Cryptocurrency Q&A
What does Waves crypto do?
What does Waves crypto do?
Chloe_martinez_explorer
Thu Dec 05 2024
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7 answers
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Waves crypto is a blockchain platform designed for large-scale commercial and consumer use. It enables traditional businesses and end-users to enjoy the benefits of blockchain technology. Features include unlimited transactions, secure and fast trading, and asset custody in users' own wallets. Additionally, Waves supports decentralized financial applications and has a focus on DeFi markets, offering tools like stablecoin protocols and automated market makers for efficient trading.
7 answers
emma_grayson_journalist
Sat Dec 07 2024
Additionally, WAVES is utilized to cover transaction fees within the network, ensuring smooth and efficient operations.
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Eleonora
Sat Dec 07 2024
A notable aspect of WAVES is its limited supply, creating a scenario of scarcity.
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Sara
Sat Dec 07 2024
The WAVES cryptocurrency holds a pivotal role in sustaining and managing the Waves network.
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Silvia
Sat Dec 07 2024
This scarcity is intentionally designed, with a cap set at 100 million WAVES tokens.
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amelia_harrison_architect
Sat Dec 07 2024
The limitation on the total number of WAVES ensures that the cryptocurrency maintains its value and rarity.
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