Waves is an open-source blockchain platform,developed, marketed, and operated by Waves Platform AG, that allows users to launch their own custom cryptocurrency tokens. Whilst other popular cryptocurrencies such as Bitcoin and Ethereum can be traded on external exchanges, and Ethereum allows users to create new tokens on the platform using a smart contract, Waves includes this functionality in its core software and wallet. Users can create, transfer and exchange blockchain tokens on a peer-to-peer basis, paying transaction fees in the native WAVES token.
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