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Waves (WAVES) Comes Out with Flying Colors

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Waves
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In the highly competitive crypto market, it’s becoming increasingly difficult to maintain a consistent progress. This year, which has seen some devastating performances from the popular currencies and witnessed a boom in altcoins. With the traders selling off their assets in favor of lesser-known alternatives, blockchains like Waves has emerged as a big winner. A little insight into Waves will reveal that the currency is presently trading and is presently trading in the green. What’s more, it has anchored its place in the market as the fastest crypto. If you are unaware about the Waves-craze that’s rocking the market, here’s a summary of its latest accomplishments.

Waves (WAVES): The Fastest Crypto in the Market

Speaking of Waves performance in the market, its uptrend can be traced back to the Bitcoin’s decision of renewing the consensus to embrace the next-generation of blockchain protocols, leading to the formation of Bitcoin NG. Bitcoin NG was conceived by Ittay Eyal and Emin Gun Sirer with the vision of creating an improved blockchain, free from the flaws and deficiencies in the consensus of Bitcoin. Subsequently, Waves adopted the NG consensus that was developed for Bitcoin’s next-generation protocol, meant for rendering the network faster. Wave’s appropriation of the NG consensus was motivated by these factors, as it anticipates creating a lightning fast network that is both user-friendly and rich in high-end security features. At any rate, Waves has successfully managed to achieve fast processing time, where thousands of transactions are executed within just one minute. Needless to say, such a feat is unthinkable and crowns it as the fastest platform in the market.

The above-mentioned consensus, which was added to the Waves Main Net, was introduced last year. Right after the implementation of the consensus, the Waves miners reported the acceptance of the improved Waves NG protocol and its popularity among the mining enthusiasts. Interestingly enough, the algorithm of the consensus, which was developed to cater to the deficiencies in Bitcoin’s existing protocol, was later deployed, alongside Waves NG, as a blueprint to implement the proof-of-stake protocol, making it the first instance where a new generation consensus was integrated into a blockchain network.

Today, Waves, which is acknowledged as the fastest platform in the market, can process several thousand of transactions within 60 seconds, which strengthens its status as user-friendly blockchain network.

Waves Release Smart Contracts on Waves’ Testnet

On April 28, 2018, Waves Platform announced that the Waves Smart Contracts will be available on Waves’ Testnet. It also mentioned that the Testnet, aside from allowing access to the much anticipated Smart Contracts, will offer additional features and can be downloaded from github.com.

As evident from the reports disclosed by the Waves platform, it anticipates taking the project to the moon once the contracts are operational on Testnet.  Such an accomplishment definitely takes Waves to a new height wherein it can be included in the list of blockchains aiming to challenge Ethereum’s dominance in the realm of Smart Contracts. Some popular names to join the tribe include Stellar, Zilliqa, Tron, EOS, as well as Ripple, which is armed with its new Codius project.

What is interesting to note is that the announcement of the launch coincides with Ethereum’s security breaches; as per the news, Ethereum, which ranks second by market capitalization, has attracted the critics’ attention as its smart contracts divulged security vulnerabilities.

The Waves Smart Contracts, which anticipate toppling Ethereum’s ascendancy in the field of Smart Contracts, will include the following beneficial features:

  • Support for multi-signature wallets
  • No gas for non-Turing complete smart-contracts
  • Easier and cheaper alternative to the Ethereum counterpart
  • Faster distribution and expeditious trades
  • Provisions for atomic swaps in the future
  • Options for token freezes
  • Support for Dapps and other decentralized applications.

The recent updates on the Waves’ blockchain have managed to boost the network’s transaction speed. Apart from executing an average of 100 transactions per second, the platform also comes with other notable advantages like zero restrictions on withdrawals.

Why Waves Stands Out From Its Peers?

The success of blockchain platform can be directly accorded to its developing team, and Waves development team has done a fantastic job, provide users with improved features. Investors can also benefit from ICOHub which allows Waves users associated with different projects to be hauled into the Waves network.

Conveniently enough, all users can initiate crowdfunding campaigns and launch new ICOs, provided the projects are upvoted by the Waves community. Projects with maximum votes will immediately elicit the attention of the development body, which can regulate the projects, helping project owners to actualize their ideas.

When it comes to security, Waves account holders can expect reliable services, with facilities like trading at low fees and within the shortest time span.

Waves and the Crypto Market

With many bigger currencies turning to red, investors vying for profitable currencies, which are not only rich in features but boast top-quality security standards. The growing interest in this promising altcoin can be attributed to its recent updates. As per the price records, the coin has seen some excellent responses in the market. Tracking the price of WAVES, the coin has moved up by 5.02% from its earlier position and has been trading in green. With a market capitalization of $693,948,000 at the time of writing, Waves is trading at $6.94. At this rate, the currency, which is ranked 40 by market capitalization, is prepared to enter a new phase characterized by a steady growth.

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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.

Image courtesy of Kacper Gunia via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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