Waves is an open-source, public blockchain protocol that can support scalable and user-friendly decentralized applications (dApps). The community-based stack of decentralized open-source technologies can power the development and deployment of Web 3.0 applications.
The Waves network can offer high-speed, low-cost transactions across various dApps on its infrastructure, including support for NFTs, DAOs, and other blockchain-based applications. In addition, it supports the use of bridges for cross-chain transfer of data and assets, powering interoperability with different blockchain ecosystems.
The technology stack provided by Waves can be used to create decentralized applications that require high levels of security without compromising on user experience. Potential use cases for Waves’ technology stack include dApps in the decentralized finance (DeFi) space, decentralized identities (DIDs), gaming, privacy-related applications, and more.
WAVES is the native token of the Waves blockchain and is used to pay transaction fees within the network. The WAVES token is also used for distributing rewards to network validators who contribute to block production and securing the network by verifying transactions.
