Waves Platform very promising for 2018

Waves Set to Make a Big Splash in 2018


Waves was created as the answer to all of the blockchain’s biggest problems, including speed, scalability, and user experience. Launched in 2016, the open-source blockchain platform has been steadily launching new features on their network ever since.

They are the first blockchain platform that has managed to find an easy way to allow anyone to create their own token. All you need is 1 WAVES token, a name and description of the token you wish to create, and an idea of how you want it to be structured. Presto! You’re all set.

Waves’ slogan used to be “your blockchain token in one minute.” While that’s still true, Waves has evolved into much more than that. In April 2017, the team successfully launched its decentralized exchange on which the created tokens, existing cryptocurrencies, and fiat currencies can be traded.

Recently Waves has made a big splash, claiming they are now the “fastest blockchain network in the world.” A recent stress test on the Waves network revealed that the platform is capable of processing 190 transactions per second. To put that into perspective, Bitcoin can process 3 to 4 transactions per second, while Ethereum processes about 20 per second.

The Waves team are clearly working hard to stand out above the fierce crypto competition, and they have plenty of new and improved features up their sleeves. Let’s take a look at what their roadmap looks like to see what the future holds for this growing platform.

The Waves Roadmap

https://www.investinblockchain.com/w.../12/waves1.png

Now that Waves has a fully functioning ecosystem with gateways, a working decentralized exchange, and a series of user-friendly interfaces for desktop and mobile devices, the team is gearing up to roll out some advanced features that target mass adoption.

What does 2018 have in store for the Waves platform? We can expect to see several new features added throughout the new year.

Smart Contracts

We can expect Waves to implement a form of smart contracts during 2018.

The team has emphasized that their smart contracts will not be the same as Ethereum’s Turning Complete contracts. There have been some issues with Ethereum’s approach — just look at the Parity wallet fiasco. A hacker managed to exploit a critical flaw in the Parity multi-signature wallet on the Ethereum network, which allowed them to steal $31 million worth of Ether in a matter of minutes. The hacker could have made off with hundreds of millions of dollars more, had a group of white-hat hackers not prevented this from happening.

Clearly, Ethereum’s smart contract approach has some serious vulnerability issues, and the Waves team has taken note of this. That’s why they plan on unveiling a more secure version for their platform.

The team explained in a blog post:

“Waves’ smart contracts will be a more direct generalisation of bitcoin scripting that will be able to handle most of the same use cases without the security implications. It’s a better and safer approach for business logic, whilst still comprehensive in its capabilities.”

Tokenomica

Waves has been working with top legal firms to release something called Tokenomica next year. Tokenomica will be a centralized platform built on top of the Waves blockchain. It will provide a 100% compliant legal framework for different types of token crowdsales, including private equity crowdsales. The team expects this to be a big use case for Waves, and one that will bring many new users to their ecosystem.

You can subscribe to their mailing list to get updates on Tokenomica on their web page.

Blockchain OS 2.0

The team is set to release a full overhaul of the user interface of their decentralized exchange, plus some great new features as well, on December 13th. This will be called Blockchain OS 1.0. If you happen to be in Amsterdam then, you can attend the release party!

During a Q&A session in their Slack channel, Founder and CEO Sasha Ivanov posted this screenshot as a little teaser for the upcoming release:

https://www.investinblockchain.com/w...2.00.12-PM.png

After the release of Blockchain OS 1.0, the team will dive into work on even more updates and features to be released in 2018. This second version will be called Blockchain OS 2.0, and we can expect it to further improve and strengthen Waves’ decentralized exchange more than ever.

Multisignature Transactions

To improve security, multisignature transactions are on track to get released on the Waves blockchain in 2018.

What does that mean? A multisignature (often abbreviated multisig) address is an address that is associated with more than one private key. A multisig transaction is a transaction that sends funds from a multisig address. This essentially provides more security by increasing the difficulty of stealing coins. With different keys on different machines, a hacker would have to compromise both, which is very difficult.

Blockchain Messaging System

Lastly, the Waves team has announced that they are working on releasing a blockchain messaging system next year. This will enable fast, encrypted communication between users on the Waves platform. This feature will make using Waves’ platform even more enjoyable and convenient than it already is.

The Future Looks Bright for Waves

With all of these new features expected next year, 2018 is sure to be a thrilling time for Waves and its users. As the team continues to work hard on improving their platform, we can expect to see Waves continue to grow and gain popularity. The new year looks like it will be a very prosperous one for Waves!

Over at the Waves subreddit, the community is already getting excited for what 2018 has in store.

