WAVES Open-blockchain financial platform. Blockchain for the people.

  • Waves Release Testnet Version 0.9.0 

    In the release

    In this TestNet release, we introduce new experimental LevelDB data backend. A node with LevelDB requires less RAM for operation and consumes less space on disk. This version is fully compatible with version 0.8.12, except the configuration file and data folder.

    Other changes

    • Utility to export existing blockchain to binary file
    • Utility to import blocks from binary file

    Changes to configuration file

    • New waves.data-directory parameter. Use it to configure directory in which the node stores it's data. Defaults to ${waves.directory}"/data"
    • waves.mvstore-page-split-size parameter was removed
    • Default value for waves.network.file was changed to ${waves.directory}"/peers.dat". Peers file was moved out from LevelDB data folder
    • Parameters waves.blockchain.blockchain-file, waves.blockchain.state-file and waves.blockchain.checkpoint-file are no longer used
    • Parameter waves.blockchain.store-transactions-in-state is obsolete
    • Parameter waves.matcher.order-history-file is obsolete

    System requirements

    We recommend setting -Xmx parameter back to 2G.

    Migration notes

    1. Stop the node

    2. Export existing blockchain to file by executing following command in your home directory:

    sudo java -cp '/usr/share/waves-testnet/lib/*' -Dwaves.directory=/var/lib/waves-testnet com.wavesplatform.Exporter /etc/waves-testnet/waves.conf testnet

    After execution of the command new file testnet-<current_height> will be created in the current folder.

    1. Remove folder data
    sudo rm -rdf /var/lib/waves-testnet/data
    1. Install new version
    sudo dpkg -i waves-testnet_0.9.0_all.deb
    1. Import the blockchain file (or just start the node)
    sudo java -cp '/usr/share/waves-testnet/lib/*' -Dwaves.directory=/var/lib/waves-testnet com.wavesplatform.Importer /etc/waves-testnet/waves.conf testnet-<current_height>
    1. Change an owner of folder data
    sudo chown -R waves-testnet:waves-testnet /var/lib/waves-testnet/data
    1. Start the node

    Known issues

    • LevelDB on Windows does not work under heavy load which is the case
    • Matcher storage was not optimized, DEX can be slow and needs extensive testing
    • Rollback was not optimized, fails sometimes of OOM exception

  • Waves partners with Group-IB to resolve phishing issues

    There have been a number of cases recently in which WAVES holders have been targeted by a phishing scam on Facebook. Please be careful and follow some simple guidelines to prevent the theft of your tokens.

    We have received many reports about pages in social media that are claiming to give away WAVES bonuses. We want to be very clear that this is a scam. We take these fraudulent pages seriously and are actively taking steps to address this issue, including working with cybersecurity firm Group-IB, a global leader in combating high-tech crime and online fraud.

    “Decentralising value requires a new paradigm, and it’s important for users to remember that the flipside of being in control of their own funds is that there is no authority to reverse a fraudulent transaction. We would therefore urge our community to be vigilant of such phishing attempts and report and malicious sites and links immediately”, says Alexander Ivanov, CEO of Waves Platform.

    Group-IB has long-term experience in protecting banks, financial and insurance organizations from a wide range of threats, including phishing attacks, various types of online fraud, the planting of malicious programs on online banking websites, unauthorized remote connection to a client’s device in order to conduct a transaction on his or her behalf, etc. Group-IB has its official computer emergency response team CERT-GIB (Computer Emergency Response Team — Group-IB) responsible to monitor online activity 24/7 to identify and respond to any incidents or security breaches. CERT-GIB is also authorized by such international communities as FIRST and Trusted Introducer that bring together computer security incident response teams from all over the world.

    “For many years we have been studying the constantly evolving information security threats as well as tools, schemes and scenarios used by various hacker groups and scammers, — says Ilya Sachkov, CEO of Group-IB. — They are driven by financial motivation, and, since the inception of the blockchain industry, many of them have shifted their focus to this new market: hackers’ methods of work in relation to fintech projects are similar to those used for attacks on online banking and electronic payments systems. However, unlike the banking segment, fintech is not subject to the regulator’s requirements, the level of information security depends only on each project itself. Does it make sense to wait for the risk to turn into a real problem? WAVES and its community have already answered this question: protection of the business and its assets is a priority for any industry regardless of its age. And we are glad that the companies of the crypto insdustry are gradually coming to this understanding: WAVES and its community serve as an example of this”.

    In the meantime, we would ask our users to be aware of the problem and to follow a few simple guidelines to prevent the theft of your funds.

    • All of our giveaways will feature in official announcements from the Waves team. If you read something on an external site, please do not believe it unless you have confirmed it via our official communication channels. These can be found at www.WavesPlatform.com.
    • Please treat your seed with the utmost care. The official Waves client should only be downloaded from our site or from our official sources, which can again be found at www.WavesPlatform.com.
    • In particular, you should never enter your seed into a third-party client or website. There is a high likelihood that these will be used to steal your funds.
    • Do not follow dubious links, which could lead to phishing sites or be used to install malware on your computer.
    • Run virus and malware checkers regularly.
    • Do not store your seed in plaintext on any device connected to the internet.

    If you have had a problem with a phishing attempt, please contact our support team: https://support.wavesplatform.com/.

  • First participants start at Waves Lab

    Simdaq, MyTrackNet, Viso and Likey will receive advice, PR, marketing and ICO support, with future projects being allocated a total budget of 1 million WAVES.

    Waves Lab, the incubator for new projects on the Waves platform, has announced a total budget of 1 million WAVES for future participants, as the first tranche of entrants launch their applications. The commitment, worth approximately $9 million even after the recent cryptocurrency sell-off across the board, places the Waves Lab on a long-term footing and ensures that the coming years will see many more promising entrants accepted to the programme.

