Waves X

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Waves X

new advanced cryptocurrency that will be created as a result of fork

Waves

Waves X is a new advanced cryptocurrency that will be created as a result of

Wave Wave – a token underlying the popular platform for ICO fundraising and

digital asset publishing . Wave X is characterized by high transaction speeds, increased levels of

decentralization, and broad community involvement. It also offers

higher benefits for block validators because of the adoption of the Proof-of -ake / Proof-of-Work hybrid consensus protocol.

Platform Waves is a pioneer in the field of publishing tokens and ICO thanks to

its simplicity and affordability. However, in the current conditions, Waves faces a

number of serious challenges that cannot be resolved without major system changes.

In the first part of this White Paper, we introduce the advantages of the “old” Wave

that is worthy of admiration and which will be stored in Wave X, and provide

detailed descriptions of its main weaknesses. Among them are excessive decentralization, lack

of financial incentives, and limited smart contract functions.

In the second part of the White Paper, we present our solutions to the problems facing the

Platform Waves. They include enhanced smart contract features (such as support for all

major programming languages), matching off-chain orders for decentralized exchanges,

community voting procedures, solutions for unloading unused smart contracts from the

network, and introducing tools to launch security token offerings .

Finally, we provide details about the hard fork itself, including its main element – large-scale airdrop that will distribute free WVSX coins to all WAVES holders. An extensive

project roadmap (development plan) is also provided.

Solutions and Benefits

First, you need to repeat once again that Wave X will retain all the main advantages of the original Wave, but first, let’s list them.

And for the benefits of Waves including:

High transaction speed. This is many times bigger in this parameter, bitcoin and broadcast

Low stability and transactions. No matter what the load is on the network, transaction costs are always the same and far less than the costs on other networks.

Convenience On the Waves platform, it’s easy to release your own token.

It is difficult to argue with the fact that this quality is indispensable for mass applications of platform capabilities, stability and ease of use make this platform really attractive to users.

Wave X Solution

The proposed solution can significantly improve the existing Waves platform, significantly adding stability and stability to its work, the transaction speed in the Waves X network will be 10 times more than in Waves, now even ICO which is claimed will not be able to reduce the network.

Waves X will give users ready-made templates to make their tokens, which will greatly simplify the process of making digital assets.

Waves X will set a very low price and still use the platform.

This project will provide its users with a decentralized exchange, developed with all new achievements in this field. It is possible to buy any tokens on the stock exchange, the commission will be very low, and the security level will be higher than in the existing stock exchange.

To make the network more centralized, 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 decided to take the best from each of these protocols and use such hybrid protocols without flaws 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, separate templates for smart contracts will be available, which will significantly speed up and simplify the process of releasing tokens.

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

Conclusion

Wave X Project wants to solve existing problems from one of the most popular platforms for ICO and issue their own tokens, he plans to combine all the advantages of the existing solutions, and produce great work on the shortcomings that exist, which then makes the X Wave far more:

fast, the transaction speed will be far greater than all existing platforms

Smart contract that is convenient and ready to use and low transaction costs will attract many users

decentralized, all forces will belong to the community and the project will be fully controlled by them

A more stable hybrid consensus protocol makes the platform faster and more stable.

Project roadmap

One important component of the success of a project is the clear action plan needed to achieve its objectives, Waves X has such a plan and is displayed on the project roadmap.

The idea was born at the end of 2018, since then the concept of fork and future improvement has been developed.

Already on January 17, 2019, a hard fork will be produced and a new WVSX coin will appear.

The first quarter of 2019 will be very important for new projects, because many innovations await, including the introduction of a complete set of functions for ICO, listing of WVSX tokens on the stock, audit platform code …

The second quarter of 2019 will continue to develop projects with active speed, smart contracts will be added to the platform, the project team will be expanded and work will begin on decentralized exchanges and work will begin on the cellphone wallet.

In the third and fourth quarters of 2019, mobile applications are expected to be launched, making smart contract templates, features to simplify working with dApps, and many, many other innovations awaiting the project.

Waves X Wallet is

already in the second quarter, the project will begin the process of developing its own mobile wallet for Android / IOS and in a short time they will be available to the public to use, as well as wallets for PCs and online wallets.