Waves Begins Smart Contract Launch Process On Mainnet

The value of the Waves tokens rose against the us dollar after the company began the process of launching new smart contract protocol on its mainnet.

Waves’ Smart Contract Protocol

The Waves Smart contract rules of conduct will come into force one week after the mining community agreement comes into effect at 80%, the company revealed on Steemit. It will start with the publication of Smart Accounts-non-turing Smart contracts-which will lineup some popular and in-demand characteristics such as atomic swaps, multi-signature wallets, token freezing, data oracles and whitelist voting.

Waves’ novel rule of conduct also proposes to present a promising solution to Ethereum’s famous gas expense problems. In its statement, the company assured that they will cancel gas fee for a benchmark transaction fee-that would be very trivial for the network and is completely predictable. Sasha Ivanov, Wave’s founder and CEO, said

“We are creating a user-friendly blockchain platform that will be easy for anyone to use. To achieve this we are trying to look at the system through the user’s eyes and understand what they most need. This is the essence of our approach to Smart Accounts.”

Following the announcement, the WAVES/USD

The WAVES/USD value on Binance rose from about $2.20 to $2.60 before settling down at $2.30 levels.

Waves coin is presently ranked 36 by market capitalization. The cryptocurrency saw a trading volume of $11 million in the past 24 hours on exchanges such as Binance and Tidex, which is Waves own decentralized exchange.

Notably, SIMDAQ, a robust marketplace based on #WavesPlatform technologies, has been launched earlier today.

The three modules in the Simdaq platform are as follows:

• The primary module of Simdaq platform is a robust trading curriculum for all levels of traders. The system permits users to understand fundamentals of the market, sophisticated knowledge and the most recent changes.
• The next module is a trading simulator based on authentic historical data and sophisticated regularity. Simdaq permits users to buy and sell all main coins. It assists users to advance trading abilities, acquire incredibly top experience and validate one’s own trading choice theories to realize utmost profit.
• The final module enables creating trading robots, mechanize and discover your trading tactic to get accurately analyze whether the strategy is dependable or not. Programmers have prepared a responsive interface of the platform to ensure comfortable work process.

Two modules are presently available for users. The third module will be soon launched at the second release.