1. Project introduction

Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions. Waves offers a unique approach to decentralized application development: by avoiding gas and non-Turing-complete language we keep the system secure and predictable. For smart contract creation, Waves provides its native language called Ride. Its straightforward and developer-friendly syntax makes blockchain development easy and intuitive. Waves is based on a Proof-of-Stake consensus algorithm. Each participant's chance to generate the next block is proportional to their economic stake in the network. Unlike Proof-of-Work, Proof-of-Stake is hardware-savvy and power-savvy, making attacks profitless for miners. Users can lease their WAVES to a Waves node and get a part of the node payout as a reward, preserving full control over their WAVES under their accounts. Beyond the blockchain functionality and its underlying protocols, the Waves ecosystem offers a diverse collection of tools, products, and components to streamline the process of building and running dApps. The tools are developed both by the Waves team and the developer community.

2. Team introduction

Co-founder: Aleksandr Ivanov

Linkedin: https://www.linkedin.com/in/sasha-ivanov/

Communication Officer: Sasha K.

Linkedin: https://www.linkedin.com/in/sashakolupaev/

3. Investment institution

Asymmetry Asset Management, Solidum Capital, PECUNIO Cryptocurrency Fund, The Hive Index

4. Application

WAVES is the native token of the Waves blockchain. Block generators receive transaction fees and block rewards in WAVES, which encourages generators to maintain and develop the blockchain network infrastructure. The more WAVES the generator holds (by ownership or lease), the greater its chance to add the next block is.