Waves: Introduction and How to Earn from it

Waves: Introduction and How to Earn from it

Cryptocurrency is a medium of exchange similar to that of normal currencies such as Euro and Dollar. The difference is it is designed for exchanging d

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Cryptocurrency is a medium of exchange similar to that of normal currencies such as Euro and Dollar. The difference is it is designed for exchanging digital information. This is done through a process made possible by cryptography. The majority of cryptocurrencies, such as Bitcoin, are designed to decrease in production over time. This creates a market cap on them in the form of Cryptocurrency.

Some basic info on WAVES

WAVES is a decentralized platform offering many advantages. While centralized crowdfunding platforms are relying on third parties to maintain them, they are in turn risking loss and raising costs proving more problematic for users. WAVES, on the other hand, allows the transfer, swapping and trade of custom tokens by individual users – on a peer-to-peer exchange. This allows for the moving of payment systems directly onto the blockchain- hassle free. Another great feature is that there is no need to download the block chain as the end-user client is light weight. It can easily be installed from Chrome Store. Being a colored coins block chain platform, WAVES has an integrated decentralised exchange. WAVES will be able to be mined.

WAVES are intensely focused on custom block chain tokens – aiming to develop and constantly striving to perfect it. WAVEs also may allow the small businesses to start projects with ease with its own integrated platform known as ”Crowdstarter”. A campaign can be started much quicker on Waves than on other platforms such as Kickstarter. WAVES also have the ability to exit a pledge. As with Kickstarter, you would have to wait until the product launch if you have pledged funds, as well as not being able to transfer stakes to other users. WAVES fees are also lower than those of Kickstarter. WAVES is similar to Ripple in its approach to handling fiat and will have fiat token available on the WAVES block chain.

Lite client allows the advantages of Waves without the need to download the block chain in full. This enables less storage used by downloading. WAVES makes swapping digital assets for money a breeze- right into your bank account. Inclusive is a means of decentralized voting – WAVES decentralized voting with no individual (single) authority, limits the risk it carries. Waves also join their personal crowdfunding platform, Crowdstarter, which enables small businesses to start projects on an easy way and in a centralized manner.

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