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bobq
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November 16, 2017, 07:53:37 AM |
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Source: https://venturebeat.com/2017/11/08/waves-says-its-launched-the-fastest-blockchain-platform-in-the-world
Little-known public blockchain Waves debuted an upgraded protocol today that it’s billing as the fastest in the world. Waves-NG, a “next generation” update of the Waves blockchain that first launched back in 2016, is currently running a stress test to reinforce that claim.
The Moscow-based company completed its ICO back in June 2016, before initial coin offerings became the fad they are today, pulling in $16 million, a substantial raise at the time.
Like Ethereum, Waves has smart-contract capabilities built-in and allows a host of other businesses to launch tokens on its chain. Some 5,519 tokens have been released on the platform to date, totaling a market capitalization of $1 billion, according the company’s website. Unlike the Bitcoin and Ethereum blockchains, Waves runs on a proof-of-stake basis rather than proof-of-work, meaning it doesn’t demand heavy compute resources in order to process transactions. (You can find an overview of proof-of-work vs. proof-of stake here.) The Waves-NG upgrade promises to accelerate transactions even faster. (It takes its name and strategy from Bitcoin-NG, a 2016 proposal for upgrading Bitcoin transaction speeds that drew support from within the Bitcoin community before faltering amid debate.)
Businesses and applications that require high transaction rates could find Waves to be a more compelling public platform choice than Ethereum. Blockchain expert Emin Gun Sirer, who coauthored the 2016 Bitcoin-NG proposal, told VentureBeat that the Waves-NG stress test has impressed him so far. “I just saw the results from today’s tests — they are achieving an unprecedented 190 transactions/second. This leaves Bitcoin, at 3 transactions/second, in the dust,” he said. Ethereum apparently processes about 5 or 6 transactions per second.
Gun Sirer noted that Burger King Russia recently launched its Whoppercoin token — designed to store loyalty points on the blockchain — on Waves. “If you plan to transact at [the rates of that size business], existing systems like Bitcoin and Ethereum can’t keep up — 3 to 7 transactions/second will not handle the throughput required to serve billions of burgers in Russia, let alone the globe,” he said.
I am very i pressed by the 190 transactions/second news. With 3 transactions/second and 5 or 6 transactions per second, Bitcoin and Ethereum are basically becoming already obsolete. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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kaltun
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November 16, 2017, 08:30:28 AM |
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Why is the price not rocketering  i mean with every (positive) post or news about the waves price is same or lower how come ?? |
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mikelv
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November 16, 2017, 08:39:21 AM |
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Why is the price not rocketering i mean with every (positive) post or news about the waves price is same or lower how come ?? IMO the main reason is currently, that BTC is rising again and most alts are down. |
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MoneyJ
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November 16, 2017, 08:42:19 AM |
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Waves platform is pretty much steady right now . Hosting such ICO on its platform gives investors confidence as they realized how robust and reliable waves is.
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ZhuldyzKaladinova
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November 16, 2017, 08:44:55 AM |
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Why is the price not rocketering I never understood why people think posting some news must result in a direct price increase. |
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Tara11
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November 16, 2017, 08:49:26 AM |
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Why is the price not rocketering i mean with every (positive) post or news about the waves price is same or lower how come ?? It was 0.16 cents two months ago. Now it's 5 dollars. x30 rise just in two months. Crazy isn't it? Don't worry it will be 50 - 100$ next year. |
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mikelv
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November 16, 2017, 08:58:48 AM |
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Why is the price not rocketering i mean with every (positive) post or news about the waves price is same or lower how come ?? It was 0.16 cents two months ago. Now it's 5 dollars. x30 rise just in two months. Crazy isn't it? Don't worry it will be 50 - 100$ next year. Two months ago it was about $4. |
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Cubirez
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November 16, 2017, 09:02:34 AM |
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Why is the price not rocketering i mean with every (positive) post or news about the waves price is same or lower how come ?? It was 0.16 cents two months ago. Now it's 5 dollars. x30 rise just in two months. Crazy isn't it? Don't worry it will be 50 - 100$ next year. Erm, if you take a look to coinmarketcap, you can see that waves was at about 4USD two months ago. In fact, since the big crypto rise from april to June, it has been moving between 3 and 6 USD. I have to agree there is not that much reaction to all the good news so far, but still when you compare to the price early 2017 (about 0.25 $), we have already seen a fair increase in price. I hope at one point the price will increase suddenly again, in the same way to what happenned with ethereum in the first semester 2017  |
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ZhuldyzKaladinova
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November 16, 2017, 09:08:26 AM |
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In fact, since the big crypto rise from april to June, it has been moving between 3 and 6 USD.