“Waves is the blockchain revolution. I know Waves is going to the moon,” u/juanenreddit posted. “Waves just keeps getting better!” commented u/biggzi. u/yoyoamigo wrote, “2018 will be so epic for Waves.” And moderator u/Yams_Fordena heartily agrees: “2018 will be Waves’ time to shine!”

https://www.investinblockchain.com/waves-roadmap-2018/

Sounds good to me. I’ve got some alts to trade, I think I’ll trade some into Waves. It would be cool to get in on a $10 coin before it hits $100+.

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Originally Posted by madfranks

Sounds good to me. I’ve got some alts to trade, I think I’ll trade some into Waves. It would be cool to get in on a $10 coin before it hits $100+.

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The best part is with Waves you can lease your coins to a pool to earn interests on the network transactions. I lease mine to WavesGo which is the largest pool. They do payouts every Thursday. Since you're just buying and holding it's a good way to earn some additional income without really doing anything.

The coins never leave your wallet while leasing, they are just not able to be used. Think of it like a CD or an IRA. You control the funds, but they are locked for a specific time frame. However with Waves there is no time frame and you can cancel the lease at anytime.

When you lease you also get in on airdrops of ICOs that are released on their platform as well as other rewards.

I am planning to get into waves after btc plunge and bch surge to $4000. It seems waves follow btc more, bch is anti-btc.

Waves and leading market players are founding a new self-regulatory body to set standards for ICOs

Waves Platform is creating a self-regulatory body that will provide reporting, legal, tax & accounting, KYC and business due diligence standards for ICOs and blockchain industry. The organisation will be founded as an association, with Switzerland being the most obvious choice for location. It will be open to all crypto market leaders: exchanges, marketing companies, ICO platforms, blockchain platforms, professional services firms and reputable individuals.
“Regulation is clearly an emerging phenomenon and concern in the crypto space. If certain jurisdictions have not yet announced their intentions, then it’s only a matter of time. Waves has always been clear that regulation — the right kind of regulation — is a good thing for the crypto space. We have also been clear that we want to be a part of that emerging dialogue. We want a seat at the table to be able to shape the future of regulation in the ICO and blockchain space,” says Alexander Ivanov, CEO and founder of Waves Platform.
The founding self-regulatory body will be working with the ICO Governance Foundation (IGF) and other professional foundations to coordinate on cross-platform ICO disclosure protocols.
“The Waves Platform is taking a leadership role in working with the IGF on ICO disclosure standards” said Miko Matsumura, Founder of the ICO Governance Foundation. “By exhibiting leadership here they are expanding the scope of what it means to be a platform for token creation.”
The organisation will be blockchain-agnostic, providing best business practices for token sales on all platforms. Naturally, it will be the recommendation for all Waves token sales to come. Leading market players and advisers, including Deloitte CIS, ICO Governance Foundation, Ethereum Competencies Centre — have stated their support for the association.
“In my opinion, tokenisation of the economy and cryptocurrency fund raising are some of this year’s key trends and will remain so for several years to come. Lack of best practices and standards is a serious obstacle to further expansion of these instruments that poses risks both for investors and issuers. Deloitte CIS is making significant efforts to contribute to the development of regulation at the government level across our region and is fully supportive of the initiative to create an industry association that would set and maintain unified rules of the game. We fully support the goals of the proposed organization and believe this infrastructure is vital at this stage of the ICO market development” said Artem Tolkachev, Deloitte CIS blockchain practice leader.
“Joint and voluntary initiatives such as this self-regulatory body for token sales are a critical element in the professionalisation of the blockchain industry. As custodians of some of the most remarkable and disruptive technology ever created, we must be seen to be fostering its responsible use as well as building functionality and maintaining the security of the ecosystem,” adds Vladislav Martynov, Head of Ethereum Competence Center.
The association will have several major functions and spheres of activity:
Creation of reporting guidelines for ICO projects. This will include KYC for project leaders, identification standards and background checks. Partnerships with leading law firms and counsels will be valuable here. Association will be working with the ICO Governance Foundation to ensure compliance with IGF-1, the global self-regulatory disclosure protocol.
KYC/AML guidelines for ICO investors. These will include identification standards, blacklisting checks, cooperation with the Financial Action Task Force on Money Laundering (FATF), and so on.
Business due diligence. Assessment of a project’s viability in terms of its business model. This will initially be carried out via a committee of experts, but will eventually be achieved through community voting run on blockchain mechanisms, creating a kind of a decentralised ratings agency.
Legal assessment. Lastly, it’s also necessary to provide legal perspectives regarding the issued tokens, classifying them as equity or utility tokens and monitoring the compliance of token sale procedures with local regulations depending on their categorisation.
Over the next couple of months, Waves will be registering the association in Switzerland, creating its executive bodies and issuing proposed industry standards. This process is planned to be finished at the beginning of 2018.

https://blog.wavesplatform.com/waves...y-b8bfc0c4ca84