    “We are happy to be a part of Waves lab. Waves community is very strong and this gives unfair advantage for those who build business with Waves. Simdaq is very much community focused and it’s great to see Waves lab that will help the project like ours. We look forward for future cooperation”, says Evgeniy Dubovoy, CEO SIMDAQ.

    The first set of participants include Simdaq, a social trading platform; MyTrackNet, a blockchain-based geo-tracking application; Viso, a hybrid e-payments/cryptocurrency payment platform; and Likey, a one-stop-shop for loyalty programmes.

    “This market has a lack of professional approach as it’s a young and dynamically developing sphere. We are happy to be part of Waves Lab and will surely gain useful competencies which will bring benefit to our project”, says Ilya Esterov, CEO Likey.

    These initiatives will receive advice, PR, marketing support and technical assistance for their ICOs, as well as endorsement and contacts within the wider Waves community, helping them to get off to a flying start. The first pre-ICO is in process, with MyTrackNet already having collected $530,000 with the help of the Waves Lab team and partners. The pre-ICO will end on 30 January.

    “We started MyTrackNet with a vision and passion but without the necessary funding to build a big project like this. Waves Lab was a great help for us, not only in terms of the funding but also for the lightning-fast blockchain platform. Waves has almost instant transactions, a factor which is very important to run a project like MyTrackNet. The people behind the Waves platform are a major factor for our success, providing their knowledge and help in the process of our pre-ICO and more generally for our project”, says Dimitrios Moschos, CEO MyTrackNet.
    “The transaction speed is of paramount importance in the financial sector. VISO applied to Waves Lab, because Waves blockchain provides the necessary technical support and the highest possible speed at this stage of technology development. Besides, the Waves Lab incubator advises blockchain projects on all issues related to business development on blockchain and helps our project grow faster through its competencies. Also, the residents are able to conduct early tests to adjust the app to future releases, which is very important for a tech startup”, says Egor Petukhovsky, co-founder VISO.

    Existing partners of Waves platform are excited about Waves Lab too.

    “The incubator focused on cryptocurrencies-based startups is a great idea because of Waves’ deep expertise of this market and its investors. Traditional acceleration programs don’t have enough experience to work with blockchain focused projects and communities just yet, in spite of it being a great opportunity to receive fundings and develop business of startups,” says Dasha Lyalin, COO of RAWG, a blockchain based service for gamers, “So we are sure that it will be a great success for our partners and we will be happy to have a synergy with residents of Waves Lab.”

    For any inquiries or questions regarding Waves Lab please contact us by email: [email protected]

  • Waves Release GUI Wallet V0.5.15


    • Added direct matcher address


  • Waves establishes strategic partnership with International Financial Center Astana

    The memorandum was signed at the World Economic Forum in Davos, which is currently hosting the CryptoHQ conference that Waves is also attending.

    Waves has forged a strategic partnership with IFCA, Astana’s International Financial Center, based in Kazakhstan.

    The memorandum of cooperation was signed at the CryptoHQ event, within the framework of the World Economic Forum currently being held in Davos (Switzerland), at which Waves also has a presence. The goal of the partnership is the creation of an advanced ecosystem for financial technologies using the latest blockchain technologies.

    “We are confident that our partnership will bring to Kazakhstan the most advanced practices in the field of blockchain technologies and will turn IFCA into one of the most innovative centres for the development of industry in the world. Thanks to the experience accumulated in the framework of our cooperation, we will also be able to replicate the best solutions, which will have a positive impact on the development of the entire blockchain ecosystem in the CIS,” says Alexander Ivanov, CEO and founder of the Waves Platform.

    The partnership is a significant step towards the normalisation and adoption of blockchain technology at the state level, as well as by individual businesses and industries. One of the purposes of the collaboration will be to support start-up companies as they engage with new financial and blockchain technologies, providing them with access to Waves blockchain solutions. Waves will also help attract foreign startups to the IFC Acceleration Program and conduct training events.

    “Cooperating with the Waves Platform, AIFC provides Kazakhstani start-ups with a unique opportunity to develop projects at a new technological level, thereby this initiative to allow the promotion of blockchain technologies in Kazakhstan. Cooperation with such fast-growing companies, leaders in their field, gives AIFC a huge advantage for training professionals in the field of development of innovative solutions for the financial services industry using elements of blockchain technology,” pointed out Assel Zhiyenbayeva, Chief Digital Officer, AIFC.

    The Davos event is an opportunity to meet and network with many other blockchain organisations and platforms, and parties interesting in adopting the technology, from corporations to governments. On Tuesday Alexander Ivanov has also participated in a panel discussion focused on Russian innovation in the blockchain field.

    Join Wavescommunity: http://wavescommunity.com/ Join Waves News channel: https://t.me/wavesnews

  • Waves Release Testnet Version 0.9.1

    In this release

    • LevelDB supported on Windows
    • DEX Matcher fully implemented using LevelDB
    • DEX Matcher now has its own separate LevelDB storage

    Changes to configuration file

    • New waves.leveldb-cache-size parameter. Use it to configure internal LevelDB cache, the value can be set as 200M or 1G. Defaults to 256M.
    • New parameter waves.matcher.data-directory that could be used to set the location of Matcher's LevelDB storage folder. Default value is ${waves.matcher.matcher-directory}"/data"
    • New waves.matcher.leveldb-cache-size the parameter could be used to set the size of LevelDB internal cache for Matcher's storage. By default, it has the same value as waves.leveldb-cache-size.

    Installation the same as for version 0.9.0.

  • Waves Lab participant Simdaq raises $5 million

    Waves Lab helped the community trading platform — their first candidate — to hit their hard cap in just over a day.

    The first major Waves ICO of the year has ended, reaching its hard cap in just 28 hours thanks to a partnership with the Waves Lab incubator.

