Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform.
by
mxxxxxx
on 28/04/2016, 14:56:27 UTC
Troll Alert

"Waves is some bullshit NXT rip-off with no real value whatsoever"

Comments?

Ps the amount of money raised in the ICO is a fucking joke apropos the value of this project.

Comments?

All crypto is bullshit with no real value. welcome back to reality lol

Rotfl

High fucking 5

Smiley


Ps no

Some projects r worthy, namely Ethereum

wave = supernet ?

Waves is not clone of NXT or SuperNET, or anything else. Some concepts from many projects are enhanced and are inspiration. Waves team is building first production system on top of Scorex framework where Waves token will be the fuel of whole platform and all transactions happening there, from issuing the assets, through transfer, depositing and withdrawing other supported currencies on the platform. Focus is on custom asset creation, lite client, end-user, no blockchain download, decentralized exchange, asset-asset trading, fiat assets, working with payment providers from the start and being decentralized kickstarter at the same time. Waves will have own transaction types also. Other features and apps/plugins center will be appearing in meantime.

What happened to POS?

Waves will have its own implementation of POS, its own transaction types also its own unique reputation system on the blockchain and many more things. Rewards will be distributed in form of fees, where above full nodes, all lite client end-users will be able to lease their balance and receive rewards also. What you see as of now is only first version of testnet. It is huge project. So above Waves token being the fuel of whole platform, there will be also incentives from the network itself.

Quote
no blockchain download

Could you please explain how this will work? Where is the blockchain going to be stored?

There will be full nodes of course above lite clients. As focus is mainly on the end-user it will goes like this, lite client users choose a full node to lease their balance to and they still receive the rewards, but the transactions become much faster as full nodes process them effectively. There'll be competition between the nodes that process the transactions also.

https://bitslog.wordpress.com/2016/04/28/uncle-mining-an-ethereum-consensus-protocol-flaw/