By early 2017, the Waves platform had only a functioning network and a wallet in its portfolio of working products. And in early 2018, when saying "Waves," it is most appropriate to use the word "ecosystem." Waves strives to create a closed system through which businesses will be able to create and exchange coins in one place, attract financing, promote goods, and receive community support. At the same time, the platform will be equally useful to institutional and retail investors, as well as small and large businesses.
Waves Wallet and Decentralized Exchange
To store, receive, and send cryptocurrencies, one needs a cryptocurrency wallet. The Waves platform wallet has three significant advantages. First, it has a convenient and intuitive interface; secondly, it has a fiat gateway, which allows buying cryptocurrencies hassle-free; and thirdly, it is accessed by a private key that guarantees the safety of stored funds. In addition, apart from coins, the Waves wallet allows for making transactions with Bitcoin, Ethereum, Litecoin, ZCash as well as with USD and EUR. The team also plans to add the opportunity of trading tokens of the Ethereum ERC20 standard.
The wallet does also offer the DEX decentralized exchange. "Decentralized" means that users trade coins without a central node that could be hacked and used to withdraw funds. Thanks to the Waves NG technology, the exchange rate does not differ from the speed of centralized exchanges.