    Simdaq, a community trading platform, managed to raise $5 million in a little over a day. The project aims to democratise crypto trading, which is notoriously risky, by sharing insights and information, as well as allowing community members to back-test strategies using historical data and even create trading bots using their own algorithms.

    “We are grateful to Waves Lab and the partners of this blockchain technology incubator for helping us with Simdaq’s ICO and reaching our $5 million hard cap in just a day. The new era of ICOs starts now with accelerators like the Waves Lab, who help really good projects get noticed.” — Simdaq CEO, Evgeniy Dubovoy.

    The Waves Lab, meanwhile, takes promising startups that on the Waves platform, equipping them with financial, legal and technical advice, as well as marketing assistance to make sure their projects get off to a flying start. It aims to take pre-ICO businesses and ensure their success as they seek to raise money and launch. Simdaq is one of several participants in the first tranche of Waves Lab entrants, and the result demonstrates that both Simdaq and Waves Lab are robust and have a bright future.

    “It’s great to see Simdaq get their project off the ground with such style! Successful and compliant ICOs for strong businesses will be critically important as we move ahead this year, into a landscape shaped by the new regulation that is coming. That’s why Waves Lab was launched, and it’s very encouraging to see the first candidate hitting their hard cap so fast.” — Waves Lab COO, Vitaliy Tsigulev.

    In Q1 Waves Lab will be accepting its next tranche of participants. The latest applications are being reviewed (there are hundreds to assess) and we are in active discussions with a number of them. A new acceleration programme is also being prepared. This will include the release of professionally-prepared information and explanatory materials, which are so lacking in this space, as well as various activities for consulting, auditing and assisting the most promising projects.

    If you would like to join our program, please send us your application here:http://waveslabs.com/

  • How the Waves token launcher is different from other platforms

    Token creation is faster, simpler and costs less than on other platforms, with tokens immediately tradable on the built-in decentralised exchange. In the coming weeks we will be making further improvements to the interface and adding even more functionality.

    Waves was designed to address the shortcomings of existing blockchains, with custom token creation and management its number one priority. Whilst there are several blockchain platforms that allow users to create custom tokens, these all have various flaws for mainstream users. Waves offers a number of significant benefits, making blockchain tokenisation a truly grassroots movement:

    • No smart contracts are required
    • Anyone can create a token: no programming experience is needed
    • Consequently, no code audit is required, minimising overheads
    • No maintenance or monitoring is needed
    • Tokens can be launched in under a few seconds
    • It costs just 1 WAVES to launch a new token
    • Tokens can be traded immediately on Waves’ integrated decentralised exchange

    Updated token launcher

    The Waves team has updated the token launcher with a new interface and new functionality.

    In the coming fortnight we will be including token burning and additional token issuance to the UI. Later this year, a mass-distribution function will be added, allowing issuers to send their tokens to many addresses at once. This will then be complemented with displays for various token statistics, and further functionality to allow issuers to engage with their token holders.

    Token issuance guidelines


    Here are a few pointers to follow when creating a new token:

    Name. For a token to be really popular, it’s best if there is already a large and active audience for it. The name of the token should be chosen so that it will be immediately recognisable and easy to associate with the person, service or project issuing it.

    Description. It’s worth stating briefly and clearly in the description field how the token will be used. Include a link to the website or social network page of the person or project. Note that neither the title nor the description of the token can be changed in the future.

    Supply. The total number of tokens to be created depends on the goals of the issuer and the model for the token. In future, it will be possible to reduce the number of tokens released by using the burn function (this only applies to tokens held within the issuer’s account, of course). If the token is designated as ‘Reissuable’ at creation, then further issuance will be possible. With each additional release of tokens, there is the option to change the token type to ‘Not reissuable’, so no further issuance will be possible.

    Decimals. The issuer can specify how divisible the token will be. The maximum number of decimal places is eight. Having a larger number of decimal places allows greater scalability in case of high demand. If ‘0’ is specified in this field, the token can only be sold or transferred in whole numbers. If the token is somehow to be valued in fiat-equivalent prices (e.g. USD, CNY), then it will probably make sense to specify ‘2’ in this field.


    After the implementation of Waves-NG technology, the platform became the fastest open blockchain in existence. Once all fields have been filled out, the token is created in just a few seconds and can immediately be traded on Waves’ decentralised exchange (DEX). Tokens can be found on the DEX using their unique asset id.

    Thanks to the interface and technology behind the Waves platform, token creation is extremely fast and convenient, and can be carried out by anyone.

    Token use cases

    There are many use cases for blockchain tokens, from issuing a personal token as a gift or tokenising the services of a single person through to the tokenisation of a large business or conducting a multi-million-dollar crowdsale.

    Tokens can represent a currency (such as the WUSD and WBTC tokens, which are backed 1:1 with US dollars and bitcoins respectively). They can be a kind of internal payment mechanism for an ecosystem, like the SMQ token that Simdaq uses on its community trading platform to give access to services and reward contributors. They can grant holders the right to access digital or real-world facilities, such as the token issued by the Primalbase shared office space network. They can even be used for personal or political initiatives. Boris Akimov, founder of the LavkaLavka farming collective, has launched a token that can be redeemed for his time and experience. Meanwhile, Larry Sharpe has recently created SharpeCoin on the Waves platform to use as a means to engage activists in his campaign for governor of New York.

    Success for tokenised ventures is dependent on having a large and active audience, as well as reliable technology. The Waves ecosystem enjoys the support of an enthusiastic and engaged community, and there are a wide range of initiatives to help token issuers refine their model, promote and fund their initiative, and continue to support it after launch.

    Join Wavescommunity: http://wavescommunity.com/ Join Waves News channel: https://t.me/wavesnews

  • Waves - Liquid token makes your token liquid

    As you probably noticed there’s a new token at DEX, trading against many other tokens with quite a substantial volume, called Liquid. It is being airdropped to the community weekly (the last airdrop is going to happen today). The goal behind the token is to provide a mechanism for market makers and issuers to cooperate in a more streamlined way.

