Audit Date: 27 September 2022
ECOSYSTEM SCORE
27 September 2022
76
ALERTS
Sep 14, 2022

During maintenance account is unavailable for 3.5hours on 26th sep

Sep 13, 2022

Wave Money Functionality issue has benn resolved on 9 Sep

Sep 13, 2022

Wave Money Functionality Down on 9 Sep

REVIEW NOTES
Jul 06, 2022

Foundation Tools score increased due to new programming languages.

Jul 06, 2022

Protocol Support score increased due to Email Support.

Jun 21, 2022

Add-Ons score increased due to Plugins.

PERFORMANCE
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80
NODES

466 nodes

WRITE SPEED

540 ms

READ SPEED

637 ms

GAS FEES

N/A

UP TIME

100%

PERFORMANCE MATRIX VALUE MONITORED AT
Read Speed 637 ms
Write Speed 540 ms
Uptime Percentage 100%
Node Count 466 nodes
Discord Total Subscribers Online 401 subscribers
Discord Total Subscribers 2,677 subscribers
Telegram Err 19 err
Telegram Ppm 19 ppm
Telegram Views Per Post 4,761 views
Telegram Total Subscribers 24,642 subscribers
Reddit Total Members Online 98 members
Reddit Total Members 60,700 members
FOUNDATION TOOLS
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60
ESSENTIAL TOOLS
PROGRAMMING LANGUAGE SUPPORT
SDKs
DOCUMENTATION
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75
API DOCUMENTATION

Exists

100
NODE SETUP

Exists

100
SKELETON CODE

Exists

100
VALIDATOR NODES

Doesn't Exists

GRANT PROGRAM
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50
AVAILABLE GRANT

$143M

ADD-ONS
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73
THIRD PARTY SERVICES
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83
PROTOCOL SUPPORT
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60
ADOPTION
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100
DEVELOPERS

423

REPOSITORIES

109

COMMUNITY
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100

Overview

Waves is a comprehensive blockchain ecosystem with powerful tools and services that help simplify application development.

Waves offers an open-source blockchain platform designed for mass adoption and ease of use. Launching, distributing, and trading crypto tokens is a breeze with this fully decentralized, transparent and auditable platform.

About Waves

Waves is an open-source blockchain protocol and development toolset for building secure, fast, scalable and reliable Web 3.0 applications and decentralized solutions. Any use case involving decentralization and security can be developed with this technology stack. Examples include gaming, decentralized finance and personal identification.

This protocol, launched in 2016, serves as a great platform for launching smart contracts. Neutrino Protocol and Waves Exchange are two of Waves' most popular platforms.

Consensus Mechanism

Waves relies on the Leased Proof of Stake (LPoS) consensus mechanism to ensure higher efficiency and minimal carbon emission. Leased Proof of Stake is an improved version of the Proof of Stake consensus mechanism that enables token holders to lease their tokens to full nodes in order to receive a percentage of the payment as a reward.

Key Features

  • Waves is highly accessible, considering its clean and user-friendly UX.
  • You can exchange any token issued on Waves for fiat currency.
  • The protocol's native programming language, Ride, is ideal for smart contract creation. Its straightforward syntax is developer-friendly, and hence, it makes blockchain development simpler.
  • Transaction prices are low compared to many popular protocols.
  • Waves is a transparent, open-source protocol with its source code available on Github.

Founders

Waves was founded by Alexander Ivanov, also known as Sasha Ivanov, in 2016. He graduated from the Moscow State University's Faculty of Theoretical Physics and completed his postgraduation from Leipzig University. This technology entrepreneur also launched a fiat token called CoinoUSD; an exchange index of cryptocurrencies, Cooleindex.com; and an instant cryptocurrency exchange, Coinomat.com.

Popular Use Cases

  • Tokenomica is a transparent venture capital organization.
  • Upcoin is a safe and fast crypto exchange that supports fiat and cryptocurrencies.
  • ZrCoin is an industrial enterprise that involves ZrO2 production using "green" technologies.
  • MobileGo is a mobile gaming platform and a cryptocurrency.
  • EncryptoTel is a secure VoIP and telecommunications infrastructure company.
  • Incent is a blockchain loyalty company.