Now, when Bitcoin is storming the cryptocurrency exchanges of the world, no one will be surprised by the new e-currency. Developers deliberately take a risk releasing a new cryptoproduct, because they need to interest the user, prove their product's originality and reliability, attracting investors and ordinary users to start buying the cryptocurrency they have developed. However, Waves is quite popular and popular, despite its youth.

The platform was created in not too far 2016 by entrepreneur Alexander Ivanov. The creator initially did not hide the fact that he created his project with an eye to the already well-known NXT. The launch was released due to crowdfunding, by attracting about 30 thousand bitcoins. The success was reinforced by the initial collaboration with a large e-wallet service Mycelium.

The central goal of the Waves project was to reduce commission fees during transactions. The developers sought to give users possibility to set the size of the commission when performing operations by themselves.

Waves is a bitcoin fork, as the developers say openly. One of the advantages of Waves is that it is not just a cryptocurrency, but a full-fledged platform that performs a solid list of operations, including: trading various goods, co-financing projects, as well as exchange trading in assets, crypts and fiat money as well. The platform is, of course, decentralized.

The system is protected in the same way as Bitcoin - basing on public key encryption. Talking about mining, not everyone, unfortunately, will be able to mine, since mining is enabled only for Waves users with full nodes. The rest can give their tokens to them for rent and, of course, with subsequent rent. Also, the coin can be purchased through exchanges. All this is done on exchanges. The rate and commissions for transactions depend on each individual exchange. Here the choice is yours.

Withdrawing Waves is not very easy, as banks do not work with such forks. Therefore, if you strongly need to withdraw, first you will have to change Waves to Bitcoin and only then perform the remaining operations. It can be called red tape without exaggeration, so Waves is more suitable for electronic transactions and storage of assets.

Waves has a number of advantages, including the emission of its own assets by each user, as well as the presence of plug-ins, which greatly expands the functionality of the platform and contributes to its optimization in many ways.

Waves cryptocurrency is just a little more than one year old, but during this time its rate was growing. Initially, Waves was valued at no less than 50 cents, which is not a bad start at all. Just a few months after the appearance, cryptocurrency reached the mark of $ 6.5, in other words, the price increased by 500 percent continuing to grow so far. At the moment it is estimated at around $12 with little fluctuations. The price of Waves is tied to Bitcoin. Therefore, the success of Waves is dependent on the success of Bitcoin. No doubt, if Bitcoin business will be good, Waves has big chances to grow even more and become more stable.

Talking about the prospect of Waves and what awaits it in the future is quite difficult. If we assume that the future of cryptocurrency is behind blockchain platforms such as Waves, we can talk about its further successful existence.

Noteworthy, Waves's developers have created their own manifesto with seven points, where they set out their vision of the financial world. They place particular emphasis on the decentralization of services and the opportunity to cooperate with various banks. They also stipulate that they did not try to create a new useless cryptocurrency in order to just fill a niche at all, but aimed to develop a product that is directed towards the future.

So, we can say that Waves, at least, is a very interesting cryptocurrency, which has not only a well-thought-out concept, but also many-sided functionality within the created platform. Yes, it is possible that some technical bugs can still be detected due to the youth of this crypt, however, no doubt, they will be removed in the near future. In any case, so far Waves keeps a stable rate and a decent price on the market and this can be regarded as the key to further success.