    That’s how it works. Say you issued your ICO token, completed a successful ICO, and want your token to be liquid at DEX (some people forget that there’s life after ICO, but let’s suppose you’re not one of them). People should be able to buy and sell your token at DEX, it doesn’t happen by itself, someone should place those buy and sell orders and maintain the order book. You don’t want to mess around with DEX API (after all you wanna build your product, not code some trading bots), so you need a market maker.

    There’s a pool of market makers working with DEX, who can provide that service to you. Liquid token is just a payment instrument which facilitates your cooperation with them. To start market making for your token you do the following:

    1. Agree on the amount of the Liquid you need to send to the market maker to pay for the service.
    2. Buy this amount of the token from the open market. Thus there’s always demand for the Liquid token, which pushes its price up.
    3. Transfer this amount to the market maker.

    Then the market maker does the following:

    1. She burns 10% of the received token to reduce the token supply.
    2. Converts part of the amount into BTC, Waves and other tokens you want to have your token trading against.
    3. Starts providing liquidity for Token/Waves, Token/BTC, Token/Liquid…. markets

    As you can see this is a very simple mechanism. We get guaranteed liquidity for good tokens at DEX at the same time creating a new liquid instrument, which should appreciate in value over time. It’s a win/win, and once we have smart contracts this mechanism can be further upgraded to include some kind of automated, Bancor style, market-making.

    Liquid token makes your token liquid.
    As you probably noticed there's a new token at DEX, trading against many other tokens with quite a substantial volume…telegra.ph

    Join Wavescommunity: http://wavescommunity.com/ Join Waves News channel: https://t.me/wavesnews

  • Waves February review

    Welcome to our February review! This is an opportunity to catch up with all of the latest news and developments concerning Waves Platform over the past month. We’re including a recap of technical updates, new business partnerships, crowd sales, media attention, competitions, community initiatives and social events.

    Enjoy the read, and look out for the next review at the beginning of April!

    Developer and product news

    We have launched the MassTransferTransaction function on testnet. Mass payments, such as token airdrops, currently require sending lots of similar Transfer transactions. This incurs some extra cost to both the sender (in terms of fees paid), and the blockchain (in terms of storage spent on duplicate data), as well as processing power spent on verifying the sender’s signature for each transaction. So the plan is to introduce a new transaction type, called MassTransfer, that combines a number of Transfer transactions with a single sender and assetId, but amounts that can differ by recipient. Additionally, the language for Waves’ smart contracts is now in active development.

    In terms of the client, we fixed various bugs in February, and also created separate pages on the website for the DEX, wallet and token launcher. In addition, we’re still testing the adaptive version of the client, as well as tools for burning and releasing tokens.

    We have considered various solutions for charts on DEX and opted for the TradingView approach — this is familiar and convenient, so we are keeping this solution, and the exchange interface is now being finalised.

    Partnerships, exchanges & integrations

    Waves to push into billion-dollar Southeast Asian token markets

    Waves collaborates with Indonesian initiative Tokenomy to push into major new global opportunities. The partnership with the project, which has just completed the final stage of its $20 million crowdfund — selling 40,000 tokens for over $2 million in just three hours — will enable compliant blockchain integration for large corporations in the region, opening up the vast Southeast Asian market for the custom tokens platform.

    Entrepreneurs tokenise themselves on Waves Platform

    Boris Akimov, a farmer and the founder of organic food startup LavkaLavka supported by its own blockchain token, will use the Waves Platform to tokenise his own skills and time. He is one of the first entrepreneurs to explore this new application for the blockchain.

    For the future: we continue working on integration for cold wallets, launch of new fiat gateways and integration for transaction processing for online stores.

    Waves lab

    In February, three new residents joined Waves Lab. The first is Tradingene. It is the first blockchain-based marketplace of trading algorithms to allow for creating and using them to trade cryptocurrencies. Tradingene is the ready for use product by algorithm creators. During the last three years of the development, the team has attracted more than 300 algorithm creators from leading global universities, mathematicians and programmers experienced in creating trading strategies. Two other Waves Lab residents will be announced in early March.


    Liquid token makes your token liquid

    As you probably noticed there’s a new token at DEX, trading against many other tokens with quite a substantial volume, called Liquid. It is being airdropped to the community weekly (the last airdrop is going to happen today). The goal behind the token is to provide a mechanism for market makers and issuers to cooperate in a more streamlined way.

    How the Waves token launcher is different from other platforms

    Token creation is faster, simpler and costs less than on other platforms, with tokens immediately tradable on the built-in decentralised exchange. In the coming weeks we will be making further improvements to the interface and adding even more functionality.

    Waves Ecosystem Explained

    Waves was founded on the idea that blockchain is a technology of the people: a grassroots phenomenon that puts ordinary individuals and companies back in control of their own finances, business processes and much else besides by offering fundamentally improved security, transparency and convenience.

    As “blockchain for the people”, Waves caters to a wide range of stakeholders, and its platform is designed to deliver value to different users and use cases: consumers, entrepreneurs, individual and institutional investors alike. It’s an ecosystem of businesses, services and communities, all utilising the benefits of Waves’ cutting-edge and constantly-evolving technology.

    Sasha Ivanov: Block by block: building a complete blockchain ecosystem

    Being in the blockchain space for around 4 years by now I have seen various stages of its development, from being some kind of a curiosity for nerds and cryptoanarchists to an almost industry-grade adoption. It is incredible that it took such a short amount of time, in other industries such developments can take a life-time. But the blockchain concept is so disruptive that it just blows you out of the water and speeds up your life forever.

    For the future: Waves DEX


    Bitcoin Magazine: What Do We Mean When We Talk About the “Blockchain Ecosystem”?

