Buy Waves
What is Waves?
Waves is an open blockchain platform that offers a comprehensive development toolset for building Web 3.0 applications and decentralised solutions. It is designed to allow users to easily create and deploy custom digital tokens without requiring extensive programming skills, making it particularly user-friendly for developers and entrepreneurs looking to integrate blockchain technology into their projects.
How does Waves work?
Waves operates on a multi-layered blockchain structure, combining a centralised core, consisting of full nodes that maintain a comprehensive record of all transactions, with a decentralised external layer of lightweight nodes that pass recent transactions to full nodes for registration. The platform employs a Leased Proof of Stake (LPoS) consensus mechanism, which allows WAVES token holders to lease their tokens to nodes to increase the nodes' chances of generating new blocks. Additionally, Waves utilises the Waves-NG protocol to improve scalability by enabling faster transaction processing through the use of key blocks and microblocks. Smart contracts on the Waves platform are written in a language known as RIDE, which is Turing-incomplete and designed for simplicity and efficiency.
What are the potential use cases for Waves?
Waves supports a wide range of use cases, including:
- Tokenization: Custom token creation for crowdfunding, ICOs, loyalty programs, and in-app currencies.
- Decentralized Finance (DeFi): Applications for stablecoins, cross-chain swaps, and capital management.
- Decentralized Exchange (DEX): Facilitating peer-to-peer trading of cryptocurrencies with low fees and no limits.
- Smart Contracts: Enabling developers to build DApps efficiently, tailored for various industries such as gaming, supply chain management, and financial services.
What is the history of Waves?
Waves was founded in 2016 by Russian entrepreneur Alexander Ivanov, who aimed to create a blockchain ecosystem that simplifies the creation of decentralised applications and solutions. It started with an ICO in April 2016, raising over 16 million USD, and the blockchain platform was launched later that year. Over the years, Waves achieved significant milestones, including the introduction of the Waves-NG protocol for scalability, the RIDE language for smart contracts, and the transition from Waves DEX to the more versatile Waves Exchange. Noteworthy collaborations, such as the token partnership with Burger King for the Whoppercoin, have highlighted Waves' potential for real-world applications. The platform continues to grow with a substantial user base and robust community involvement.
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Frequently Asked Questions (FAQs)
What is the current price of Waves (WAVES)?
The Waves price is $2.3371 AUD, representing a +7.75% from the day prior.
Where is the best place to buy Waves (WAVES) in Australia?
The best place to buy Waves (WAVES) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Waves (WAVES) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Waves (WAVES)?
The trading volume of Waves (WAVES) is $16.4M AUD in the last 24hrs, representing a +7.75% from the day prior.
How can I buy Waves (WAVES)?
Waves (WAVES) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Waves (WAVES)?
The current market cap of Waves (WAVES) is $236.1M AUD.
Can I convert Waves (WAVES) to cash?
Yes - With Coinstash you can convert your Waves (WAVES) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Waves (WAVES) are there?
The current circulating supply of Waves (WAVES) is 100.0M.
Is Coinstash a safe place to buy Waves (WAVES) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Waves (WAVES) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.