Review on Waves by Eve Vallenilla

The vulnerability of cryptocurrencies is represented by the volatility of their nature, as they are subject to the change in market value. However, to solve this difficulty, many mechanisms have been established around the search for monetary stability.

Waves uses the blockchain platform to create cryptographic protocols that are guaranteed by fiat money and other digital currencies.

What is the appeal of this platform?

With the Waves blockchain, any user can develop a digital monetary system that is endorsed by other cryptographic protocols or other legal tender currencies.

Why is this possible?

Waves facilitates the issuance of tokens due to the ease of use of its virtual machinery and the permanent provision of its open source before public exposure, which guarantees transparency in the creation and management of digital assets.

What characteristics make this digital currency relevant?

In addition to the virtues mentioned above, Waves has as its main characteristic the use of the proof-of-stake consensus protocol but with an improved and fairer version, known as FPoS.

With this version of PoS, Waves aims to contribute to energy savings by dispensing with the use of expensive computer equipment and balancing the reward system offered to those who participate in the coin minting process, through the possession of the native digital currency in their wallet .

The Waves team has concentrated on modifying their mining system permanently in order to achieve balance for all participants in the generation of the coin, regardless of the number of tokens they own.

We can conclude that this is clear, that Waves has a team of experts and a community committed to ensuring a fair platform to extract the digital asset and to market it easily and safely on a global scale.