    Ethereum has just announced its Ethereum Community Fund (ECF) grant program, an initiative launched by a collection of major players in the Ethereum world that is designed to accelerate the development of blockchain infrastructure apps and services. The stated aim of the ECF is to bring about “an environment where teams and ideas can thrive, grow, and collaborate to become essential and functioning pieces of the broader Ethereum ecosystem.”

    All of this raises the question of what exactly we mean when we talk about “blockchain ecosystems” and how they are built. Well, here’s an analogy for you: blockchains are like roads.

    IB Times: The latest blockchain trend: Tokenizing people

    Blockchain technology can literally make people into a transactable resource. The tokens that people trade with each other on a blockchain platform most commonly represent money. Consider Bitcoin, Litecoin, and other popular cryptocurrencies that people use to pay for things or speculate on their prices. Cryptocurrency tokens commonly take the place of fiat currency in what is an otherwise conventional financial transaction. But this only scratches the surface of what’s possible. Tokens can represent much more than money.

    Bitcoin.com: You Can Now Tokenize Yourself

    The future was meant to involve flying cars and jetpacks. Instead, it involves tokenizing yourself on the blockchain. It was Andy Warhol who famously observed that in the future everyone will be famous for 15 minutes. That fame, it now appears, may come in the form of the ultimate crypto vanity project: tokenizing yourself and selling your time. One audacious entrepreneur, Boris Akimov, is seeking to do precisely that.

    Forbes: Russian Organic Food Guy ‘Tokenizes’ Himself, Issues His Own Cryptocurrency

    A Russian organic food guru has taken the cryptocurrency craze to heart and tokenized himself.

    Boris Akimov, the founder of Russian organic foods retailer LavkaLavka will launch his own cryptocurrency on the Waves Platform, a blockchain platform developed in Moscow.

    Hackernoon: The Next Level of Blockchain: How the Waves Platform Made Waves in the CryptoWorld

    Because of its safety, speed and efficiency, Waves has become the go-to blockchain platform for storing, trading, managing and issuing digital assets. Crypto startups such as BehaviourExchange use it to issue its tokens and to guarantee a safe and smooth ICO.


    Guess the SEED contest winner announced

    We recently held a contest for our community. Every day we released several words from the SEED to a wallet holding the prize token. Contestants had to find all the words to access the token.

    We’re pleased to announce that we have a winner! He/she cracked the puzzle and won the prize of 500 WAVES. Congratulations!

    Weekly Liquid airdrops for Waves community

    We distributed Liquid tokens to the community weekly, as promised. The last drop was on Feb 28th. In addition to Liquid, we’ve airdropped Tidex, Encryptotel and Bitcoin Cash.

    Sasha Ivanov’s social channels

    Subscribe to Sasha’s social channels in Telegram and Twitter. A lot of exclusive information will be published there. For example, recently Sasha started voting for the best name for Waves’ smart contracts language.

    Steemit blog is restarted — follow up and upvote

    Waves Lab is now closer to the community — social networks and chats announced

    Waves Weekly pilot episode is out


    Waves Vienna Meetup

    On February 26, in Vienna, Austria, a Waves Meetap was held at which Waves representatives talked about current platform development. One of the main topics was how and why Waves’ smart contracts will improve on those available on other blockchains. On the part of Waves, the event was attended by Pavel Soldatkin, Head of events, and Ilya Smagin, Waves Platform Lead Scala Developer. In total, the event was attended by over sixty people.

    Waves & Postchain meetup in Stanford

    On February 27, a joint meetup of Waves Platform and Postchain was held at Stanford University with the support of the Stanford Bitcoin Club. Max Pertsovskiy, COO of Waves Platform, represented Waves and spoke about the current development of the platform. About 100 people attended the event.

  • Waves Release Version 0.10.2 (Mainnet & Testnet)

    In this release

    • New Mass Transfer transaction goes to Mainnet
    • Various bug fixes

    Please, read documentation about Mass Transfer Transaction.

    New feature voting

    Mass Transfer transaction is the new feature #3. To vote for the feature, please, edit node's configuration file as follows:

    features {
        supported = [3] 

    Update notes

    If you are updating from version 0.9.x just update the binaries and put voting for feature #3 in the configuration file. In case of updating from earlier versions, please, follow the update notes for the version 0.9.2.


    MD5 (waves-all-0.10.2.jar) = d39d86b179c9a5ed88cfe1f00b45c2f0 MD5 (waves_0.10.2_all.deb) = bb4791158114ff50578a5124e5309122 MD5 (waves-testnet_0.10.2_all.deb) = bd691b7cf385e1081198a1f3797a394d



  • Waves Ecosystem Visualised

    We’ve already told you about the bright blockchain future that will be arriving very soon, and that future is coming from Waves. With the launch of smart contracts, atomic swaps, voting and DApps, Waves will become the most advanced blockchain ecosystem for businesses, services and communities, providing them with all the benefits of our cutting-edge, constantly evolving technology.

    Even now Waves offers a wide range of unique opportunities with powerful functionality. You can easily and securely create, send and trade custom blockchain tokens, switch between traditional currencies and cryptocurrencies, significantly boost the effectiveness of your startup or established business and conduct a pre-ICO or ICO.

    We bring the advantages of blockchain technology to the people — meaning unprecedented security, transparency and convenience. New users, businesses and communities keep joining us every day. Together we are enhancing Waves’ technology and spreading it across the globe. So what is so special about our ecosystem? Here are some of the key elements of the Waves ecosystem visualised.

    High resolution pdf

  • Paytomat Joins Waves Lab Incubator

    Blockchain-based payments processing system Paytomat becomes the participant of Waves Lab and gets 100,000 WAVES of seed funding from the incubator.

