Waves (WAVES) altcoin gains more than 20% in value due to Node 1.0 update for the Waves Blockchain

Waves (WAVES) altcoin gains more than 20% in value due to Node 1.0 update for the Waves Blockchain

Waves (WAVES) altcoin gains more than 20% in value due to Node 1.0 update for the Waves Blockchain

Powerful altcoin Waves (WAVES) was the best performing crypto currency this Sunday due to the official announcement of the Node 1.0 update for the Waves Blockchain. In a recent blog post by the Waves platform, they reported that they were working on some “powerful and long-awaited” functionality and features for the entire ecosystem.

Waves (WAVES) was a shining star among the top 100 at the weekend

According to CoinMarketCap, Waves rose more than 20% yesterday. WAVES is the 45th largest crypto currency and established itself in recent weeks among the top 100 best-performing cryptocurrencies. The team behind this digital entity and the network is ready to release the Node 1.0.

Some of the new features; lazy implementation, predictable computing costs, zero failures in the network, a modern type of functional approach, simple and concise programming language, official validation friendly and others. With Node 1.0, Waves will complete one of the most important projects on its network after several months of uninterrupted work.

Waves (WAVES) price increased strongly with these developments

The crypto currency network will now have new mathematical functions on the RIDE programming language, including logarithms and exponentialization, and will enable developers to perform calculations in the Waves Blockchain. They also implemented an alternative to the REST API, which has many new advantages. The team’s statement on this topic includes the following statements:

The new interface allows for shorter development time. once released, we will start standardizing the data presentation format: operations, blocks, addresses, aliases, and all possible assets in the waves blockchain.

Experts see significant potential in this crypto currency

In addition, the team members announced that the standardization process would be coordinated with the community. They will collect information about what the developers are saying and follow their suggestions to follow their recommendations to adjust the final details. 80% of the votes are required to activate the new protocol and the protocol will be activated a week later.

Once the vote has been made and activated, users and developers will have access to all these new features. At the time of writing this article, Waves trades for $ 2 and has a market value of $ 200 million. Experts think this crypto currency has the potential to rise further. However, it is important to remember that the crypto currency always surprises us and therefore you only should invest the amount of money you are comfortably losing in the worst case scenario.

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About Shawn Morrison 203 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

1 Comment

  1. “However, it is important to remember that the crypto currency always surprises us and therefore you only should invest the amount of money you are comfortably losing in the worst case scenario.” – I think this is quite a reasonable warning. Especially when we speak about Waves platform. This platform has quite a lot of problems, and the biggest of them is just that anyone can create their own cryptocurrency and name it what they want. At the same time, anyone can sell it on a common trading platform, without special verification (it is, but the opportunity to buy a fake “bitcoin for two cents” remains). Add to this problems with the confirmation of transactions, disappearing money and so on.
    Also, the partner of Waves is not someone, but Mycelium, company lof Alexander Kuzmin, who stole a lot of money from the wallets of their users. Was this cryptocurrency sold on your platform, uh, Waves platform?

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