What is the Waves project that promises its users a faster, more reliable and easier-to-use environment?
Who is the Founder of Waves?
Founded in 2016 by Ukrainian scientist Alexander Ivanov, the project was created to develop early blockchain platforms and products. The founder of the project, Alexander Ivanov, is a name that has previously ventured into the cryptocurrency space. Ivanov had previously implemented a cryptocurrency platform called Coinomat, which is now deprecated.
What is Waves Project?
Returning to the Waves project, many additional services have been made available within the project since the project was launched in 2016. These additional services include a cross-chain called Gravity and services such as the DeFi platform Neutrino outside of the Oracle network. Waves also held one of the oldest initial token offerings, or ICOs, in the cryptocurrency market. The technology of the Waves project was designed to meet the needs of developers and companies that want to take advantage of the features of blockchain systems and promises a more reliable, faster and easier environment to its users. The project also has a decentralized cryptocurrency trading platform called Waves DEX.
Highlights of Waves
If we look at the prominent features of the Waves project, the first of these features is that the project has a processing speed of 100 per second. This number may seem small to you, so if we make a comparison to give an example, the number of transactions per second is 7 in the Bitcoin network and 20 in the Ethereum network. The feature that enables Waves to perform 100 transactions per second is the advanced proof-of-stake consensus algorithm called WavesNG. This consensus algorithm used by Waves is based on the scaling project of AVAX Founder Emin Gün Sirer, known to many of us, called BitcoinNG.
What is Waves Coin?
Introducing the Whitepaper with the motto of “Tomorrow’s innovations for today’s people”, the project develops its token in the ERC-20 standard, making it interoperable with the Ethereum network. When we look at the token supply of the Waves project, we see that this project determined a token supply of 100 million for the initial phase, but later removed this limitation. So the Waves token currently does not have any maximum supply. The current circulating supply of the token is 108 billion 841 million 60 units. Well, I can say to our readers who are wondering whether Waves is mined or not, that Waves is a non-mining cryptocurrency.
Waves Token Review
Waves token was launched on June 3, 2016 at $1, and nearly 2 months later, it hit its lowest point of 12 cents on August 2, 2016. The highest level reached by the token was in March of this year, and Waves hit $ 54.61.
Waves Price Analysis
Waves, which has increased by 7.64% in the last 24 hours, continues its price activity at $ 6.17. While the closest support level to the current position of Waves is at $ 5.90, with a decrease from there, $ 5.50 and then $ 4.85 can come as support. In the event that the upward movement continues, the first resistance point that will appear is the $ 6.30 level, followed by the $ 6.75 and $ 7 levels, respectively.
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