    Paytomat facilitates the real-life adoption of cryptocurrencies by enabling local stores and online merchants to accept payments in crypto. The unique feature of the system is a loyalty program based on the PTM coin, incentivizing merchants to accept payments in crypto, and PTX token, incentivizing end customers to pay with crypto.

    Paytomat is going international with its decentralized system for cryptocurrency payments. The team plans to boost their international traction with the decentralized franchise, letting any willing cryptoenthusiast to become Paytomat affiliate, and Paytomat DAO run by a Board of Trustees consisting of supernode owners on PTM blockchain. Paytomat technology is already used by dozens of various merchants and around 150 others are in plan for the first quarter of 2018.

    Cooperation with Waves Lab will provide Paytomat with a number of strategic advantages, such as:

    • Seed funding: 100,000 Wave tokens
    • Advisory support: overall ICO advisory, token economics and market fit;
    • Marketing Advisory: consulting on the project communications strategy, access to Waves Community, common PR-activities;
    • Additional resources: networking with potential partners, advisors, funds and private investors from all over the world.

    Paytomat pre-sale will start on April 2nd. The public token sale is planned for May 2018. Details of coming tokensale → https://tokensale.paytomat.com

    For any questions related to Waves Lab visit our site or join Waves Lab Telegram chat.

  • Waves -  Loyalty Programmes on the Blockchain

    Rewards schemes are a huge use case for blockchain tech — but the definition of a loyalty currency might be wider than you think.

    Rakuten, a kind of Japanese rival to Amazon, recently announced it will shift its existing $9 billion loyalty programme onto the blockchain, converting Rakuten Super Points into Rakuten Coin. It’s the largest of a growing number of loyalty projects hosted on the blockchain.

    These initiatives seek to reduce the friction and costs of traditional loyalty schemes, making them cheaper to run and more convenient for consumers. But whilst the blockchain enables companies to do regular loyalty more efficiently, it also opens the way to entirely new economic models.

    Open Value

    Anyone who has ever been handed a loyalty card in a store and discovered it again months later, gathering dust, will already have come to the same conclusion that Incent did back in 2015: traditional loyalty schemes don’t work particularly well. As a form of IOU, redeemable by the company that issued them, there’s an inherent conflict of interests. Incentivise too much loyalty, and a business may find it adversely impacts their cash flow. There’s a complicated set of sums around loyalty that aims to ensure the right amount and the right form of customer retention. Reward points typically aren’t transferable, they may expire, and they have all kinds of other conditions attached to them. As a result, that mean they’re often not worth the trouble — they just don’t offer customers enough value.

    So what if you had a loyalty currency that was genuinely worth something? One that you could send to friends and family, sell on the open market, or spend with any participating store — not just the one that issued it to you? That was the vision behind Incent, which held one of the first token sales on the new Waves platform back in October and November 2016. Having spent 2017 refining and developing their core software, the project is now launching its flagship app with a Chrome toolbar designed to make it incredibly easy for anyone to get paid crypto rewards. Right now, the company is using the toolbar to refine its approach and ensure its software is robust, before integrating affiliates schemes. (The idea is simple: sign up for an affiliates scheme, get people to use the toolbar as they would for their everyday shopping, but instead of keeping all of the revenues, share them with users in the form of Incent, purchased from the open market.) Right now users can download the toolbar and get paid just for browsing, with the affiliates scheme and then partner companies on the way later in 2018.

    This presents a totally different economic model to the ‘IOU’ approach of traditional loyalty. It’s one Incent characterises as Open Value, by analogy with Open Source software. Real, ‘Open’ value is value recipients can use as they wish, not around which there are conditions that rob it of its utility and attractiveness.

    A broader understanding of ‘loyalty’

    Open or Closed, when we think of rewards schemes, these are the programmes we typically imagine: those intended to incentivise customer loyalty to drive revenues. But the idea is far broader than this. Every blockchain token is a loyalty programme if structured correctly. They are all designed to incentivise particular behaviours through some form of economic rewards. The only question is how the token model operates — how it aligns incentives between holders, platform owners and customers/users.

    Arguably bitcoin itself is a loyalty currency: it rewards miners for their work of securing the network. There are more effective token models that leverage a greater range of stakeholders. Proof-of-stake platforms such as Waves align incentives between miners and holders of the token, unlike bitcoin and other proof-of-work systems. Still greater sophistication is possible: imagine a complex system with a wide range of stakeholders, each of which uses the token in a different way. For example, a social network might integrate a token within its platform. For the network, this is a way to crowdfund investment for development and marketing, as well as a tool to engage their customers and end-users. For users, it is an integrated tipping currency and means to pay for apps and upgrades. For businesses such as third-party app developers, it is a way to pay the network for advertising and reward their own users. As demand for the currency increases with the growth of the network and its ecosystem, the value also rises, rewarding initial investors.

    This represents a vibrant and self-contained token economy — one that incentivises all of its many different stakeholders to use and hold the token to enjoy the benefits associated with it, thereby helping to ensure the success of the platform over the long term. In the coming months and years we will likely see more and more ‘loyalty’ initiatives like this, which really function as kind of private currencies for their own dedicated use cases.

  • WAVES - Blockchain Leasing For Proof Of Stake

    In a previous article we looked at the differences between Proof of Work (PoW) and Proof of Stake (PoS) mining. Briefly, cryptocurrency networks are secured by miners, who process transactions and prevent fraud. Miners ‘back’ their activity with a scarce resource. In the case of PoW, that’s energy. For PoS, it’s the platform’s coins themselves. PoS systems may also allow their users to lease their coin balance to miners, thereby playing a part in securing the network and gaining some of the rewards without the overheads of having to run a full node for themselves.

    Whether a blockchain network is maintained by Proof of Work or Proof of Stake, having sufficient resources to ensure the platform’s security is critical. For PoW, that means hashrate: the number of calculations per second collectively made by miners. The greater this number, the more expensive it is for any single entity to attack the protocol, since they would need more processing power than everyone else put together.

