Waves is a Proof-of-Stake blockchain that empowers users to easily create and launch custom crypto tokens without requiring complex smart contract functionality.

Waves, launched in June 2016, is a blockchain platform that operates using a unique consensus mechanism called Leased Proof of Stake (LPoS). LPoS is a modified version of Proof of Stake that enables lite wallet users to participate in block validation by leasing their WAVES tokens to mining nodes. By leasing their tokens, these users can earn a portion of the block rewards if their chosen node becomes a validator.

Waves offers fast and cost-effective services while prioritizing minimal environmental impact. Waves also promotes interoperability by connecting to various ecosystems, facilitating seamless interaction and collaboration.

In 2022, Waves unveiled its transformation plan from 1.0 to 2.0, introducing significant updates and features. These include a new consensus mechanism with Ethereum Virtual Machine (EVM) support, new governance models, cross-chain finance capabilities, an Inter-Metaverse Protocol at Level 0, the establishment of a new US company, and an accelerator program. These developments aim to strengthen the dominance of Waves blockchain and drive the widespread adoption of blockchain technology.

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Waves to Launch v.1.5