Waves has been widely adopted for token creation and crowdfunding purposes due to its simplicity and low cost.
Waves (WAVES) is a decentralized blockchain platform and cryptocurrency that was launched in 2016 by a team led by Sasha Ivanov.
It is designed to provide a user-friendly interface that allows anyone to create and issue custom digital tokens on the Waves blockchain. This feature has made it popular for crowdfunding and launching Initial Coin Offerings (ICOs).
Having its own decentralized exchange (DEX) where users can trade a variety of cryptocurrencies and tokens directly from their Waves wallets.
Waves uses a consensus algorithm known as Waves-NG, which allows for fast block times and high transaction throughput, making it suitable for various use cases, including gaming and micropayments.
WAVES token
The Waves (WAVES) token is the native cryptocurrency of the Waves blockchain, an open-source platform for creating decentralized applications (dApps) and custom tokens.
Waves has a decentralized governance model where token holders can participate in voting on platform upgrades and changes.
It also uses a Leased Proof-of-Stake (LPoS) consensus mechanism, where token holders can lease their WAVES to full nodes and receive rewards for participating in block generation and network security.
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Source: https://coinidol.com/waves-waves-token/