    For Proof of Stake, it means ensuring that a sufficient proportion of coin holders use their balance to mine. (Miners are often called ‘forgers’ or ‘stakers’ in PoS systems.) If only 10% of coins in total are used to secure the network, it might be possible for a large holder like a rogue exchange to use their stake to alter the blockchain in their favour.

    Miners’ incentives

    Incentivising holders to use their stake to mine is therefore an important aspect of setting up a PoS blockchain ecosystem. Miners receive fees from transactions submitted for each block, and in some cases further rewards — the Waves platform, for example, has a dedicated token called Miners’ Reward Token (MRT) that is designed to give miners a second source of income until the volume of transactions reaches a certain threshold.

    However, this still does not guarantee high levels of participation. Many coin holders may not be comfortable with the technical side of setting up a node, or may be unable to access the infrastructure they need for one reason or another (hosted servers, storage, bandwidth etc). Moreover, small holders may simply find it uneconomical: there are fixed as well as ongoing costs to mining, and if your balance isn’t large enough these will outweigh the rewards. Finally, specific protocols may not allow nodes to mine with a small balance: there can be edge cases where this opens up a potential attack vector.

    Mining pools

    Just as bitcoin and other PoW cryptos have mining pools for miners to share hashrate and receive small regular payout in proportion to the processing power they bring to the network, so PoS coins may share resources. In this instance, though, smaller holders can lease their balance to a full node, again receiving rewards in proportion to the coin balance they contribute. For example, if a pool has a total size of 100,000 coins, a holder who leases 1,000 coins may receive 1% of rewards (subject to the terms stated by the pool owner).

    When leasing a balance, the coins are locked but remain in full control of the owner. They are not transferred to the pool but stay in the same address — just remaining unspendable until the lease is cancelled. Leasing and cancelling a lease can typically be done from an ordinary wallet, with no additional technical expertise needed.

    Different mining pools have different payout terms. Some take a fee, some don’t, considering it a service to the community and network. Some incorporate a pool into a wider business model or use their sites and presence in the crypto world to generate revenues in other ways. Some of Waves’ mining pools even have their own tokens, rewarding those who lease their balances in a share of transaction fees, MRT and another token.

    The effect overall is to raise platform users’ participation in mining. This increases network security, increases the number of long-term holders, and thereby increases the value of the coin for everyone. It’s win/win/win.

  • Waves Release Version 0.10.3 (Mainnet & Testnet)

    This release is not mandatory. In the release, we slightly improved the node API and fixed a minor bug.

    In the release

    • New API method to get detailed information about an asset
    • New API method to get local time on a node

    Update notes

    This release has fully compatible storage format with versions 0.10.x and 0.9.x. You don't have to reload the blockchain, just update binary files.


    MD5 (waves-testnet_0.10.3_all.deb) = b2730538ad37d620926e5f69a2467024 MD5 (waves-all-0.10.3.jar) = b01727e3ff5d45aff67a070aea88bd5d MD5 (waves_0.10.3_all.deb) = 27085b10889b6c381649e8a656bb30b8



  • Waves Client Beta Update - BitcoinCash gateway, Autoupdate for desktop apps! & More features 

    New update of #WavesClientBeta is available: https://t.co/pLGKKJ5sLB
    What’s there:
    1. «What's new» section!
    2. Autoupdate for desktop apps!
    3. #BitcoinCash gateway
    4. MassTransfer transactions support
    5. Fixes for some minor bugs

    #Cryptocurrency #Blockchain #WavesPlatform $WAVES https://t.co/sYVCwyxTjC

  • Waves Launches Cryptocurrency Payment Gateway Framework

    Waves Launches Cryptocurrency Payment Gateway Framework

    New framework allows developers to quickly and easily deploy gateways to integrate new cryptocurrency coins within their ecosystem. With that, users can then begin trading on the Waves Decentralized Exchanged (DEX).

    Digital payment gateways share a universal base structure that is common for all cryptocurrency coins. While developers are often tasked with rebuilding this structure for each gateway introduced on a blockchain ecosystem, the Waves framework provides a ready-to-build structure so developers are only required to provide the top-level code unique to their coin’s blockchain protocol.

    “Gateways have always been a key feature behind the Waves ecosystem, — said Sasha Ivanov, founder & CEO of Waves. — This new framework provides developers with a simple and effective tool to get their payment gateways up and running on Waves, with almost no technical overhead required. It’s our goal to make this process as seamless as possible, helping users bring new coins and liquidity into the DEX and creating a more diverse ecosystem that in turn benefits the wider cryptocurrency community”.

    Once introduced, the Waves payment gateways allow users to deposit different currencies and receive dedicated Waves tokens in exchange that are backed 1:1 by funds held securely within the gateway. The tokens can be transferred and traded freely, or sent back to the gateway in return for the funds they represent.

    The Waves gateway framework is implemented using Python, designed to further simplify the coding process for developers. Developers are able to integrate new gateways with Python by implementing a special Python application programming interface (API) for their unique coin blockchain, or through standard JSON-RPC, REST or similar APIs.

    The payment gateway framework is now available for implementation on the Waves ecosystem.

  • Waves March Review

    We’re pleased to present the Waves March review. The past month was full of events and news, so if you missed anything, this article should tell you everything you need to know. Enjoy the read!


    Waves’ smart contracts language gets a name

    ‘Rideon’ is the new name of Waves’ smart contracts language! As you know, we couldn’t use the term ‘Gravity’, but we still split the prize among all the people who suggested it. Those who suggested RIDE were also rewarded.

