Waves, the team behind the (believe it or not) WAVES cryptocurrency have announced a new update to the Waves Mobile Wallet, in a move that has seen the value of WAVES absolutely sky rocket.
What is the Waves Platform?
Waves is an easy to use platform that allows users to issue, store, manage, trade and analyse digital assets within the Waves decentralised exchange. Waves of course, also facilitates the use of the native WAVES token, as well as other tokens. According to the Waves Platform website:
“Thousands of other kinds of tokens have also been released on the platform, many of which have gone through an ICO and have huge potential. We support fiat money ($, €) as well as cryptocurrencies such as bitcoin, ethereum, ethereum classic, and more. The list is constantly expanding.”
The Waves wallet also facilitates leading and cryptocurrency mining:
“Any sum of Waves can be leased to miners to generate interest. You can refund at any time in 2 clicks.”
“Waves uses a proof-of-stake algorithm. To start mining, all you need to do is to download and launch the node, and have 1,000 WAVES in your wallet.”
Waves also supports other ICOs and allows new cryptocurrency projects to take measures to raise funds for the development of their products and projects, simply by just releasing their own tokens onto the Waves Platform:
“By releasing blockchain tokens, you provide valuable services to network users, such as the possibility of transferring value in the form of certain convenient units, therefore attracting funds for the development of your project. By holding an ICO not only do you receive money for development, but you also gain loyal users for your product who believe in the project and are ready to become its first followers as well as give honest feedback.”
As we have stated, the Waves team have recently announced a new update to the Waves Mobile Wallet that seems to have had a huge impact on the WAVES cryptocurrency. This update has been in the works for a while, with Waves users and investors working speculating about future improvements that could be made to the system. Though the Waves wallet app has been around for quite a long time, the Waves team are constantly developing and improving it.
According to the official Waves announcement:
“The Waves mobile app has been available for some time. While it did the job in enabling users to connect to the network and make transactions, we always knew there was much more we could do. The Waves platform is so powerful, and it would be a shame not to make that available for mobile users — who number 207 million in the US and an incredible 1.02 billion in China.”
This update comes in the form of a brand new mobile application that still includes all of the old features that made the first app so popular. The app includes a wallet, the option to trade within the Waves decentralised exchange and of course, let’s you review current prices and figures etc. Within the app, users can access both FIAT and cryptocurrencies and within the wallet specifically, can deposit, store, trade and withdraw, as one might expect.
“We’ve incorporated the most popular digital asset management tools from the platform, so you can send tokens to your address book contacts, lease your WAVES, receive warnings about suspicious tokens and burn any spam assets you don’t want.”
It is clear that Waves believe this new app is going to make a very big impact for all users of the Waves Platform. Here are some of the advantages to the latest app, as highlighted within the official Waves announcement:
“All traffic is encrypted. That’s hugely important for both privacy and security, and as far as we’re concerned it’s non-negotiable. Private keys never leave your smartphone and are never exposed to the web. They’re encrypted and stored locally, so you can use the app with confidence. Moreover, it supports a range of further security measures, including Face ID, Touch ID and Fingerprint scanning. Basically, when you think of how a crypto app should operate in an ideal world to keep your money safe — that’s what we’ve done.”
If you’re a Waves user, we would recommend that you head to the App store or the Google Play store now to ensure you don’t miss out on the latest update, and to ensure you don’t miss the buzz surrounding the launch of the latest Waves project.
This latest update is very significant for the adoption of the Waves Platform as it makes Waves a far more interactive place for traders, investors and crypto fanatics alike. By incorporating the majority of the entire Waves business into an easy to use smartphone application, Waves are simply making their project far easier to adopt, opening up the Waves Platform to a very wide demographic.
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