Waves is a digital currency platform that lets users create their own cryptocurrencies. The Waves platform supports the issuing, storage, management, trade, and analysis of digital assets. It also enables users to launch their own ICOs globally for project funding in minutes. Decentralized trading and crowdfunding is fully supported under the Waves platform. Users are able to participate on the Waves platform with fiat currencies and cryptocurrencies. Mining on the waves platform uses a proof-of-stake protocol.
The Waves platform was founded by Sasha Ivanov in 2017 and offers a decentralized cryptocurrency exchange called DEX, a cryptocurrency called Waves, and a cryptocurrency wallet called the Waves wallet. The Waves wallet is capable of holding multiple cryptocurrencies and allows users to invest, store, and trade cryptocurrencies on DEX.
Vostok is a universal blockchain solution for scalable digital infrastructure designed for large enterprises and public institutions. Based on the Waves Platform software, its services utilise Waves-NG , itself based on Bitcoin-NG - a next-generation consensus algorithm, increasing network capacity, stability and speed. Vostok is a product offering private, permissioned blockchain based databases, distributed computing and integration services. Alexander Ivanov attended the 'Digital Capital of the World' event in the City of London, on during May, 2018 where he presented an outline of the Vostok business model and, in his view, its raison d'etre.
Soon after incorporation, Waves Platform formed a strategic partnership with Deloitte, the ICO Governance Foundation and other organisations to create a self-regulatory association aiming to regulate and shape the responsible growth of ICOs and practices within the blockchain industry. The association intends to provide reporting, legal, tax, accounting, KYC and business due diligence standards to the token crowdsales and initial coin offerings that have become a controversial cornerstone for blockchain startup funding.
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