How the Waves Platform could Surpass Ethereum

  • A new token can be created on the platform within a minute by filling out a form and paying a small fee of 1 Wave token.
  • The platform has a built in decentralized exchange (DEX), where markets can be created to trade any token with any other token.
  • The platform provides a web client, a desktop client, as well as an Android and iPhone app. These clients can be used to hold any token on the platform, transfer tokens and trade tokens on the DEX, as well as create a new token.
  • The Waves platform will soon be deploying smart contract capability.
  • The Waves blockchain, which is based on Proof-of-Steak, can process 1,000 transactions per second (TPS).
  • Transaction fees are only 0.001 Wave. This means that fees would be just $0.01 if the Waves platform had a market cap of $1 billion with $10/Wave. More importantly the fees are stable and predictable being tied to the price of Wave and not sporadic being tied to the current load on the network, like Ethereum.
  • The Waves platform provides a gateway to deposit/withdraw other coins and fiat currencies. Thus, tokens on Waves can be converted to tokens for Bitcoin, Litecoin, Dash, Ethereum, USD, Euro and much more. But it does require trusting the gateway provider.
  • The Waves platform can be used to easily conduct an ICO. Just create a new token and setup a big sell order in the DEX for Bitcoin, Ethereum, USD or any other token.
  • The Waves platform is ideal for airdrops and bounty campaigns due to the low transaction fees and fast transaction times. In addition it provides mass transfer transactions which can be used to simultaneously send funds to a maximum of 100 accounts with one transaction and save 50% on the transaction fees compared to sending each transaction separately. Contrast this with only one destination per transaction for Ethereum tokens. An airdrop to 10,000 addresses would currently cost about $2,000 ($0.20/Tx) using Ethereum and about $50 ($0.01/Tx) using Waves.
  • Waves has an active team of over 50 developers.
  1. Add the Bancor protocol to the platform to provide instant conversion between tokens with Waves as the hub token. This would be similar to Bancor.network smart contracts on Ethereum. However, building it directly into the Waves platform would provide a much better user experience due to lower fees and no failed transactions caused by varying gas prices.
  2. Add a built in stable coin and dividend coin backed by Waves. This would be similar to the Maker/Dai system on Ethereum. However, building it directly into the Waves platform would provide a much better user experience due to lower fees and no failed transactions caused by varying gas prices.
  1. About Bancor
  2. Smart Tokens 101
  3. Bancor Protocol Whitepaper
  4. Formulas for Bancor System
  5. Understanding Bancor
  6. Why Bancor Will Work
  7. MakerDAO
  8. Explanation of the Dai Stablecoin

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Shardus

The foundation for global-scale decentralized applications.