    MRT is back

    Throughout March we’ve been distributing 10 MRT for each generated block, and smaller miners have been incentivized with additional MRT. The source of this has been our own stake in MRT. We’re also buying back MRT from the market, burning half of the amount and sending the other half to miners. After that we will be targeting a specific daily profit for miners and, if revenues fall below the average amount required, they will be topped up by additional MRT distribution. The goal is to increase miners’ profit by at least an order of magnitude and ideally more.

    Developers’ news

    Node Version 0.10.2 is out

    Version 0.10.2 (Mainnet & Testnet) is out: various bugs were fixed and the new Mass Transfer transaction feature was added.

    Waves Client beta update

    Waves Client beta has been released in both web and desktop versions. The latest update for Windows, Mac and Linux contains autoupdate feature, so this is the last time you have to reinstall the app, from now on it will be update itself automatically.

    Waves Lab

    Study of Waves ICOs

    A thorough and detailed study of Waves Platform ICOs has been released: check it out here.

    New residents

    Tradingene — the first blockchain-based marketplace of trading algorithms — joined Waves Lab in March. Significant innovations suggested by Tradingene will surely solve key market problems. Learn more about Tradingene here.

    The next new participant of the Waves Lab is Paytomat — a promising decentralised system for cryptocurrency payments. The project has received 100,000 WAVES seed funding from the incubator. Find out more about Paytomat here.

    The third new participant of Waves Lab is Digilira. This is a platform that allows users to convert Turkish liras (TRY) into cryptocurrency tokens named WTRY on the Waves DEX. Learn more here.

    You can also find more information in Korean and Japanese about our new Waves Labs residents.

    Community and Events

    Waves Platform COO Max Pertsovskiy’s speech at The Stanford Bitcoin Club

    Waves COO Max Pertsovskiy talked about ease of tokenisation and mass adoption through simplicity at The Stanford Bitcoin Club. Watch his speech here.

    Berlin meetup

    We had a great time in Berlin on 5 March! Thanks to everybody who came to meet our team and community. Here are some photos from the meetup.

    Amsterdam meetup

    Another great meetup was held in Amsterdam on 6 March. Watch the full recording here.

    Q&A session with Tradingene

    Tradingene’s COO & Co-founder Sergey Kuzmin and Business Development & Co-founder Roman Burtsev held a Q&A Session with the Waves community in our Telegram chat on 15 March. Check out the discussion here.

    Win your way to the World Cup in RewardMob’s ‘Road to Russia’ contest

    Waves and RewardMob have partnered up to bring Waves holders the experience of a lifetime. For the first time ever, our Waves wallet holders can win a range of World Cup Final prizes including a VIP trip for two to the World Cup Final in Russia in July 2018. Learn more here.


    Tidex airdrop declared a success!

    Tidex exchange recently held a mass-airdrop of their TDX token, making full use of the Waves-NG protocol to process thousands of transactions in short order. The results have been encouraging, and should be an example for every crypto marketing campaign!

    News from the recent Waves meetup with updates on our upcoming smart contracts

    Read a great Blockchain Diaries overview of the meetup that was held at Primalbase’s shared office space in Amsterdam.

    Why is the Waves DEX so awesome?

    All you need to know about DEX and its immense awesomeness.

    The future of blockchain

    All about the Waves-NG protocol, Smart Contracts, Voting, Atomic Swaps, more gateways and other cool upcoming features on the Waves Platform.

    Waves ecosystem visualised

    New users, businesses and communities keep joining Waves every day. Together we are enhancing Waves’ technology and spreading it across the globe. So what is so special about our ecosystem? Here are some of the key elements of the Waves ecosystem visualised.

    How to choose a cryptocurrency exchange

    Let’s suppose you have some amount of cryptocurrency you want to exchange for conventional money — for example, USD — but you don’t know how to do it. You’ll need to go to a crypto exchange. In order to choose one wisely, you have to consider a number of factors.

    Loyalty programmes on the blockchain

    Anyone who has ever been handed a loyalty card in a store and discovered it again months later, gathering dust, will already have come to the same conclusion that Incent did back in 2015: traditional loyalty schemes don’t work particularly well. Loyalty programmes on the blockchain will change that.

    What Is Proof of Stake?

    As well as being more efficient by design, PoS can also form the foundations of a faster system. Waves has built on the concept to create a consensus algorithm capable of supporting up to a hundred transactions per second, making it suitable for mass-market applications.

    How to invest in cryptocurrencies

    Assuming a sufficient amount of time has passed and your investment is up by a healthy amount, you may be faced with the dilemmas of if, when and how much to sell. How you decide that will depend on your broader investment strategy.

    Blockchain leasing for Proof of Stake

    PoS systems may also allow their users to lease their coin balance to miners, thereby playing a part in securing the network and gaining some of the rewards without the overheads of having to run a full node for themselves.

    Interview with Ilya Smagin — Head of Development for Waves’ smart contracts

    Ilya Smagin talks in depth about Waves’ smart contracts.

    Centralized vs Decentralized Cryptocurrency Exchanges: Vulnerability of Most Trading Platforms

    Which type of crypto exchange is more efficient? Read the article to find out.

    How to invest in an ICO

    Investing in an ICO is similar to the investment process for the traditional markets in many ways. Just like conventional investing, it has its pros and cons. Blockchain technology and ICOs in particular are still evolving, so you really have to keep up with the latest trends — both technological and legal. If you are careful enough, you might profit from an ICO. This article explains what you have to consider in the first place.

    That’s it for March. See you in the beggining of May!

  • Waves Release Testnet Version 0.11.0

    In this release

    • Optimized LevelDB storage; This version imports blockchain twice faster than version 0.10.x
    • New Data Transaction; A step towards Smart Accounts and Smart Assets
    • Updated DEX Matcher API

    Please, vote for the new feature number 5 (Data Transaction). Read about Data Transaction on our new documentation site.

    Update notes

    It is required to rebuild storage. Use export/import to reimport existing blockchain or download it from the network.



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