About Waves (WAVES)weiss-badge

Overview

Waves (WAVES) is a cryptocurrency that provides "solutions for storing, trading, managing and issuing your digital assets, easily and securely." Waves allow users to trade, store, manage and analyse digital assets using their blockchain platform and decentralised exchange (DEX). The Waves decentralised exchange offers a number of attractive features such as; Decentralised and anonymous - Users can feel comfortable trading on an exchange with no middleman and no centralised entity. The Waves DEX offers transaction times similar to those seen on centralised exchanges due to the Waves-NG protocol, which ensures settlement occurs within seconds. Further, the Waves DEX has no withdrawal limits. And finally, the DEX is available on any device, whether that be a desktop or mobile device.

Technology

Waves use a Proof-of-Stake (PoS) consensus algorithm, similar to Dash and NEO. PoS is a form of virtual mining and allows users to start mining by merely holding Waves. Miners are limited to mining a percentage of transactions that is reflective of his/her ownership stake. You can mine Waves using proprietary software, and gain interest from the loans that you provide to other miners (so that they can begin mining Waves, as having 1000 Waves in the proprietary wallet is necessary for people to initiate said mining operations). The Waves DEX allows users to create their own unique tokens. The Waves team have collaborated with Deloitte to develop a legal framework for broader adoption of blockchain technologies. It is not surprising then that Primalbase Token (PBT) was able to secure 3000 Bitcoin (BTC) during their initial crowd-sale.

Future Focus

The future of Waves looks to be an exciting one. The team is continuously working on projects and is quite open and community-based. After 53 beta releases, the final version of the Waves lite wallet is now available for download via their website. Further, the Waves team writes and posts a review on Medium at the end of each month, which covers any recent developments that have been made. For more information regarding Waves visit the official webpage or read over their Whitepaper.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

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Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

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Due to the price of sending and sourcing BTC the minimum order is $500.00.

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