Waves
Crypto Overview
Overview
Waves is a multi-purpose blockchain platform launched in 2016 that allows users to create custom cryptocurrency tokens, decentralized applications (dApps), and smart contracts. The WAVES token is the native cryptocurrency of the platform, used for transaction fees, staking, and governance.
Purpose and Utility
The primary purpose of Waves is to serve as a blockchain platform for creating and trading digital assets, smart contracts, and decentralized applications. The WAVES token has several utilities including: payment of transaction fees, staking for network security, governance voting rights, and serving as a medium of exchange.
Business Model and Implementation
The Waves platform operates through its Leased Proof of Stake (LPoS) consensus mechanism, where WAVES holders can stake their tokens or lease them to nodes to earn rewards. The platform supports the creation of custom tokens, smart contracts, and decentralized applications.
Real-World Adoption
Waves has achieved notable adoption with multiple real-world use cases: It hosts numerous projects building on its blockchain, facilitates token creation for businesses, and supports decentralized exchange functionality through its Waves.Exchange platform.
Development Activity
The project maintains active development with regular updates to its core protocol and ecosystem tools. The development team continues to implement improvements to scalability, security, and functionality.
Token Distribution
The initial distribution of WAVES tokens included a public ICO, with tokens allocated to the team and development fund. The project has maintained transparency regarding token distribution and usage of funds.
Crypto Impact
To assign a comfort level investing in Waves from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Waves.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.