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   1423

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

London is to host WAVES meetup

An exclusive event of WAVES London Meetup is set on April 18 with discussions on latest developments of the platform
09 April 2018   779

WAVES has announced a meetup session in London. It is taking place on April 18 at Rooms on Regent's Park. The project is ready to present fruits of long-term work, namely an 'all-encompassing' interface for the blockchain ecosystem. The interface includes WAVES own decentralized exchange and a wallet. Both Moscow and London shall be present to be announce plans for 2018 and share the completed achievements.

WAVES founder and CEO S. Ivanov will give a speech on the overview of the platform and potential business gains it poses as well as address blockchain scaling problem and possible solutions. WAVES Lead Scala developer I. Smagin will give a talk on WAVES Smart Contracts and its roadmap. News, plans and strategy for 2018 will be presented by WAVES UK Ambassador S. Biggs and Head of Events P. Soldatkin. Afterwards there will be a Q&A session followed by a networking time.

At the moment of publication, WAVES market characteristics are as follows

Average price: $3.46

Market cap: $345,856,000

Volume (24H): $16,862,500