$ 1.31 (9.41%)
Waves (WAVES) - Historical Price Chart
About WavesMake a Suggestion
Waves is an open-source blockchain platform, which is developed, marketed, and operated by Waves Platform AG, that allows users to launch their own custom cryptocurrency tokens. Whilst 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.
The platform has a fixed supply of 100 million WAVES and uses a network consensus algorithm based on Bitcoin-NG, updated for proof-of-stake networks, called Waves-NG. Waves uses trusted gateways to issue blockchain tokens backed by fiat money and digital currencies for use on its own platform.
Waves was founded in 2016 by Alexander Ivanov, a Russian physicist, with development funded by a crowdsale held in April and May 2016. Waves’ community and development is international, with a wide range of initiatives built on the platform and based in different locations around the world.