the perfect solution for firms who need basic functions such as those used in ICOs, utility tokens, and loyalty programs.
Staking
Waves users can stake their crypto and earn rewards. The network utilizes stakers to keep the blockchain secure. Notably, you will need to stake 1,000 Waves to run a full staking node on the network. Proof-of-Stake networks require users to make larger deposits to participate as a node to ensure that they share any potential financial losses that could occur if they run a malicious node.
Trading
Users gain access to a powerful decentralized exchange (DEX) when they use Waves as well. You can trade any Waves-based token with any other Waves-based token in seconds. The network allows you to create and trade crypto tokens without the need for extensive smart contract programming. It also provides new projects with instant access to liquidity making it ideal for token launch strategies.
Dapps
Another draw for Waves is its zero-fee structure for developers. In the Ethereum network, developers pay fees in the form of an internal cryptocurrency called Gas. Originally, this fee was meant to ensure no subpar enter the blockchain and reduced functionality. Waves eliminates gas fees and replace them with a minuscule flat fee. In this way, developers can create more robust Dapps for users.
What Problems Does Waves Solve?
Waves attempts to correct one of the oldest issues in the crypto market, confusion. For most people, the prospect of programming and launching your own token seems like an impossible task. However, Waves enables anyone to create and launch custom crypto tokens without any prior understanding of the technology.
The removal of technical barriers from the token creation process is a huge benefit to the sector. Impressively, it’s been stated that you can create a basic token in under five minutes. The simplification of the tokenization process helps to ensure that Waves can ensure value transfer via “tokenization” for a variety of real-world assets. In this way, Waves is ideal for crowdfunding, simple ICOs, and loyalty programs.
Benefits of Waves
As a pioneering force in the market, Waves promotes mass adoption through simplicity. There are a ton of benefits gained from using this next-generation cryptocurrency. Here are the top reasons investors continue to flock to this coin. Developers plan to expand on their tokens capabilities in the future. If they succeed in creating a token that is comparable to Ethereum’s options, there is a great chance that Waves will be able to capture a significant portion of Ethereum’s traffic.
Easy to Use
There is no easier way to create your own token and take advantage of simple blockchain functionality. Comparingly, Ethereum, the most popular Dapp blockchain, requires developers to understand programming languages such as Solidarity to create Dapps and execute smart contracts. These requirements add significant overhead to any crowdfunding campaign.
Keenly, Waves-based tokens are not as technically robust as Ethereum tokens. However, since they are so easy to program, they are the perfect solution for firms who need basic functions such as those used in ICOs, utility tokens, and loyalty programs.
Staking
Waves users can stake their crypto and earn rewards. The network utilizes stakers to keep the blockchain secure. Notably, you will need to stake 1,000 Waves to run a full staking node on the network. Proof-of-Stake networks require users to make larger deposits to participate as a node to ensure that they share any potential financial losses that could occur if they run a malicious node.
Trading
Users gain access to a powerful decentralized exchange (DEX) when they use Waves as well. You can trade any Waves-based token with any other Waves-based token in seconds. The network allows you to create and trade crypto tokens without the need for extensive smart contract programming. It also provides new projects with instant access to liquidity making it ideal for token launch strategies.
Dapps
Another draw for Waves is its zero-fee structure for developers. In the Ethereum network, developers pay fees in the form of an internal cryptocurrency called Gas. Originally, this fee was meant to ensure no subpar enter the blockchain and reduced functionality. Waves eliminates gas fees and replace them with a minuscule flat fee. In this way, developers can create more robust Dapps for users.