Waves is a decentralized blockchain program. Waves also use the wallet for investment, such as any other currency. It means that Waves uses a Waves platform wallet. Waves cryptocurrency came out in the year 2016. From the introduction of this cryptocurrency, it has been in the news for its peculiar features. Cryptocurrency is still a new concept for the majority of people, and it is growing exponentially.
Because generally, every currency is decentralized, it means that no one has control over the currency, whether it is governmental bodies or any private organization. Because it has been mined all over the world. So, for people, this investment is very secure. As it is introduced in the past few years for some people still, it is a new concept.
Now let’s talk about how these currencies work. As a cryptocurrency is launched, there is an ICO (Initial Coin Offering). By oversimplification, it means that it is a crowdfunding event people give their money to the authority in exchange for their cryptocurrency. And there is a limit of issuing cryptocurrency it means that once the number is reached, there is no new issuing of currency. There also miners who play a significant role in handling the cryptocurrency. Miners or crypto miners are the people who add your transaction every token has its method to handle the mining.
Now as we generally know what cryptocurrency is now, we can talk about the peculiar features of Wave: –
- Fiat Money: – Waves is the currency which allows us to have invested in our money and exchange it for other currencies. This is not in the case of Waves as we can withdraw the funds invested in into fiat money such as USD, EUR, CNY and many more. This feature has made the future of this token stronger. As now it is flexible to get rid of currency for money. It helps those who do not invest for a long time.
- Custom Token: – Due to the custom token feature. People can have their cryptocurrency, which separates it from others. As you cannot have your cryptocurrency with such minimal efforts. You can have the ICO (Initial Coin Offering) on the platform of Waves. Due to this feature, Waves promises to be a great thing in the near future.
- Know Your Customer: – Due to fiat money involved, the investor can be scared to withdraw. But Waves got another feature, and that is Know Your Customer. By this feature, you can have your money; you can have your money safely without any cyber fraud.
Waves are new in the market. But it is making massive progress as there is no other currency which can provide this much features. It starts just like another currency; you have to log in your Waves platform wallet and start trading. Waves offer many out of the box ideas like you can have your token and the ICO (Initial Coin Offering) on that platform. You can also change your money into fiat money in a few clicks. So start investing