Waves (WAVES) - cryptocurrency review
Waves (WAVES) - cryptocurrency review

Waves (WAVES)

Rank: #26

Our Review
4
Real-world utility
3
Market Cap
6
Investability
decrptd review 4.3 / 10
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Waves Review

Waves is a platform of services for storing, trading, managing and issuing your digital assets. That’s right – you can use the Waves platform to create…

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Waves (WAVES) – cryptocurrency review


Waves is a platform of services for storing, trading, managing and issuing your digital assets. That’s right – you can use the Waves platform to create your own cryptocurrency token. Perhaps of wider utility however, is the trading exchange, DEX. With Waves you can create a multi-currency wallet and trade whichever currency pairs you like. There are no limits on withdrawals, and you pay a fixed fee regardless of the size of order.

Waves has also solved the safety problem too: with Waves, your tokens are not stored on a centralised exchanged. Your tokens remain in your private wallet throughout the transaction (so they’re not visible centrally on the exchange) until the moment of execution at which point they are transferred over an encrypted channel.

If Waves is to be successful, it has to achieve mass market adoption. This relies heavily on a high degree of User Experience design – something which is currently lacking; the UI is confusing with frequent use of unintelligible icons and little in the way of obvious on-boarding or support. A good concept, but a long way to go before displacing the established exchanges.

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