$120 Million Raised by Waves Platform as Launch of Private Blockchain Nears

[PRIBO247]

Blockchain network Waves Platform has raised US$120 million in
a funding round allowing it to roll out Vostok, a private blockchain
platform and system integrator that was developed with public
institutions and large enterprises in mind.
The fundraising round was led by Dolfin, a financial services group
based in London, and mostly involved private investors, according
to Bloomberg. The Waves Platform cryptocurrency reacted
positively to the news appreciating by close to 50%. Waves has
now attained a market capitalization of over US$400 million.

Per the founder of Waves Platform, Sasha Ivanov, there is a need
in the market for decentralized networks such as Vostok and this
will continue to be the case:
The cryptocurrency rush is over now, while the idea of
using a decentralized network to store data and cut costs
is still relevant.
Use Cases for Private Blockchains
According to Ivanov, private blockchains are filling a void left by
public blockchains as they can offer better protection of data. The
target markets for Vostok are mainly in Asia, Europe and the
former Soviet republics. The initial projects on the platform are
expected early next year.
This comes less than two months since the Waves Platform hit a
milestone when over 6.1 million real-time transactions were
processed in a stress-test with no delays or disruptions in the
network as the test was being carried out.

Additionally, no slowdowns were experienced by users for token
creation, transfers or decentralized exchange orders. At peak
times, the platform was able to handle hundreds of transactions
every second.
Per Ivanov, the platform beat more prominent blockchain networks
hands down with regards to the speed of processing transactions:
Bitcoin processes just a few transactions per second.
Ethereum’s capacity is into double-digit tps, and a
handful of other blockchains have improved on this
incrementally in various ways. WAVES has implemented
tech that enables a step-change in transaction volumes
— not just in the lab, but in the real world, on MainNet, as
these figures prove beyond doubt.

Big Plans for the New Year
Other positive developments on the Waves platform which have
contributed to its token rising in value and entering the top 20 list
based on market capitalization include the introduction of a smart
contract functionality in September. Earlier this month, Waves also
released a wallet add-on for Firefox.
In the coming year, Waves is planning a second funding round.
Additionally, the blockchain platform, which has a decentralized
exchange of its own with 69 tradeable coins already listed on it,
also intends to launch trading on its Maltese virtual financial
assets exchange in 2019.

https://www.ccn.com/

[bubblebubble]

So now I justify the big jump of Waves.
I like Waves project and the new dex platform.
Very professional.

[PRIBO247]

So now I justify the big jump of Waves.
I like Waves project and the new dex platform.
Very professional.

yeah! waves is among my favorite coins. The developer is really doing some awesome work on the platform with updates and new features almost everyday.

[Malam90]

I have read the news. It is a good sign for Waves holders. This news has influenced a greatly on waves price recently. Waves pumps 200%+ last few days. So it is time for waves holders who were waiting for long times.