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http://www.ibtimes.co.uk/blockchain-platform-waves-partners-swiss-knife-bitcoin-wallet-mycelium-1558914Core to the WAVES platform is the ability to issue, transfer, and exchange custom blockchain tokens – including those tied to national currencies through market-making services provided by fiat gateways. Besides liquidity provision and exchange services, gateways will also manage AML/KYC policies, so that decentralised blockchain value transfers are fully compliant. Fiat-equivalent tokens will be used for anything from remission to decentralised crowdfunding, said a statement.
"This opens a whole new era in financial technology, and one that we believe will prove enormously beneficial both within and outside the crypto community. We know that banks and financial corporations want to work with blockchains, but they are increasingly talking about using permissioned ledgers.
"WAVES' vision is for an open ledger that can be used by everyone, banks and customers, whilst maintaining the KYC and AML their jurisdictions require of them.
He added the WAVES system will use gateways to do token transfers like the Ripple architecture. As well as a native token on the network, custom tokens can be built on top. He said that for the network to work normally it will need about 1,000 nodes.