Waves price increases began on the day of the invasion of Russia on February 24th. On March 10, at the time of writing this copy, Waves was trading at $ 29.44, up more than 60% last week and more than 200% last week. two weeks. With a market capitalization of over $ 3 billion, it is currently ranked 40th in CoinMarketCap.
The latest rally at Waves is in line with the tokens featured as assets on Binance’s loan distribution platform. Tokens have been added along with other common ciphers, MATIC, THETA, and SLP. This allowed the borrower to use these tokens as collateral to qualify for a loan without a credit check. This move from Binance reinforces the popularity and power of these four new tokens in crypto space.
Another factor in Waves’ price increases is planning to improve the consensus mechanism and compatibility with Ethereum Virtual Machine (EVM), a software platform that developers can use to create decentralized applications (DApps). It may be the emergence of a new roadmap that you have set. ) At Ethereum.
The Waves Project was founded by the Ukrainian-born scientist Alexander Ivanov (also known as Sasha Ivanov). He has a relationship with both countries involved in the conflict. Therefore, Waves is called “Russian Ethereum” by users on the Internet.
Prior to creating Waves, Ivanov had already invested in the crypto community. Previously, he released the now obsolete instant exchange Coinomat and the index site Cooleindex. According to coinmarketcap, he was also working on a prototype stablecoin known as CoinoUSD.
In 2019, Ivanov sold its stake in Vostok Platform, a universal technology solution for scalable digital infrastructure developed by Waves Platform in 2018. The platform was sold to Mark Garber, an early investor in Moscow-based financial consultancy GHP Group.
Vostok currently has various relationships and partnerships with Russian organizations. One of the most famous is the state-owned Dom.RF, a financial institution for housing development created by the legislation of the Government of the Russian Federation.
The latest development of Waves
As mentioned earlier, the team will propose changes to the consensus mechanism on the new roadmap, giving a glimpse into the future of Waves in 2022. The new consensus mechanism is a combination of sharding and proof of stake consensus mechanism. Known as Practical Proof-of-Stake Sharding (PPOSS).
The new consensus mechanism is also compatible with Ethereum virtual machines (EVMs), making it more accessible to developers and users of externally distributed applications. As Crypto News reported, “The new network will be connected to the existing network, allowing a smooth transition to Waves 2.0 without compromising the value or effectiveness of the old network,” the Waves team wrote. I am.
Waveteam also promises to integrate multi-chain bridges (Gravity and Allbridge) to establish a connection between EVM compatible blockchains and Bitcoin and Solana blockchains. The team also announced the establishment of Waves Labs, a US-based company that will be established in Miami in the first quarter of 2022.
“The United States is an important market for mass recruitment in 2022,” the Waves team said in a decision to move to the United States with a $ 150 million fund to facilitate decentralized finance (DeFi) adoption. He added that he would also establish an incubator program. domestic.
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