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Waves on Its Way to Meet Community Expectations

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Waves

Crypto buzz has reached every corner of the world within the past year. Though for better or for worse, Cryptocurrency Regulations and Official orders have played a major role in the widespread of altcoins and ICOs. Speaking of impressive altcoins which aim to shift the paradigm by their unique goals and features and surpass the crypto giants, one cannot ignore Waves Platform. It is one of the most successful altcoins ranked under top 50 on CoinMarketCap. When defined in layman’s terms, Waves Platform is a blockchain based platform for cryptocurrencies. For the past few years, this project has amassed a staggering fan-following (community) and is actively marching forward towards completing its roadmap goals.

Understanding Waves Platform and Cryptocurrency:

The Waves platform was designed to be an easy to use blockchain platform for the tokenized cryptocurrency. It offers companies and ICO parties to issue their tokens (tokenized cryptocurrencies) as a method to raise funds for their project developments. The symbol of Waves cryptocurrency is $WAVES and the platform was first released on June 6th back in the year of 2016. The algorithm is employed is SHA-256 hashing algo that generates 256-bit almost-unique signatures for a text. The cryptocurrency Waves is another aspect of the entire platform, it is used as fee that developers have to pay in order to run applications developed on Waves Platform. In short, the waves platform is user-friendly, better suited for crowdfunding and it can handle fiat transfers with the help of licensed gateways.

Waves Launches Testnet:

On 18th April which was just before a week after its ICO announced launching a new version of their platform, Waves 2.0 as a Testnet and invited users to test its functionality. It was their first release and worked as a boost after their successfully completed ICO that raised around $2 million USD within the first 24 hours. Announcing their Testnet just after three days of their ICO made investors participate in the development process of Waves. Waves are constructed on open source platform called ‘Scorex’ which was developed by Alex Chepurnoy and IOHK. The founder and CEO of Waves Sasha Ivanov have been an acquaintance with Alex but there is no formal relationship between Waves and IOHK as of now. The new version is supposed to lessen the key issues in cryptocurrency while enhancing the scalability and usability of fiat tokens on the blockchain.

Smart Contracts Protocol on Waves Testnet:

The most hyped recent achievement completed by Waves team was the activation of the smart protocol on Waves Testnet. The launch of smart contracts feature is supposed to come out in two stages. At first, the non-Turing complete contracts using RIDE language will implementation process of smart contracts via smart assets and smart accounts. It’ll be focussing on account handling and making Waves much more secure, flexible and powerful. In the second stage, the implementation of Turing-complete contracts using RIDEON language was completed. Waves outdid its several competitors with their phased approach towards the launch of smart contracts. With the release of smart contracts, now the Waves platforms allow operations such as

  • Multi-sign accounts
  • Token Freezing
  • Balance management/sweeping

Next Stop: Security Tokens

Security tokens are crypto tokens that derive their value from any external, tradable asset. It is subjected to federal securities regulations the same way utility tokens are. But with the rising uproar regarding numerous illegal utility tokens and ICOs all around the world has made crypto enthusiasts turn to security tokens that come with government and legal support.

On 7th May, Sasha Ivanov, the CEO, and founder of Waves Project admitted in a blog that the future of cryptocurrencies is security tokens. In addition to that, it’s impossible to make every token as utility token. There are various projects requiring a token of security nature like the projects that allow buy-back programs. According to Sasha’s words, it is evident that the team behind Waves is planning to add a security tokens support all over Waves ecosystem and offer a completely compliant solution for the trading and equity tokens issuance. The in-built decentralized exchange of Waves is best suited for security tokens support. The company is also working hard the licensing of Waves DEX as securities trading and issuance platform.

Market Positions:

At the time of writing, Waves is ranked as the 40th largest cryptocurrency of the world. According to the data on CoinMarketCap, the total market capitalization of Waves is approximately $675 million USD. The cryptocurrency currently has the individual price of $6.76 USD which is rising at a rate of 4.38%. The total volume which has exchanged hands within the past 24 hours is close to $29 million. It is listed on some of the biggest and secure cryptocurrency exchanges such as Changelly, CoinSpot, Bittrex, Tidex, Binance and ShapeShift. With the new features and enhanced usability of Waves Platform due to launching smart contracts has paved a clear path for Waves where it is more likely to grow further. Although the dynamic nature of cryptocurrencies makes investors and traders a bit wary before investing in any blockchain project it is safe to admit that Waves will remain an interesting project for months to come.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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