Waves (WAVES) Crypto Exchange

WAVES is a decentralized blockchain-based service with its own cryptocurrency. Its main task is to exchange tokens. In addition, it is possible to support the so-called “Colored coins”. These include crypto assets that can be created by each member of the system. For example, it is possible to carry out tokenization of the company's shares or create a joint financing project.

In addition, users have the opportunity to create their own game token, a tokenized ticket to the event or even a means of payment. In this regard, WAVES has some similarities with NXT. However, there are differences, such as an advanced scripting language. This factor brings WAVES closer to Ethereum.

WAVES mining is impossible in the traditional sense. Only some members who are selected by the balance of the token can generate new coins. The rest of the network members have the right to transfer their tokens to delegates so that they have the opportunity to mine. The number of nodes is limited to 100, and finding a block takes around 10 seconds.