Waves to undergo a hard fork

Waves hard fork will occur on block 795,000 and Waves-NG will be launched on mainnet on December 15 of 2017
14 December 2017   491

Waves, an open-source blockchain platform, has reported that its team has been working on a new consensus algorithm based on Bitcoin-NG protocol. Waves-NG will be updated for Waves proof-of-stake network and will be capable of supporting 100 transactions per second. The aim is to make Waves the fastest decentralised blockchain system in the world. The new algorithm is ready to be released on mainnet and will be activated within a hard fork.

The hard fork is scheduled to occur on block 795,000, which is estimated to happen at around midday GMT on Friday, 15 December of 2017.

As soon as nodes have updated with the new version, miners can start setting approval flags in their blocks and after 5,000 blocks, which will take about 3.5 days, the Protocol checks to see how many miners have signalled acceptance of the new features. If a minimum of 4,000 blocks (80%) have approved the fork, it is automatically activated after a further 5,000 blocks.

Moreover, Waves has unveiled major new platform update Waves Client 1.0. with intuitive navigation enabling users to access all of the platform’s features, regardless of whether they have any previous experience of blockchain clients or applications.

At the moment of press, these are main market parameters of Waves:

  • Average price: $13.40
  • Marketcap: $1 340 400 000
  • 24h volume: $52 846 000

Waves Meetup to Take Place in Amsterdam

Waves Meetup, where the major updates of Waves blockchain platform will be presented and discussed, will be held on March 6 in Amsterdam
21 February 2018   692

Waves Platform team from Amsterdam and Moscow will hold a meetup on March 6, 2018, in Amsterdam, giving an overview of Waves’ achievements and the plans of the platform for the 2018. It will present new interface for the blockchain ecosystem, including the platform’s decentralised exchange (DEX) and wallet.

Waves Amsterdam meetupWaves Amsterdam Meetup

Location: Primalbase AMS, Van Diemenstraat 20-200, Amsterdam, the Netherlands
Date and time: 7PM - 11PM, March 6, 2018

Rob van de Camp and Jarno Hogeweg, Dutch Waves representatives, will host the event and give an overview of the Waves Platform and what opportunities it can provide for established businesses as well as startups.

Ilya Smagin, Lead Scala Developer, will talk about Waves Smart Contracts Roadmap and Waves Smart Contracts, while Alexey Kofman, Product Manager, will talk about Blockchain scaling problem and solutions. Pavel Soldatkin, Head of Events, will tell about the news, plans and marketing strategy for 2018.

The users who would like to participate in a meetup, should fill in the special form.

At the moment of press, these are main market parameters of Waves:

Average price: $8,07
Market cap: $807 083 000
24h volume: $50 631 500