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Dec 17, 2018 00: 30 & nbspUTC
| updated:
December 17, 2018 at 06: 51 & nbspUTC
Even the most ardent lovers of the crypt find it impossible to name every cryptocurrency that exists. There are so many that it becomes difficult for us to keep track. This essentially means that the crowded market is making it increasingly difficult for crypto developers to get any crowdfunding or capture the attention of encryption enthusiasts. The resulting chaos leaves many aspiring developers at the highest levels when it comes to funds. With this in mind, the Waves platform was developed to allow developers to launch and tokenize new assets using the wonders of blockchain technology. This incredible solution is supported by a native cryptographic currency called with the same name. In this article, let's take a quick look at what Waves cryptocurrency is, what are its main characteristics, why you should buy it and where you should buy it.
You can also read: Best Altcoin to invest in 2018
What is The Waves Cryptocurrency?
WAVES, developed by Sasha Ivanov, a Russian physicist, is a unique platform based on blockchain technology. It is a completely decentralized platform in which even people with little coding knowledge can launch ICOs through the tokenisation of resources and seek crowdfunding. Using features like blockchain smart contracts and dApp (decentralized applications), WAVES allows users to customize their own cryptocurrency in addition to simply using a series of other cryptocurrencies. Now, this whole process is powered by a unique native cryptocurrency of this blockchain network, called Waves itself.
Since its launch in 2016, Waves has been in the top 30 of the Coinmarketcap cryptocurrency list as market capitalization and has seen a significant increase in the percentage value even though its absolute value may seem negligible. On the Waves platform, people can trade with a variety of tokens, but they only need to use Waves tokens when it comes to paying transaction fees.
Salient features of The WAVES Cryptocurrency
Transaction speed
The WAVES blockchain ensures that every single transaction block is processed within one minute. This ensures that transactions using WAVE cryptocurrency prove to be extremely fast and convenient.
It works like a cryptocurrency bridge
The WAVE blockchain records all transactions under its ledger, whether it is an encrypted currency or a fiat. WAVES cryptocurrency is used to facilitate the transaction, making it a great bridge cryptocurrency.
Negligible commissions
Transactions that use WAVES encryption are really easy in your pocket since you have to spend about 0.001 WAVES, less than a dollar if we calculate as for the current price, to find a transaction using WAVES.
Where to buy WAVES From?
WAVES is available in some of the best cryptocurrency platforms on the market. However, before buying WAVES, make sure you know how to protect your cryptographic wallets so that you can keep your new holdings securely. No matter how low its value is today, it never hurts to keep it safe, especially since its price could simply split the roof one day.
You can also read: How to protect cryptographic portfolios?
Below is a short list of cryptocurrency exchanges that allows you to buy and sell Cryptocurrency WAVES. In addition to the ones listed below, you can definitely use the WavesDEX exchange based on the WAVES platform itself, for an authentic experience. Some exchanges that are exchanged in WAVES are:
BitFinex
Binance
Huobi
Bittrex
Livecoin
Gate.io
No matter where you buy, it's best to check the available pairings. All of these sell WAVES against BTC (Bitcoin) and a fair number also sells against ETH (Ethereum).
Here are some other articles for you to read:
5 things you should know about Blockchain
How to buy Bitcoin without ID?
How to sell your Bitcoins?
Rushali Shome
Rushali Shome is a history student with a keen interest in word games, politics and beyond. When you do not type furiously in the "Notes" section of your phone, it can be found by trying to capture the servers' attention in restaurants or weddings for a second help.
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