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What is Waves (WAVES)?

Waves is a blockchain platform that launched in 2016, designed for users to create custom crypto tokens. It has grown into an ecosystem featuring its own blockchain, a smart contract system, and the Waves DEX decentralized exchange. The platform simplifies token creation and trading, eliminating the need for smart contract coding. Users can manage tokens through scripts running directly on the Waves blockchain. Key features include full and lightweight nodes. Full nodes maintain a complete transaction history, while lightweight nodes rely on full nodes for confirmations and network interactions. Waves utilizes Leased Proof-of-Stake (LPoS), a variation of Proof-of-Stake. Instead of just locking up tokens to add blocks, users can lease their WAVES to full nodes. When a full node selected ...

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