Crypto Exchange | Waves Exchange Review | How To Use Waves Exchange

Описание: Crypto Exchange | Waves Exchange Review | How To Use Waves Exchange

👉 Waves Exchange Twitter:   / waves_exchange  

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Welcome to our Crypto Exchange Video!

The innovative blockchain technology has been implemented in various crypto projects, but only a handful of projects have managed to strike a proper balance between usability, accessibility, and features. Waves are one such exception that has been able to fully utilize the user-friendly blockchain network built to power the future of Web 3 applications. In this review, all important aspects of the exchange and its native currency have been discussed in detail to help traders understand its usability and make the right choice.

What Is Waves Exchange?
The Waves Exchange (or the Waves DEX as it is more commonly known) is a fast, secure and reliable decentralized trading platform focused on Waves-based assets and other supported digital assets, like Bitcoin (BTC) and Litecoin (LTC).

Waves primarily focuses on creating custom crypto tokens, called smart assets, and launching smart contracts to power a wide range of web 3.0 decentralized applications (dapps). The platform is built on its own blockchain network, which differentiates it from other leading decentralized exchanges; it has also established a completely different trading platform of its own, by modifying the most common traditional features offered by any cryptocurrency exchange so that it can create a very unique Waves experience for its customers.

How Does Waves Exchange Work?
Like most other cryptocurrency exchanges, the Waves Exchange also operates on a decentralized ledger called a blockchain network. The only difference is that it has built its own blockchain network that is secured by a novel consensus mechanism called LPoS or the Leased Proof of Stake. The LPoS is the modified version of PoS or the proof-of-stake (PoS). It allows lite wallet users to participate in the block validation process of the network by leasing their WAVES tokens to lite mining nodes.

The Waves.Exchange mainly derives its power from its Smart Assets that have additional functionalities due to their robust asset scripts. These scripts endow the Smart Assets with an intriguing range of characteristics like non-transferability once it reaches a particular address like burned or freezing, or once the Waves blockchain reaches a specific block height.

Waves Exchange History
The Waves.Exchange was founded in 2017 by a theoretical physicist named Sasha Ivanov, whose appreciation for gravitational waves inspired the exchange’s name. The project derived its technical and philosophical roots from the Nxt Blockchain project. However, soon Ivanov pointed out some serious limitations on the Nxtblockchain. He then decided to create a totally independent decentralized blockchain network, the Waves platform, to better serve the needs of businesses and decentralized applications.

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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Crypto Exchange video. Make sure to leave a like on the video if you gained value from it!

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⏰ TimeStamps ⏰

00:00 intro
00:35 Waves Exchange Project
11:30 Twitter
12:09 Summary