It is not quite correct to call Waves a cryptocurrency, since this project is a fully decentralized platform, where you can exchange tokens. In this article we will take a closer look at this project, learn about its history, analyze its prospects and get acquainted with the forecasts of analysts. So, let’s discuss everything step-by-step.
(please, click the topic to scroll down to it)
- What is Waves cryptocurrency?
- A brief history of creation
- Prospects of Waves cryptocurrency and outlook for 2018
As we already mentioned earlier, the Waves project is more than just a coin, it is a full-fledged platform where users have the opportunity to create their own assets and exchange them. They are also called “colored coins” and can be used for completely different purposes. For example, you can easily create a decentralized analogue of a company’s shares, tickets for events, anything up to your own paper (fiat) currency on the base of this platform.
During the development stage, a great emphasis was placed on crowdfunding. At a time when the development team was working on the idea, they were worried about solving a number of problems that similar solutions on the market had already encountered:
- deficiency of functions for attracting investments;
- increased volatility of user tokens.
According to the developers, in the future users will have the opportunity to create their own campaigns to raise funds directly from the Google Chrome plug-in. The existing client assets can be traded directly on the internal exchange of the platform. At the same time, it should be noted that it is absolutely anonymous and has an increased level of security. The developers are sure that trading in this format will not provoke problems with regulators. In general, the idea is not new, it has already been implemented in the NXT project, but Waves did work on the bugs, since the same people were working on the development of both projects.
In short, Waves is a decentralized platform, where the following features are implemented:
- trading of any goods;
- stock trading with various assets (including fiat money);
- innovative crowdfunding system.
According to the latest news of Waves cryptocurrency, the developers managed to solve the fork problem by introducing a new functionality through plug-ins. Thus, the coin will develop more stably, without the risk of the community split.
Waves started out more than two years ago, in the spring of 2016. It was created from absolute scratch on its own blockchain. The platform was based on the NXT platform. 30 thousand BTC were collected during the ICO. At the initial stage of the project development, its creators have partnered up with a fairly large-scale service, Mycelium cryptocurrency wallets, the CEO of which was presented as a guarantor for the startup Waves. Mycelium wallet was the first one to support Waves, which significantly accelerated and simplified the distribution of coins.
Unlike most new coins, the website of Waves cryptocurrency has not published yet another promise to change the world, but a specific list of achieved goals. The project has a specific plan for the implemenation of coins offline. The developers promise that in the nearest future the system users will be able to independently set the limit for the release of their tokens and also freely trade them on the domestic exchange. At this point in time the team is actively working on establishing communications with regulators.
At this point in time, the Wave cryptocurrency exchamge rate varies at about $3, the total capitalization is about $300 million, and it is the 42nd in the Coinmarketcap rating. The historic maximum was in the January of 2018, when the coin reached $17. It has every chance of growing in value by hundreds of percent until the end of this year. The prognosis given by the analysts is quite careful, as much depends on the implementation of all the plans by the team. If the developers manage to come to an agreement with the regulatory authorities and enter the real sector of the economy, Waves cryptocurrency rate will show an upward jump. Given that the emission of the coin is limited to 100 million pieces, the project should not have any major problems with inflation. Therefore, Waves can potentially jump up to $1000, but the team still has a long way to go to achieve this.
The Waves project is unique, since it is built on its own blockchain. The platform has already been on the market for two years, and the development team is clearly following the road map. At this point in time, the project has already achieved success. You can buy Waves cryptocurrency as an investment asset, because the project has great prospects. But you have to keep in mind that you need to be patient when investing into Waves, as the development team still has to do a fairly large-scale work. Therefore, it is necessary to consider long-term investments in this project. Do not forget about the diversification of risks, avoid storing a large percentage or even all of your capital in one place.
Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/