Waves is a coin that makes waves. IMO it's one of the best to constantly trade and increase one's coins over time. |
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kaltun
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November 16, 2017, 09:17:44 AM |
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Why is the price not rocketering i mean with every (positive) post or news about the waves price is same or lower how come ?? It was 0.16 cents two months ago. Now it's 5 dollars. x30 rise just in two months. Crazy isn't it? Don't worry it will be 50 - 100$ next year. this coins is one of most active coin there it is , with huge community and with nice developments.... as early adopter ( participated on the ico ) , it was more than a year around 20-30 cents (around 30k) .... with the bigboom of BTC the price went high , in may-juni this year the price went to 240k ( around $ 6,60 )and after that it went down ( qua btc and fiat) , its normal because btc was rocketering and all altcoin suffered from this.... but its not logic when a coin this much adopted by an community and constantly in the news with developpings and collaboration with huge companys ( or big names)..... the price must be going high , but it isint thats why i dont understand Why is the price not rocketering I never understood why people think posting some news must result in a direct price increase. if thread/twitter/fb constantly updated with (positive) news,may i not expect good rising of this coin ?? |
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vinnieG
Jr. Member
 Offline
Activity: 124
Merit: 1
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November 16, 2017, 01:06:01 PM |
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Why is the price not rocketering i mean with every (positive) post or news about the waves price is same or lower how come ?? It was 0.16 cents two months ago. Now it's 5 dollars. x30 rise just in two months. Crazy isn't it? Don't worry it will be 50 - 100$ next year. Erm, if you take a look to coinmarketcap, you can see that waves was at about 4USD two months ago. In fact, since the big crypto rise from april to June, it has been moving between 3 and 6 USD. I have to agree there is not that much reaction to all the good news so far, but still when you compare to the price early 2017 (about 0.25 $), we have already seen a fair increase in price. I hope at one point the price will increase suddenly again, in the same way to what happenned with ethereum in the first semester 2017 Good news only gives speculation with short pump and dumps. For sustainable price incease, we need mass adoption and real usage. This will happen over time with all the new updates (Waves NG, Dex etc.). Look ahead on the long term potential, not the price of today. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” - Warren Buffet |
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vitocorp
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November 16, 2017, 09:33:50 PM |
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"The emerging crypto-economy closely resembles the old, traditional economy — in fact, it is a continuation of it, just on a new technical and conceptual level. A major part of this crypto ecosystem is an open market price discovery mechanism, which takes place on both centralised exchanges and on the emerging decentralised crypto exchanges. What we’re potentially going to see in the future is streamlined financial markets, with low entry barriers, less regulation (at least less centralised regulation; regulation will be carried out through crowdintelligence, smart contracts and AI), low transaction fees and liquid orderbooks." Seen at: https://blog.wavesplatform.com/waves-are-liquid-fbc64ae1755a |
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subG
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November 17, 2017, 04:28:39 AM |
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Waves tokens have very strong holders. I am surprised to see the price of Waves is holding up well even though Bitcoin is rising at a quick pace. Many altcoins are being hit pretty hard. Waves NG will bring many more strong supporters to the project. There's no stopping Waves from turning into a Tsunami!
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starskey
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November 17, 2017, 10:10:28 AM |
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Awesome news on Waves! The stress test went very well, you can check the result in the blogpost! https://blog.wavesplatform.com/waves-ng-stress-test-results-in-44090f59bb15"The nodes processed a total of 4.6 million transactions, giving an average throughput of 2,000 txs/minute. Peak bandwidth was 17,000 txs/minute. When it comes to running the software on mainnet, we expect nodes to be able to process up to 6,000 txs/minute, or 100 per second." This is great. So waves is going to be the coin with the most txs/minute? Is there any other coin out there with similar stats? Bitcore (BTX) can process 42k txs per minute (60.8 mio per 24hr) . It is growing exponentially. Waves NG's speed was impressive however. These speeds are crypto approriate  Were did you got that info ? BTX blocks has a 10min interval. Waves NG keyblocks has 1min interval, and 3sec for microblocks. BTX blocks has a 2.5 min interval, unlike Bitcoin. I dont know if that makes it faster than Waves that has a 1 min . I got the info from their page on facebook. |
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JunoCoin
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November 17, 2017, 01:34:18 PM |
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Why is the price not rocketering I never understood why people think posting some news must result in a direct price increase. Because after news people have expectations. On the market we trade expectations. The price can go either way. |
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fabi90
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November 17, 2017, 05:06:39 PM |
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Does anyone know if there is development for Ledger Nano for storing private keys?
The goal of course is that you use the client and trade on DEX but the private keys will remain on hardware and signed by device only.
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Tara11
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November 17, 2017, 05:56:09 PM |
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How do I join waves slack?
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Turing (OP)
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November 17, 2017, 06:02:38 PM |
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the other interested factor (wrote about it in another thread), am i right in considering anyone can produce a token in waves including utilizing the same title as already existing token in waves platform appears a occur/scams no?
You could create thousands of tokens with the name Bitcoin or Ethereum but they won't show up in the Waves DEX. Only verified tokens will show up when you type their names. So no, not easy to scam someone  |
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Turing (OP)
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November 17, 2017, 07:25:15 PM |
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Source: http://wavescommunity.com/join-waves-client-closed-betaWaves Web Client closed beta test is starting on Monday! Join Waves Web Client Closed Beta Test!
Fill in the application form to be among the first people to see the new client.
We’ll consider all of the applications and select up to 100 people that we’ll grant the access to beta testing.
The Closed Beta Test is staring on Monday, November 20th and will last for a week.
We’ll award WAVES to our three most active and efficient testers.
The more unique bugs you discover – the better!
The application form is available for a limited time only.Sign up here!
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p3ppymon
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November 17, 2017, 07:31:43 PM |
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^
This is an amazing feature everyone was waiting for!
If someone was complaining about the fact that there are too many new features for the waves platform, hence capping the rise, I believe this would be a major boost!!
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