Sometime back Moscow business incubator partnered with Waves which is a fantastic platform for community management and crowd funding. This group init
Sometime back Moscow business incubator partnered with Waves which is a fantastic platform for community management and crowd funding. This group initiated the second round of new fintech program so it can create projects using blockchain technology. They are mainly focussing on blockchain 2.0 and they are creating it mainly for fintech products and banks.
The second year of HSE fintech was announced by Higher School of Economy in the Moscow. According to this announcement Waves will be the official partner for fintech section. And as said above this company is a fantastic decentralized platform which is a crowd funding, national settlement depository and community management program.
This program will develop various projects to help banks, customers of banks, personal finance management options, payment services, peer to per services, investment systems, money transfers and various other Fintech products.
Struggle for Digital asset Exchange
Under the umbrella of Decentralized asset exchanges, it include Nxt, Bitshares and Counterparty platforms. However, waves claim none of these names achieved any significant grip in the field.
One of the reasons for this lack of grips is these systems are available in smaller ecosystems. All the assets in these systems had higher spread and liquidity was much lower. Also, it is there in decentralized platform and no one had any accountability for same. Because of this situation the cases of low quality, frauds and assets problems were higher.
There were almost zero regulations
Also, trading was comparatively very slow due to the limitation of block-time for blockchain. That limitation made it almost importable to get any attraction from new businesses and that is why early decentred exchanges were not able to gain any big mass either.
Waves created and released decentralized exchange
Waves is one of those few organizations that understood these problems related to Decentralized exchange and that is why it is working to solve these problems. To deal with these problems Wave recently came up with testnet. With this system, unlike other platforms DEX can allow any specific token to trade with any other token directly instead of trading two different tokens separately comparing a reference currency. It also has an advance system in it that execute the train in almost real time using a specific comparison tool that help you do high frequency trading but it get salted only on the blockchain with complete security.
Along with these, other flat gateways are also in development that enable blackchain based USD, EUR, CNY and various other currency tokens. Many gateways that act as temporarily linking rank between conventional financial companies and blockchain mostly ignore this basic regulation. However the Waves DEX is an exception and it gives speed, security, and compliance to trader easily with the program.