WAVESX

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WAVESX

Cryptocurrency Made as a Result of Hard Disk Drives

Waves X is a cryptocurrency created as a result of the Waves hard drive. Using the basic principles of digital assets, such as openness, decentralization, community participation in project development, the Wave X team will take the original Wave project code as a basis and make changes that will make this platform faster, safer and decentralized, the results of these actions and will be Wave X.

Waves X gives users ready-made templates to create their tokens that greatly simplify the creation of digital assets.

Waves X sets a very low price and still uses the platform.

This project will enable users of decentralized exchanges that have been developed with all new achievements in this field. It is possible to buy tokens on the stock exchange, commissions will be very low and the level of security will be higher than in the existing stock exchange.

To make the network more central, stable and secure, the project team will switch to the PoS-PoW hybrid consensus protocol. The fact is that these two protocols have advantages and disadvantages, but the Waves X team has chosen to use each of these protocols as well as possible and use hybrid protocols without errors in the network.

Smart contracts on the new platform will be significantly increased. Now, smart contracts can be programmed in various languages, including JavaScript, Solidity, C ++, Simplicity, Python, Vyper, and RIDE. There will be a separate smart contract template that will significantly speed up and simplify the issuance of tokens.

As you can see, this project offers concrete solutions to native platform problems.

Tujuan Waves X

make exchanges faster, but the risk is serious: indeed, as soon

as it is launched the platform is hacked, resulting in theft of $ 6 million.

The centralized structure of the DEX Waves also allows the system to

run orders in advance, resulting in large profits. Basically what happened was that when

the exchange operator saw that a large purchase order had been placed, they placed

their own purchase orders and pushed them to the front of the queue (because the order of execution was determined by the

exchange), making temporary purchases the price was still low. Then they let

larger third party orders go through, which increases prices; Furthermore, the selling market is what it is

just bought – but at a higher price. Leading orders are very common practices

for centralized exchanges and brokers; this is also a form of market manipulation and

therefore dishonest.

Why does Waves do Hardfork?

Well, first of all, we know that Waves did a number of very good indicators and received significant ratings, released many tokens and also received many thanks from the ICO project, namely in the simplicity of creation and accessibility. However, if you see the current situation of all tokens, news, attacks, security holes, then you need to take action and therefore WAVES decides to make a difficult fork, which will change serious and significant changes in the system.

Waves: current problems, challenges, and shortcomings

The founding team of Wave X has chosen to do a hard Wave fork, as opposed to other possible cryptocurrency, for a number of reasons. First the concept of the Wave has great benefits and offers benefits not found with other digital currencies. This advantage is explained in the first part of this section. Second, we believe that the reality of the Waves platform is very different from the goals and ideals it proclaims: this platform is far less decentralized than what management believes, combined with security vulnerabilities, and is limited in its function. The hard fork proposed by Waves X aims to solve these problems and to offer the crypto community a much better and more efficient version of Wave: one that is truly decentralized, democratic, fast,

ICO and crowdfunding

Waves X will take advantage of the old Waves for the founders of the blockchain project to a new level. A true decentralized economy requires that all visionary creators, innovators, and promising writers can launch their projects without excessive costs. However, the actual situation in the ICO market stems from these ideals: doing ICO in many cases consumes a lot of money so most teams cannot afford to buy it without funds from angel investors or venture capitalists. The problem is very acute in Ethereum. On Waves X, issuing new tokens will be more affordable than the old Waves; and the smart contract function, with the template database (see below) will provide the founders with ready tool boxes to build functional MVPs. Newly issued tokens can be included in the internal decentralization exchange right after ICO with nominal fixed costs. What’s more, founders will be able to find supporters for their projects right on the platform. To ensure that only the best projects get funding, the community will be able to vote for all ICOs, evaluate and audit their smart contracts, hold question and answer sessions with the founders, etc. A series of KYC / AML options will be available in partnership with external providers. evaluate and audit their smart contracts, hold question and answer sessions with the founders, etc. A series of KYC / AML options will be available in partnership with external providers. evaluate and audit their smart contracts, hold question and answer sessions with the founders, etc. A series of KYC / AML options will be available in partnership with external providers.

Conclusion

The Waves X project wants to solve the existing problem from one of the most popular platforms to hold the ICO and issue its own token, it plans to combine all the advantages of the existing solution and make deep work on the shortcomings, which will make Waves X much more: