Bitcoin Forum

I heard Waves will be evolution of what Ripple attempted to be. Well Waves has some similarities with Ripple but seems better and less centralised. What is your take on it?

The Wavesplatform is a platform – an exchange-platform like Nasdaq, NYSE, Chicago Merk, OSE, Amsterdam and others – it seek to list real stocks, real bonds, project-shares, cryptocoins – anything that people trade, and it is a big big thing!

Can you make a comparison, preferably in bullet-points , on how the two are different?  It would also be nice to know how they are the same in some aspects and how one is better than the other in some features.

It's really hard to give an answer if I do not exactly know what Waves is.

In regards to Ripple XRP ask yourselfs why a coin that has so much good news with banks getting on board and all kinds is still in the dumps Very Few people TRUST Ripple, without Trust, coin is dead.

Look at some of the Fines Ripple has had to pay for being "shady" http://www.coindesk.com/fincen-fines-ripple-labs-700000-bank-secrecy-act/


NOW

Waves on the other hand, is more open and more attractive to companies, clearly we see this with the partnership with Mycelium, that many rate as the #1 bitcoin wallet / app.

In a nutshell XRP is Junk

Waves is Golden.

Really? Wow, that's better than I thought. Do you have anything from the waves team that says something like that? Thanks.

Waves gonna rock the trading scene.   ;D

agreed

"will cancer overtake syphillis? "

Great thread, op

waves for sure

For me there is just one simple answer ... Ripple full node is basically Ripple so it's fully centralised and if you want to run a full node, it will be impossibly expensive. It has its implication on the core objective of a decentralised currency. Waves cost of running a full node is simply non-existent and a lot of people would be doing that. If the measure of decentralisation is a key parameter Ripple is way way way behind Waves and is designed to be like that so the control remains in the hand of a few.

Last I checked, ripple's XRP had 5 validator nodes. All run by ripple. Theoretically it seems possible for non-ripple servers to be a validator node, but that causes a couple of issues for ripple

1. one of the "features" of ripple ledger is that it is possible to at any time for any reason, modify any account's balance, priviledges, etc. this is to protect the women and children. Now if ripple let non-ripple validator nodes into the system, and some of the validator nodes disagreed as to whether a particular ledger edit should not be done, well, seems the balances will diverge. And this is not anything acceptable to ripple corp, so all non-ripple validators will probably have to agree to 100% follow whatever the ripple validating nodes do.

2. The ripple protocol is not a blockchain, but a pure ledger. Now I am not any cryptographer I just write code that uses the crypto functions, but to me it seems that if the ledger is an arbitrary set of balances, then as long as all the validator nodes agree to any particular ledger, then there is no way to know if it all added up correctly.

I remember this was another "feature" as it allowed to correct divergent ledgers due to the non-guaranteed consensus. Of course, maybe there is now a method used by ripple that assures convergence and the need to edit the ledger isnt needed to keep it consistent. But it is still needed to enforce KYC and be able to freeze any account at anytime for any reason deemed valid by ripple.

Also, the business practices of arbitrarily setting the price of XRP, selling it at discount to open market prices to preferred customers, well I guess any entity that owns 80% of a currency is free to do whatever they want, so who am I to complain about this.

ripple is as much a decentralized cryptocurrency as paypal is.

So you cant really make any direct comparison between WAVES and paypal ripple. WAVES is a crypto currency that for now is running just with WAVES servers as it just started mainnet earlier this month. Imminently full nodes will be run by the major exchanges and at that point, it becomes at least a distributed crypto. When anybody can run a full node, then it joins bitcoin as a fully decentralized crypto.

ripple has had years to make this transition, but has refused to do so. Assuming that WAVES transitions to being a fully decentralized crypto, then it becomes the first with fiat gateways built in. There will still be need to rely on gateways to back the fiat equivalents (until somebody comes up with a way to store fiat value in a decentralized way), but the risk from this can be minimized simply by doing small incremental transfers.

Clearly WAVES is worth more than LISK and as soon as the market trusts that WAVES will become fully decentralized, more than ripple.

James

P.S. I am not 100% objective as I have a significant position in WAVES. I also established significant positions in Siafund, SYS, VPN, IOTA, BTCD, SuperNET and various related assets

Ripple has gained ground: https://www.yahoo.com/tv/york-approves-ripple-labs-application-bitcoin-license-180801684--sector.html
That would be good for Waves

Thank you for this thorough explanation, previously it was hard for me to grasp what Waves was fully about as I only understood bits and pieces.

Thanks.

Nope.
https://validators.ripple.com/
It is not really possible to see which of these are trusting which other node, your scenario however is very likely currently (5 Ripple Inc. validators only trusting each other and others having to either follow them or completely fork away).


Nope, this is only possible with a validly signed transaction. If something is changed without a validly signed transaction, there would be proof of that. Please give this proof, otherwise this is like the theoretic possibility that more than 21 million BTC could exist, since the protocol might be hardforked in the future.


Every ledger state has a reference to the previous state hash and all transactions that have to be applied to the previous state to reach the current state (including root hashes of a derived trie structure of them). You can know you added them up correctly if the root hash is correct.


Freezing only works for trust lines, not accounts and is carried out by users of the ledger (e.g. gateways), not Ripple Inc. KYC is not part of the protocol, there is only a possible way to enforce it (you can supply a list of who is allowed to hold things you issue on the ledger instead of allowing anyone to own balances of your IOU).

I don't get what you mean by "feature to correct divergent ledgers" - got any more info on that?



XRP is as much a decentralized cryptocurrency as paypal is. Ripple on the other hand is a decentralized marketplace and settlement platform running as a blockchain with a built-in native centralized cryptocurrency.

Why make Ripples if you can make Waves?

Ripple is crap man. Like all the corporate "crypto currencies"

~CfA~

Waves fiat functionalities will be most important for me, if it delivers it will rocket through Ripple.

both are trash, one is trash because too much supply the other shitty ico

Ripple = centralized

nough said.

lol  ;D

At the moment

Waves = centralized

Full node code is closed sourced. Only full nodes being run by the Waves team right now. And what makes matters worse, is that the terms of the escrow have been met; so they are already withdrawing funds from the escrow address. (https://blockchain.info/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA)
People who bought into this should be concerned, since we are entirely at the mercy of the Waves team. They can withdraw all of their funds and close up shop, if they should so desire.

From what I see, not a single Satoshi has been moved out of the escrow address, meaning they are still not using the huge funds they now have access to.
Waves team may be behind schedule, but it does not mean the project is bad, Lisk had several delays and was first announced at the end of April. I think Ethereum too had similar delays.
You can not expect a 100x ROI in the first day of trading, it takes time to reach those hights.

If its implemented properly, WAVES will be worth much more than the ICO amount collected.
So why should the devs do that?

Have you clicked the link? Here's the link in another format. https://blockchain.info/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA (https://blockchain.info/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA)
 It is clear as day that they moved 2961BTC on block 416552.

waves is gonna be more greater than a ripple..
it will be like a sky rocket a weeks or months from now,
just like a tidal waves. :D ;D

I saw a news from one of the devs flashing by in slack and i can tell you it will be pretty big, i think it will overtake Ripple.

Are you guys shitting me or what? WAVES lists only a Russian founder. The whitepaper has absolutely no technical details whatsoever, with only footnotes to descriptions of other people's technology. There's no one notable associated with the project, no GitHub repository, and no posted source code that I can see.

And you're asking if it will "overtake" Ripple?

You cant say such thing when you haven't kept up to date with the project, if you did you would agree. All above has been addressed.

Its true I don't know much about it, other than what I saw on the website.

It seems that Waves is not overtaking Ripple yet  :-\

For all who have waves today, a good day, the price is very good, + 25% for 12 hours. Let's see what will happen next

Yes, It is indeed a good day for Waves. I hope it can at least reach the same level as Stratis. Let's see.

I have invested on waves but I don't think it will overtake ripples, XRP hasn't started yet so if it does, it might even over take ethereum. Xrp hasn't fully implementd yet by banks as far as  I know but it already is on top. Hopefully in months it might just be activated and its going to moon like no other coin have. Chances is that it may even overtook BTC above.

I have read some rumors on waves but non of them comes true for now. but I still going on with waves  :o

ripple is important coin for future but not for short term.

Waves that have their own exchanger (DEX), will be more easily known to many people. Although I am not too familiar with Waves. And preferred to Ripple. For some reason.

I believe Waves can do that. In 2018 Waves will have a a fully functional dex, smartcontracts, sidechains etc. 2018 is the year everybody will talk about Waves.

waves is going to explode for sure at the short future....

I think so Waves has the potential to be one of the best alt coins on the market today.

Ripple is the one that has been of great interest to me. Ripple is backed by so many large companies and financial institutions. Everyone could potentiality see XRP have a massive surge in value.

Waves gonna come up for sure. Agreed!

While ripple will make new waves when the alts begin to pump again(whenever they do), I beleive that long term waves will be huge. I have my waves in the waveslite wallet and will look at them atleast after 6 months from now.

Waves is a good coin some ICOs launch their coin on waves platform I think wave is a undervalue coin at the moment, it has a long way to go ahead. On the other hand Ripple is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. I am positive for both the coins but Wave has more potential as compare to ripple. In my opinion both are long run coin. We can hold both for good profit.

so far, I only know about waves, and waves have been trusted and made as the platform of some famous coins. so, i think that waves is better than ripple. well, but maybe there are some people who disagree about it.

Everything indicates that Waves will be better than Ripple because Waves strive for it what ripples tried to reach.

When smart contracts comes very alive on waves then there won't be much room to compare with ripple.

It appears to me that is not really easy to compare those two as waves is a platform and it has really strong technological background.

Ripple aim at money transfers between the borders - the different countries fiat currencies XPR
Waves are about other issues

Definitely waves, it is still undervalued and has a good roadmap. Get some before they release the new high speed protocol and DEX interface

When is that going to happen more or less?

Thanks!

I would definitely recommend the Waves. In my opinion, it's best to just put on them. Ethereum will also be a good choice, but it is already a big expense. Both these coins are developing brightly and will soon take over the whole market. I am convinced.

Waves already having decentralized exchange, staking of coins and more coming in next months
ripple still on paper

Ripple has already had a big market cap and it is hard to x3 or x4 the price of Ripple. Waves is still a small coin but it has a big potential to change the world. Base on what I know, we can create the smart contract as well as token on waves blockchain. If you want to be rich, investing in waves is the best choice. RIpple is a safe option. If you want to increase your balance steadily, ripple is more suitable for you than waves

They are both large coins with large marketcaps. I think that Ripple has the most potential to grow because they are working with big banking corporations.

i think your answer going to Waves.. waves have a good future with million of audiences while ripple hasn't.

i thing yes but on the other hand ripple is to stable for a long time

There is no connection between ripple and waves at all. They are not similar. Ripple is just a ridiculous coin i dunno how people can buy it. But waves has a very good potential with dex inside the platform.

Ripple has a much larger marketcap, but waves has great potential and a golden future.

It's really a hard choice, I don't think any coins can beat ripple's 7B marketcap easily, but let's see if waves will.  :)

I was thinking opposite. Ripple in an article, proving that he has better technology even from bitcoin. And Waves, still needing more innovative development to shift popularity of Ripple & Lab.

This is a very strange comparison. These coins are compared here only in terms of speculation? They have completely different tasks in the market.

Seems like Waves will be stronger than Ripple. But still both of them are quite different from each other so lets not compare them.

I'd rather side with Waves, however, it doesn't necessarily mean that I'm right

I believe that the waves have every chance to overtake Ripple, but but all are quite different coins and they need not be compared even by marketcap

Both coins have different goals they set out to achieve. Waves is a platform where coins can be built upon.. You can kinda compare it to Ethereum if you wanna compare it to another coin. XRP is more like a technology being offered to banks to solve their transaction fees problem.

WAVES platform is offering a different suite of products than ripple and looks like its far more concerned with advancing technologies in society than ripples banking financial maneuvering. 

WAVES is also implementing more system wide improvements built off great tech made by others, this actually gives it an advantage.

but more importantly. both can do very well.

2018 huge year for waves

This is stupid comparison because Waves and Ripple have no common feature.
Ripple is centralized coin / Waves is decentralized coin and platform
Ripple is heavily pre-mined / Waves had legit ICO phase

I think no connection between ripple and waves at all. They are not similar platform in crypto. Waves is better platform than ripper. waves have a strong support and own established wallet.

Waves is much better as Ripple, price is not even to close, what can be in near future.

Of course waves
When you talk about waves you talk about platform
But Ripple is just a protocol
Waves will be as Etherum as new based ICO projects on
With all my best wishes
Regards

I also go for Waves, as a long term holder and my hopes pretty high :D

Ripple much more stronger, and they are pioneer of blockchain transfering focused on big business / banks

Waves is a huge platform in crypto.Many coins come to the market through the waves.The future of the Waves is very bright.Waves is the real coin.Waves prices will increase in 2018.

Waves and Ripple both coin is good.But waves coin developers have made waves own wallet.Many ICOs use there platform now.If i compare
Waves and Ripple coin then My personal opinion, waves is best.Second Ripple.

Both waves and Ripples are good but really different from each other. But I like Waves more. Hoping that its price goes up more.

Ripple is not a crypto. It's a useless token that will never be worth anything. If banks start using it it can not be too expensive ;-)
Waves is strong, but just remember, Waves never moons somehow. :-)

Waves have a lot of potential value in the long. Adoption will surely drive it value more.

Not sure with Ripple though, seems it will be just controlled by the big banks, which is counter to decentralization espoused by Bitcoin.

Ripple, a decentralized platform, was one of the first, a kind of distributed ledger a bit like a blockchain. it lost the
advantages of the open blockchain in terms of financial freedoms and trust ,

Sasha Ivanov is the founder of Waves Platform,
Waves, by contrast, aims to meet the market where the need is right now: simplest of blockchain functions,
namely the ability to create your own tokens quickly and easily.
Unfortunately, it also had some problems.  Both are failing

It really is a lunacy to even think about comparing the two. Ripple is just a manipulated coin and it makes the particular coin retain it's value apart from it's centralization. Meanwhile waves is a good decentralized coin that moves depending on the demand of it on the free market. The only question is when will waves go boom? Will it ever go up in the next coming months or not? That's what we'll find out later.

waves price is getting higher and you can easily make your own tokens quickly.

Waves market cap is lower than ripple. also supply is lower. so i think waves will give you better results

Well for me Ripple is good cause of transaction is so fast and I really love it :)

I think ripple is way more popular and better than waves. It is a project based upon the idea of global value transfer and real time gross settlement. It is truly a revolutionary project which can change the global banking scenario. Ripple has been increasingly adopted by banks and is Used by companies such as UniCredit, UBS and Santander. All of this shows the enormous potential and daily usage ripple has got, you can expect the price of ripple to be around 1$ in 10 or so years.
 The payment transaction time is close to a few seconds which makes it one of the best choices for global transactions and found transfers.