Waves is a mainnet blockchain that developers can use for constructing decentralized applications (DApps) and assets. WAVES, the blockchain's focal asset, is used in tandem with the function of the Waves blockchain.
What is Waves (WAVES)?
An array of different mainnet blockchains exist as systems on which developers can build, each operating in various ways. The Waves blockchain mainnet went live in 2016 and runs based on leased proof-of-stake (LPoS) and fair proof-of-stake (FPoS) technologies. The Waves blockchain is smart contract-capable and has its own smart contract programming language known as Ride.
Nodes require 1,000 or more WAVES coins and help run the Waves blockchain and generate blocks. Nodes with larger amounts of WAVES increase their odds of getting to generate blocks, with rewards paid in WAVES for each block produced (a block reward and transaction fees).
WAVES holders can receive partial rewards by leasing their WAVES to nodes. One type of transaction signals a holder's intent to lease, while another signals lease termination. WAVES coins remain in the holder's blockchain address during the lease, although the leased coins are locked for that time.
The WAVES cryptocurrency
Wondering where to buy WAVES crypto asset coins? Numerous crypto exchanges facilitate WAVES trading. WAVES can also be earned by helping the Waves blockchain run. The top of the page shows the WAVES price today in U.S. dollars (USD) as a WAVES to USD live price. In addition to the WAVES price live today, the page also shows the WAVES marketcap and more.