Cryptocurrency Waves: the Complete guide

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On the platform there are many trading pairs, including BTC/USD, LTC/BTC and ETH/BTC. However, these pairs account for less than 3% of trading volume. The most popular DEX — pair bitcoin and WAVE.

Means of maintaining anonymity

To work with traditional currencies on DEX you need to pass the verification procedure, however, all cryptocurrency transactions are completely anonymous.

Tokens Waves and architecture

From other blockchain platforms Waves slightly different internal structure. To prevent the problem with scaling, it uses a two-level architecture based on complete and incomplete nodes. This platform differs from bitcoin with its concept exclusively full nodes.

Two-tier architecture

Lightweight nodes do not store the blockchain. Upon confirmation of the transactions and interactions in the network they depend on full nodes. Such a strategy borrowed from the client’s SuperNET, which has been successfully tested by NXT.

To maintain trust between incomplete and complete nodes Waves uses an algorithm Scorex. Instead of downloading the entire transaction history, lightweight nodes rely on the current state of the network. This is the basis of the simplified procedure of check payments.

Leased Proof-of-Stake (LpoS)

Only in circulation are the 100 million token WAVES. The platform uses a variation of the classical consensus algorithm Proof-of-Stake to maintain the integrity of the network. In the system Leased Proof-of-Stake, the user can return their tokens to “rent” the full nodes participating in the network.

To run a full node, you must have 10000 WAVES. Those who have no such sum, can participate in the network, handing over tokens to rent an open mining pool. The most famous pools are WavesGo and Wavesnode.NET however, the user can see the entire list node and choose the most suitable.

How to buy tokens WAVESБиржи

WAVES available on the various exchanges, including Bittrex and Binance. You must first purchase bitcoins or esters, transfer them to an exchange account and exchange for tokens. You can also use services like Changelly or Shapeshift.

DEX

WAVES can be purchased on a decentralized exchange DEX. Here they turn in pairs with BTC, USD and EUR (although the first has a much greater volume than the other two). Generally, the higher the volume, the easier it is to carry out the transaction.

Cranes

For those who want to get a few WAVES, but a tight budget, you can suggest “taps”. For example, the crane Wavesdrop gives each user about 0,0001 WAVES per hour. Of course, it’s a bit, but it’s free. All you need to do is enter the url of the WAVES and confirm that you’re not a robot.

Where to store the tokens WAVES

Best WAVES tokens to keep in your purse, released by the company. Keeping funds on an exchange, you run the risk of becoming a victim of hackers or bugs.

The purse is available online or as a Chrome extension. In the Apple App Store and Google Play you can download its mobile version.

Be sure to bring in your tokens to rent. This way you not only support the work of the network, but will receive additional remuneration.

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