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
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…